This week’s episode is about the debate to buy or rent a home! Josh & Austin will be exploring the different factors you should be considering to help you make the decision that’s best for your life situation. You’ll hear them discuss the statistics of renting vs. buying, the tax and insurance impacts, the costs of renting vs. buying, and some sound advice for what you should do! Listen now to get the full picture of the buy or rent debate!
Main Talking Points
[1:27] – Buy vs. Rent Statistics
[2:58] – Where You Live Matters
[6:02] – Time Frame of Residence
[8:37] – Dad Joke of the Week!
[9:32] – Costs of Renting vs. Buying
[13:52] – Freedom to Renovate and Decorate
[15:21] – The Tax & Insurance Impacts
[19:17] – Other Good Advice & Tips on Buy or Rent
[22:55] – Don’t Forget About Your Free Gift & Help Us Grow!
Links & Resources
It’s better to rent than to buy in today’s housing market (CNBC)
Should I Pay Down My Mortgage or Invest? (The Everyday Advisor)
July 2018 Rent vs Buy Report: Home Prices Rise Three Times Faster than Rents (Realtor.com)
Invest With Us – The Invested Dads
Free Guide: 8 Timeless Principles of Investing
Social Media
Full Transcript
Intro:
Welcome to the Invested Dads podcast, simplifying financial topics so that you can take action and make your financial situation better. Helping you to understand the current world of financial planning and investments, here are your hosts, Josh Robb and Austin Wilson.
Austin Wilson:
Podcast. Peter Piper picked a Peck of pickled podcasts. All right. Hey, Hey, Hey, welcome back to the Invested Dads Podcast. Thanks for listening and being with us today. Today we are going to witness an epic battle between two longtime rivals, those being: renting vs. buying a home.
Josh Robb:
All right, Austin. That’s the big debate and that’s one I do get asked a lot about. As people come in and we’re looking through their financial projections and their plans, one of their questions is, “What should I do? Should I buy or rent a home?”
And that’s one that every person has a unique situation, like a lot of things. So, in this episode, we’re really not going to give you the one answer of yes rent or yes buy. We’re just going to talk through the thoughts on each of those and which options make sense in certain situations, because it really does come down to what are your plans in the short term, and in the long-term, and which of those two better help you achieve those goals. And we encourage listeners to always talk to their financial advisor and make sure that this fits in with their larger goals and their larger plan.
Buy vs. Rent Statistics [1:27]
Austin Wilson:
So I guess it’s probably good to start off with some stats.
Josh Robb:
Always good.
Austin Wilson:
I love me some stats, stats, stats, stats, stats. Was that dramatic? That was an echo. Okay. Statistics. I love stats. realtor.com has a good article. We’ll throw it in the show notes below. The data is actually as of July 18, but it tells an interesting trend here in the US. So, only 41% of the nation’s population lives in a county where a median income family can afford to buy a home.
So, that means less than half of the population lives where the average person can afford to buy a home. That’s crazy. Nationally, the cost to buy rose 14% from July, 2017 to July, 2018, while the costs to rent only increased by 4%. So that makes me glad I bought my home in June of 2017. That is a big difference in a matter of a year.
According to an article on CNBC, which will also throw the link in the show notes, renting now may actually be a better investment depending on where you live. Renting and reinvesting the savings from renting on average will outperform owning and building home equity in terms of wealth creation, according to research from Florida Atlantic University and Florida International University faculty.
That is the first time that renting has actually outperformed buying since 2010, and in 16 of the 23 major metropolitan markets that were covered in that research, renting is actually a better investment than buying. Some of those big Metro areas include Atlanta, Dallas, Denver, Houston, L.A., Miami, San Francisco, and Seattle.
[2:58] – Where You Live Matters
Austin Wilson:
Now, if you live in an area like we do, like in the Midwest, in Ohio, it still is better to buy than rent in much of the area like we’re in, in the Midwest, or in the Northeast, where Chicago and Cleveland actually show the best ownership scores.
Josh Robb:
So Chicago is kind of that outlier. It’s a large city, but it still is better to own than it is to rent.
Austin Wilson:
And I think that just all comes down to supply and demand. So in some of those areas we’ve got a shortage of housing. So housing is super, super expensive to buy. But in some areas where you’ve got a little bit more supply, the prices are more affordable and more attainable.
Josh Robb:
Yep. And so there is no right answer that goes across the board for everybody. In fact, depends who you ask, you’re going to get a different answer. So you’ve asked people over at CNBC, they’re probably going to listen to Jim Cramer and say, “Buy, buy, buy.” But, if you ask somebody that works on Broadway or performs on Broadway, what are they going to say?
