Should I Rent or Buy a Home

We've got an exciting topic on the table today: renting versus buying a home. It's a decision that can greatly impact your finances and emotions, so let's dive in and figure out which option is right for you.According to a survey by bankrate.com, 74% of Americans consider owning a home the ultimate marker of prosperity, even ranking it higher than having a successful career. This sentiment highlights the deep-rooted belief that owning a home symbolizes achievement and stability.In this episode, I'll discuss the financial and non-financial considerations of both renting and buying a home. I'll help you understand the costs, potential benefits and drawbacks, and how to align your decision with your vision for the future.It's going to be an episode packed with information and insights that could really make the difference when it comes to one of life's biggest decisions —the choice between renting and buying a house. It's not just an investment—it's a step towards crafting the life you've always dreamed of!IN TODAY’S EPISODE, I DISCUSS: Financial considerations of homeownership: mortgage, maintenance, taxes, insuranceComparison of costs between homeownership and rentingUnderstanding the purpose of the rent vs. buy templateRECOMMENDED EPISODES FOR YOUIf you liked this episode, you'll love these ones:My Favorite Investing Accounts (And How to Maximize Your Returns)Why Knowing Your Financial Numbers is Vital to Your FutureYour Money Questions Answered... Money Mentoring Over CoffeeCreating Wealth & Freedom Through Acquisitions ft. Nick BradleyTAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com  OTHER RESOURCES:Free Rent Vs. Buy Calculator™: https://www.melabrahamtraining.com/lm-rent-vs-buy-calculator7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/