Real estate agents and mortgage brokers meet in a dark alley, oh, my goodness, and they decide how to get the messaging right. So when people say that rent is throwing money away, what they arge in order to back up that claim is that, number one, rent is an expense, while mortgage s build equity. Number two, rent is forever, while mortgages end. And number three, renters don't benefit from rising home values, whereas home owners do. Those are the arguments that support the myth that renting is throwing time away.
#399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned?
Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value…but he is still wondering if there’s a chance that he should sell.
Meisha is making more money at her new job but can’t contribute to her 401(k) for the first six months - what should she do with her extra money in this interim??
Kyria is a young investor with multiple goals: she’s wondering how to best save for a downpayment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side.
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode399
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