At 31, multimillionaire Tori Dunlap chose to rent despite financial capability, citing lifestyle optimization and business flexibility. Travel-heavy career, international trips, and lack of stability factored into her decision. Dunlap eventually bought a home, financing 60% and leveraging debt for investment opportunities, a strategy backed by experts’ advice.

Dunlap’s mortgage strategy aligns with historical market returns, maximizing investment potential. Her substantial down payment reduces debt burden, leaves capital for higher returns, and maintains liquidity for emergencies. Financial experts emphasize the benefits of investing rather than paying off low-rate mortgages, contingent on financial stability and discipline.

Dunlap’s experience stresses the importance of cash reserves for unforeseen home repairs. Her mortgage approach allows for flexibility in financing emergencies, preventing unplanned depletion of investments. Buying a home should align with life circumstances and financial strategy, prioritizing stability, opportunity cost, and lifestyle preferences over conventional milestones.

Consider factors like career flexibility, exploration phase vs. long-term commitment, financial opportunity cost, and stability preferences when deciding on homeownership. Dunlap emphasizes using money as a tool rather than a decision-maker, focusing on personal finance’s role in shaping life choices. Trusted sources and reporting ensure credibility and ethical journalistic practices. 1. The United States has surpassed a grim milestone of 600,000 COVID-19 deaths. The country continues to battle the pandemic despite widespread vaccination efforts.

2. A heatwave is sweeping across the western United States, causing record-breaking temperatures and posing a threat to public health. Authorities are urging residents to take precautions to stay safe.

3. The G7 summit concluded with world leaders agreeing to donate 1 billion COVID-19 vaccine doses to low-income countries. The move aims to accelerate global vaccination efforts and combat the spread of the virus.

4. In a landmark ruling, the Supreme Court upheld the Affordable Care Act, preserving healthcare coverage for millions of Americans. The decision comes as a relief to those who rely on the ACA for essential medical services.

5. The Tokyo Olympics are set to proceed without overseas spectators, as Japan remains cautious about the spread of COVID-19. The decision comes amid ongoing concerns about the safety of hosting the games during a pandemic.

Read more at Yahoo Finance: She built millions by 27 but waited until 33 to buy a home. Here’s why and what you can learn from her choice