It’s common for the majority of people to have the lion share of their wealth stored into two places…
Their retirement accounts and their house.
Neither is an optimal place to store money, yet both are pushed by CPA’s and financial entertainers to fill the tax deferred accounts and pay off the house mortgage as soon as possible.
The two rules I live by and teach about managing money are…
#1 Protect your Capital
#2 Always have access to your Capital
Neither one of these assets follow either one of these rules.
Every year there is a large fortune of interest being forfeited by millions and millions of people that have their homes paid off, or are rushing to payoff off their house.
