Your Survival Guy

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Should You Own Your Home? Yes

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By T-REX @ Adobestock.com

Too often, investors confuse the term buying a home with owning it. When buyers take out a mortgage, the bank owns the home. When Your Survival Guy was in his early 20s, I remember the mortgage broker telling me, “My bank wouldn’t mind owning this property.” That began my lifelong pursuit of owning my home. Ignore the talk about interest deductions and refinancing or home equity lines of credit. None of them produce the piece of mind and comfort of joining the exclusive club of homeowners—those without a mortgage.

Action Line: You can put a price on peace of mind. It’s the amount you no longer owe the bank. Need help? I’m here. Email me at ejsmith@yoursurvivalguy.com

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
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