Don’t Buy a Home Until You Can Truly Afford It

“What’s the worst investment you’ve ever made?” In this honest moment, Kelley shares why rushing into homeownership was her biggest financial regret—and why being truly ready matters more than just getting in the market.

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What’s the worst investment you’ve ever made?

Buying a condo when I was 18 that I couldn’t afford.

Ah, interesting. So did you end up losing it, having to resell it to get the monies back?

Yeah. And I rented it. It was bad. It was, it was just a bad situation. Don’t, don’t get forced into home ownership until you can truly afford it.

Yes. I’ve just wrote about that. I’m rewriting The Wealthy Barber right now, that’s what I’m working on, that exact comment that because the market’s so expensive, we’re getting people buying when they can’t truly afford, it’s gonna restrict them from doing any savings going out of their house, et cetera.