Why You Should Rent Even If You’re A Millionaire
My First MillionEpisode 559: Sam Parr (https://twitter.com/theSamParr) talks to Ramit Sethi ( https://twitter.com/ramit ) about why buying a house makes zero financial sense.
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Show Notes:
(0:00) Intro
(3:30) Set your rich life intention
(7:30) Don't confuse luck with skill
(8:00) Sam's journey from owner to renter
(11:30) Do the math: Real cost of ownership
(15:30) Buy for desire
(17:30) Pay in cash for large purchases
(19:00) The 10 year rule
(24:30) Ramit's list of must-haves
(29:00) Sam's dream house
(32:00) Sam's war on stuff
(39:00) When to overspend
(44:00) Millionaires who rent
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Links:
• Ramit on Twitter - https://twitter.com/ramit
• Ramit on YouTube - http
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