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Reacting to Bad Money & Financial Advice

The Money Podcast

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The Importance of Rent

If you cannot get a mortgage, what do you do? Live with your parents or pull together with five or six of you. You don't get income to pay off the rent. And I all go to the landlord because you don't get given that back when you leave. What's the one main piece of safe, secure collateral that every bank will lend you money for, even if your credit is fucked? Real motherfucking estate. Yes. The real M.A. If you want to be entrepreneurial and you want to stop wasting money, rent is one of the biggest wastes of moneyBecause it's one of your biggest expenses that you don't getting a return on.

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