This excerpt from Borrow Smart Repay Smart  by Todd Ballenger presents a comprehensive strategy for managing personal finances, particularly concerning homeownership. The text emphasizes viewing a house as a long-term investment, analyzing it through the lenses of safety, liquidity, and return. It introduces a seven-step process for smart borrowing decisions, considering factors like loan products, payment types, and available credit. Furthermore, the book stresses the importance of financial discipline, diversification, and leveraging home equity for wealth building while also examining the tax implications of homeownership. Finally, it encourages readers to create a financial team to support their long-term goals.

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