4 signs you can afford a second home, according to a financial planner - Business Insider

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4 signs you can afford a second home, according to a financial planner

has worked with a number of professionals, executives, and retirees over his nearly 20-year financial planning career. "A second home is something that comes with a lot of costs and a lot of blood, sweat, and tears," he says.

But if renting a vacation home isn't the move for you, there are a few signs that you can afford to take the plunge and spring for a second home of your own.

Given that, you'll have to save cash to keep up with the maintenance. It's not uncommon for financial planners to adviseYou don't need to rent it out to keep up with payments

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