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Jill on Money with Jill Schlesinger

BONUS call: Real Estate

Jill on Money with Jill Schlesinger

Audacy

Investing, Education, Business, Self-improvement

4.61.9K Ratings

🗓️ 12 September 2017

⏱️ 10 minutes

🧾️ Download transcript

Summary

This week on the BONUS call we're going to Bend, Oregon where we received a real estate question from Neil. Only 25 years old, Neil is wondering if it makes sense for him to buy a house. Because the housing market is hot where he lives, he's worried he'll be priced out if he waits much longer. Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/  https://twitter.com/jillonmoney  https://www.facebook.com/JillonMoney  https://www.instagram.com/jillonmoney/  https://www.youtube.com/c/JillSchlesinger  https://www.linkedin.com/in/jillonmoney/  https://soundcloud.com/jill-schlesinger  http://www.stitcher.com/podcast/jill-on-money  http://betteroffpodcast.com/  https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Better Off Bonus Call of the Week sponsored by Betterment, the largest independent

0:08.0

online financial advisor.

0:10.0

Now remember, if you've got a burning financial question you have two chances every week to get on the air.

0:16.8

We've got this bonus call, we drop it on Tuesdays, then in the longer show on Thursdays we have the listener

0:21.7

question of the week, just send us an email

0:24.3

ask Jill at better off podcast dot com right now we are going to Neil from

0:30.0

organ did I say it right Neil you got You got it. Darn it, I'm good. All right, Neil, what's going on? How can we help you out?

0:37.0

Well, I am curious, I'm 25 years old, I've been doing a pretty good job at at savings and I have some questions

0:48.1

about seeing if it's a good time for me to consider buying a house.

0:52.3

Oh cool okay so your for me to consider buying a house.

0:52.6

Oh, cool.

0:53.2

OK.

0:54.0

So you're 25 years old and you've got a job, hopefully,

0:58.0

and that's why you're saving so much.

1:00.1

How much have you saved so far?

1:01.6

Tell me about your non-retirement as well as your retirement.

1:05.0

I think in total retirement wise, I have about 50 or 60,000.

1:11.6

Great. And then non-retirement is whatever else adds up to just under 100,000 okay so

1:20.1

40 to 50-ish, okay.

1:22.8

And how much do you earn, Neil?

1:25.1

I earn about 40,000.

1:27.0

Wow, you've saved a lot of money considering you earn 40,000.

...

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