Austin Wilson:
“Sell, sell, sell.”
Josh Robb:
No, they’re going to say rent, just like the popular show there. See what I did? See what I did?
Austin Wilson:
I did not see where you were going with that.
Josh Robb:
So, there’s no right answer, which brings me to a couple of points. My first point is where you live really does matter. And so, depending on where you’re at, that will help determine the cost because like we saw there, there’s some places where there just is not a lot of buildings, houses or property that you can buy to own. There’s a lot more high rise apartments, complexes where, for space saving, they have a lot of people living in one spot. And so that’s the more efficient way of doing it.
Austin Wilson:
I know here in Findlay, we’ve got probably a couple of buildings with five or six stories.
Josh Robb:
Yes. You know that’s pretty high.
Austin Wilson:
Pretty high rise.
Josh Robb:
So it’s crazy. And so think of that. For instance, in New York, it takes 141% of the average person’s income to own a home. So the average person’s income, you need 141% of that to own a home. Where to rent, it only takes 30% of the average person’s income. So, you can see again, why, in a place like that, renting makes sense.
Austin Wilson:
That’s a big difference.
Josh Robb:
But then you can go the other direction. So, if you look at a place down in Georgia, Clayton County, it only takes 18% of your income to own a home while it takes 32% to rent. So, it’s cheaper to own a home down there than it is to rent.
Austin Wilson:
And this is an example of why a lot of people who might refer to themselves in what’s quote unquote the gig economy, where they’re kind of freelancers, they do whatever they want, they can work from home. A lot of those people are flocking to those, not necessarily Clayton County, Georgia, but those areas where it is so, so, so cheap, because they can work from anywhere. They can work from their home office, and if they can make the same money that they’re making in another part of the country, they can really make a good spread on their income there, versus their costs.
Josh Robb:
Yep. And you see the same thing as when people retire. A lot of people moved to a lower cost of living spot because it is cheaper, and so, while their salary goes away and they’re living on their retirement or a pension or whatever, moving to a lower cost place to live makes a lot of sense. Your dollar goes farther.
Austin Wilson:
I think I’m going to move to a Winnebago.
Josh Robb:
A van down by the river, you know?
Austin Wilson:
I know.
[6:02] – Timeframe of Residence
Josh Robb:
So that’s the first point. Where you live matters. The second thing is how long you plan to stay, wherever that is that you live, has an impact, too. So, the rule of thumb in our industry is, if you think you’re going to be in a spot for less than five years, in general, renting makes a lot of sense. Whether it’s an apartment or house or whatever, renting gives you that flexibility, if you don’t think you’re going to be there long-term.
The reason for that obviously is, if there is a slowdown, like we sell in 08, 09, where there’s a big drop in housing prices and really a slowdown in people buying houses, you’re stuck with a asset that has a lot of value tied to it. So, for most people, a lot of their net worth is tied up in their home. You’re now needing to get rid of that in depressed market, so the prices are down and there’s really not a lot of buyers out there. So, you’re really forced to sell at a loss, for a lower price, because you’re moving.
For most people, owning a house in a different location than where they live does not make sense. The maintenance. You’d be getting called up and saying, “Hey, my water heater is out.” “Well, I’m sorry. I’m two states over. What do you want me to do?” You’ve got to call somebody, you got to make sure they’re there.
So, for a lot of people, if you don’t think you’re going to be here long term, the idea is, “Okay, renting makes sense because I’m just tied to that lease. How long am I going to be there?” 12 months, six months, whatever your lease is. When that’s up, I can walk away. There’s no obligation for me to do anything. And so, for people who have a lot of transition in their life, renting makes a lot of sense.
Austin Wilson:
And I think that’s especially important when you look at young people starting their careers, and there’s a lot of opportunities to move around and do whatever they need to do. They could take a job in a bigger city or a different city at the drop of a hat, really, if they’re renting. It’s not necessarily difficult to find a sublease for their apartment or wherever, and even if they have to pay the lease the rest of the time, they’re only stuck paying it for probably less than a year on top of what they’re doing. And a lot of times that’s a lot better choice for young people.
Josh Robb:
Yeah. And on the reverse side, if you’re going to be there over five years, historically speaking, you’ll maintain or grow your value in a home. Obviously, the outliers being those downturns where we’re talking about ‘08, ‘09. But the idea there is, then, if you do go to sell and you do have to move, there’s an appreciation there, potentially, for your asset. But if you’re going to be there long term, you allow that opportunity for it to grow over the long run.
