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Wealthy After 40: Personal Finance, Financial Freedom, Debt Payoff, and Retirement Savings for Gen Xers
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Ep 61 Strategies For Making Major Purchases
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In this episode, I share a personal financial journey on navigating the process of making a large purchase—in this case, buying a new home.
Using that story as an example, I provide key advice including defining your purchase criteria, understanding your financial situation, avoiding desperation, and being aware of market conditions.
00:00 Introduction to Navigating Large Purchases
00:14 Defining a Large Purchase
01:07 Personal Story: Moving Closer to Family
02:23 Setting Criteria for the New Home
03:49 The Search Begins: Online and Physical
04:44 Challenges and Adjustments in the Search
09:30 Financial Considerations and Budgeting
11:10 Making the Offer and Final Decisions
16:01 Lessons Learned and Final Thoughts
16:59 Upcoming Episodes and Final Remarks
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