Replace Your Mortgage | How To Pay Off Your Home On Average Of 5-7 Years On Your Current Income. Its Math Not Magic.

In today's episode of RYU Podcast, we explore Michael's journey into the world of mortgages, where he learned that mortgages are like "financial crack" for the middle class. He was introduced to this idea by a mentor, Edmund Fontana, which led him to embark on a mission to transform the mortgage industry. Inside the episode, he talks about the power of embracing change and pursuing one's passion. Edmund's journey serves as an inspiring example of what's possible when you step out of your comfort zone. If you're considering a career shift or financial transformation, consider the path taken by Edmund and others who've achieved remarkable success by exploring new opportunities. To start building the life you want: ⁠⁠⁠https://replaceyouruniversity.com/⁠⁠⁠ Follow Replace Your University on Instagram: ⁠⁠⁠⁠https://www.instagram.com/the_realryu/⁠⁠⁠ Join Us on Facebook: ⁠⁠⁠⁠https://www.facebook.com/ReplaceYourUniversity/⁠⁠⁠ Check out more tips and strategies on our YouTube chann

In this episode, Michael and Derrick engage in a thought-provoking conversation about wealth, debt, and the Christian perspective on money. They delves into the misconceptions around money, debt, and the role of finances in society. Michael and Derrick touch upon biblical references, debunking the myth that money is a sin and stresses that the focus should be on one's heart posture—whether it's to accumulate wealth for personal gain or to bless others and make a positive impact. To start building the life you want: ⁠⁠⁠https://replaceyouruniversity.com/⁠⁠⁠ Follow Replace Your University on Instagram: ⁠⁠⁠⁠https://www.instagram.com/the_realryu/⁠⁠⁠ Join Us on Facebook: ⁠⁠⁠⁠https://www.facebook.com/ReplaceYourUniversity/⁠⁠⁠ Check out more tips and strategies on our YouTube channel: ⁠⁠⁠⁠https://www.youtube.com/@ReplaceYourUniversity⁠

In today's episode of RYU Podcast, we explore Michael's journey into the world of mortgages, where he learned that mortgages are like "financial crack" for the middle class. He was introduced to this idea by a mentor, Edmund Fontana, which led him to embark on a mission to transform the mortgage industry. Inside the episode, he talks about the power of embracing change and pursuing one's passion. Edmund's journey serves as an inspiring example of what's possible when you step out of your comfort zone. If you're considering a career shift or financial transformation, consider the path taken by Edmund and others who've achieved remarkable success by exploring new opportunities. To start building the life you want: ⁠⁠⁠https://replaceyouruniversity.com/⁠⁠⁠ Follow Replace Your University on Instagram: ⁠⁠⁠⁠https://www.instagram.com/the_realryu/⁠⁠⁠ Join Us on Facebook: ⁠⁠⁠⁠https://www.facebook.com/ReplaceYourUniversity/⁠⁠⁠ Check out more tips and strategies on our YouTube chann

In today's episode, Mike gives us an intriguing strategy for mortgage refinancing that many people may not be aware of. He shares his personal experience and a conversation he had with a mortgage lender about using a home equity line of credit (HELOC) to refinance his mortgage. He discusses the advantages of this approach and highlights the importance of understanding different strategies when it comes to personal finance. To start building the life you want: ⁠⁠https://replaceyouruniversity.com/⁠⁠ Follow Replace Your University on Instagram: ⁠⁠⁠https://www.instagram.com/the_realryu/⁠⁠ Join Us on Facebook: ⁠⁠⁠https://www.facebook.com/ReplaceYourUniversity/⁠⁠ Check out more tips and strategies on our YouTube channel: ⁠⁠⁠https://www.youtube.com/@ReplaceYourUniversity⁠

In this episode, Michael addresses the common fear associated with home equity lines of credit (HELOCs) and how our perception of change can influence our financial decisions. He emphasizes that change, including transitioning from mortgages to HELOCs, can either be perceived as a threat or an opportunity. Drawing a distinction between the middle class and millionaires, Michael explains how the rich view change as a chance to learn and grow, while the middle class may see it as a risk. To start building the life you want: ⁠https://replaceyouruniversity.com/⁠ Follow Replace Your University on Instagram: ⁠⁠https://www.instagram.com/the_realryu/⁠ Join Us on Facebook: ⁠⁠https://www.facebook.com/ReplaceYourUniversity/⁠ Check out more tips and strategies on our YouTube channel: ⁠⁠https://www.youtube.com/@ReplaceYourUniversity⁠

In this episode, Michael talks about the concept of 10xing your results, challenging the conventional idea that doubling your efforts leads to a linear increase in profits. Instead, he emphasizes the power of expansive thinking and breaking free from limiting beliefs. Using a real estate example, Michael demonstrates how a shift in perspective can multiply your outcomes. He tackles common limiting beliefs such as scarcity and complexity and highlight the importance of an abundance mindset and the willingness to take action. Ultimately, the episode encourages listeners to embrace the path of personal growth and success, even if it means going against the grain of societal norms. Tune in to this thought-provoking episode for insights on unleashing your full potential and achieving remarkable results. To start building the life you want: ⁠https://replaceyouruniversity.com/⁠ Follow Replace Your University on Instagram: ⁠⁠https://www.instagram.com/the_realryu/⁠ Join Us on Facebook: ⁠⁠https://www.facebook.com/Repl