Austin Wilson:
Or you can just move in with your podcast cohost.
Josh Robb:
That’s a way you get it.
Austin Wilson:
Share a house.
Josh Robb:
You always got to ask the first question. Can we be friends? Well, first question is, do you have a pullout couch?
Austin Wilson:
Exactly. Exactly. I heard about that finished basement. I’m about to crash on it.
[8:37] – Your Dad Joke of the Week!
Josh Robb:
So we’re going to take a pause and I have a dad joke for Austin.
Austin Wilson:
Dad joke of the week!
Josh Robb:
It’s more just a question. I got two options. I’m not sure which one it should be.
Austin Wilson:
Oh, bring them both.
Josh Robb:
So we live out here. There’s a lot of farms in this area and always wondered this question. If a cow doesn’t produce milk, what do you call that cow? Do you call it, two choices. One do you call it a Milk Dud or do you say it’s an utter failure?
Austin Wilson:
I’m going with udder failure.
Josh Robb:
Udder failure.
Austin Wilson:
That’s a good one.
Josh Robb:
Just a question I’ve always had.
Austin Wilson:
Those are the things that keep me up at night.
Josh Robb:
It is. You always wonder.
Austin Wilson:
So I might have to pass that one along.
Josh Robb:
The other thing, in case you wondered about cows, do you know why they wear those bells around their neck that you always see?
Austin Wilson:
No, I’ve always wondered.
Josh Robb:
Because their horns don’t work. That’s why.
Austin Wilson:
I’m learning something new all the time, Josh.
[9:32] – Costs of Renting vs. Buying
Josh Robb:
All right, so back to buying and renting.
Austin Wilson:
And we’re back to the real show.
Josh Robb:
The real show.
Austin Wilson:
So I guess we kind of just talked about it, but where do you live and how long you plan to stay there makes a difference. So say you’re planning on staying in an area for a while, Josh. Do you need to look at anything else other than just what it would cost to rent versus what it would cost to buy? Are there any other parts of that equation that should really factor into your decision?
Josh Robb:
Yeah, so we removed the choice that I’m going to be gone in two years. Yeah. If you’re just thinking what’s a better choice for renting or buying, I’m going to be here for a little while. A couple of things to think about.
Josh Robb:
The first is changing in costs. So, when you get a mortgage, we recommend you get a fixed mortgage because if you get those variable mortgages…
Austin Wilson:
ARM.
Josh Robb:
Yup. It’s called the ARM, adjustable rate mortgage, you could lose an arm and a leg.
Austin Wilson:
I was just about the make a leg joke.
Josh Robb:
So adjustable rate mortgage means you have a set rate, and then after a certain amount of time, they adjust it to whatever the new interest rate is. Now, if interest rates are going down, not a big deal. If interest rates are going up, or if it has an adjustment to it later on that have a set adjustment rate, you could pay a higher rate later on. That’s what a lot of people got stuck with, is there was adjustment and the values were down, and so it was harder for them to pay for that.
So, back to the mortgage though. If you have a fixed 30, 15-year mortgage, it’s a set rate during that timeframe. They say, “Okay, it’s this interest rate. Here’s how much you pay monthly.” A lot of times, if you have it at a traditional bank, they also tie in your property tax, tie in all insurance and all that fun stuff. So, you have a set payment flat.
Now, if you’re renting, your rent is set during that lease time period, but when you renew your lease, the landlord may adjust the payment and there’s inflation. So, obviously, if you’re the landlord and costs go up, you want to adjust your income to compensate that.
Austin Wilson:
Yeah, I don’t think that I’ve actually heard of any examples of rent going down. But typically it’s going to stay the same or go up year over year.
Josh Robb:
Right. Yeah. So, that’s one thing to keep in mind is, if you’re comparing them now, what will that be like in five or 10 years? If I’m going to stay in this same area, will I still be in a good spot if I look at those options, from changing price?
On the reverse side, so, in that change, buying makes more sense because it’s a flat rate. Maintenance costs. So, that’s the opposite true. So if I am renting, maintenance, the obligation is really on the landlord.
Austin Wilson:
Pretty much zero for a tenant.
Josh Robb:
Yeah. You know, maybe a little things you do without calling if it’s a hassle. Changing a light bulb, you probably just go out and buy a light bulb and put it in.
Austin Wilson:
It’d be a real desperate call.
