4min chapter

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#1102 Meet Kevin - Millionaire YouTuber Reveals His Business Strategies

The Pomp Podcast

CHAPTER

Don't Buy Your Home, Rent It

The average net worth of a homeowner is around $200,000 right now. If you just buy a home, even if it's with 5% or 10% down, and the payment is even remotely similar to what the rent would be, you have to pay to live somewhere. You are paying that property often 30 years, you'll own it. So every single month, that's like a for savings account. But because you have to make that payment, you're actually forcing yourself to save. A lot of people want to wait until they have a family; moving with kids is a nightmare.

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