The Diary Of A CEO with Steven Bartlett

Passive Income Expert: Buying A House Makes You Poorer Than Renting! Crypto Isn't A Smart Investment

1082 snips
Jan 12, 2026
Guest
JL Collins
In this insightful discussion, JL Collins, a seasoned financial educator and author of 'The Simple Path to Wealth', shares his unconventional take on personal finance. He argues that renting might be a smarter choice than buying a home, as ownership can trap wealth and limit flexibility. Collins emphasizes the power of low-cost index funds and warns against speculative investments like Bitcoin. He also dives into the psychological impacts of finances and the importance of achieving financial independence, framed as 'F-U Money' for greater life choices.
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00:00 / 00:00

Three-Step Simple Path To Wealth

  • Avoid debt, live on less than you earn, and invest the surplus consistently.
  • Use stocks, especially broad low-cost index funds, as your primary long-term wealth engine.
00:00 / 00:00

Think Twice Before Buying A House

  • Avoid buying the largest house a bank will lend you because it often raises your long-term costs.
  • Rent or buy only what you can easily afford to preserve capital and flexibility.
00:00 / 00:00

Mortgage Is Only The Starting Cost

  • Mortgage payments are the starting point; renovations, taxes and maintenance quickly add variable costs.
  • Those variable costs and unexpected repairs can make homeownership far more expensive than equivalent rent.
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