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Money Guy Show
Should You Help Your Kids Buy a House?
Nov 1, 2023
Exploring the pros and cons of parents helping their adult children buy a house. The importance of generosity in financial planning. Navigating employee stock purchase plans and diversifying portfolios. Understanding monthly expenses and loan payments for owning a house.
20:29
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Quick takeaways
- Parents should consider their adult children's level of maturity and financial understanding before deciding to help them buy a house.
- Incorporating generosity into financial planning early on can lead to personal growth and better financial decision-making in the long run.
Deep dives
Parental Financial Support for Home Buyers Under 30
Many home buyers under 30 are receiving financial help from their families for down payments. Whether parents should help financially depends on the maturity and financial understanding of the child, as it can be both beneficial and detrimental.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode