The Best One Yet
BONUS 💰 “The Money Pod” — Our Best of the Best money stories for 2024
Jan 2, 2024
Aretha Franklin, the singer who taught us the importance of having a will, discusses the top 3 money stories of 2023 - renting vs buying a home, the debate over her estate, therapy, life insurance, and high-yield savings accounts, and the benefits of a higher interest rate. Plus, vacation stories and ad-free listening.
18:21
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Quick takeaways
- Renting is a financially responsible option in the current housing market, offering flexibility and avoiding high interest rates and rising home prices.
- Having a well-planned estate is crucial to avoid family disputes and ensure assets are distributed as intended, as highlighted by Aretha Franklin's case.
Deep dives
Renting vs Buying: The Housing Dilemma
The podcast discusses the question of whether to rent or buy a home. With mortgage rates remaining high and home prices increasing, renting is currently a more financially responsible option. The average mortgage payment has doubled in the last three years, making it difficult for many to afford owning a home. Renting offers flexibility and avoids the financial burden of high interest rates and rising home prices. The takeaway is that there is nothing wrong with renting, especially in the current housing market.
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