This week’s theme on the Retirement Quick Tips Podcast is: Top 5 Money Traps To Avoid

Today, I’m talking about money trap of timeshares. Despite hearing horror stories about timeshares and learning as a kid even that these are money traps, I am still continually surprised by how often I hear about a client or a friend or just someone I know who has a timeshare. And usually I only hear about it when they’re trying to get out or they made a mistake buying in the first place after they succumbed to the hard sell in exchange for the free round of golf.

Here are 10 reasons, according to Nolo.com, why timeshares should be avoided:

https://www.nolo.com/legal-encyclopedia/top-ten-reasons-think-twice-before-buying-timeshare.html#:~:text=But%20read%20the%20fine%20print,can%20 foreclose%20on%20your%20 timeshare. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.    

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance