4.6 • 2.8K Ratings
🗓️ 29 November 2024
⏱️ 31 minutes
🧾️ Download transcript
We hear a lot of personal finance creators - and the American populace more broadly - talk about home ownership like it’s some one-way ticket to the good life.
But the truth is in fact a lot more complicated than that. So we’re gonna dive into the numbers and show you how to assess the factors specific to your life, so that you can make a more informed decision along your path to wealth.
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Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.
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0:00.0 | Here's an important money question. |
0:02.7 | Is homeownership the best path to wealth? |
0:11.5 | Brent, I am so excited to talk about this because we hear a lot of personal finance |
0:17.2 | creatives and really the American populace in whole, talk about home ownership, |
0:23.1 | like it is the end-all be-all to wealth creation and to being able to build wealth. |
0:28.6 | And so in today's show, we want to put that to the test. |
0:30.9 | Is that in fact true? |
0:32.8 | Well, I've often wondered, is it just because people don't save and invest money? |
0:38.6 | You know, because a lot of people will a house because it's just part of what you do as you go through life. But very few people |
0:45.1 | actually let their money start doing the work from. So this will be a great experiment to say, |
0:49.3 | hey, let's actually separate the different behaviors you can do, whether it's renting and investing or whether it's buying, or if it's one of these people, because there are debt crusaders to just go hog wild and try to pay it off as fast as possible. |
1:02.6 | I can't wait to see the answers. |
1:03.6 | Yeah, and truthfully, personal finance is personal. |
1:06.4 | And so it may turn out that the right decision for one person might not be the perfect decision for |
1:12.3 | another person. So we want to dive into that and see how making one small decision or really |
1:19.1 | one large decision for most folks, the largest decision they'll ever make in terms of dollars |
1:24.1 | and cents, how it can impact your financial life. But you know what's another decision you can make than have a huge impact on your financial life? |
1:31.0 | I can't wait to hear this. |
1:32.3 | To subscribe right now to this channel so you can stay up to date on all the content that we put out there. |
1:38.2 | So, Brian, you've already set the table here. |
1:40.0 | You said, let's talk about the three different options that generally exist when it comes to |
1:45.0 | housing. What are those three options? |
... |
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