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When Your Home Is Bigger Than Your Bank Account

When Your Home Is Bigger Than Your Bank Account

Released Monday, 29th January 2018
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When Your Home Is Bigger Than Your Bank Account

When Your Home Is Bigger Than Your Bank Account

When Your Home Is Bigger Than Your Bank Account

When Your Home Is Bigger Than Your Bank Account

Monday, 29th January 2018
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When we think about the "American Dream" buying a home is certainly a core element. At least that's what I've been told. However, far too often I find people getting tempted into buying a home that's way too big for their bank account because society says, "you should buy a house you can grow into." I can tell you first hand that is a dangerous statement. When your home (or your mortgage payment) is bigger than your bank account the risks can far out weight the benefits. On This Podcast Episode:

Let's discuss the dangerous of buying a house bigger than you need

How to define your ideal home

What are some factors you should consider to buy the right home for you

How can you balance your goals with your mortgage payment

Life lessons I learned from the all too real lifestyle creep

Why you need to make smart home buying decisions (and how to correct not so smart ones)

Links Mentioned:Wall St. Journal Article

Thanks for Tuning In:Thanks for tuning in to listen to this episode of Millennial Money. Every listen means so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

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Disclosure:The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Everyone's Talkin' Money

Want to know the secret to financial success? It’s talking about the other side of money. Get this - money decisions are 90% emotional and 10% how-to (yep, that’s why you emotionally spend). So, if you’re ready to get financially unstuck and transform your money, you’ve got to do it from the inside out. Everyone’s Talkin’ Money, named a Top 4 Money Podcast by The New York Times, is the podcast you’ve been looking for. Join Shannah Game, a Financial Expert, Certified Financial Planner, and Certified Trauma of Money Specialist, every week for episodes where we talk about all sides of money – how to create real and sustainable change so you can start living the life of your dreams & stress less about money. Everyone’s Talkin’ Money is not your average personal finance podcast, in case you haven’t noticed. You won’t hear finance bros shame you for your money decisions or be left behind by confusing acronyms. You will get raw, honest, open conversations about money from amazing guests ranging from money experts, entrepreneurs, artists, comedians, mental health experts, authors, and everyday humans, all here to help you on your financial journey. Whether you’re looking to pay off debt, tackle your student loans, save to buy a house, figure out how to afford your dream vacation, start a side hustle or a business, learn the secrets behind investing and building wealth, or ready to finally shake off anxiety, fear, shame, blame, and judgment around money, you’ll find the answers to it all on Everyone’s Talkin’ Money. At the very least, you’ll leave each episode stressing less about money (and that’s pretty priceless).

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