Wealth and Wisdom Together®

53. Eradicating The Stigma of Renting

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Many people believe that progress and wealth are only shown by owning a home. Whether it be land, property, or even financial assets, there’s a stigma that ownership usually signifies whether someone has “made it” in life.

We want to flip the script and change the narrative regarding owning vs. renting, and this week on The Abundant Living Podcast, we’re talking about eradicating the stigma of renting.

Deciding to purchase a home should be very strategic and consider your lifestyle, financial health, and personal goals! Just because someone decides to rent doesn’t mean they're less capable of attracting or achieving wealth, wisdom, or abundance.

Let’s Embrace Abundant Living:

2:45: The History Of Home Ownership

8:50: The Societal Stigma Around Renting

11:50: Avoid Becoming House Poor

14:20: The Difference Between Renting and Owning

18:30: Why Renting Is Beneficial

24:30: Eradicate The Stigma Of Renting Yourself

Eradicating The Stigma of Renting Takeaways
  • “Home ownership is a crucial element in wealth building.” - Willa Williams
  • “The Wisdom of the Lord is what is needed to establish the foundation to support the lifestyle you desire.” - Willa Williams
  • “Approximately 9 out of 10 Americans equate homeownership with personal success and economic security.” - Willa Williams
  • “Don’t put yourself in a position where you’re house poor.” - Weslia Echols
  • “The rental market really is changing right now.” - Willa Williams
  • “Renting alleviates you from having to invest in the maintenance and upkeep of a home.” - Weslia Echols
  • “You have the power to eradicate the stigma of renting yourself.” - Weslia Echols
  • “If you’re investing as a renter, you may end up building wealth quicker, than you would possibly owning a home.” - Weslia Echols

    • This episode is brought to you by Trinity Financial Coaching, where we aim to guide you through a financial transformation with grace and ease so that you can manage money confidently, live life purposefully, and build wealth intentionally! To craft your personalized financial blueprint and learn more about financial coaching and how it can impact your finances, download our FREE Five Step Guide to transform your finances: https://www.mytfcoach.com/blueprint

    Let’s Connect

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    Wealth and Wisdom Together®By Willa Williams and Weslia Echols