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Ask Dave

Should We Start A Down Payment?

Is it time for this listener to save for a down payment for a house, or should they start growing their money by investing?

QUESTION: Listener is debt free and has an emergency fund. He is renting and wonders if he should invest or save for a down payment.

ANSWER: If you save aggressively a down payment in a year or two, I'd do that. Don't stay out of long-term investing for too long. Rent as cheap as you can and get a good down payment.