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Episode 2621:
James Altucher brings a critical perspective to the topic of home ownership. He challenges the conventional wisdom of buying a house, citing personal financial losses and the stress associated with selling properties. Altucher urges potential buyers to consider the hidden costs and risks of owning a home, emphasizing that it's not just an investment but also a significant responsibility. He outlines a checklist for those adamant about purchasing a house, highlighting aspects like maintenance, understanding real costs, and having substantial financial reserves.
Read along with the original article(s) here: https://jamesaltucher.com/blog/five-things-you-need-to-know-before-buying-a-house/
Quotes to ponder:
"The white picket fence is the prison bars."
"Be an explorer, not a prisoner."
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2652: Six Secrets of a Credit Score by J Money of Budgets Are Sexy on Payment History & Financial Habits
2651: How to Not Panic by Nick Maggiulli of Of Dollars and Data on Financial Stability & Historical Parallels
2650: 8 Edits for a Simpler Better Life by Lisa Avellan of No Sidebar on Minimalism, Simplicity & Intentional Living
2649: 4 Different Types Of Investments Beginners Should Know About by Courtney Luke of Arrest Your Debt
2648: [Part 2] Could You Be Saving Too Much Money? by Jessica Jokisch of ChristineLuken.com
2647: [Part 1] Could You Be Saving Too Much Money? by Jessica Jokisch of ChristineLuken.com
2646: 401(k) Loans: What Are Their Pros and Cons? by Amanda of Women Who Money on Financial Planning
2645: How To Make Time Equal Money 24 Hours A Day by Steve Chou of My Wife Quit Her Job
2644: Making The Case For Higher Pay - Why 3 Percent Raises Suck by Chris Reining
2643: What Type of Investment Account Do I Open? by Robert Farrington of The College Investor
2642: 6 Simple Ways to Create Alone Time in a Crowded Room by Liz Greene of Introvert Dear
2641: How To Talk To Your Kids About Money & Prepare Them To Be Financially Independent Adults by Christina Browning of Our Rich Journey
2640: Proof You Can Royally Mess Up with Money and Still Retire Early by Lisa Harrison of Mad Money Monster
2639: Questions to Ask When Applying for a Loan by Jeff Rose of Good Financial Cents on Financial Decision
2638: Breaking the Stress Spending Cycle by Kristin Wong with Get Rich Slowly on Emotional & Conscious Consumerism
2637: Are Those Golden Handcuffs On Too Tight? by Helene Massicotte of Free to Pursue on Financial Independence & Freedom
2636: Understanding 401k Loans by Mike Ballew of EggStack on Double Taxation & Financial Ruin
2635: Money Can’t Buy Happiness (Trust Me, I’ve Tried) by Jane Hwangbo with NoSidebar on Consumerism
2634: The Foodie's Guide to Getting Fit by Rachel Trotta on How To Identify Your Relationship with Food
2633: How to Save Money by Spending Money on Yourself (No, Really) by Charlie Johnson with JackieBeck.com
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