How the Wealthy Use HELOCs to Build Wealth and Protect Their Cash (Should You Have One?)

23:24You already know what the mortgage rate is. And HELOCs, again, like we talked about, have variable rates, meaning the interest rate is going to change. And so because of this, never, ever refinance something like a fixed rate mortgage for a HELOC. It is very important to make sure that you think about that. The next thing you never want to do is treat it like a piggy bank. A HELOC is not your piggy bank to go out there and use it and borrow for whatever you want to go do that day. Instead, a HELOC is there for very specific reasons. And when you open a HELOC, you need to map out what those specific reasons are.

23:53It may just be one reason, maybe it's two reasons, but you need to know why you're opening one before you open one. You should also never use a HELOC to fund speculative or high-risk investments. Now, you may be saying to yourself, but Andrew, what if I took out a HELOC and bought Bitcoin in 2012? You would have zero idea in 2012 that Bitcoin was going to do that. And so trying to utilize a HELOC and take those funds for speculative investments could just mean that you're going to lose all that money that you just borrowed. And now you got to go back and pay it back. Using a HELOC without a clear payment plan.

24:25If you pull a HELOC and you have no idea how much you make, how much you save, how much you invest. If you do not know your core numbers, what your net worth is, then you should not be pulling a HELOC. and you should not even be thinking about it because you have no idea how much you can repay towards that HELOC. And so it's very important to have a repayment plan before opening that HELOC. And then this is one that a lot of people do. What a lot of entrepreneurs out there will do is they will take a HELOC and it's giving me a headache just thinking about it. And they will use those funds and put them in an unproven or a failing business.

24:59Now I get it. There have been some amazing business stories out there of people who maxed out the value of their home They pulled this cash from a HELOC to put it in an unproven business. But I'm going to tell you right now, there are way more stories that have never been told on a podcast, that have never been told on social media of people who have pulled a HELOC and then it's caused them to go bankrupt or they just lose their house because they used all of their HELOC funds to try to fund a failing business. I know it's emotional. I know it's tough to get through that. But if your business is failing and it has not been proven ever before, then using a HELOC does not work.

25:34Let me give you an example of this. There's two separate examples of this. Let's say you have a business that is a startup and you just got that startup going and you're thinking about using a HELOC to fund that startup. Well, instead, what I would do is I would save enough cash to make sure that you could pay for the startup, get the ball rolling and go from there. Now, the second scenario is you have a proven business. It was printing cash for years and years and years. You hit a rough patch. Let's say, for example, the tariffs really impacted your business. And so you went and realized, oh, shoot, my business is down 40 % because of the short term tariff problem.

26:08I just need to find a way to get through the next couple of months and I can get over this hump and move on to the next step. Well, that would be a reason to consider using a HELOC because you have a long term back given strategy. I still probably wouldn't do it, but it is a reason and it gives you a valuable reason to go use a HELOC because you have a history. Maybe you've been in business for 20 or 30 years. You just need to get through a little rough patch. And so there are better ways to do that. I would probably use the LLC's name, try to borrow money that way. You're still going to have to do some personal guarantees, things like that.

26:38But there are probably better ways to do that than putting your house up. And again, if you're going to utilize it for business, I would only use about 25 % or less of the equity if you're going to do that and make sure that the payments will not kill you if this all goes wrong. If it all goes wrong, the number and the calculation you have to understand is, will these payments kill me? Could I still make the payments every single month, even if I lose it all. And if you could, then okay. But if you can't, then it's very important to make sure that you are managing that debt properly. And so I would not do it.

27:07I would not take the risk. It is not worth it. And so overall, just making sure you protect yourself is going to be very, very important. So those are some of the things that I would never do with a HELOC. Listen, by the way, if you want a guide to HELOCs, we're going to link one up down below, a free PDF guide, so you can have as much of this information as possible and learn how to maximize customized HELOCs in the right way. Now let's get into some of the things and reasons why we would use a HELOC and reasons why you might want to use a HELOC, but it's pretty risky. And so we're going to talk through a couple of these things.

27:39And then after I'm going to talk about how to pay off a HELOC faster, if you have a HELOC that you want to pay off faster. So number one, and this is the main reason that I use my HELOC and I have it open, is you can use it as a backup emergency fund. So a HELOC can serve as a secondary emergency fund, allowing you to keep more cash invested while still having access to liquidity. So always, always, always, we want you to have a six-month emergency fund, okay? Always, we want you to have that six-month emergency fund. But one thing you can do with a HELOC is this just gives you access to liquid cash whenever you need it.

