The CFO Mindset Every Homeowner Needs

Most people approach homeownership like a consumer. Caleb Silver, editor-in-chief of Investopedia, says you need to approach it like a CFO. In this episode, Angie and Caleb break down what it actually means to treat your home as a financial asset — not just emotionally, but on a real dollars-and-cents level — and what separates homeowners who build wealth from the ones who end up house poor.

Here's what we discuss with Caleb:

• Why your home is the foundation of your family's wealth — and how most people mismanage it

• The CFO mindset: what it means to run your household like a business

• How to figure out what it actually costs to be you in your home, all in

• The 30% rule — and what happens when you blow past it

• Where to put your money first, and what gets people spending in the wrong order

• What home equity actually is and how to use it as a financial tool • The real return on residential real estate — and how it compares to other investments

• Why the American Dream now has a price tag, and what Investopedia found when they added it up

• What most homeowners understand too late

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