I did it guys. I took out a HELOC for $70k and bought $65k worth of bitcoin! Some of you would call this dumb, insane, whatever. Below is my logic:
- I have 6 months of "emergency" fund already.
- I can comfortably afford twice the minimum payment (starting in February I will be increasing this to over 4x)
- Also in February, I will also be increasing my mortgage payment by 58%, adding that directly to principle.
- By June '26, I will have the HELOC paid off. I will see what the situation is like at that time, but the plan is to take out another HELOC for $140k (increased equity in home due to lower mortgage balance and appreciation).
- By March of 2029, I will have my home AND the second HELOC paid off. I will again reassess and either take out another HELOC or do other life things.
https://preview.redd.it/ecphqm1190jd1.png?width=441&format=png&auto=webp&s=4b5ec693962451d1875ee8565cc1400774dea37e
As a side note: I also get yearly bonuses and RSU's vesting that when they hit, I am putting it all on my HELOC/Mortgage (50/50 split) to speed up the above process, and the reason I can accomplish 2 HELOC's and house paid in 5 years.
