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Optimal Finance Daily - Financial Independence and Money Advice

1693: How To Decide Whether To Buy Or Rent A Home by Sam of Financial Samurai on Weighing Out Your Options

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 28 October 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

Sam of Financial Samurai teaches you how to decide whether to buy or rent a home Episode 1693: How To Decide Whether To Buy Or Rent A Home by Sam of Financial Samurai on Weighing Out Your Options Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/how-to-decide-whether-to-buy-a-home-or-rent/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, Episode 1693.

0:04.0

How to Decide Whether to Buy or Rent a Home

0:07.2

by Sam of FinancialSamurai.com

0:10.3

And I'm your host and personal finance enthusiast, Diana Mariam.

0:14.4

Now let's get right to today's post as we optimize your life.

0:22.3

How to Decide Whether to Buy or Rent a Home

0:25.2

by Sam of FinancialSamurai.com

0:29.1

The decision to buy or rent a home is a big one,

0:31.9

especially if you've never purchased real estate before.

0:35.1

Here's my story about how I decided on buying a home versus renting.

0:39.8

For me, the decision came up one rainy winter.

0:43.5

Rain during the winter in San Francisco means loss and loss of snow in Lake Tahoe.

0:48.4

My buddies and I decided to take a two and a half hour drive up to sugar bowl

0:52.3

and hit the slopes that Saturday.

0:54.4

A total of two feet of fluffy powder fell overnight

0:58.0

and we were in snowboarding heaven.

1:01.0

Fall in love with a gem location.

1:04.5

When we return that evening, our legs were sore,

1:07.3

but our faces beamed with smiles as we reminisced

1:10.7

our daring jumps off several of the steepest slopes.

1:14.2

We had no fear because the landing zone was soft.

1:17.6

The very next day in San Francisco,

...

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