28:13So if you have a six-month emergency fund in place, sometimes what I like to do is I like to invest everything beyond six months of my emergency fund into a taxable brokerage account. And so that money is growing over time. And then I have a backup, the HELOC, if I absolutely need it and the market absolutely went to zero for some reason and the earth started to fall, then I have this HELOC in place that allows me to at least be able to utilize it. Now, funds are gonna be less liquid in times where you really need them. So like, for example, in a recession, banks may reduce or even freeze HELOCs just when you need it.

28:46So this is not a strategy that's end all be all, which is why we still have to have the six months of cash in place. Because a lot of times during recessions, banks get scared. They start to tighten up lending and HELOCs usually get frozen, especially in really bad recessions. And so that's something that I want you to consider. But also if your income stops and you cannot repay what you draw, the debt could compound fast. And so these are two considerations to have if you have to draw from the HELOC, but it helps you maximize investment returns while still staying protected. Now, again, I don't want me saying this and then you get the idea, no, I'm not even going to have a six-month emergency fund.

29:21My HELOC is going to be my emergency fund. I'm going to invest all my dollars. That, my friends, is not what I am saying whatsoever and it is not the way to go. You must have that six-month emergency fund in cash, in place, somewhere safe, like a high-yield savings account. That is where we need to have it, okay? Because an emergency is going to happen and you're going to have to draw from the HELOC and I don't want you to pay an 8 % interest rate because you had an emergency. Instead, you need to have the cash on hand so that you can take care of that. And then the HELOC is the backup. Now, there is nothing wrong with having flexibility and options.

29:53And so the reason for having this open is so that you can have flexibility and options. You don't have to draw from it. You don't have to use it. Now, if the bank has parameters that you have to use a certain amount or whatever else, go find a different bank that doesn't have those parameters. And so that's the number one reason why I see usefulness for a HELOC, because flexibility and options and liquidity and personal finance allows you to become a better wealth builder. And the better you are at building wealth, the faster you can achieve financial freedom for you and your family. And so having those options is absolutely fantastic.

30:24Now, where should you open a HELOC if you're considering even doing this? I like to go to the local credit union because typically their rates are better than some of these other places, but you can go where your mortgage already is. Sometimes that's easier for some folks, but I go to the local credit union and talk to them. The second reason to consider using a HELOC is to fund a value-add home renovations to increase equity. Now, there are a lot of different things and conversations to have here. I do not believe that most home renovations are going to get you back what you typically think they would.

30:54We run the numbers a bunch of different ways, and your real estate agent is going to tell you, oh, if you had a kitchen here, it's going to increase your home value. You're going to get all your money back. Oh, if you had a bathroom here, it's going to increase your home value. You're going to get all your money back. Typically, that's not the case. Typically, it'll get you a chunk of it back, a decent amount of it back, but your rate of return is never going to be over 100%. And so a lot of people think that, but the costs of renovations right now are so high that typically you are not going to get it back.

31:21So I want you to know that first, because I've run the numbers a bunch of different ways. And some of us here at Master Money have run them different ways. And we know that long term, you're most likely just maybe going to get your money back and maybe a little less. We've actually had an episode of the top home renovations with the highest ROI. And the number one was a 100 % ROI. And it was like getting a new front door, which is one of those things that obviously can make somewhat of a difference. But really, just getting your money back is kind of what you want with these renovations. And so that is something to think through.

31:53Now, if you go out and you buy a house, and you're like, I want to make renovations to this house for lifestyle reasons, I don't have a huge problem with utilizing your HELOC or using some of that home equity to do that if you can get a big chunk of it back. So let me give you an example of this. Let's say, for example, that you live in Florida and you want to get a pool. Well, pools are really, really expensive now. There's a couple of different things to think through. First, I would like for you to save up a good chunk of that in cash. But if you want to get to the point in time where summer is coming back around and you know it's going to give your kids those long, fun summers where they can utilize that pool and they can have fun in the pool, I don't have a problem with you utilizing a HELOC to do something like that if it makes sense.

