House Hacking to Defeat Credit Card Debt
ebook ∣ Financial Freedom, #146 · Financial Freedom
By Joshua King
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I've lived under the tremendous pressure of credit card debt, and it wasn't fun. Today, I have no credit card debt and thousands of dollars in my saving and investing accounts.
However, this money did not just appear in my account, nor did I work more hours. I used the little-known technique of house hacking.
House hacking turns your primary residence into an income-producing asset. You can use this new cash flow to pay down debt and eventually save and invest.
House hacking does take some knowledge and experience to get right. You will mess it up at first.
But at the end of the road, you have a shiny new infinite return producing cash flow from the air. That's how you get out of debt. Good Luck!