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Episode 3331:
FIRECracker challenges the conventional wisdom that owning is always better than renting by sharing a personal story of how car-sharing saved thousands and reduced stress after a nasty accident with a white van. With sharp humor and financial insight, she makes a compelling case that renting both cars and homes can lead to greater freedom, fewer surprises, and accelerated wealth building, especially in high-cost cities.
Read along with the original article(s) here: https://jlcollinsnh.com/2016/10/21/buy-your-freedom-rent-the-rest/
Quotes to ponder:
"Renting lets you get ahead, because you don’t need to take the financial risk to maintain a physical asset."
"The costs of owning are WAY higher than people think, and the worst part of these expenses are they are often unexpected."
"Stress free and predictable. That’s the key to freedom."
Episode references:
Enterprise CarShare: https://www.enterprisecarshare.com
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Optimal Finance Daily - Financial Independence and Money Advice