Think Generational Wealth
English
Welcome to the Think Generational Wealth podcast. Where I discuss current topics regarding generational wealth and personal finance. The goal of this podcast is to inspire you on beginning your journey of financial independence.
I grew up not being financially educated as mis padres (my parents) came to America in the early 1980's to escape the hardship in Haiti at the time. As many other millennials born to these parents, many of us were not educated pass beyond putting money in the bank in return would give you low return rates.
I made it my mission to study on how money works and actually implement what I have learned and hopefully inspire many others to begin their journey on financial freedom.
Spanish
Bienvenido al podcast Think Generational Wealth. Donde discuto temas de actualidad relacionados con la riqueza generacional y las finanzas personales. El objetivo de este episodio del podcast es inspirar a usted en el inicio de su viaje de independencia financiera.
Crecí sin educación financiera ya que mis padres vinieron a América a principios de 1980 para escapar de las dificultades en Haití en ese momento. Como muchos otros millennials nacidos de estos padres, muchos de nosotros no fuimos educados pasar más allá de poner dinero en el banco a cambio le daría bajas tasas de retorno.
Hice mi misión de estudiar sobre cómo funciona el dinero y en realidad poner en práctica lo que he aprendido y espero inspirar a muchos otros a comenzar su viaje en la libertad financiera.
Portuguese (Braizilan)
Bem-vindo ao podcast Think Generational Wealth. Nele, discuto tópicos atuais sobre riqueza geracional e finanças pessoais. O objetivo deste episódio do podcast é inspirá-lo a iniciar sua jornada de independência financeira.
Cresci sem educação financeira, pois meus pais vieram para os Estados Unidos no início da década de 1980 para escapar das dificuldades do Haiti na época. Assim como muitos outros millennials nascidos desses pais, muitos de nós não recebemos educação além do que colocar dinheiro no banco e, em troca, obter taxas de retorno baixas.
Tornei minha missão estudar como o dinheiro funciona e implementar de fato o que aprendi e, com sorte, inspirar muitas outras pessoas a iniciar sua jornada rumo à liberdade financeira.
Think Generational Wealth
Ep 106: Understanding the Differences: Home Equity Line of Credit vs Home Equity Loan
In this podcast, we will explore the differences and similarities between Home Equity Line of Credit (HELOC) and Home Equity Loans. We will discuss how each works, what are the benefits and drawbacks of each option.
We will delve into the definitions of HELOC and Home Equity Loans and how they work; discussing their similarities and differences, including the interest rates, timelines for repayment, and differences in payment structures.
I will share tips on how to determine whether a HELOC or Home Equity Loans is better suited based on the our financial priorities and goals. For example, a HELOC may be a better option for individuals that prefer flexibility with their draw down schedule and interest rates. Alternatively, a Home Equity Loan would be a better fit if stable rates and fixed payments are preferred by the borrower.
We will discuss the eligibility requirements for getting approved for HELOC or Home Equity Loans, which may include credit scores, income verification, and meeting equity requirements. We also dive into the potential risks and benefits associated with each option.
By the end of the episode, you will have an in-depth understanding of the differences between a HELOC and Home Equity Loan, and a clearer idea of which one of these options would be the better choice for your unique financial situation. Ultimately, this podcast aims to provide valuable information to empower listeners to make informed decisions when it comes to their home equity finances.
DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While
it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own
research. I am just sharing my opinion.
This podcast is sponsored by Starvelle Talent Group. Our goal is to help the culture build Wealth Assets Prosperity. We appreciate you taking the time to listen to this episode and share the content if you find value.