Borrowing to Invest – HELOC

Caregiving can cost much more than the investment of time and energy caregivers share with their loved ones suffering from Alzheimer’s or other dementia disorders. Oftentimes loving caregivers dig deep within their own pockets to supply resources their loved one cannot afford for themselves. I’m sharing this wise investment advice from my husband knowing that there are many family care givers who have risked their own financial resources to care for a parent.

A potentially risky decision that some caregivers make is to take out a home equity loan in order to pay for nursing home and caregiving expenses. By no means am I suggesting by sharing this article that we should ignore the needs of ailing parents and loved ones; rather, that we should all give careful consideration to planning for the uncertainties of the future so as to avoid risky financial decisions which may haunt us for a lifetime.

Source: Borrowing to Invest – HELOC

Author: barefootlilylady

Wife of one, mother of 2+2, and Grandma of 6 (3 girls and 3 boys!) and full-time caregiver for my sweet Momma with Alzheimer's. Passionate about Jesus, grandkids, Awana Clubs, gardens, quilts and cooking.

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