In today's episode, Matthew Pillmore, president of VIP Financial Education, dives into how he was able to retire using just one HELOC (Home Equity Line of Credit) — but did he do the right thing? Matthew utilized a popular Debt Weapon known as a Home Equity Line of Credit to purchase what he coined a "Lifestyle Asset" — a Lifestyle Asset is an asset that fits into your lifestyle design while also producing cash flow. This Lifestyle Asset Matthew purchased was a house in Buena Vista, Colorado — one that would be his primary residence AND a cash flow producing asset through short term rentals on VRBO. Matthew's Lifestyle Asset has not only paid for itself, but it has also paid for his retirement lifestyle and MORE... So what went wrong? Well, from the looks of it, nothing...just take a look at the June and July numbers he shows in this video—they're astounding! All that said though, as Matthew looks back, he thinks he went about his short term rental strategy in the wrong way. In the episode we also cover the ways he WISHED he went about his short term rental strategy, utilizing techniques like rental arbitrage and Airbnb partnerships as taught by BNB Bootcamp pro's Michael & Katrina Stead — who also joined on the episode to discuss those strategies, their pro's and con's, and how to get started in the short term rental and Airbnb business in 2021! Michael and Katrina Stead have created the BNB Bootcamp in order to help folks replicate the Airbnb success they've seen - success that has produced $2,000,000 in just two and a half years!! This type of vacation rental business model is sure to change some lives!! Find out if this is a good fit for you and your family by emailing Michael and Katrina at: ► ** bnbbootcamp@vipfinancialeducation.com ** Please include your name & phone number in your email and 'VIP Conversation' in the email description. Thanks again to Michael and Katrina for bringing this amazing content to the channel! Dive deeper into the Airbnb Arbitrage Business Model: MILLION DOLLAR AIRBNB BUSINESS MODEL (Rental Arbitrage 2.0) ► https://www.youtube.com/watch?v=VnOVicsT_ns Short Term Rentals 101 | How To Start Airbnb Business ► https://www.youtube.com/watch?v=37sSeUAwjaI Short Term Rentals Can Make You Rich! (Why I LOVE Rental Arbitrage!) ► https://www.youtube.com/watch?v=oIQU5ZCNGwo Check out some testimonials of the BNB Bootcamp $43,000 IN THE FIRST MONTH!? Airbnb Arbitrage 2.0 ► https://www.youtube.com/watch?v=LdGZwC67m_U $3,000 MORE in Airbnb CASH FLOW IN HIS FIRST MONTH! (Rental Arbitrage PERFECTED) ► https://www.youtube.com/watch?v=BYk3Vu4-fAs Timestamps: 0:00 - Intro 4:32 - How A HELOC Retired Me 8:06 - My AIRBNB Income For June & July 13:48 - The Better Way… 15:39 - Pros React To My HELOC Retirement Strategy 19:21 - What I Wish I Had Done… 31:21 - Airbnb Arbitrage - ACTUAL Example 35:50 - Airbnb Partnership - ACTUAL Example 42:08 - If I Lost Everything Tomorrow… Get coached one-on-one by Matthew Pillmore: ► http://www.FreeCoachingCalendar.com/ FREE Cash Flow Cruncher budgeting spreadsheet: ► http://www.cashflowcruncher.com/ Want more actionable financial tips and tricks like this one? ► null Instagram - https://www.instagram.com/vipfinancialed/ LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as "VIP Financial Education") are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided 'as is' and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content. #HELOC #LifestyleDesign #WhatIMakeFromVRBO #AirbnbBusiness