At the end of the last KLE, I left you with a question that I struggled with in my early years of investing and one that you may (or should) be struggling with right now:
Should you rent, or buy your own home?
I have seen a lot of rubbish written on this subject … stuff like “renting is just dead money” or ”a house is a liability” … so let me set you straight.
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… if you’re not prepared to even do that, it’s time to unsubscribe to the $7 Million 7 Year Wealth System, because you will never be much better off than broke.
Task 1: How comfortable are you with idea of putting any ‘spare equity’ (that you may build up in your house over time) to work for you? Be honest! For example, one day you may find that you need to borrow against your house to invest elsewhere.
Task 2: Regardless of whether you are currently renting or owning/financing your own home, think about what you now believe you should do. Should you rent or buy?