02.03.25 The Net Worth Gap For Renters Vs Buyers / Valentine Diamond Deals

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 3 February 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode - Clark has new data on renting vs. buying in terms of long-term net worth and how renters can close the gap. Also, With Valentine’s Day ahead, Clark has good news if you are in the market for jewelry, specifically diamonds. Changes in the marketplace mean deals. Housing: Bridging The Net Worth Gap: Segment 1 Ask Clark: Segment 2 The Diamond Marketplace: Segment 3 Ask Clark: Segment 4 Mentioned on the show: The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000 Should You Take Your Pension in a Lump Sum or Monthly Payments? What Is a Fiduciary Financial Advisor and Do I Need One? Best Financial Advisors De Beers amasses biggest diamond stockpile since 2008 financial crisis Verizon administrative settlement payments are nowhere near $100. Here's why Should You Respond to Class-Action Lawsuits? How To Sell, Cancel or Get Rid of Your Timeshare Why Vacation Clubs Are Even Worse Than Timeshares Clark.com resources Episode transcripts Community.Clark.com / Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs. Shopify
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0:10.8	that let you build your brand, marketing tools that get your products out there. Integrated shipping
0:15.5	solutions that actually save you time, from startups to scaleups, online, in person, and on the go. Shopify is made for
0:22.8	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:34.7	It's my pleasure to welcome you here at the Clark Howard Show.
0:38.3	You know, our mission is to serve you with advice and information that empowers you
0:44.7	to make better financial decisions in your life.
0:49.1	And remember that when you're trying to make a decision affecting your wallet, we've got great resources, content, advice for you at clark.com.
0:59.9	I am so proud of our hardworking team that all they do is try to give you advice that will empower you to act in your own best interests for your wallet.
1:15.3	In today's episode, I got a counterpoint to something I've talked about recently,
1:21.0	about renting versus buying.
1:22.6	I've talked twice recently about the advantage of renting right now instead of buying a home.
1:31.0	And what matters over the long term?
1:34.5	I want to give a different perspective.
1:36.8	Also, Valentine's Day is just around the corner.
1:40.8	I want to share some great news for you if you're in the jewelry market, specifically
1:47.0	diamonds.
1:49.5	And I want to share with you a deal I got recently for my wife for her birthday, which she is
1:57.6	beyond ecstatic about.
2:00.5	So this is not great what I'm going to tell you.
2:05.8	There's new data out that shows what kind of money people have as a net worth
	...

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