32:33Why? Because if you go to the lenders of the builders of pools, their interest rates are going to be 13%, 14%. Instead, it is better to use HELOCs, which have lower rates typically than builders do, so that you can go out there and they can just tap into some of your home equity. It's going to add value to your home. And then from there, you can look at it. Now, it's not going to get the 100 % value back. You're not. You're going to be paying out of pocket for that pool. You're going to be paying out of that pocket for the new kitchen. You're going to be paying out of pocket for the new bathroom.

32:59There's going to be some portion of the money that you take out that you are paying out of pocket. You may be saying to yourself, no, no, no, no, no. I'm going to get it all back. Let me tell you right now, you're not going to get it all back, especially if you are going to live in the house for a longer period of time. This is just not going to happen. And so I want you to understand, go run the numbers if you haven't already to make sure that you understand how this works. Now, again, if you over-renovate, here's the big risks with this. If you over-renovate or because you have access to this capital now, you decide, oh, I'm gonna get the$150 ,000 pool.

33:30Well, now we have a different problem because now we are taking on debt that we did not need to take on. And so making sure that you still fit within your parameters, have some cash on hand for a down, I am completely okay with that if you wanna do that, if you're making enough money. Now, if this takes away from your retirement goals or this takes away from your investing, I'm not okay with it. So you gotta make sure that you have a balance there when it comes to your future self. A third reason to use a HELOC is you can have flexible access to cash for being bridge financing between buying and selling a home.

34:03So what can happen to a lot of people is that they will buy a house or they will sell their house. And when they sell their house, they might have a gap before they can move into the next house. And so maybe, for example, you want to buy a home. And when you buy a house, you find a dream house, okay? And you want to go buy it. But you need to sell your other house first to be able to have enough funds for the down. Well, instead of selling your other house, as long as you understand what the market is going to do there, you could use it as bridge financing. So use a small portion of the home equity for the down payment for the new house.

34:34And then you leave, move out of your house, and then you can sell your house empty so that buyers can walk in there. It's going to be a lot easier for them to maneuver through your old house and you can sell that house much quicker. Well, in that scenario, you could use this as bridge financing between those two options, and it can actually help you reduce moving costs and stress by preventing a double move. It can also help you avoid taking a rushed offer on your existing home because now you have time on your existing home to take in offers, make sure the offers make sense. And so utilizing a HELOC can kind of give you some of that extra time frame that you would not otherwise have the luxury of having.

35:10And you can use it as temporary cash flow during that transition. So as long as your home has a lot of equity in it and you're only taking a small portion of that equity, there's nothing wrong with this in my opinion. But let's look at the risks. If your old home doesn't sell quickly, you could be stuck making two house payments plus the HELOC, which is three payments towards mortgage rates. Very sticky situation. And so you got to make sure you understand the housing market and you understand the certainty that your house is going to sell at a different level. That's why I'm saying it's got to be a small portion of your equity because you still need room in case the housing market pulls back.

35:44And so you got to give yourself enough room for that to make sense. Also, it requires careful timing and a solid exit plan. So that is another one that I just want you to think through. Number four is you can utilize a HELOC to avoid a cash out refinance when rates are high. So when rates are really, really high and you want to do a cash out refinance to get some of your cash out, you can use a HELOC instead so that you do not disrupt your existing mortgage rate. So, for example, my mortgage rate right now, because I built my house in 2020, my mortgage rate is 2.7%. I will never pay that thing off for as long as I possibly can.

36:20I'm making those minimum payments. I wish they would let me make lower minimum payments. I'll do a 50-year mortgage for 2.7 % because the rate is so incredibly low. And so sometimes when people need cash, what they'll do is they'll refinance their mortgage and pull some of the equity out. Real estate investors do this all the time. If you know the BRRRR method, where you buy, rent, rehab, refinance, repeat, that is a method where a lot of real estate investors will refinance and have to refinance into a higher rate. But let's say, for example, you bought your house in 2020, but you need some of that cash pulled out so that you can do whatever else you need to do with that cash.

36:52Well, instead of doing a cash out refinance when rates are high, you can then decide to just utilize a HELOC. And this is going to help you avoid having to refinance a low interest rate loan. Now, HELOC rates are variable and could definitely climb over time. And so that is a big risk for sure. And this works best for short-term borrowing, not long-term debt. And so if you're looking for short-term borrowing, so you can do something specific, maybe you're flipping a house and you've been a seasoned house flipper, you flipped 100 houses, for example, and you need to just pull out some equity on a real estate investment in order to make sure that you can flip that house.

37:24Once you flip it, you're gonna pay the HELOC back and then keep your profits. Then you run those numbers and look at this and you say, oh, this makes a lot of sense. Then that is a great way to do it. But if it's something for long-term financing, I would not probably consider that. So number five is for advanced investors, they sometimes use a HELOC to take advantage of time-sensitive opportunities where the expected return outweighs the borrowing cost of their HELOC. So this might include things like down payments on rental properties or buying into real estate syndications or maybe short term private lending deals where they can go and use a HELOC.

37:55And that's cash they can pull in order to make sure that they can get financing done. So I have a friend who does this. They do hard money for real estate investments. And so they'll take their HELOC and they will pull out, say,$100 ,000 and give it to a real estate investor. Now, that real estate investor utilizes that loan and that loan is backed by the rental property and or the house they are about to flip. and so they take that$100 ,000 and they use it to flip the house and when they flip the house they pay them back over the course of six months and they will pay them a 12 to 13 percent interest rate their HELOC has an eight percent interest rate and so they keep that five percent delta typically and it is something that works out for everyone and so usually they make very good money doing this but it is something that can have risk if the real estate investor doesn't pay you back so again when you do something risky like this you got to make sure that you can still pay the HELOC back afterwards if something didn't go right.

38:46And so usually when they make those payments back to you slowly over time, they'll start to make payments to you and then they'll make a lump sum balloon payment at the end. If that's the case, when they're making those payments, you just got to make sure those payments are higher than what the HELOC payments are to ensure that you are a-okay there. Now, the key is to have a clear cash flow or exit plan if you're going to do this. And it is something that is for advanced investors. This is not for beginner investors whatsoever. However, it usually works best with real estate because there is some sort of security backing it and you have something that can help you through that process.

39:18Number six, this is one that we talk about sometimes, is you can consolidate high interest debt. So I don't have a problem with this at all. It's using a HELOC to pay off credit card balances or personal loans that can significantly reduce your interest burden. So let's say you're paying 20 plus interest on a credit card and replacing that with a 7 to 9 % interest rate on a HELOC is going to help you reduce the amount of interest that you're paying drastically. And with discipline, if you have a payoff plan, you can then make sure that you get this paid off, the high interest debt, and lower that interest rate down so that you have a much lower interest rate and can pay it off faster.

39:52Because a 20 % interest rate can absolutely kill you if you've ever been in the thick of it of seeing how impactful that debt can be. Now, what are the risks to this? The risks are this only works if you stop using credit cards. If you're someone who is still continuously taking on debt using credit cards, do not do this. But if you are someone who can stop using credit cards and won't build that debt back up, you just are willing to pay this off every single month. This is going to be a great option. Also, if you use a HELOC to clear debt, but don't fix underlying habits, this is also another big risk because then you're just going to start to use the HELOC as a revolving debt.

40:27And I don't want you to do that at all. Got to make sure that you were doing this properly. Number seven is you can fund a business with proven revenue. So if you have a business concept with proven revenue, that is recession proof. There's a bunch of parameters around this good management. You got good stuff in place. You have a long history. A HELOC can provide you flexible and relatively low cost to help fund growth. And so because of that, with businesses that generate income that have a history of generating income, you can have the business make your HELOC payments for you. and you can utilize a big lump sum of capital to maybe expand locations and or expand some of the business lines that you need to do.

41:01And so this is something that is much faster and cheaper than going out and getting traditional financing. You're going to have to get the financing from somewhere anyways. This is kind of the logic for business owners. And if you're going to go out there and you don't have access to SBA funds, then you can go out there and get some cheaper access than you would with business loans. Business loans typically have a very high interest rate. And so looking at this, this might be a faster way to do that if you want to go. Now, never use a HELOC to start an unproven business. Again, only use it for expansion when revenue already exists and it is very profitable.

41:30So if you have 30, 40, 50 % profit margins, then you can look into something like a HELOC, bake the HELOC into your numbers. You must calculate the cost first, but you can look at that and use that for business expansion. Now, I personally am someone who has, as of late with all the businesses that we run, I'm not a huge fan of taking on a bunch of debt for your business. Now, sometimes you're going to need a bunch of debt in order to be able to expand, but I'm not a huge fan of always doing that. And so just making sure you're cautious when you do that is really, really important. Number eight, this is something that I probably would say most of you should not do.

