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This podcast is dedicated to helping homeowners pay off their home faster using a Home Equity Line of Credit and to pay way less mortgage interest than with the traditional 15 and 30 year mortgages they are sold. Sound too good to be true? Maybe. All we ask is you listen in as your podcast host Matt Workman talks with HELOC expert Michael Lush on the different aspects of how this strategy works and why the banks don’t want you to know about it. Each episode will share more details about using a HELOC as well as featured success stories from clients of Replace Your Mortgage. If you have a mortgage and you have looked at your principal not really lowering as fast as you would like, there is a reason for that. We cover how the debt cycle with mortgages keeps repeating itself and leaves the borrower paying double for their house and in debt until retirement age. If you want to pay off your biggest debt and be able to spend more time with your family, this podcast is for you.

Latest Episodes:

#35 - How To Get A HELOC Apr 19, 2023

Show notes

In this episode of the RYU Podcast, Michael Lush talks about home equity lines of credit (HELOCs) and the benefits they offer. A HELOC is a revolving line of credit tied to your home, just like a credit card.

The good thing is that it doesn't cost anything if you haven't used it. HELOCs offer simple interest, meaning that you only pay interest on the balance you have. You can pay it down to reduce the interest you pay. This is called recasting. Unlike mortgages, you can recast HELOCs without paying anything.

There are two types of HELOCs: those in second lien position and those in first lien position. A HELOC in second lien position is for homeowners who already have a mortgage but have equity in their home. A HELOC in first lien position replaces an existing mortgage. Lush explains that HELOCs are more efficient tools for financing real estate than mortgages. In fact, some banks allow first-time homebuyers to buy property with a HELOC instead of a mortgage.

This episode is filled with useful information for anyone looking to leverage their home equity to improve their financial position.

#34 - Is Money Evil? Money -VS- Faith w/Derrick Waltz Apr 17, 2023

Show notes

OVERVIEW:

This episode explores the intersection of money and faith, discussing whether they collide or coexist. The hosts, Michael & Derek, talk about the role of money in Christianity and how it can be used in a healthy way.

They discuss Proverbs 20 and how debt can be viewed as sinful, but it's more about the heart's posture. Money is not good or bad, but it amplifies what is in the heart.

If someone is greedy or selfish, having money will make those tendencies worse, while someone with a generous heart will use their money to be a blessing to others.

The hosts discuss the different approaches to money across different socio-economic classes and suggest that people should buy income, not liabilities, and question why they want to make money in the first place. Overall, the key to the healthy coexistence of faith and money is intentionality and a heart posture that seeks to be a blessing to others.

For more info, please visit replaceyouruniversity.com

#33 - How to Save $170,000 This Year Apr 12, 2023

Show notes

In this episode of the RYU Podcast, Michael discusses home equity lines of credit (HELOCs) and how they can put you back in control of your finances.

He also discusses inflation and how it can be negated through certain financial strategies, with a focus on real estate. The episode also delves into the history of mortgages and how they have evolved over the years, and how the current mortgage system is not as efficient as it could be.

For more info, please visit replaceyouruniversity.com

#32 - 5 Steps to Master Your Budget Apr 10, 2023

Show notes

Michael Lush, the host of the Replace Your University (RYU) Podcast, talks about mastering budgeting in this episode. He explains that he will focus on those who haven't mastered budgeting yet. Lush begins by explaining the five categories to consider when mastering budgeting.

First, he suggests looking at what is coming in. He reminds listeners that it is essential to determine the net income after taxes, and other alternative revenue sources, such as tax refunds.

Secondly, Lush talks about the hardest part of budgeting, which is looking at what is going out. He advises listeners to examine their bank statements and categorize their spending over at least three months, ideally six months. Categorizing expenses makes it easier to track where the money is going.

Thirdly, Lush encourages listeners to identify what is not necessary in their budget. He emphasizes the importance of investigating recurring subscriptions that are no longer used or necessary.

Fourth, Michael emphasizes the importance of creating a savings plan. Instead of just saving money, he suggests creating additional revenue streams, such as side hustles, to increase the amount of money coming in.

Finally, he advises listeners to establish an emergency fund. He suggests having six months of expenses saved in case of unforeseen circumstances.

In conclusion, Michael reminds listeners that mastering budgeting is simple, but discipline is crucial. It is essential to keep track of income, expenses, savings, and emergency funds to avoid financial stress.

For more info, please visit replaceyouruniversity.com

#31 - How to Resist Buyer's Temptation Apr 04, 2023

Show notes

Mortages are financial crack to middle America. The poor can't afford them and the rich don't use them. It's time to replace your mortage with a HELOC.

#30 - Why Rich People Still Play the Lotto! Apr 04, 2023

Show notes

Have you ever heard that playing the lotto is a waste of money? Nothing could be further from the truth. I'm rich and I still play the lotto... and here's why.

#29 - Overcoming Obstacles May 12, 2022

Show notes

Before Michael Lush started Replace Your Mortgage and subsequently Replace Your University, he had to learn how to overcome a lot of obstacles in learning how to best utilize a first lien home equity line of credit. He and his staff of mortgage experts, through the Replace Your University and Replace Your Mortgage program, help you quickly and efficiently navigate through and over those obstacles, so you can start paying your home off even quicker. Learn more by going to www.ReplaceYourUniversity.com

#28 - Elon Musk Did What? Apr 29, 2022

Show notes

In this episode Michael Lush talks about how even Elon Musk, the richest man on earth, leverages debt to buy certain things. That's because he understands money and how to make it work for you. This same principal applies to Replace Your Mortgage and what we teach you about first lien home equity line of credit. You can learn more at www.replaceyouruniversity.com

#27 - 100 Mile Mindset w/Nate Bailey Nov 18, 2021

Show notes

Our guest today is Nate Bailey. Author, podcast host, leadership coach and more. Mindset is everything, the most important muscle in your body and we need to strengthen it just as you would work out your body. Nate teaches this and is the instructor on the Replace Your Mindset courses on the Replace Your University website (coming 12/2021). You can learn more about Nate, his life and accomplishments, his books, podcast, and offerings at www.natebailey.org

Go to www.replaceyourmortgage.com for more information and to schedule a FREE consultation to see if this is right for you.

You can also download Michael's FREE book "How To Payoff Your Home in 5-7 Years" at https://replaceyourmortgage.com/ebook/

#26 - The Uglier The Better Nov 11, 2021

Show notes

It's a Replace Your Mortgage Podcast Takeover! In this episode Derrick Waltz takes over primary duties and welcomes Edmund Fontana to the studio to talk about real estate investing. Edmund tells some crazy stories about some of the homes he has purchased for investments and what he has found in those homes. Cats in the rafters and behind freezers? Edmund is leading the charge for Replace Your Employer that is coming soon to the new Replace Your University website and educational courses.

Go to www.replaceyourmortgage.com for more information and to schedule a FREE consultation to see if this is right for you.

You can also download Michael's FREE book "How To Payoff Your Home in 5-7 Years" at https://replaceyourmortgage.com/ebook/

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