Jun 20, 2019
In episode 166 of Financially Simple, Justin considers how much as a Small Business Owner you should spend on buying a house.
Everyone wants to live comfortably, and some want to live luxuriously - but at what cost? Justin looks at the thinking and motivation of millionaires who live comparatively frugally, in order to maintain a secure life-style and health financial situation.
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00:47 - How Much Should a Business Owner Pay for a House?
01:10 - How Millionaires Think
03:13 - A House is Not an Asset
06:16 - Some Facts and Figures
07:51 - Be Wary of Taking on a Huge Mortgage
10:13 - Millionaires Don’t Live Lavishly
15:37 - Wrap Up
Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.