235. Listen to This BEFORE You Buy a Home (Study Hall)

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 26 May 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Register for our FREE workshop, Stock Market Secrets: Debunking Common Myths for Successful Investing: ⁠herfirst100k.com/secrets-pod⁠ Class is back in session! In this special ‘Study Hall’ episode, I’m breaking down one of the biggest decisions you’ll ever make––home buying. We’ve packed this episode with some of our best conversations on renting vs. buying—including insights from Ramit Sethi, Kate Wood from NerdWallet, and Redfin’s Chief Economist Daryl Fairweather. Whether you’re trying to decide if homeownership makes sense for you, want to better understand mortgages, or need permission to not buy a house right now, this episode is your comprehensive guide to one of life’s biggest financial moves. Let’s bust some myths, talk strategy, and help you decide what’s right for your real life—not someone else’s version of success. Mentioned in this episode: What You Need to Know About Mortgages with NerdWallet’s Kate Wood: https://herfirst100k.com/financial-feminist-show-notes/how-to-get-a-mortgage/ How to Live Your Rich Life with Ramit Sethi: https://herfirst100k.com/financial-feminist-show-notes/rich-life-ramit-sethi/ Will the Housing Market Ever Get Better? with Daryl Fairweather: https://herfirst100k.com/financial-feminist-show-notes/162-will-the-housing-market-ever-get-better-with-daryl-fairweather-redfin-chief-economist/ Read transcripts, learn more about our guests and sponsors, and get more resources at: https://herfirst100k.com/financial-feminist-show-notes/235-study-hall-home-buying/ Leave a voicemail for the show: https://www.speakpipe.com/financialfeminist Looking for accountability, live coaching, and deeper financial education? Check out our exclusive community! Join the $100K Club: https://herfirst100k.com/100k-pod Our favorite travel and cash-back credit cards, plus other financial resources: https://herfirst100k.com/tools Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Special thanks to our sponsors: Squarespace Go to www.squarespace.com/FFPOD to save 10% off your first website or domain purchase. Rocket Money Stop wasting money on things you don’t use. Cancel your unwanted subscriptions by going to RocketMoney.com/FFPOD. Quince For your next trip, treat yourself to the luxe upgrades you deserve from Quince. Go to Quince.com/FFPOD for free shipping on your order and 365-day returns. Netsuite If your revenues are at least in the seven figures, download the free e-book Navigating Global Trade: 3 Insights for Leaders at NetSuite.com/FFPOD. Masterclass Get an additional 15% off any annual membership at Masterclass.com/FFPOD. Indeed Get a $75 sponsored job credit to get your jobs more visibility at Indeed.com/FFPOD. ResortPass Visit Resortpass.com and use code FFPOD to get $20 off your first ResortPass experience. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the biggest purchase you will ever make. Yes, we're talking home buying today on
0:04.3	Financial Feminist. Welcome back to Study Hall. We started the series a while ago to distill some of the best information you can get on the podcast all in one big episode. And because buying a home is one of the biggest financial decisions you'll ever make, we thought we'd put together an episode compiling all of our best advice around home buying. After a word from our sponsors, were're kicking off my almost bought a home so glad I didn't story and why at the time I decided
0:25.1	against buying house. This episode of Financial Feminist is sponsored in part by Squarespace,
0:32.8	Rocket Money, NetSuite, and Masterclass. Whether it's for a brand, portfolio, or store, Squarespace makes it easy. Head over to Squarespace.com slash ffpod and use code FFPod for 10% off your first purchase. Stop paying for subscriptions you forgot about. Rocket Money finds and cancels them for you. Go to rocketmoney.com slash ffpod to take control of your finances. Running a growing business, NetSuite helps you manage it all in one
0:56.3	place. Download the free CFO's guide to AI and machine learning at netsuite.com slash ff pod. Learn from the
1:03.1	best to become your best with Masterclass. Get 15% off any annual membership at masterclass.com
1:08.2	slash ff pod. If you're serious about investing, you need to know about
1:13.0	public. What sets public apart is how they give you the tools to make informed investment decisions.
1:18.0	They built their AI tool called Alpha, and it doesn't just tell you if a certain investment is
1:22.0	performing well. It tells you why the performance is happening. So you can really understand
1:26.4	what's driving your performance and your portfolio. The best thing about public, though, and the reason I'm really talking about them is their retirement accounts. You can open up an IRA, whether that's a Roth IRA, a traditional IRA, and Public is the place to do it. You can fund your account in five minutes or less at public.com slash FFPod and get up to $10,000 when you transfer your old portfolio over.
1:46.7	That's public.com slash FF pod.
1:49.8	Paid for by public investing, all investing involves the risk of loss, including loss of principle,
1:54.3	broker services for U.S. listed, registered securities, options, and bonds in a self-directed account,
1:59.0	are offered by Public Investing Inc, member FINRA,
2:02.3	and S didn't.
2:30.8	I literally was a day from closing on this condominium. And yes, I'm calling it a house because,
2:38.0	you know what, in 2022, condos are sometimes the only homes that millennials can afford. So yes,
2:46.6	I'm calling a condominium a home, but it was a condo. And I was literally a day before closing on this condo, on this house, and I backed out.
2:56.2	And it ended up being, I think, probably one of the best, if not the best financial decisions I've ever made.
3:03.3	And this is, of course, contrary to everything you hear, right?
3:07.1	Which is that owning a home,
	...

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