Should You Ever Buy a Multimillion Dollar Home? | Ep. #562

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 13 February 2018

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #562, Eric and Neil discuss why you should probably not buy an expensive home. Tune in to hear on what you should actually be spending your money on. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: Should You Ever Buy a Multimillion Dollar Home? [00:34] The home Eric just sold was worth close to a million. [00:43] Neil has lived in some big homes. [00:55] Neil had an expensive condo on the Las Vegas Strip because the builder was selling them for less than their value. [01:20] Neil doesn’t think homes are valuable and a waste of money. [01:34] Neil’s friend has a two-bedroom condo and believes real estate is one of the worst investments. [01:52] You could make more money investing in Tech. [02:00] If you are interested in real estate, look up Grant Cardone, who has a funny YouTube channel all about it. [02:09] Eric’s mom is a real estate agent and she is always pushing him to buy a home. [02:31] Eric and Neil would rather invest in businesses and themselves. [03:19] All the homes Neil has ever purchased were for investments. He believes in staying in hotels and dumping money back into tech. [04:00] Instead of wasting money on a down payment, put it back into your business. [04:13] You are better off renting. [04:54] Warren Buffett talks about staying in your lane. [05:10] Eric and Neil focus on investing in what they are good at or that they understand. [05:38] If you choose to have a big home, use it to have dinners for entrepreneurs. [05:57] Dinners led to $200,000 in deals for Eric’s company. [06:15] Eric originally paid for dinners, but then found a way for his guests to pay for it. [06:23] He used Eventbrite and put a price on the ticket to dinner. [06:37] That’s all for today! [06:39] Go to Singlegrain.com/Giveway for a special marketing goodies giveaway! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Get ready for your daily dose of marketing strategies and tactics from
0:06.8	entrepreneurs with the guile and experience to help you find success in any
0:11.4	marketing capacity. You're listening to marketing school
0:14.5	with your instructors Neil Patel and Eric Sue.
0:19.4	All right guys before we start we got a special message from our sponsor.
0:27.0	If you want to rank higher on Google, you got to look at your page speed time.
0:31.5	The faster your website loads, the better off you are. With
0:34.4	Google's core vital update, that makes it super, super important to optimize your
0:38.5	site for low time. And one easy way to do it is use the host that Eric and I use dream
0:44.5	host so just go to dream host or Google it find it check it out and it's a
0:49.3	great way to improve your load time.
0:51.6	Welcome to another episode of Marketing School.
0:55.0	I'm Eric Sue, and I'm Neil Patel, and today we're going to talk about if you should
1:00.0	ever buy a multi-million dollar home.
1:02.0	So I have some thoughts around this. I mean the home that I just
1:05.2	sold is close to a million dollars. It's not a multi-million dollar home. So I'm going to have...
1:09.2	And you made money good job. Congratulations. Thank you. But I'm going to pass this over to you because you have actually lived in some pretty big homes.
1:16.0	Size-wise, I don't think they're too big.
1:19.0	Talking money-wise.
1:20.0	Yeah, so my problem is I end up liking living in cities, so it's quite costly.
1:28.0	And I had a condo on the Las Vegas Strip, that was expensive.
1:31.0	But only...
	...

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