Owning a home is unaffordable for many people today. Here is some good news! If you rent, you can grow your wealth as fast or faster using the same 2 ideas that benefit homeowners. Tenants have several major advantages over homeowners for wealth building. Many homeowners think their home is their best investment. But that is unfortunate. It is easy to find better investments with dramatically higher long-term returns. Despite the lower returns, homeowners on average are wealthier for 2 non-investment reasons. Tenants can use the same 2 ideas to grow as much or more wealth. In my podcast episode you'll learn: How do homes compare to other growth investments for rate of return? Why is it unfortunate for people if their home is their largest investment? Why do they call home equity "dead equity"? What are the 2 non-investment reasons homeowners tend to be wealthier? Why do homes start being a great investment but then stop? What are the advantages tenants have over homeowners for wealth building? How can you make renting your secret to smart wealth building? What are 3 effective strategies to grow wealth faster without owning a home? Many people feel they are missing out because they cannot afford to buy a home or choose not to buy a home. They may think that owning a home is the cornerstone to building wealth and eventually being financially independent.
