Rent or Buy?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 26 December 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
My wife and I live in the NYC area and have been saving up cash ($120,000) in a high-yield savings account with the hopes of using it for a home downpayment. Should we now invest the money considering we may still have some time before we actually enter the real estate market?
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Transcript
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| 0:00.0 | This episode is brought to you by Oracle. AI may be important, but it needs a lot of processing speed, and that gets expensive fast. |
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| 0:29.6 | Welcome to the Jill on Money Show. It is Tuesday, December 26th. It's Boxing Day, |
| 0:39.7 | you know, when the lady and the lord of the Manor box up gifts for the help. |
| 0:46.0 | Anyway, happy day after Christmas and hope everyone is happy and fully digested. |
| 0:53.8 | These tend to be eating marathon days. |
| 0:55.9 | And happily, we can now turn the page over |
| 0:59.3 | and start our New Year's resolutions to, I would like to eat better. I would like to be more in control of myself. I know we all do that. |
| 1:06.8 | We're not doing a resolution episode today, but we are going to answer questions and if you've got a financial question, we're |
| 1:14.7 | here for you even this whole week when we're not working. Mark and I love to know that your |
| 1:20.3 | clicks away from us. So if you've got a financial question go to |
| 1:24.2 | Jill on money.com click the contact us button and then you're going to let us know |
| 1:28.5 | whether you'd be willing to come on the air or whether you'd be willing to join |
| 1:32.2 | us via video on our YouTube show |
| 1:34.7 | called Jill on Money powered by the compound. All the information about that is on |
| 1:38.4 | the website so check that out. All right let's just do some emails |
| 1:41.8 | because this is a good time of year to kind of plow through the old inbox where there are only about 15 million emails sitting. |
| 1:49.0 | Sorry Mark, I have not done a great job with this, but we're going to try. I love the subject of this |
| 1:55.3 | first email which is what to do with extra cash which is a great problem to have. |
| 1:59.8 | Okay here we go I'm 43 and my wife is 49. Two dogs no kids. Income. |
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