brought to you by the every dollar app start budgeting for free today i just have a question

about the advantages of renting long term like 15 30 years instead of a mortgage um when you're

i'm not really interested in building wealth long term i'm uh i, I guess, interested in like a quality of life now and not taking up my time

with house repairs or my money with house repairs, but just kind of having a life that's

different through renting and I'm not so interested in the building wealth.

How old are you?

I'm 40, and my wife is also 40.

And she's also not interested in building wealth?

No.

I mean, we have retirement accounts and the saving and all that, but in terms of, like, real estate

wealth and that kind of thing long term, we kind of feel like the peace of all that. But in terms of like real estate wealth and that kind of thing

long term, we kind of feel like the piece of mind that comes with renting, knowing that, you know,

there's no surprises, expenses and things like that. Is there an advantage to renting long term

over mortgaging? Yeah. I mean, I think one of the big things is just the diversification piece. So if you

have all of your money, you know,

in the markets, you know, in a sense, to a degree, all your eggs are in one basket on that side

of investing. And then real estate is the next way that we look at investing because of the

long track record that it has. And for you to have home ownership gives you a level of not just diversification,

but I think overall just power. And I understand, you know, that you're, or when you say like,

I don't want to build wealth. And just to be clear, like, we don't encourage people to build wealth

just to build wealth, right? I mean, it's building wealth, I think, to a degree that you have a

level of options in your life.

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