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This Is Why You SHOULDN'T BUY A Home
Manage episode 485250012 series 3555618
"About 9 out of 10 millennials say they want to be homeowners... but buying a home the right way isn't so simple."
In this episode, Jaspreet Singh flips the script on the American Dream and lays out 5 clear reasons why you should NOT buy a home, at least not yet:
You don’t have enough savings for emergencies
You can’t afford a real 20% down payment
Your monthly mortgage would eat up your whole paycheck
You're buying a home to "get rich" instead of to live in
You're simply not ready to be a homeowner
This isn’t about hating homeownership, it’s about doing it smart. Jaspreet shares personal real estate stories, money traps to avoid, and why buying too soon could cost you more than just money.
Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market
Below are my recommended tools!
Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast).
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➤ Invest In Stocks Passively
1) M1 Finance - Buy stocks & ETFs automatically:
https://theminoritymindset.com/m1
----------
➤ Life Insurance
2) Policygenius - Get a free life insurance quote:
https://theminoritymindset.com/policygenius
----------
➤ Real Estate Investing Online
3) Fundrise - Invest in real estate with as little as $10!
https://theminoritymindset.com/fundrise
----------
100 episodes
Manage episode 485250012 series 3555618
"About 9 out of 10 millennials say they want to be homeowners... but buying a home the right way isn't so simple."
In this episode, Jaspreet Singh flips the script on the American Dream and lays out 5 clear reasons why you should NOT buy a home, at least not yet:
You don’t have enough savings for emergencies
You can’t afford a real 20% down payment
Your monthly mortgage would eat up your whole paycheck
You're buying a home to "get rich" instead of to live in
You're simply not ready to be a homeowner
This isn’t about hating homeownership, it’s about doing it smart. Jaspreet shares personal real estate stories, money traps to avoid, and why buying too soon could cost you more than just money.
Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market
Below are my recommended tools!
Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast).
----------
➤ Invest In Stocks Passively
1) M1 Finance - Buy stocks & ETFs automatically:
https://theminoritymindset.com/m1
----------
➤ Life Insurance
2) Policygenius - Get a free life insurance quote:
https://theminoritymindset.com/policygenius
----------
➤ Real Estate Investing Online
3) Fundrise - Invest in real estate with as little as $10!
https://theminoritymindset.com/fundrise
----------
100 episodes
All episodes
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