Deciding between renting or buying a home is a difficult calculation. How can we balance the quality of life with financial risk? Doug deals with this issue on today’s show when he answers a listener’s question on how much money he should invest in buying an apartment. There are many advantages and disadvantages with renting or buying a home. Find out what all the considerations are, including the common pitfalls of buying a home.
Takeaway: it depends on balancing today’s quality of life against tomorrow’s.
Today’s guest, Vicki Robin, coauthor of Your Money or your Life: Transforming Your Relationship With Money and Achieving Financial Independence, looks at the quality of life and relates this to the pursuit of money. Discover how your life energy can help you gain control of your finances and get started on the path to financial independence.
Follow Vicki and her work at: http://vickirobin.com/