Millennial Revolution – Denouncing the Cult of Homeownership

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 1 December 2016

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Joining me on today’s episode of the Financial Independence Podcast are FIRECracker (Kristy) and Wanderer (Bryce) from Millennial Revolution!

Kristy and Bryce exploded onto the scene after a video clip of them attacking the religion of homeownership went viral (it is now the most-viewed and most-shared video on CBC.ca, Canada’s largest news website).

During our interview, we dive into the viral video, explore why they believe buying a home is usually a terrible idea, and find out what they’ve been up to after retiring in their early 30s!

Highlights:

Buying a house vs. retiring early
Delusional homeowner math and how to avoid it
Why you should rent everything
The benefits of using a financial advisor
How reaching financial independence is different in Canada
Why you should follow your dreams on the side

Transcript

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0:00.0	I'm blind to give you a true finance.
0:05.0	Hey what's up everybody.
0:07.0	Welcome to the Financial Independence Podcast, the podcast
0:09.0	where I get inside the brains of some of the best and brightest in the personal finance space
0:12.0	to find out how they achieve financial independence.
0:15.0	On today show I'm excited to introduce Christie and Bryce from millennial revolution.com.
0:19.0	Christy and Bryce are a Canadian and they took the world by storm when they challenged the cult of home ownership
0:25.9	especially in Toronto it's a big deal up there and everybody seems to be buying houses and the prices are going
0:31.1	crazy but rather than do that, they use their savings instead to retire.
0:37.0	So now they're retired in their early 30s and they're traveling in the world and that would not have been possible had they just done what everyone else seems
0:44.8	to do in Toronto and that is sink all their money into a house and then spend the rest of our lives
0:49.2	working to pay that off.
0:50.2	So I'm looking forward to diving into their stories so without further delay Christine Bryce thanks a lot for being here. I appreciate it.
0:55.3	Glad to be here.
0:57.3	So Christie your firecracker Bryce your wander just want to put link those two up so people from your blog know who's
1:05.2	talking is that right? Yeah that's right. Yeah that's right. Yeah that's us.
1:08.8	Good so where are you guys at? Okay so right now we're in Chung-My Thailand and we're staying in
1:16.2	Thailand for the next two months so chilling out in in Chai and then
1:20.6	heading out to check out the beaches.
1:23.0	I swear, what beaches?
1:25.0	So Colanta has actually been our favorite because it's more like low-key and type of the beaches that's like not too crowded
1:34.4	so that's that's the main one that we're gonna be checking out.
	...

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