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Episode 3319:
Julien Saunders challenges the long-held belief that homeownership is the ultimate symbol of financial success, revealing the hidden costs, inefficiencies, and limitations it often creates. By examining oversized houses, expensive mortgages, underutilized space, and geographic restrictions, he encourages a more intentional approach, buy smaller, avoid unnecessary debt, and prioritize flexibility over blind adherence to the “American Dream.”
Read along with the original article(s) here: https://richandregular.com/the-fallacy-of-homeownership/
Quotes to ponder:
"If homeownership was such a sure shot to building wealth, wouldn’t we know more wealthy people?"
"Borrowing the maximum allowable amount of money for a home benefits banks, not you."
Episode references:
The Declaration of Independence: https://www.archives.gov/founding-docs/declaration-transcript
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Optimal Finance Daily - Financial Independence and Money Advice