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The Pros & Cons of Homeownership #2: Wealth Destruction: Financial Freedom, #203
The Pros & Cons of Homeownership #2: Wealth Destruction: Financial Freedom, #203
The Pros & Cons of Homeownership #2: Wealth Destruction: Financial Freedom, #203
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The Pros & Cons of Homeownership #2: Wealth Destruction: Financial Freedom, #203

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The housing industry wants you to spend every dime on your house. If you don't have a plan, that's precisely what will happen.

 

Owning a home is expensive and can become even more costly when you attach emotions to the situation. 

 

Therefore, you must have an overall wealth plan before buying a home. Do you want to help your kids through college or with their wedding?

 

Knowing these things is vital to understanding how much you can safely spend on your home while preserving your financial ability to provide for yourself and your kids. It's tough. Good Luck!

 

LanguageEnglish
PublisherJoshua King
Release dateOct 24, 2023
ISBN9798223931492
The Pros & Cons of Homeownership #2: Wealth Destruction: Financial Freedom, #203

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    The Pros & Cons of Homeownership #2 - Joshua King

    Table of Contents

    MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF

    The Pros & Cons of Homeownership #2

    All Right Reserved Military Family Investing | 01  The Pros & Cons of Homeownership #2: Wealth Destruction

    02  Your First Home: Investment Property or Dream House?

    03  Money & Marriage

    04  Five Signs That Your City Is Too Expensive For You

    05  Millennials, Homeownership, & Kids

    06  Give Your Kids a Different Path

    07  House Rich Cash Poor

    08  Home Maintenance Budget vs. Emergency Fund

    09  Homeownership Will Only Be For The Rich

    10  Is It Difficult to Own Multiple Homes?

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    MILITARY FAMILY INVESTING

    Joshua King

    Home of the Free PDF

    www.militaryfamilyinvesting.com

    The Pros & Cons of Homeownership #2

    Wealth Destruction

    01  The Pros & Cons of Homeownership #2: Wealth Destruction

    02  Your First Home: Investment Property or Dream House?

    03  Money & Marriage

    04  Five Signs That Your City Is Too Expensive For You

    05  Millennials, Homeownership, & Kids

    06  Give Your Kids a Different Path

    07  House Rich Cash Poor

    08  Home Maintenance Budget vs. Emergency Fund

    09  Homeownership Will Only Be For The Rich

    10  Is It Difficult to Own Multiple Homes?

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    Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article.

    All Right Reserved Military Family Investing

    01  The Pros & Cons of Homeownership #2: Wealth Destruction

    The more I watch HGTV, the more I believe the housing industry created it to get people to spend money on their homes.

    Owning a home can be the most expensive experience of your life if you let it. Unfortunately, many people have destroyed any chance of building wealth by focusing their wallets on their homes.

    Welcome back to The Pros & Cons of Homeownership series (Part #1), where we tell the truth about what it means to be a homeowner.

    You Can’t Get Rich By Acting Rich

    The fastest way to destroy wealth. Every step of buying, owning, renting, and selling a home has major pitfalls that can lead to losing money.

    Purchasing a home. The emotions you feel when you purchase your first home are surreal. If you are buying as a couple, you will have twice as many feelings to handle.

    The housing and banking industries want you to purchase the most expensive home your income allows.

    However, the numbers they quote aren’t necessarily the best fit for your budget. My wife and I overpaid for our first home in 2008, and we paid the price over 15 years.

    As I watch HGTV, I see young couples spending $600,000+ on their first homes. These numbers are absolutely crazy and can lead to wealth destruction for 20 to 30 years.

    Bonds for Life: I’m Buying 30-Year Bonds Over 4%

    It’s important to remember that your budget may survive the cost of a large home. However, as your kids leave the house, you may not be in a financial position to assist them throughout life.

    If ensuring your kids get a great jump start

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