SCOUT· 54%2h 06m·2026-08-13·MoneyLive Life With Less Financial Stress
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What people are saying
“In regard to the first call - you pay taxes on the increase in value of the house. The amount of equity you have in the house has zero effect on capital gains tax. It's simply what you sell it for minus what you bought it for - that's what…”
“They totally missed the first call and the capital gains tax. The tax is on the profit made. It doesn't matter whether you pay it off or not. You look at the difference between price paid and price sold.”
“This video remind me how my life completely turned around, I hit $1M today, two years ago, I was sleeping in a basement apartment with zero savings and mounting debt. I stopped chasing 'get rich quick' schemes and started focusing on risk m…”
“First call….Neither John nor Rachel understood the issue. Whether the house is paid off or not has nothing to do with capital gains you’ll have to pay if you sell. Dave, time to replace Ken with an attorney with expertise in real estate, wi…”
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