11.19.24 Decision: Renting Vs Buying A Home / Long Term Care Insurance

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 19 November 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Buying a home vs renting is a tougher decision these days, with several factors and new considerations to keep in mind. Also in this episode, since the long term care insurance industry is broken and financially prohibitive in its present collapsed state, how do you prepare for the assistance you may need in old age? Renting Vs Buying A Home: Segment 1 Ask Clark: Segment 2 Long Term Care: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Best Online Banks: Free Checking and High-Interest Savings Accounts Are You Actually Earning Cash Back on Groceries With Your Credit Card? Capital One Shakes Up Its 'Savor' Line of Credit Cards They Bought Insurance for Security in Old Age. They Got a Financial Nightmare Instead How Do You Prepare for the Likelihood of Long-Term Care Costs? Living Will and Durable Power of Attorney: Frequently Asked Questions CarMax vs. Carvana: A First-Hand Experience Selling a Car in 2024 What's the Cheapest Way To Replace a Lost Vehicle Key Fob? 3 Ways To Get a Free VIN Check Before Buying a Used Car Clark.com resources Episode transcripts Community.Clark.com 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	This podcast is brought to you by Progressive Insurance. Fiscally responsible, financial geniuses,
0:06.5	monetary magicians. These are things people say about drivers who switch their car insurance
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0:17.9	Insurance Company and Affiliates. Potential savings will vary.
0:21.4	Not available in all states or situations.
0:24.0	Using my Berkeley Card Forward credit card to pay for the stuff I need now
0:27.2	could help build up my credit school for the day I need something bigger.
0:30.5	So buying a set of headphones or waits for my workout.
0:34.6	Smashed it.
0:35.4	Could help in the future when I want to rent my first flat share.
0:39.3	Now that's forward thinking.
0:41.3	Check if you're eligible at barclaycard.coad at UK.
0:44.3	33.9% APR representative variables subject to application financial circumstances in borrowing history,
0:49.3	T's and Cs apply.
0:50.3	Responsible use of a credit card can help build your credit score when you pay on time.
1:03.6	It's great to have you here on the Clark Howard Show. You know, our mission is to serve you with advice and information that empowers you so you make better financial decisions in your life.
1:15.7	And I want to talk about the renting versus buying a home and how the decisions you make may be different going forward than they've been to this
1:25.0	point. Also, gosh, all the inquiries I'm getting from people saying,
1:30.9	what do we do? What do we do?
1:32.6	Mom or dads or mom and dad's long-term care policy,
1:36.8	the premiums have gone through the roof.
1:39.2	Do we just pay the higher ones?
	...

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