Episode 91. What to Consider Before Buying a Home with Ariel Ward

Episode 91. What to Consider Before Buying a Home with Ariel Ward

Work Your Wealth
Episode 91. What to Consider Before Buying a Home with Ariel Ward
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This week I sat down again with Ariel Ward, CFP® to talk about things to think about before buying a home.

Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association.

Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • A big decisions we’ve been helping multiple clients with this year
  • Financial considerations to make before buying a home
  • The reason people many feel the need to purchase a home
  • Homeownership costs that might not always increase the value of the home
  • Where the commission fees play into your financial well being for short term homeownership
  • How long to plan on staying in a home before selling it
  • The dangers of buying a home for the maximum amount a lender approved you for
  • Why you should consider future life milestones when deciding on how much house to buy
  • Where retirement savings plays into plans for buying house
  • Some realities of homeownership that aren’t always talked about
  • Tips for saving for a home down payment
  • The types of accounts to stash money away into for your initial down payment
  • A good way to prepare financially if you are considering upsizing your home
  • The down payment percentage you should be striving for
  • The way Private Mortgage Insurance can affect your cash flow
  • How to prioritize big savings goals alongside buying a home
  • Rule of thumb for establishing an emergency fund

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 57: Paying off Your Mortgage in 2 Years on One Income with Kim Anderson

Episode 57: Paying off Your Mortgage in 2 Years on One Income with Kim Anderson

Work Your Wealth
Episode 57: Paying off Your Mortgage in 2 Years on One Income with Kim Anderson
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CAN I TACKLE MY MORTGAGE ON MY SCHEDULE?

This week I sat down with author and thrifty lifestyle blogger, Kim Anderson.

Kim Anderson is the author of Live, Save, Spend, Repeat: The Life You Want with the Money You Have. She’s also a thrifty lifestyle blogger, podcaster and Blogging Coach. She lives in North Carolina with her Youtuber husband, 6 year old son and adorably identical twin baby girls.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How Kim’s parents influenced her and created a domino effect of becoming debt free in her life.
  • How Kim’s family celebrated being mortgage-free.
  • How Kim and her husband made the decision to go from two incomes to one.
  • Where Kim’s entrepreneurial spirit came from.
  • How credit card fraud impacted Kim’s life.
  • Why and how Kim made the transition to a cash based life.
  • The little things Kim did (and you can do too) to pay off your mortgage sooner.
  • How a little bit of money can make a big impact on your debt.
  • The importance of understanding the true amount that you’ll pay for a home (or any debt).
  • What changed for Kim and her husband once the mortgage was paid off.
  • How turning your finances into a game can encourage your progress.
  • What amortization is and how to use it in your situation.
  • Why teamwork is imperative when paying off a large debt.
  • How Kim still budgeted for items that brought happiness even while paying down debt.
  • What to know and consider around your budget before purchasing a home.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH KIM AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?

Episode 12: Ask Mary Beth: Am I Sitting on Too Much Cash and How Do I Know How Much Mortgage I Can Afford?

Episode 12: Ask Mary Beth: Am I Sitting on Too Much Cash and How Do I Know How Much Mortgage I Can Afford?

Work Your Wealth
Episode 12: Ask Mary Beth: Am I Sitting on Too Much Cash and How Do I Know How Much Mortgage I Can Afford?
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AM I SITTING ON TOO MUCH CASH?

HOW DO I REALLY KNOW HOW MUCH MORTGAGE I CAN AFFORD?

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. Today I’m answering the above questions.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • What amount is just enough cash to have on hand.
  • Where to keep your cash savings accounts.
  • How to determine what to do with additional cash beyond your emergency fund.
  • Planning for short versus long-term goals.
  • The lifestyle factors to consider before locking in a mortgage payment for the next 15 – 30 years.
  • Decisions to make before shopping for a house.
  • The #1 thing you need to get organized prior to planning a home purchase.

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 12: Ask Mary Beth: Am I Sitting on Too Much Cash and How Do I Know How Much Mortgage I Can Afford?

Episode 06: Ask Mary Beth – How Many Bank Accounts You Need and Should You Buy a Home When You Have Student Loans?

Work Your Wealth
Episode 06: Ask Mary Beth - How Many Bank Accounts You Need and Should You Buy a Home When You Have Student Loans?
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HOW MANY BANK ACCOUNTS DO I NEED?

SHOULD I PURCHASE A HOME IF I HAVE STUDENT LOANS?

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. Today I’m answering the above questions.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The number of bank accounts you need.
  • What to consider when opening multiple bank accounts.
  • Tough decisions you may need to make when working towards goals.
  • How to keep one-time expenses from derailing your cash flow.
  • Cash flow considerations for locking in a mortgage.
  • What your debt-to-income ratio is and what percentage it should be at or below.
  • Items to keep in mind when saving for a down payment.

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?