Ep 61 Strategies For Making Major Purchases

Wealthy After 40: Personal Finance, Financial Freedom, Debt Payoff, and Retirement Savings for Gen Xers

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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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