WHY EVERY 50 YEAR OLD NEEDS A HELOC - Home Equity Line of Credit

[@danlopez.3592]

This show is the equivalent to why we slow down and watch traffic accidents on the highway.

[@BuckieBoy-l2r]

Exactly. No matter how bad life is , it’s better then this guys life

[@trusty099]

Are you unemployed, over 50 with a house? Want to be unemployed, over 50 and homeless? Follow this advice!

[@BobbyDazzler888]

Why does only one 50 year old refuses to remove his head warts?

[@mrlume9475]

undeveloped fetus!

[@duck2h465]

I believe the politically correct term is "horns"

[@mikerowe3849]

Because he's horny?? haha!

[@beerkegaard]

Horn removal the only sensible purchase from a 50 year old's heloc

[@maxrebo8455]

@@duck2h465He’s the Devil in disguise.

[@exvan3571]

What if my house is paid off? Should I HELOC the entire equity amount to buy Squales?

[@romanmichaelhamilton8729]

No, I would buy a store full of Richard Mille watches, LOL. :-)

[@Craig-yb1ln]

YES !! or Casios and Seikos my good man!

[@JohnnyDouchbag-nr5yf]

Every 50 yr old man needs a Hermes purse and a fake solid gold Rolex!!!

[@Resmith18SR]

I've got half of that, the fake gold Rolex. 😂

[@discount8508]

this is why every 50 year old shouldnt take a 5 year olds financial advice 👶

[@abmorose6531]

😂

[@BuckieBoy-l2r]

Invest in baseball cards

[@1GrandMaster1]

HELOC is a last resort, it's not free money and you accrue interest on the balance. It is better than credit card or loan shark but a good chunk of people will have savings, investments or liquid assets to use during down periods. In your case, more sensible to sell a watch or two.

[@themagpie_1]

how can someone have no saving..? especially in your 50s.

[@marcandreasson87]

yep selling my watches.

[@maxrebo8455]

@@themagpie_1 Not having a regular salary since the mid-2000s?

[@d.fenestrator9529]

Every man needs a HELOC to pay for the month's Hunger Busters.

[@Kovalainenn]

First I acquired a double-storey apartment. Accomplished all constructions and renovations. Then I got another two bedrooms flat - to rent it out and keep as a starter for my kids. Keep investing into my own IT company business. Buying only 3-4 y.o. BMW 5 series and wearing humble Breitling SOH2 on my wrist. Thanks god I’ve never listened your advices😂

[@AJ-zf8tu]

Why every broke person needs a heloc.

[@BuckieBoy-l2r]

Great time to borrow , homes at all time high and about to fall , and interests at an all time high in countries like the USA . Perfect time for a loan like this 😂🎉😊

[@DisabilityExams]

Every 50 year old needs a Blue Velvet gig

[@exvan3571]

Damn you won the internet w/this comment

[@BobbyDazzler888]

Starchies got holes and skids on his undies. Blue velvet for his sunday kfc feast table cloth.

[@leeback2007]

@@exvan3571

[@leeback2007]

@@exvan3571

[@leeback2007]

@@exvan3571

[@mikerowe3849]

yes until you can't pay it back and you lose your house and then start living in a tent!.. Can't wait for that video.

[@ComeOnPelican91]

Glad I sat through to the end.

[@johnjohn-br9bz]

Hey archie i went to your local brothel and they asked do i want the archie special?

[@mickyfinn9331]

Yes they pull out an Explorer 2 and you go into raptures of pleasure

[@Craig-yb1ln]

@@mickyfinn9331 what do they pull the Explorer 2 out of? I dread to think...

[@mickyfinn9331]

@@Craig-yb1ln 😂

[@Nae395]

Yes that's when she spews a whole dominoes meat lovers all over you.

[@Resmith18SR]

LadyBoy 3 Some. 😂

[@discount8508]

hair by Hemlock 😵

[@zacksalvatore9443]

Archie what happened to the suits? Where the class

[@discount8508]

Id rather take HEMLOCK than your HELOC advice

[@MadMan-cp6tn]

"use it for sensible things" - like buying unsellable shitters and nasty bmw?

[@canuckwatchcollector8664]

Real luxury advice in here

[@jmp01a24]

Archie: Did you do something you regret? Like buying that car during covid? 5-year loan? So now you're going deep and getting a Home Equity Line of Credit? Is that it?

[@bc6806]

Pure 💩

[@farqitol]

Yes and that's just his head.

[@ericbird1760]

A HELOC doesn’t allow you to access your equity. If it did, you wouldn’t need to pay it back. The best way to access equity is to sell your home, buy a cheaper one, and pocket the difference.

[@Craig-yb1ln]

His family are accountants, he's either soft in the head or just creating click bait topics for more replys hence more You Tube revenue, he maybe smarter than he looks.

