Self Made Millionares Give Millenials Advice
If your renting and not buying a home in 2018 your making a costly mistake. David Bach, author of bestseller “The Automatic Millionare” explains purchasing real estate is an escalator to wealth.
Do the math: A renter can easily spend half a million dollars or more on rent over the years ($1,500 month over 30yrs is $540,000) and in the end still end up with nothing.
Spend that same amount or less paying down your mortgage and you the end you Own your home free and clear.
Whenever a well respected millionare gives investment advice people tend to listen. This millionaire gave very simple advice- if you don’t live in your own home, Go Buy One.
Call The Pay it Forward Team at eXp for help taking the next step to becoming a homeowner.