Ramsey Everyday Millionaires Should I Pause Retirement To Save for a House?
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Mar 12, 2025 Discover how a couple navigates the financial challenges of buying a home while ensuring their stability. They share the importance of managing expenses and investments, along with prioritizing mental well-being during this transition. The hosts delve into the emotional aspects of financial decisions, emphasizing family over money. They suggest postponing major choices during pregnancy and discuss smart investment strategies, particularly in high-yield savings and money market funds. Tune in for practical tips to balance home buying and financial peace!
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Mortgage Advice
- Avoid increasing mortgage payments to 50% of your income.
- Consider the long-term implications and potential regrets.
Reaching 25% Mortgage Target
- Explore options to reach a 25% mortgage payment target.
- This could involve pausing investments or saving for a larger down payment.
Prioritize Peace
- Prioritize peace of mind over maximizing ROI.
- Consider what brings long-term stability and flexibility for your family.