Vacation offers fill our email and mail boxes every month. Some consider simplifying their vacation choices by purchasing a vacation home, timeshare or by joining a vacation club. But these investments may seem confusing and have hidden issues to watch out for. Listen to Rick and Brandon’s stories and take away some tips before considering one of these vacation opportunities.
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- List priorities (with money)
- Paying for kids college?
- Paying for new car?
- Buying new house?
- Don’t go into debt because of a “good opportunity”
- Needs vs. Wants
- Make sure you have all the information you need. Don’t be afraid to ask
- Keep in mind the time value of money
- Make sure vacation homes are easily accessible
- If you cant afford to fly to it regularly, don’t buy it!
- You need to be able to upkeep the home
- Make sure you know the area, if not, learn it
