Ignition to Wealth

In Today’s Episode

Eric and Brandon finish their discussion on buying a house.  Today, Eric and Brandon debate which is better: renting or buying.  It’s Eric vs. Brandon as they provide their arguments for renting and buying a home.  Sometimes in real estate, the answer might be more fluid than you’d think

What You’ll Get Out of Today’s Show

• The Pros of Buying a Home
• • Freedom
  • The house is yours after the mortgage
  • Investing in a physical asset
  • Building Equity
  • Potential tax benefits
• The Pros of Renting
• • Saving money on interest and taxes
  • No need to worry about maintenance and repairs
  • Short term flexibility

Links Mentioned in This Episode

https://www.cnbc.com/2018/08/09/millions-of-millennials-are-locked-out-of-homeownership-heres-why.html

https://www.marketwatch.com/story/why-it-makes-more-sense-to-rent-than-buy-2018-01-11

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In Today’s Episode

Eric and Brandon continue the discussion on buying a house! Have you looked into purchasing a house in this crazy sellers market? Have you felt overwhelmed with the overabundance of information about buying a house? We’ll help break it down into bite sized pieces for you! Today the guys talk about some important things to keep in mind and some rules of thumb to follow!

What You’ll Get Out of Today’s Show

• HOA fees and why they’re important to keep in mind
• What the heck is going on with Lumber prices?
• How to increase resale value
• • Location, location, location
  • House flipping
• The importance of keeping a fully funded emergency fund
• Utilizing future vision thinking
• The rules of thumb about total debt and total house payments
• Rules of thumb on home affordability and purchase price:
• • 28/36 rule
  • 30/30/3 rule
  • 32% rule
  • 40% rule
  • 2.5 X rule

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

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Subscribe to the podcast 

Leave us a 5 star rating and written review

In Today’s Episode

Eric and Brandon discuss the very hot topic of buying a house! Have you looked into purchasing a house in this crazy sellers market? Have you felt overwhelmed with the overabundance of information about buying a house? We’ll help break it down into bite sized pieces for you! Today’s episode is on prerequisites!

What You’ll Get Out of Today’s Show

• Where your credit score should be while looking for a house
• What your down payment number should look like based on your specific situation
• What an FHA loan is 
• What PMI is and how it pertains to a loan
• Interest rates and what part they play in valuation
• Debt-to-income ratio and where it needs to be to qualify for a good loan
• The basic steps to get pre-approval 
• How important a good realtor is

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

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Subscribe to the podcast 

Leave us a 5 star rating and written review

In Today’s Episode

Eric and Brandon continue their conversation about asset allocation! This episode provides some best practices to utilize when determining your asset allocation after learning your risk tolerance. 

What You’ll Get Out of Today’s Show

• Things to consider when figuring out your asset allocation
• Types of assets
• • Stocks
  • Bonds
  • Money Market Accounts
• The best way to utilize diversification
• Best practices for allocating your assets
• • Examples based on your risk tolerance
  • What rebalancing is and how it applies to your portfolio

Links Mentioned in This Episode

ignitiontowealth.com/risk-tolerance

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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The Extra Spark series is here to answer our listener questions and provide extra insight into the world of finance.  Today’s segment is on Auto-Enrollment! 

Links Mentioned in This Episode

ignitiontowealth.com/risk-tolerance

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

Sign up for our email list

Subscribe to the podcast 

Leave us a 5 star rating and written review

In Today’s Episode

Eric and Brandon discuss the very important topic of asset allocation! Have you ever looked into investing and not known where to begin after figuring out your risk tolerance? Well give this episode a listen because we break down the next steps after knowing your risk tolerance, and some tips to get you started on allocating your portfolio!

What You’ll Get Out of Today’s Show

• Things to consider when figuring out your asset allocation
• Types of assets
• • Stocks
  • Bonds
  • Money Market Accounts
• The best way to utilize diversification

Links Mentioned in This Episode

ignitiontowealth.com/risk-tolerance

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

Sign up for our email list

Subscribe to the podcast 

Leave us a 5 star rating and written review

The Extra Spark is here to answer our listener questions and provide extra insight into the world of finance.  Each segment of The Extra Spark aims to provide additional knowledge as requested by our listeners! 

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

Sign up for our email list

Subscribe to the podcast 

Leave us a 5 star rating and written review

In Today’s Episode

Eric and Brandon discuss the shining topic of precious metals! The guys talk about the modern history of gold in the United States and some ways to invest in precious metals. The main metals that are discussed are Gold, Silver, Platinum, and Palladium.

What You’ll Get Out of Today’s Show

• What a safe haven asset is
• Why precious metals don’t correlate with the stock market...usually
• How to invest in precious metals
• • ETF’s
  • Physical metals (bullions)
• Risks associated with investing
• Our opinions on how to invest in precious metals and the strategy we would use

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

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Subscribe to the podcast 

Leave us a 5 star rating and written review

In Today’s Episode

Eric and Brandon finish up part two on how to buy a car! Join us as we talk about some tips and tricks for buying a car. We’ll also touch on leasing a car as well. Don’t feel overwhelmed with the thought of buying a car ever again!

What You’ll Get Out of Today’s Show

• Explanation of depreciable assets
• Other things that could impact vehicle price
• • Maintenance fees
  • Age of vehicle
  • History of vehicle
• Some reasons you can make a case to buy new
• Leasing
• • What it entails
  • What to have in preparation 
  • Some “non-negotiables” going in
  • • 20% down payment
    • Don’t finance fees and taxes
    • Shorter terms are best
  • Why leases shouldn’t be your first choice but do have a purpose

Links Mentioned in This Episode

kbb.com

carfax.com

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

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In Today’s Episode

Eric and Brandon discuss part one of a two part series on how to buy a car! Join us while we break down what to look for and how to come up with an affordable number for your situation. There’s no reason to feel overwhelmed after today’s episode!

What You’ll Get Out of Today’s Show

• Bust some common myths on our Fact or Fiction segment
• Talk about a few different methods to come up with how much car you can afford
• Share our personal vehicle purchase stories and our opinions on depreciable assets

Links Mentioned in This Episode

ignitiontowealth.com/resources

ignitiontowealth.com/tools

ignitiontowealth.com

If You Want to Support Ignition to Wealth

Sign up for our email list

Subscribe to the podcast 

Leave us a 5 star rating and written review