Here’s Why It’s a Bad Idea to Wait Until You Are Married to Buy Property

Posted by Natalie Riggs on January 11, 2014  /  in News  /  No Comments

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I feel compelled to write about this topic after a conversation I had with a girlfriend over the weekend (and many similar conversations over the years). We have a mutual friend that is a single and very successful executive in the entertainment industry who I would imagine makes a good salary as well as enjoying the financial and job stability benefits of a corporate career. For many, this is exactly the scenario we need to feel comfortable moving forward with a significant purchase, such as buying a home…but her feeling is that she is missing a key element, which is a husband. To be clear, I want to share that I truly believe that not only do we create our own reality, but that whatever is true in our heart is TRUE. So I’m not using this story as an illustration of why this woman is wrong in HER choice, but rather; why I feel like this is not the most financially sound choice for both men and women. As a renter you are paying someone else’s mortgage that over time builds financial appreciation (equity). Do you want to build your own piggy bank or do you want to build someone else’s? Do you want to create your own financial independence over the course of 5-30 years or someone else’s? These are questions to consider when you decide to be a renter or an owner and these are questions that I ask you whether you are single, married, or somewhere in between. Why wait for Prince Charming or Cinderella to arrive when you can become financially stable and strong in the interim. I truly believe that property ownership is a great way to build financial wealth and stability. I would be happy to discuss this with you, your partner, or your family….just do me a favor, don’t wait for someone else to create your OWN beautiful, full, financially stable,and happy life. Love.

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