10 lessons to learn using home equity line

Nov. 17, 2018

Introduction

I like to write a blog to help people to learn how to use home equity line better. It takes a village to raise a child. In order to learn better personal finance better, I like to write down my experience and push myself to get organized. I also like to push myself learn better on this video called The 20 rules of money.

10 lessons

I like to come out the 10 lessons to learn and I also like to put most important lessons first. I like to analyze based on the 20 rules of money, and then I write 10 lessons based on one of rules each time.

20 rules of money

Rule #1: Game
Rule #2: Don't be a hater
Rule #3: Double
Rule #4: Seduction
Rule #5: Timing - speed,
Rule #6: Boredom
Rule #7: Secret


As an immigrant in Canada, I planned to land in Canada in April, 2010 starting from January 2010. I did not have support financially, all the money I can get is from my home equity line.

1. Find the possible double games. There are a few double games for me to play. One is to purchase a home in the city of Surrey, city of Chilliwack just after I land in 2010.

One is to price around $130,000 for a three bedroom 10 years old condo in 2010, and then an investment 10 years condo in Chilliwack around $40,000 us dollar. Get home loan up to $200,000.

Two possible double games are involved, one is a condo in the city of Surrey, one is a condo in the city of Chilliwack.

Based on the price in 2018, the return compared to the original investment of down payment will be more than five times.

2. ...