Invest or Buy a House? [with Marcus Garrett]

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 20 September 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Caitlin wants to know if she should invest or buy a house. This is a tough decision that a lot of people grapple with especially as they become debt-free. Marcus Garrett, Financial Expert and Author of D.E.B.T. Free or Die Trying, shares some advice for Caitlin and why this decision doesn't have to be one or the other. Also, we're back with our Mortgage Free segment! Brendan Dale, from Cape Town, South Africa, shares how he paid off his mortgage in less than 5 years and what that means for him and his husband. RESOURCES: **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors Tello: Cell phone bill too high? Find a plan with Tello for around $10 per month on the T-Mobile Network! Firstly: Smart budgeting tools and real-life advice to get you on the path to family financial wellness. Learn more today! MKM Instagram: Connect with me on social media and say hello! MKM Voicemail: Got a question? Leave me a voicemail. Marcus Garrett (Website) Marcus Garrett (Book) Brendan Dale (Website) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, this is Ava from Vanta.
0:02.0	In today's digital world, compliance regulations are changing constantly,
0:07.0	and earning customer trust has never mattered more.
0:10.0	Vanta helps companies get compliant fast and stay secure,
0:13.0	with the most advanced AI automation and continuous monitoring out there.
0:17.0	So whether you're a startup going for your first stock two or ISO-27,001,
0:21.5	or a growing enterprise managing vendor risk, Banta makes it quick, easy, and scalable,
0:26.4	and I'm not to say that because I work here. Get started today at banta.com.
0:32.3	I think a lot of people when they think investing, they're like, I need thousands of dollars,
0:35.9	I need to put hundreds of dollars each month. That's not true.
0:44.8	This show is dedicated to helping you, strengthen your family tree and live financially free.
0:50.7	Welcome to the Marriage Kids and Money podcast, everybody. This is Andy Hill, and today we are
0:55.3	going to do two things. First, we'll be answering a question about what to do with your money
1:00.2	after you are debt free. And second, we're back with our mortgage-free segment. Today, we're
1:06.8	chatting with Brendan Dale from Cape Town, South South Africa about how he became mortgage-free
1:13.4	or bond-free, as they like to say in South Africa, in less than five years. All right,
1:20.3	let's jump into today's show. I received a question from Caitlin on Instagram, and here it is. My husband and I will be debt free by the end of the year. We want to buy a house, but the housing market is crazy where we live and we don't have much saved for retirement. Should we just invest in the stock market with our extra money after the debt is gone
1:45.1	and wait to buy a house till things cool down? Caitlin, thank you very much for reaching out,
1:52.5	and congratulations on working on this debt-free goal. That's super exciting and best of luck
1:56.9	as you move towards the finish line by year end. Now, this decision you're talking about
2:02.4	investing or buying a house, that can be a tough one. And as I say on this show a lot, it's a
2:09.4	personal decision. So since I always think that two opinions are better than one, I thought I'd
	...

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