18min chapter

My First Million cover image

Why You Should Rent Even If You’re A Millionaire

My First Million

CHAPTER

Navigating Debt and Homeownership

This chapter explores the philosophy behind debt and the purchasing of large assets like homes, advocating for a cash-based approach to major purchases. Through personal anecdotes, the speakers challenge the conventional wisdom of homeownership, arguing that renting can sometimes be the more financially sound option. They discuss practical considerations of home features and the complexities of ownership, emphasizing the importance of aligning personal values with housing decisions.

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