The Prof G Pod with Scott Galloway
Office Hours: Advice to a First-Time Home Buyer, Why did The Prof G Pod Leave Spotify in 2022?, and Putting Yourself out there After a Breakup
Dec 6, 2023
Scott shares invaluable advice for first-time home buyers, tackling the challenges of high mortgage rates and the path to homeownership. He recalls his controversial decision to leave Spotify over misinformation concerns, highlighting the importance of standing by one's values. The discussion then pivots to navigating the dating scene after a breakup, offering practical tips for rebuilding confidence and understanding the nuances of modern relationships. Tune in for insightful financial advice and heartfelt reflections!
20:35
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Quick takeaways
- The speaker advises a first-time homebuyer to avoid tapping into their emergency fund and suggests exploring first-time homebuyer programs while being patient in the property search.
- The speaker reflects on his decision to leave Spotify temporarily due to his disapproval of certain vaccine misinformation presented by Joe Rogan, emphasizing the importance of principles and being willing to sacrifice for them.
Deep dives
Considerations for Buying a House
Mariana, a listener, asks for advice on buying a house. She and her husband have saved in three different categories: an emergency fund, retirement stocks, and bonds for the down payment. However, they are unsure if their savings will be enough. The speaker advises against tapping into the emergency fund and suggests considering selling some stocks or waiting for interest rates to lower. He also mentions the increase in home prices and the challenges for new entrants into the housing market. He recommends exploring first-time homebuyer programs and being patient in the search for a property.
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