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 --------- Ready to find the right contractor for your next project? Visit angi.com to connect with top-rated pros in your area. Learn more here: https://www.angi.com/own-it-with-angie-hicks-podcast/