Wow. That’s a pretty radical idea, but I see the numbers add up. It’s paradoxical how selling your home and buying an income producing asset allows you to live rent free. It’s ironic how giving up your current security; home with mortgage, a non performing asset, (generates no monthly income) for Steem, an performing asset (generates monthly income) provides you more security.

I had to pause and think about what you said.
We all think that owning our home provides us security, a place to stay or a roof over our head. But does it really? The majority of us don’t really own our home, the bank owns it and we are paying a mortgage. If we get sick, lose our job, or die we stop paying our mortgage and we lose our home and become homeless. How secure is that and does it really represent security to own our home and pay a mortgage.

I contrast that to the situation where you sell your home to get your equity out of it. Now buy an income producing asset and now your rent is essentially guaranteed regardless of wjhether you lose your job, get sick or die. That income will come and your rent will be paid. Even if you have to move because your landlord sold your home. You just rent another place.

This is looking at things from an entirely different viewpoint then we are culturally raised to think. But if you think about it, if you do what everyone else is doing, you get what everyone else has. A house, a mortgage and a lifestyle where you are one missed paycheck away from being homeless.

The funny thing is we know this to be true. But we ignore it and go with the crowd. Because that’s comfortable. We would rather be financially living month to month and follow the crowd, instead of break off from the pack and build our own success and security.

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