In this episode, Michael tackles a common question: What credit score is needed to qualify for a Home Equity Line of Credit (HELOC)? HELOCs operate in a more flexible and less regulated space compared to mortgages, making credit score requirements highly variable among lenders. While some credit unions may not have strict minimum scores and use their own scoring systems, larger banks often demand higher credit scores due to their brand reputation. In Michael's view, a credit score of 680 or higher is a strong starting point for HELOC consideration, except in the case of Bank of America. Overall, understanding the unique criteria of your chosen lender is crucial when venturing into the diverse world of HELOCs. To start building the life you want: https://replaceyouruniversity.com/ Follow Replace Your University on Instagram: ⁠https://www.instagram.com/the_realryu/ Join Us on Facebook: ⁠https://www.facebook.com/ReplaceYourUniversity/ Check out more tips and strategies on our YouTube channel: ⁠https://www.y

In this episode, Michael draws a powerful analogy between sports and financial mindset, emphasizing the distinction between playing to win and playing not to lose. Reflecting on a high school basketball game, he illustrates how solely focusing on defense, whether in sports or finances, can hinder success. Michael encourages considering a home equity line of credit (HELOC) to accelerate mortgage payoff but also stresses the importance of going on the financial offense, learning to manage risk, and building lasting wealth. He shares insights from a survey of elderly individuals, highlighting the regret of not taking more risks with their lives. Lastly, he challenges the conventional wisdom around mortgages, suggesting HELOCs as a less risky and more financially responsible option.

In this episode, the Michael dives into the strategy of replacing mortgages with home equity lines of credit (HELOCs). He starts by emphasizing the importance of having a healthy budget to manage finances effectively. Then, explains the concept of replacing your existing mortgage with a first lien position HELOC, providing a step-by-step breakdown of how this works. The third key point is about utilizing the HELOC as your primary operating account, which allows for flexible movement of funds and convenient transactions. Michael also discusses the drawbacks of traditional checking and savings accounts compared to the benefits of HELOCs. So, if you're looking for ways to optimize your finances and resist the pitfalls of traditional mortgage systems, this episode provides valuable insights. Stay tuned for more financial wisdom!

In this episode, we delve into Rick's journey from financial uncertainty to thriving real estate investments. Discover how a change in mindset and the application of unconventional financial strategies transformed Rick's financial landscape. We discuss the power of leveraging equity, the value of embracing new opportunities, and the importance of becoming a lifelong learner. Tune in to gain valuable insights and practical advice for achieving your financial goals.

In this episode, hosts Michael Lush and Hector Gonzalez share an inspiring and insightful conversation about the importance of building a legacy through strategic business models. Hector, a seasoned entrepreneur, opens up about his challenging upbringing in the Bronx, growing up amidst gangs, crime, and single-parent households. He reveals how this early life experience shaped his mindset and values as he embarked on a journey to success.

In this episode, Michael delves into an unconventional approach to creating one's own economy through the concept of homesteading. Sharing his personal experience, Michael discusses the journey he embarked upon when he and his family purchased a 90-acre former cattle farm, which they transformed into a self-sustaining homestead. Michael explains the distinction between a working farm and a homestead, highlighting the challenges and limitations associated with operating a farm for income purposes. Instead, the focus shifts to the benefits of a homestead, where self-sustainability and personal control over resources become paramount.

In this episode of the Replace University podcast, host Michael Lush delves into the insightful book "The Top 10 Distinctions Between Millionaires and Middle Class" by Keith Cameron Smith. Michael shares three essential books by the author and highlights the relevance of their content even today.

In this episode of the Replace Your University podcast, Mike is joined by the dynamic Sierra Lueck, who has a fascinating story to share. Sierra is an expert in transforming Facebook groups into thriving communities and monetizing them effectively. She reveals her secret to turning brands into movements and explains how she helps businesses diversify their income streams by amplifying their existing offers.

In this episode, Mike dive into a thought-provoking conversation between a homeowner and a mortgage loan officer. The homeowner presents an alternative strategy for paying off their mortgage faster by converting it to a home equity line of credit (HELOC).

In this episode of the Replace University podcast, host Michael Lush is joined by his business partner, Matt DeLonge, part-owner of Real Life Trading. They discuss the importance of doing hard things and pushing boundaries in personal and professional life. Matt shares his journey from being a customer of Real Life Trading to becoming a part-owner and highlights the transformative power of challenging oneself.

In this episode, Mike highlights the importance of collaboration and the abundance mindset he encountered in their new professional network. He emphasize the value of supporting personal and professional growth and how it benefits not only individuals but also the business. And he touched upon the limitations of the scarcity mentality and how it hinders progress.

In this episode, Mike shares his experience refinancing his mortgage using a home equity line of credit strategy. He discusses his property in Tennessee valued at $500,000 and his desire to reduce his interest rate from three and a half percent. Michael explains how he plans to take out more than $400,000 to have additional availability on his line and pay off his loan quickly by dumping his money into it.

In this episode, Mike makes a phone call to a loan officer with Rocket Mortgage and shares their conversation about refinancing their home. He also discusses the benefits of maintaining liquidity and reducing interest through innovative strategies. Listen in as Mike breaks down the calculations and shares their expert advice on navigating the current economic climate. Don't miss out on this informative and eye-opening episode.

In this episode, the host discusses a concept called digital real estate, which is a unique investment opportunity and that digital real estate provides a passive income stream and a done-for-you service. It is presented as an alternative way to make money, particularly for those seeking a truly passive investment opportunity.