Wealth Minded MD

Is it better to buy or rent?


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Deciding whether to buy or to rent can be complicated, but with a tailored approach, it becomes much smoother. In this episode, explore the personal factors to consider for your next housing move—from assessing life stability, managing debt, to readiness to settle, this episode provides valuable insights to make your decision-making process a breeze. Get ready to uncover where you fit on the spectrum of renting versus buying. After all, it's definitely not a one-size-fits-all decision!

 

[00:03:05] Brittne juggles her expanding to-do list, while Lisha rocks the sports conference scene

[00:11:02] How Lisha ended up paying more while trying to save on airport parking fees

[00:23:38] Stability check: What makes you a good candidate for a home purchase

[00:28:55] Advantage of renting first before buying

[00:31:52] Flexibility of renting rather than buying

[00:32:49] Understanding your personal finance persona portfolio

[00:34:38] Evaluating debt and financial readiness for a mortgage

[00:38:02] The significance of financial safety net when buying a house

[00:43:10] Timing matters for your next housing move

[00:48:54] Lisha's tab tales paying for fellows’ drinks and Brittne's mommy magic with birthdays and dance recitals

 

🎉This episode is sponsored by PKA Insurance Group, Inc. - Helping you find the best value with personalized insurance solutions. Reach out to PKA Insurance Group to discuss your disability or life insurance needs by calling +1 800-258-1018 or emailing [email protected].

 

Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query.

Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Starter Kit.

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Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us.

 

Wishing you a fantastic week ahead and happy wealth building!

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Wealth Minded MDBy Drs. Lisha Taylor and Brittne Halford

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