Josh Robb:
Yeah. “My light bulb’s out. Can you come and screw a new light bulb in?
Austin Wilson:
I know you live a state away.
Josh Robb:
But for overall, especially the big costs, maintenance does not exist for a renter. That’s the obligation of a landlord. When you’re on your home, guess what? You’re the landlord. You’re the one that owns the home. That’s you. And so, it’s kind of an example of maybe your wife is making a big pot of spaghetti and in dumping out the water to drain it, she accidentally dumps the whole pot of spaghetti into the sink, and you can clog up the drain, and then have to call…
Austin Wilson:
I clogged the drain?
Josh Robb:
Not saying that’s ever happened before.
Austin Wilson:
Who would have thunk?
Josh Robb:
But that’s just a theoretical example of a reason that you may have to call somebody to come fix your apartment you’re living in.
Austin Wilson:
That is a reasonably small example, but imagine you’re renting and your hot water heater goes out. There’s an easy thousand dollars or whatever to buy one and have it installed or whatever. That is on the landlord if you’re renting. And that can happen overnight as a homeowner. It even gets worse when you start thinking about heaters and furnaces, or yada, yada, yada, air conditioning units.
Josh Robb:
We’re in the middle of winter. If your heat goes out, it’s not like you can say, “Oh, I’ll save up for that, and get a heater when I have the money saved.”
Austin Wilson:
You’ve got to pay for it right away.
Josh Robb:
It’s cold. You got a cold house, angry spouse, and you need to get that fixed.
Austin Wilson:
That sounds like a Christmas song.
Josh Robb:
Could be. So, the idea there, obviously, is you need to start planning and budgeting for those repairs if you own a home because that is your obligation and your responsibility.
Austin Wilson:
And you’re more apt to make sure things are well maintained and keep up on replacing all those little filters in your refrigerator and stuff like that over time because it’s on you if it goes too long.
[13:52] – Freedom to Renovate and Decorate
Josh Robb:
So the next one, I call it HGTV. So, if I move into this new building, let’s say I’m renting, and all the walls are white and there’s nothing hung on the walls, and I want to make it awesome, depending on my lease agreement, I may be limited to what I can do in the place I’m living.
Austin Wilson:
True.
Josh Robb:
But if I own the home, guess what?
Austin Wilson:
Chip Gains to the rescue.
Josh Robb:
That’s right. I can tune into HGTV, find out what shiplap really is and put it on every wall.
Austin Wilson:
Shiplap, shiplap, shiplap. I’ve watched all of Fixer-upper, I’m not ashamed to say that, with my wife, and we live in a really old house. So, we actually have shiplap on two walls, mostly because it covers up an old doorway that we don’t like. But anyway, it was inspired from HGTV, from Fixer-upper. But I kind of have been lately considering myself more of a Jojo, because I loved baking. Jojo has this recipe for orange scones. This is total sidebar, but my Lanta they are good.
Josh Robb:
Yep.
Austin Wilson:
So if you want good scones, Jojo’s Magnolia Table. That’s not a plug. We’re not endorsed at all. I’m just saying those are dang good scones.
Josh Robb:
This is just straight up Austin recommendation right there.
Austin Wilson:
Just honest truth. So what about the tax impact, Josh?
Josh Robb:
So you’re limited to what you can do in renting and when you own your home, you could paint it bright pink. It’s up to you.
Austin Wilson:
You can paint it bright pink. I probably wouldn’t do that.
[15:21] – The Tax & Insurance Impacts
Josh Robb:
And then, if we move on to the tax impact, it’s not as big of a deal as it used to be. So, the tax act that was passed at the end of 2017 gave a higher standard deduction, which is the default amount you can claim on your taxes to reduce your income. The deduction you can take. That’s defaulted. If you’re married, it’s $24,000 now, 12 if you’re single. And so, that is a higher amount. A lot of people are taking that standard. But before, if you did itemize and show all your individual deductions, you could deduct your interest on your mortgage. And so that interest payment you’re paying, the portion that’s interest, could be deducted. So there’s advantage there.
Austin Wilson:
Prior to that tax law being passed, you actually could also deduct private mortgage insurance if you had that. If you had less than 20% of equity in your home and you had PMI as part of your payment, you could have deducted that where you lost that capability in 2018, or whatever, when that was passed. I think that tax law, on paper kind of discourages. It doesn’t encourage people to buy a home for the tax benefit as much as it used to, but I don’t think we’ve really seen that become an impact of why people aren’t buying homes.
