Chapter
The Truth about Real Estate as an Investment
11:18 - 18:14 (06:56)
The podcast challenges the widespread belief that real estate is the best investment by examining the circumstances that lead people to make this decision. The host explains that it only makes financial sense to purchase property if you plan on living there long-term and can cover the transaction fees over a period of at least 7 to 10 years.
Clips
The podcast challenges the idea that real estate is the best investment, highlighting the need for a minimum 7 to 10 year investment to see returns and the many exceptions to this rule.
11:18 - 13:20 (02:02)
Summary
The podcast challenges the idea that real estate is the best investment, highlighting the need for a minimum 7 to 10 year investment to see returns and the many exceptions to this rule.
ChapterThe Truth about Real Estate as an Investment
Episode#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
PodcastThe Tim Ferriss Show
The speaker explains how there are investments made for optimizing financial ROI and others for optimizing different things.
13:20 - 14:43 (01:23)
Summary
The speaker explains how there are investments made for optimizing financial ROI and others for optimizing different things. He offers a personal example of buying real estate and using mortgages, highlighting the importance of changing financial decisions as circumstances change.
ChapterThe Truth about Real Estate as an Investment
Episode#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
PodcastThe Tim Ferriss Show
The importance of following good advice for the majority of the way, in order to earn the right to take advantage of individual specialties and differences, is discussed in this podcast.
14:43 - 16:53 (02:10)
Summary
The importance of following good advice for the majority of the way, in order to earn the right to take advantage of individual specialties and differences, is discussed in this podcast. The speakers share personal experiences of times when following advice did and did not make financial sense, but ultimately felt right based on their individual situations.
ChapterThe Truth about Real Estate as an Investment
Episode#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
PodcastThe Tim Ferriss Show
It's important to understand other people's financial decisions before judging them based on our own values and experience, as there are often underlying reasons behind these choices that we may not be aware of.
16:53 - 18:14 (01:21)
Summary
It's important to understand other people's financial decisions before judging them based on our own values and experience, as there are often underlying reasons behind these choices that we may not be aware of.