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How To Not Be House Poor with Daniel Wrenne
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Welcome to "Finance For Physicians" with your host, Daniel Wrenne! In this episode, Daniel discusses a crucial financial topic: making wise housing decisions.
We highlight the following essential factors when making housing decisions:
- Work-Life Balance: Consider work hours, income stability, and avoid overworking.
- Family Values and Priorities: Understand what truly matters to you and your spouse, incorporating family time, travel, and more into the financial equation.
- Current Lifestyle: Assess your spending habits and lifestyle to make realistic financial plans.
- Insurance and Worst-Case Scenarios: Ensure you have adequate coverage to protect your income and assets.
- Financial Planning: Create a personalized financial plan, working backward from your priorities, income, local taxes, and expenses.
Tune in to gain insights into making informed financial decisions and avoiding the pitfalls of being house poor. Join Daniel Wrenne for more engaging discussions on Finance For Physicians!
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