42:06Most of you should not do this at all. But I'm going to bring it up because I want it to be talked about so people know my opinion about this. So this one is an advanced strategy, but it's called interest rate arbitrage. And what some people will do is they will borrow from a HELOC. Let's say it's a 7 % or 8 % interest rate. and they will put it into an investment that could yield more like a 10 to 12 % interest rate. Now this can work for real estate notes like we just talked about where you can try to guarantee that as a 12 % interest rate. If it's a small enough number, I think it can make sense for things that are backed by something else.

42:38What do I mean by that? So let's say you give a note for 12 % on a rental property to someone who wants to renovate the property. Maybe they need a new roof. Maybe they need some other things. They send you the numbers. The property is cashflow, okay? If they default on your note and they have no other notes there, let's say they have it free and clear. They have no other notes, but they want to borrow the money in order to do some of these renovations. And you give them the money and they renovate it. But if they default on your loan, you get the house. Well, that's a situation where, okay, I'll do that all day long.

43:08But if there's not anything backing it, like if you're doing this in the stock market, you have no idea if the stock market is going to return 10%, 12 % or 2 % this year. And so because of that, you could have a negative return this year. And so because of that, I would not do this with stocks. This is only something that you want to do when it comes to things that are secured by another asset. Number nine is a HELOC can give you cash to accelerate deductible expenses. You need to lower your taxable income. So you can optimize your tax timing in high income years. Now, let's talk about this. You can either front end charitable giving.

43:40You can pay property taxes early or renovate your home before your end if you think you can optimize your taxes in that way. Then repay the HELOC after receiving the bonus or the tax refund. Now, this is advanced and only your CPA should be recommending this. You should not be doing this willy-nilly without talking to a CPA. But there are advanced tax strategies that you can utilize your HELOC with if you need lump sum quickly to reduce your taxable income in really high income years. And so there are wealthy people who do this where they will borrow and they will utilize that money. So in their high income years, they can reduce their tax liability.

44:11Now, this requires a working and qualified CPA and tax rules can change and misusing funds can nullify deductions. So making sure you know what you're doing is really important. But secondarily, if you overextend or guess, this strategy depends on precise timing. And so you got to make sure that you were doing this right if you're going to go that route. So most of you probably shouldn't do that, but it is something that is an option that some people think through. Also, if you can create liquidity in early retirement by utilizing something like the barbell strategy. So when early retirees, especially those with Coast Fire or barista fire often face cash flow gaps before the age of 59 and a half.

44:47A HELOC can serve as a bridge to avoid selling investments during volatile market conditions. Again, very advanced strategy, not something I would really consider for a lot of people. But instead of selling stocks during a downturn, you can borrow short term to cover expenses and repay when the market recovers. I would only do this in low interest rate environments. And I probably wouldn't do this in most scenarios. Most of you should not do this. But this approach can reduce the sequence of returns risk that happens within your portfolio if you do it right. But again, we're not market timers here.

45:18We're not people who are trying to predict the future. And so this can be a very difficult thing and a very sticky situation if you do it wrong. And so I want to make sure that you were looking at this. I just want to talk through some of the options that you have available to you. So those are 10 things that you could consider of utilizing your HELOC for. I do believe personally that everyone that has equity within their home should at least just have a HELOC open, even if they don't use it. And even if they don't, feel like they'll ever use it. Just having one open for an additional backup emergency one, nothing wrong with that.

45:47And having a financial protection plan in place that has layers and layers of capital that you can access is what really wealthy people do. And so having these layers and layers of capital that you can access when the world is falling, it's just a great decision. You probably will never use it, but if you ever do need to use it, it is great to have open. Now, if you open a HELOC and you've used it for some of the reasons that we said, don't use a HELOC. How do you pay off that HELOC faster? We're going to talk about it next. All right. So if you've reopened a HELOC and you realized it wasn't the right financial move, you're not alone and you're not stuck.

46:19What I want to do is I want to talk through how you can pay off this HELOC faster. Okay. This is going to be a really, really important concept that we need to talk through. Step one, stop using the HELOC immediately. So the first important step is to stop digging the hole deeper, cut up the checks, remove the HELOC from your online transfers or bill pay options, and mentally shift from access to equity to this is a loan that I am going to pay off as fast as I possibly can. Because if you have a HELOC and you utilized it for consumer spending, this is a pants on fire emergency. You have high interest debt that has no asset backing it, and you need to get this paid off as fast as you possibly can.

