Chapter
The Truth About The Real Estate Investment
24:13 - 32:37 (08:24)
Real estate is not the best investment ever as most people are told from a young age, since there are phantom costs that people do not count, such as taxes and maintenance. Instead, if you want to keep growing your money, you can invest it in a non-retirement taxable account and that money will grow like crazy.
Clips
Investing in the market when it is down can be a good move for young people with time on their side.
24:13 - 29:11 (04:58)
Summary
Investing in the market when it is down can be a good move for young people with time on their side. Owning a home is not always the best investment and investing in a non-retirement taxable account can lead to significant growth.
ChapterThe Truth About The Real Estate Investment
Episode712 Money Habits: How to Create a Rich Life with Ramit Sethi
PodcastThe School of Greatness
Real estate may not always be a great investment considering the phantom costs associated with it such as taxes, maintenance and hidden expenses.
29:11 - 32:37 (03:26)
Summary
Real estate may not always be a great investment considering the phantom costs associated with it such as taxes, maintenance and hidden expenses. Additionally, it's a popular misconception that owning a home is the best investment; this may just hold true for real estate investors and not for the average person.