‘Feeling the squeeze.’ I make $60K a year, but pay $3.5K a month in rent. I’m getting $100K from my divorce and am considering using it to buy land to rent out. Is that the right move?
Update: 2025-10-29
Description
A listener seeks advice on navigating the high cost of renting and homeownership, with a savings of $100,000 but facing a skyrocketing rent. They explore creative ideas like turning land into a rental business, but financial experts suggest safer options like money market mutual funds or spreading investments. They also consider moving to a less expensive city, buying a duplex, or using a Roth IRA for retirement savings. The listener is advised to find a financial advisor who understands their unique situation and can help navigate various scenarios.
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