Chapter
Advice on Buying a Home
19:39 - 36:01 (16:21)
The transcript highlights some basic tips on buying a home such as paying 10-20% as a down payment, having expenses set aside for at least a year, and making payments automatic.
Clips
The first quarter million dollars made from selling a home is tax-free for single individuals, and for married couples, it's half a million dollars.
19:39 - 24:43 (05:03)
Summary
The first quarter million dollars made from selling a home is tax-free for single individuals, and for married couples, it's half a million dollars. This can be done multiple times, legally, as long as the homeowner lives in the house for at least two of the last five years.
ChapterAdvice on Buying a Home
Episode791 Be Financially Free and Pay Yourself First with David Bach
PodcastThe School of Greatness
Learn about the basics of buying your first home including having a good down payment, setting aside 6 months to a year worth of mortgage payments, and buying a house you can afford or lower than what the bank will loan you.
24:43 - 31:49 (07:06)
Summary
Learn about the basics of buying your first home including having a good down payment, setting aside 6 months to a year worth of mortgage payments, and buying a house you can afford or lower than what the bank will loan you.
ChapterAdvice on Buying a Home
Episode791 Be Financially Free and Pay Yourself First with David Bach
PodcastThe School of Greatness
The guest discusses the importance of investing in real estate and index funds, as well as the risks of holding money in old 401k plans without telling your family where they are located.
31:49 - 36:01 (04:12)
Summary
The guest discusses the importance of investing in real estate and index funds, as well as the risks of holding money in old 401k plans without telling your family where they are located.