[@beerkegaard]

@@Craig-yb1ln the answer is "soft"

[@Nae395]

I don't think he cans ell his house as its a partial welfare house owned by gov

[@mickyfinn9331]

Terrible advice. Oh wait. Yep… take the money out run off to Asia and leave the wife and kids with the debt. NPD financial strategy at it’s finest

[@guillermoalto4803]

52 is not middle-aged. Middle-aged is like 42. 52 is pre-elderly.

[@BuckieBoy-l2r]

35 is middle age . 70 is past most people’s life expectancy

[@NeverHaveKids]

Brilliant, swap unsecured debt for debt secured with your only appreciating asset. Next up: how to invest your pension into Beanie Babies.

[@ntag411]

When I'm doing stuff, liking making my cigs, this is my favorite rant channel to listen to. Hale the Pontiff! 😲

[@BuckieBoy-l2r]

Wow sharing the secrets of failure. The generosity of this man has no end 😂

[@willthatsall]

Archie is threatening to usurp Dave Ramsey’s audience…

[@exvan3571]

AC3 couldn't possibly simp that much

[@rolexandrealestate]

Some good advice here Arch 🐉

[@Nexus.Achiles]

Problem with HELOC is it's yet again another debt. Another charge on the house. If you can't pay it back, you lose your equity on the house. If you're 50 without a job and you can no longer pay the mortgage, you've got to sell the house, get your equity back and rent an affordable flat.

[@maxrebo8455]

A couple of years late to be suggesting this. A no-brainer when employed and these loans were under 2%. I’ve already paid mine off with the proceeds of the rental property I sold from getting this loan originally - with a couple of sweet watches the car and two new bathrooms.

[@spiegelburg]

I heard David SW has a HELOC programme.

[@guillermoalto4803]

Sell the house period. Take your money and run.

[@wgnhsr]

@Archie, you are not signed in to KZbin in that browser, that’s why you get commercials

[@jdwxflyer]

There IS no ‘minimum mortgage payment’. There is THE mortgage payment.

[@Nae395]

Only ever buy a car with cash ola. And to be able to afford the depreciation. Who borrows to buy a car? FMD

[@melbournechugging2999]

Why Archie needs ladyboys

[@Nae395]

That shitter BMW loses $500 value per month, as you know.

[@malthus101]

and what if you don't have a house? lol

[@danlopez.3592]

Use an Emergency fund. Not a Heloc.

[@Makingnewnamesisdumb]

Why couldn't a heloc be an emergency fund? As long as you use it sensibly and mostly for home related emergencies there's nothing wrong with it.

[@danlopez.3592]

@@Makingnewnamesisdumb because an emergency fund is cash set aside for emergencies not a loan that must be paid back with interest. Defeats the purpose. Why not just have the cash

[@Makingnewnamesisdumb]

@@danlopez.3592 why not just be a billionaire?

[@danlopez.3592]

@@Makingnewnamesisdumb that’s a better option than not having cash set aside for emergencies. At least your comments are becoming wiser.

[@maxrebo8455]

@@MakingnewnamesisdumbI have a 30k equity account that’s linked to one of my investment properties. I've barely touched it - and pay back with negative gearing - it can work when you’re in a pinch such as your water heater crapping itself.

[@-Derp-]

Arch has no business giving financial advice, nor anyone else on YT.

[@BuckieBoy-l2r]

Exactly

[@Floodland-bn3ol]

He should take a job as a food taster at Bear's hotel.

[@BobWillem]

Archie is a current day Jesus Christ

[@dippin1523]

a nice long video

[@AlmightyNOG]

Ooof money management is not a strong suit of this channel.

[@Nae395]

Where is the Chyna wife gone?

[@gaymondlee7198]

archie owns a house?

[@Nae395]

It's an ex welfare house

[@dippin1523]

Thailand.... Vietnam..... hmmmmm

[@themagpie_1]

The economy is changing, monies arent coming in. answer? borrow money at stupid levels of interest. why? well, why not. Funding your lifestyle with DEBT is groovy..

[@Craig-yb1ln]

His family are accountants, he's either soft in the head or just creating click bait topics for more replys hence more You Tube revenue, he maybe smarter than he looks.

[@themagpie_1]

​@@Craig-yb1lnI think he has money and other passive incomes. All this channel revenue funds his lifestyle. It's all a con. Or shtick, depending on your observational skills.

[@Craig-yb1ln]

@@themagpie_1 I think your correct, he certainly has no style and all the e begging is about as low as you can get. No wonder the wives lose respect for him.

[@JohnnyDouchbag-nr5yf]

Max out all credit lines to buy a sweet life saving Rrrrrrrrrolecks