46:56And so that is something you definitely need to do. Step two is treat it like a fixed loan and not a revolving line. What do I mean by that? A HELOC is technically revolving credit, but that flexibility is partially what gets people in trouble most of the time. And so what you need to do is do not treat this like a credit card. Make sure you treat it like a structured loan with a clear payoff plan. So today I want you to create a fixed monthly payoff amount based on your current balance and realistic timeline. So for example, if you owe 18 grand and want to be done in 18 months, that's a thousand dollars plus interest every single month.

47:29So figure out what that exact number is and start paying it off. Make those extra payments. Now I want you to make these payments automatically. Make sure you have automation set up for your HELOC so that you can make these payments automatically, just like you would with a car or a personal loan. You got to make sure that you are doing that in a way that makes sense. Now, step three, as I want you to apply lump sums where you can, if you get a bonus, put that bonus towards your HELOC. If you get a tax return, put that tax return towards your HELOC. By making sure that you apply lump sums when you can, can really get this knocked down again.

48:00With that simple interest, this is going to reset every single day. And so knocking down that balance is going to reduce the amount that you pay in interest every single time you put a big lump sum in there. If you draw this thing out for the entire term, it is going to take you a long time and you're going to be paying a lot of interest over that time frame. So making sure you knock that off. Also, use biweekly payments. So if you use biweekly payments with your HELOC, you're going to make 13 payments per year instead of 12. And I really like the idea of that because then it's a way to hack your way to an extra payment and you can make a payment every single time you get paid.

48:32And you also can lower your balance more consistently through the month, which ties directly to the next final step, which is your average daily balance. And so what I want you to do is I want you to use that average daily balance to your advantage. Here's what most people don't realize when it comes to their HELOC. And you can get a strategic edge by understanding this fully. This is a very powerful concept. HELOCs charge interest based on your average daily balance for the month. And so the moment you understand this, then you can look at this and say it's not on the balance that you have at the end of the month.

49:02We talked about this at the top of the show. It is your average daily balance. So if you carry a$10 ,000 balance for the first 15 days of the month, and then you make a$5 ,000 payment for the remaining 15 days, your balance is$5 ,000. And so your average daily balance for the month is only$7 ,500 and not$10 ,000. Okay. It's really, really important to note that. And so you're only charged interest on the 7 ,500. You're not charged interest on the full 10 ,000. And this is a very important concept. So if you make those payments early in the month, that is going to be number one. is always make your payments early in the month on the HELOC.

49:34And if you're trying to balance between two paychecks and you're like, I'm going to make one big payment every month, do it early. Number two, make multiple payments if you can. Shoot, if your bank allows you to make daily payments, you're going to be better off making those daily payments than you would automatically, obviously, so you don't have to log in there every day. But even small ones throughout the month can help. Just throw in some extra cash here and there. And if possible, if you can live on half of your paycheck, direct deposit one of your paychecks into the HELOC directly and it'll start to pay that down even faster if you can live on 50 % of your income.

50:02So it depends on where your budgeting is and all that different stuff, but it is really, really important. So again, final thoughts. Stop borrowing, treat the debt like a loan, funnel every spare dollar towards it if you were in high interest debt and use the mechanics of a HELOC, especially the daily balance to your advantage. It's very different than a mortgage. And so making sure you change the way that you're making those payments is super, super important. So this is the ultimate guide of the HELOC. This is a longer episode, but on these ultimate guides, they typically end up being longer episodes.

50:32So if you guys have any questions, again, make sure you join the Master Money newsletter. Go ahead and download the free PDF down below. If you have not already, it is our guide, our ultimate guide to Helox and ways that you can use them. We talk through a little bit more. And again, Master Money Academy beta is launching very soon. All the people on the email list are getting access to the beta group currently. And then once the beta group launches, we will do a big launch to everyone. So really, really excited about that and really want you guys to get ready for that because it's gonna be a big, big deal.

51:02Some of the stuff that we're gonna be doing there. I'm really, really excited for Master Money Academy. That's where I'm gonna be spending most of my time is with you guys in Master Money Academy. So again, thank you guys so much for being here and we will see you on the next episode.

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