Josh Robb:
No, but what you do see is we, in our industry, have seen people maintain a mortgage in retirement when they had the resources to pay off the mortgage. They kept it for the tax reasons. Now there’s less reason to keep a mortgage in retirement because you’re not getting that deduction anymore.
Austin Wilson:
Well, I guess I’m just going to plug my sidebar now then. So speaking of should I pay down my mortgage or invest? So just like what you just talked about, I was reading this awesome blog article from a colleague of ours named Jess, who is also known as The Everyday Advisor. She had a great article about should I pay down my mortgage early or should I invest that, and we’ll throw a link into the show notes for that. But it’s an awesome blog. She writes blogs every week. Very great, personal finance recommendations on how to really set yourselves up for success, kind of like what we’re trying to do here and she’s really helpful.
Another thing that she talks about in that article specifically is just the choice between paying it down or investing. And her quote was, and I’m going to say this word for word because it really well-worded. So her quote was, “If you have tolerance for market volatility and you have extra cash, I encourage you to invest. It’s the right answer… If you don’t like debt and building equity brings emotional satisfaction, I encourage you to pay down your mortgage. It, too, is the right answer. It’s truly personal preference.”
So, that’s a great point. Not exactly what the discussion is about between rent and buying today, but that is a common question that we can definitely delve into further in a different episode. But definitely something to think about if you’re in that retirement stage.
Josh Robb:
Yeah. Especially with the taxes being changed, there’s less reason.
Austin Wilson:
And they’re always changing. They’re not done changing.
Josh Robb:
So, for renting, going back, the tax impact, renting, there’s no property tax. There’s a lot less involved. Again, because there’s no property involved when you’re renting. So, again, when you’re seeing those school levies, a lot of those are tied to your property value. And so a renter will look at that and say, “I’ll vote for that because it doesn’t impact me at all.” We’ll see down the road if there’s a rent and increase. But the idea there is property tax is another big cost for the homeowner.
Josh Robb:
So, the last thing is insurance. And so again, if you’re thinking insurance, and I’m renting, all my responsibility for is my personal possessions. So, anything that’s within the place I’m renting.
Austin Wilson:
But not the structures.
Josh Robb:
Not the structure. That’s not mine. And so it’s cheap. Renter’s insurance, I remember, we were paying like $20, $30 for renter’s insurance. It’s super cheap. And so that was great. When you’re a homeowner, you have an asset, a property, that is worth quite a bit of money, and you’ve got to pay the insurance to protect that. Not just for a fire or something burned down, but liability. Someone’s on your property and gets hurt, you’re the one liable for it.
Austin Wilson:
Plus all your possessions.
Josh Robb:
And on top of that, everything else.
Austin Wilson:
Yes.
Josh Robb:
So you’re adding additional costs on there.
Austin Wilson:
You’re insuring a lot.
Josh Robb:
Yes. And so the insurance costs, again. So, when you’re just looking at, “Well, here’s my mortgage costs. Here’s my rent costs. They’re about the same. What should I do?” Don’t forget to factor in those other pieces.
Austin Wilson:
Exactly.
[19:17] – Other Good Advice & Tips on Buy or Rent
Josh Robb:
So, we walked through those things to consider on the debate to buy or rent a home. The biggest piece of advice I can offer is, for those that are considering which one, is make sure, whether you choose to buy or rent, you don’t overextend yourself. We see that a lot in today’s society, especially here in the United States, is you’re always looking at the people next door saying, “Oh man, look at that house they have. Look at where they’re living. Look at the car,” and you try to keep up with them, and you can overextend yourself very easy.
And so, when we’re talking rent, there’s a lot of cool amenities that are offered out there and you may say, “Oh, look, just for a couple extra $50 here or $100 here, I can get these cool things.” Well, you may end up paying so much that you’re unable to enjoy them because you got to get a second job, third job, just to cover all those costs.
Austin Wilson:
And I think a key point is that, just because the bank or the mortgage company or whatever, will lend you X number of dollars to buy a house because of your income and your credit history and all of that, that does not mean you need to take all of the available credit options and say, “I’m going to use every single dime that they will loan me to go buy this house.” That’s how people get in trouble.
