It’s Sunday, which means...It’s recap time!

This week, I talked about the decision to rent vs. buy. Anytime you’re contemplating a large purchase, you should always calculate the cost of ownership along with your expected usage to determine the real cost, then seriously ask: Does it make sense to rent instead?

Here’s what I covered in each episode this week:

  • Rent or Buy - how to approach the question
  • Rent or buy - big ticket items. We spent a day each on vacation homes, RVs, boats
  • And then we talked about how to get creative and put some thought into those smaller purchases like power washers, skis, golf club memberships, and leaf blowers.
  • And lastly, yesterday I showed you a method for calculating the true cost of ownership for any big ticket item you might be contemplating, and then how to apply that cost to your expected usage to determine if it really makes sense to buy.

Hopefully after listening to the One Minute Retirement Tip this week, you are better equipped to make well-thought out and sound decisions about those big and small items you’ll contemplate purchasing in retirement.

If you missed any of these episodes or if you want to revisit any of them, you can find them on iTunes, Spotify, or Google Play by searching for the “One Minute Retirement Tip with Ashley”.

Tomorrow, we are starting a brand new theme: Index investing. Index investing has become very popular over the last couple decades. Index investing offers a convenient and cheap way to build a diversified investment portfolio, so next week I’ll share with you what you need to know about index investing, and some common pitfalls to avoid to help protect you and keep you from getting burned.

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday!

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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