Finding Opportunities in Ownership and Real Estate ft. Linda Vincent
Ownership and Investing in Real Estate is the name of the modern financial game. The TFG podcast is back at it again!
Today, we have REAL estate agent Linda Vincent @HomegirlLinda (from SheMotivates) joining us to discuss the nuisance with Real Estate and the importance of securing a legacy with home ownership. We do emphasize the REAL part since many friends are now “agents”.
Alainta pushes back at our guest and loses decorum; debate about housing opportunity and speculation; LOL it’s all good. Lawrence was shocked but they know each other offline. The Real Estate beef is real. Great points are made for an important topic as mortgage rates race north of 7% for the foreseeable future.
The real question remains, why are so many Americans abandoning homeownership? Let’s talk.
Table of Contents
If you want to be wealthy, you have to own Real Estate
There is no real way around it. Ownership is wealth. If this is a game of 3D monopoly, going around renting isn’t going to be enough. Especially if you intend to retire comfortably.
Real Estate ownership compliments wealth building in three ways.
For starters, it helps to stabilize housing expenses. Today, most renters are paying nearly 2.5 times more for their lodging than owners. Secondly, it helps initiate forced savings, a process that shifts from a riskier lifestyle to a more conservative one. And finally, the hidden long-term gem, the best benefit of homeownership is value appreciation.
As a bonus, the IRS deems Capital Gains from the sale of homes as tax-free up to $250,000 for single taxpayers and $500,000 for married taxpayers.
Here are some great reads if you want to own something affordable and why its crucial:
- How we bought four properties in 2.5 years
- The value of your priorities: Renting vs Ownership
- A Financial Advisor said Renting is Better but He owns his home.
Besides Real Estate, what’s the show all about?
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don’t. Stories about growth, opportunity, and embracing changes. Beyond that, we talk about Finances. Specifically, how to become Financially literate, incorporate actionable steps, and ultimately build generational wealth.
Can you imagine being a Millionaire in 20 years or less? Yeah, it’s possible. 80% of millionaires are the first generation. That means they didn’t come from wealth. We teach you how. Join a community of subscribers that welcome a fresh take on money.
So there you have it, The Financial Griot, or TFG for short. The hosts were able to amass over $2 Million in wealth in about 8 years and are on track to retire early. If you want the secrets; we will gladly share them since the opportunity is abundant and Win-Win.
Find the TFG Crew Hosts on Instagram
- Alainta Alcin – Blogger, Travel and Money Enthusiast @alainta_alcin
- Lovely Merdelus – Entrepreneur and Small Business Growth Specialist @lovelymerdelus
- Lawrence Delva-Gonzalez – Federal Auditor, Blogger, and Tax Specialist @theneighborhoodfinanceguy
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