How Physicians Can Avoid Becoming House Poor
Mauriiciia Lepfoundz
الوصف
<p>Buying a home is a big decision. It’s one of the biggest purchases that you are ever going to make in your life, and it’s the #1 error or issue that causes financial challenges for people. Everyone is susceptible, including physicians. </p> <p>In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to his colleague, Jennifer DeLorbe Quire, a Certified Financial Planner CFP®, about home-buying decisions. </p> <h3><strong>Topics Discussed:</strong></h3> <ul> <li>Do’s and Don’ts: How to make sure you stay on the right side of the tracks</li> <li>Wrong Path: Approaching decision without big-picture plan in place</li> <li>Right Way: Prioritize, plan, and identify purpose of what’s most important</li> <li>Timeline: Don’t be pressured or rushed into buying a house; there’s other options</li> <li>Proceed with Caution: How one decision affects absolutely everything else</li> <li>Need vs. Want: Justifying emotions with logic - spending more than you should</li> <li>Cash Flow: Home costs add up, calculate budget, and build in a margin</li> <li>How much should you spend on a house? Plan for what needs to be saved, what’s most important, and what’s left over</li> </ul> <h3><strong>Links:</strong></h3> <p><a href="https://wrennefinancial.com/much-physicians-spend-home/">How Much Should Physicians Spend on Their Home?</a></p> <p><a href="https://wrennefinancial.com/physician-mortgage-loans/">The Complete Guide To Physician Mortgage Loans</a></p> <p><a href="https://financeforphysicians.co/2021/09/11/all-in-home-costs-calculator/">All-In Home Costs Calculator</a></p> <p><a href="https://financeforphysicians.co/2020/11/26/the-key-process-behind-using-money-to-live-better-lives-with-jennifer-quire/">The Key Process Behind Using Money To Live Better Lives with Jennifer Quire</a></p> <p><a href="https://financeforphysicians.co/2020/12/31/hire-or-fire-your-financial-advisor-with-dr-jim-dahle-a
المبدعون
leon.tiger
Creator