And I think another thing is that, typically, kind of like Josh was just talking about, as people get through their careers and they start making more and more money, it’s easy to want to continually upgrade your house, to buy another house, to buy a bigger house, to buy a better house, to move out of the city or into the city or whatever that may be, and continually get more and more expensive over time. When if you slow that down, kind of like the 50/50 rule we talked about, when if you get a raise, if you slow that down and don’t let any new money that you’re making hit your budget every single month, put some of that aside and investments or whatever, your lifestyle will increase less and you’ll have less money to want to go buy a new house or whatever, and you can hopefully be a little bit content with where you’re at. And the longer you can stay in a cheaper house, that can make a big difference over time.
Josh Robb:
Yeah, like you said, Austin, the slower you can keep your living or your lifestyle from growing, the slower that grows, the better it will be in the long run. For every dollar you keep out of your budget now, that’s one less dollar compounded, growth over time, that you’ll need in retirement. And so, that’s huge.
And the other thing, too, is we’ve seen people who are what I would call house rich and cash poor, meaning they have value in their properties, but when you need money, it’s not like you can go and cut the corner of your house off and turn it in for a little bit of money. It’s tied to that value of that property, and if you don’t want to sell that property, there’s ways to get the cash out, but it’s very limited in what you can do. And so, again, you can overextend yourself to the point where it’s a struggle for your daily cash flow just because of the costs of that big home.
Austin Wilson:
And just because you can afford that payment, even, every month, not necessarily even on the mortgage origination side, but just because you can afford a $2,000, $3,000 mortgage every month doesn’t mean that it’s the best choice, and that’s the best use of all of that money every month.
Josh Robb:
That’s right.
Austin Wilson:
If you can be okay with a little bit less, that frees up money to, A, invest, B, just have a life. You don’t want to be eating-
Josh Robb:
So, like moderation, then, huh?
Austin Wilson:
This guy, I listen to him a lot. He talks about moderation, mostly involving donuts.
Josh Robb:
That’s really where it comes down to, rent and buying. It’s not a make or break for your financial success. It really isn’t. It’s where am I at in my life? What makes the most sense for my family right now? And then from there it’s kind of re-evaluation. Did things change? Should I look at something differently? Did a great opportunity come up? Those type of things, to allow us to make the decision of where should I be right now. But that doesn’t make or break your success financially.
Austin Wilson:
You can do fine either way.
Josh Robb:
But it can help if you make those decisions and make strategic choices along the way.
[22:55] – Don’t Forget About Your Free Gift & Help Us Grow!
Austin Wilson:
Absolutely. Well, also, just don’t forget that we have a free gift for you and that free gift is a brief list of Eight Timeless Principles of Investing. So they’re kind of overarching investment themes meant to keep you on track to meet your long-term investment and even retirement goals. So check it out. It’s free on our website. We’d love to have you check that out.
Josh Robb:
And to help keep us growing with this new podcast, make sure you tell all your friends about us. We need your help. You can subscribe. That’s great for us. If you leave a review in Apple podcast, that is awesome. The more reviews we get, the better we rank. It’s not a cool thing for us. It’s more, the more we ranked, the more people will see us, the more people we can help. That’s really the whole goal there.
Austin Wilson:
We’re here to help people.
Josh Robb:
Yep, and then if you get any ideas we love talking about what you guys would like to hear about, so email us at hello at theinvesteddads.com. There’s a link on our website. And then also, share this episode. Send it over. There’s a little link on your Apple podcasts or wherever you listen to it. There’s a way of sharing it to send it to somebody.
If you think, “Hey, they’re thinking about this renting or buying option. They may enjoy this podcast.” Make sure you do that.
And in case you missed it, don’t forget our recent episode, we talked about cryptocurrencies and the blockchain technology. So, if that’s something that you love learning about, check out our recent episode.
Austin Wilson:
It was a good one. Well, thanks for being here. We really appreciate you listening and we’ll talk soon.
Josh Robb:
All right, talk to you later.
Austin Wilson:
Bye.
Outro:
Thank you for listening to the Invested Dads podcast. This episode has ended, but your journey towards a better financial future doesn’t have to. Head over to theinvesteddads.com, to access all the links and resources mentioned in today’s show. If you enjoyed this episode and we had a positive impact on your life, leave us a review. Click subscribe and don’t miss the next episode.
Josh Robb and Austin Wilson work for Hixon Zuercher Capital Management. All opinions expressed by Josh, Austin, or any podcast guests are solely their own opinions and do not reflect the opinions of Hixon Zuercher Capital Management. This podcast is for informational purposes only and should not be relied upon for investment decisions.
Clients of Hixon Zuercher Capital Management may maintain positions in the securities discussed in this podcast. There is no guarantee that the statements, opinions, or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. Indices are not available for direct investment.
Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.
