Check out the latest advice ask below:
Dear xoSelf,
I am torn on whether to purchase a house or start my business. I saved $30k on my own, but I do have a partner and she wants us to invest in a house which is great, but I would rather invest the money into us starting a business. She disagrees. Any advice on how we can meet in the middle?
Related article: 75 Small Business Ideas for Under $5,000
A: I think it’s possible to do both. However, homeownership much like starting your own business not only requires capital but a lot of TLC. So, how much are you both realistically willing to spend in cultivating your financial endeavor? If you ask me, is it possible to buy a house and use some of that space for the business? Maybe consider buying a multi-family and make the bottom apartment the business? The possibilities are endless!
Related article: Finding Funding to Start my Small Business
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Dr. Walter Hidalgo is an educator and coach. He has a master’s of arts in Church History and Sociology from Union Theological Seminary at Columbia University and a doctorate from New York Theological Seminary where his focus was on the intersectionality between Hip-hop culture and socio-spiritual movements. He has taught in universities, high schools, prisons, not-for-profit organizations, and faith-basedinstitutions from all over the world. And finally, he is the author of the critically acclaimed book, “Beyond the Four Walls: The Rising Ministry and Spirituality of Hip-hop” where he
has worked with numerous Hip-hop artists, educators, and youth from all over the world to