Rob and Kim Kiyosaki debate whether you should buy or rent your home. They discuss the pros and cons of renting -vs- owning your own home, discussing both the personal and investing perspectives of this common question amongst investors, millionaires and entrepreneurs.
KEY TAKEAWAYS
- Owning your own personal home means you can truly make it a home and make it your own, you’re free to do what you please aesthetically with the house.
- If it is much cheaper to rent than own, then it makes sense to rent. But if a mortgage isn’t much more or it’s cheaper, then you should buy.
- Buying your home isn’t an asset, but it is an investment, in your family especially.
- All money you pay in rent is dead money at least when paying a mortgage, some of it will allow you to own something.
- Owning your own home can mean you are able to secure loans for other things.
BEST MOMENTS
“Your personal residence is not an investment, it’s a real personal endeavour”
“I wanted my own place where I could do what I want and make it my own”
“Everyone says you should rent and not buy but all rent is dead money”
“Having a home and equity is security, you can get loans”
“Kim Kiyosaki agrees with Rob Moore”
VALUABLE RESOURCES
bit.ly/Robsupporter
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
See omnystudio.com/listener for privacy information.
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