Homeownership isn't for everyone, money coach says: Don't fall for artificial ‘pressure to buy'

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Homeownership isn't for everyone, money coach says: Don't fall for artificial ‘pressure to buy'
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Latina financial expert Jannese Torres, host of the “Yo Quiero Dinero” podcast, discusses what she has learned about certain milestones such as…

In her upcoming book,"Financially Lit!: The Modern Latina's Guide to Level Up Your Dinero & Become Financially Poderosa," author Jannese Torres discusses how she became the first woman in her family to graduate from college, build a career and achieve what she believed were marks of success.

"It's just important for people not to just feel this pressure to buy a home because you're a certain age or you've reached a certain life milestone," said Torres, a Latina money expert who hosts theOp-ed: Financial literacy is the civil rights issue of this generation25% of Gen Zers say they'll need a therapist to deal with tax filing stressWhy overspending is one of the biggest financial mistakes you can...

CNBC spoke with Torres in early April about what drove her to write her new book, how she has worked through"financial survivor's guilt," and why pursuing the American dream can become a nightmare for some.

I couldn't find a single book that was specifically marketed to the Latina community or Latinos in general being the majority minority in this country. It's going to require folks to give themselves some compassion, and to be okay to feel those feelings. But don't let them sabotage you. It's going to require some boundaries that you learn to exercise and also being okay with feeling like you're on this island by yourself. When you're the first to do something, it's always going to feel uncomfortable.

Homeownership is one of those things where more people need to question if they have the personality, lifestyle, or the value system for this, or are you just wanting to do it because that's what everybody else is telling you to do.

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Homeownership isn't for everyone, money coach says: Don't fall for artificial ‘pressure to buy'Homeownership isn't for everyone, money coach says: Don't fall for artificial ‘pressure to buy'Latina financial expert Jannese Torres, host of the “Yo Quiero Dinero” podcast, discusses what she has learned about certain milestones such as…
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