2096: Why I’ll Never Buy A Timeshare by Michelle Schroeder-Gardner

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🗓️ 11 November 2022

⏱️ 9 minutes

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Summary

Michelle Schroeder-Gardner of Making Sense of Cents talks about why she'll never buy a timeshare Episode 2096: Why I’ll Never Buy A Timeshare by Michelle Schroeder-Gardner Michelle Schroeder-Gardner created Making Sense of Cents in order to help improve her own finances. With diligence, she was able to pay off $38,000 in student debt in 7 months, kept track of progress, and helped readers along the way. She's currently touring North America and living out of an RV. You can learn more about her and see her monthly income reports at MakingSenseOfCents.com. The original post is located here: https://www.makingsenseofcents.com/2015/03/why-are-timeshares-bad-worth-it.html 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 2096, while never by a time share, by Michelle Schroeder
0:07.6	Gardner of MakingSenseOfSense.com.
0:10.9	And on your host and personal finance enthusiast, Diana Mariam, we're going to get right to
0:15.7	today's post as we optimize your life.
0:22.9	Lately, I've been hearing about more and more people buying time shares.
0:35.2	Someone I know recently dropped $15,000 on a time share.
0:39.5	I know of another person who has bought multiple time shares with their student loans.
0:44.6	I recently read on Facebook that another person is trying to sell their time share for
0:49.2	a dollar, and there aren't any takers yet.
0:52.9	Sure, I have an open mind, and perhaps sometimes time shares aren't okay idea, so I won't
0:59.0	completely discredit them.
1:01.2	However, I've never met someone who bought a time share and was happy with their purchase
1:05.9	years down the line.
1:07.7	I've only heard horror stories about time shares.
1:10.9	Due to this, I've never really understood the appeal of time shares, and I'm not sure
1:16.0	I ever will.
1:17.5	I'm not writing this post to offend anyone.
1:20.4	Like I said, I'm sure there are cases out there where someone found a great deal on
1:24.5	a time share, and they know they're actually going to use it.
1:27.8	I won't ignore the possibility of that.
1:30.3	However, I know that each and every year, many people buy time shares thinking they're
1:34.5	a great deal, when in reality, most of the time they're not.
	...

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