Summary
In this episode of the Millennial Money Canada podcast, hosts Guillaume Girard and Sam Lichtman discuss the evolving landscape of financial planning and real estate investment from the perspective of millennials.
They share insights on their business journey with Millen Wealth Advisors, the challenges millennials face in the current real estate market, and the importance of financial literacy. The conversation highlights the disparity between income growth and rising real estate prices and the necessity for millennials to adapt ...
Summary
In this episode of the Millennial Money Canada podcast, hosts Guillaume Girard and Sam Lichtman discuss the evolving landscape of financial planning and real estate investment from the perspective of millennials.
They share insights on their business journey with Millen Wealth Advisors, the challenges millennials face in the current real estate market, and the importance of financial literacy. The conversation highlights the disparity between income growth and rising real estate prices and the necessity for millennials to adapt their wealth-building strategies. In this conversation, Guillaume Girard and Sam Lichtman explore the complexities of homeownership versus renting, emphasizing both financial and non-financial aspects.
They discuss the true costs associated with owning a home, the value of real estate, and the potential for wealth building through different asset classes. The conversation also highlights various tools available for first-time homebuyers in Canada, ultimately encouraging listeners to consider their personal preferences and financial situations when making housing decisions.
Chapters
00:00 Introduction to Millennial Money Canada Podcast
01:00 Business Overview of Millen Wealth Advisors
10:14 The Evolution of Financial Planning
17:55 Transitioning to Real Estate Discussion
18:23 Traditional Views on Real Estate
20:43 Current Real Estate Market Analysis
24:55 Income Disparity and Real Estate Affordability
27:43 Personal Perspectives on Real Estate Investment
28:12 The Non-Financial Aspects of Homeownership
31:08 Understanding Real Estate Value: Land vs. Building
34:36 The True Costs of Homeownership
37:48 Real Estate vs. Stock Market: A Wealth Comparison
50:25 Tools for First-Time Homebuyers
54:53 Key Takeaways and Closing Remarks
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Keywords
Navigating Real Estate as Millennials
The Millennial Money Journey
Understanding Real Estate Investment Today
Financial Planning for the Next Generation
The Real Estate Dilemma for Millennials
