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How to Buy a Home: The #1 First Time Home Buyer Podcast

209 STEP NINE - Practice Makes Perfect

How to Buy a Home: The #1 First Time Home Buyer Podcast

David Sidoni

Business, News, Education, Business News, Investing, How To

4.8891 Ratings

🗓️ 9 January 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

The thought of becoming a homeowner can be very overwhelming, but have no fear! In Step Nine of David Sidoni’s How to Buy a Home series, he gives you some practical advice on how you can practice being a homeowner before you actually become one. Following this step gets you on the right track financially and gives you the confidence you need to jump into your new chapter of home ownership. 

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This podcast was created for YOU - to cut through the confusion and empower you to buy your first home. Let's change the way the real estate industry treats first-timers, one buyer at a time- starting with YOU!


David Sidoni, the "How to Buy a Home Guy", is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home, offering expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.


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Transcript

Click on a timestamp to play from that location

0:00.0

On Air Brands.

0:04.6

Nine out of ten.

0:06.1

Time to get serious.

0:07.6

Now, some of you might be freaking out about the thought of becoming a homeowner very soon.

0:11.5

So today, we're going to tackle this with a preemptive strike.

0:14.5

Are you ready to learn how to practice being a homeowner before you even become one?

0:19.3

Let's take the fear out of this life-changing event.

0:23.2

Play the music.

0:46.5

Welcome to step nine out of the ten basic steps it takes to dump your rent and start building your financial foundation for life.

0:55.7

Today I'm going to give you some practical action steps that you can take right now so you never feel house poor in the future, and you can be ultimately confident that you're making the right move. Yeah, pun intended, move. Get it?

1:02.9

Okay, today's topics are, first, the nasty B word again. Second, we're going to talk about

1:10.5

practicing to avoid pain. Third, we're going to talk about practicing to avoid pain. Third, we're going to

1:13.9

talk about playing the long game. And finally, the house party. And you get to be the DJ.

1:21.1

So let's start with the B word. We all remember what the B word is, right? Budget. Now, remember,

1:30.9

a budget is not set up to deprive you.

1:36.0

Just like a good diet really shouldn't make you feel like you're denying what you love.

1:45.4

It's simply a lifestyle change and a mindset shift. And the biggest part of that mindset shift is instead of thinking about what you're not getting,

1:51.8

you think about what you will be able to indulge in, you know, all those things that you thought were unattainable, but now are attainable because you've set up a system where you're reaching

1:57.8

for rewards and indulging as opposed to depriving yourself just so you can

2:03.6

survive. Now, if you've been following the basic steps, then you should be living a new financial

2:08.9

lifestyle, working a budget since you're going to need, you know, some cash to close for the down payment

2:15.2

and the closing costs. I've had several clients tell me,

...

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