Caller

They don't need to be told, you're about to make a big mistake. They need to be told, hey, you guys are trying to maximize your investments. I'm on board with that. Hey, look at this because this could be a route for you to do that. That could be even better. So play to that part of them that's trying to do better instead of playing to the part of, oh, you're going to make a big mistake. Yeah.

They don't need to be told, you're about to make a big mistake. They need to be told, hey, you guys are trying to maximize your investments. I'm on board with that. Hey, look at this because this could be a route for you to do that. That could be even better. So play to that part of them that's trying to do better instead of playing to the part of, oh, you're going to make a big mistake. Yeah.

They don't need to be told, you're about to make a big mistake. They need to be told, hey, you guys are trying to maximize your investments. I'm on board with that. Hey, look at this because this could be a route for you to do that. That could be even better. So play to that part of them that's trying to do better instead of playing to the part of, oh, you're going to make a big mistake. Yeah.

It's not your retirement, though.

It's not your retirement, though.

It's not your retirement, though.

I do, I do.

I do, I do.

I do, I do.

All right. Today's question comes from Jared in Maryland. He says, I've seen videos on social media recently of money coaches telling people that it's better to rent as opposed to making payments on a house. With rent being completely out of reach for most people, it seems wrong to suggest covering someone else's mortgage rather than investing in our own equity and net worth. What's

All right. Today's question comes from Jared in Maryland. He says, I've seen videos on social media recently of money coaches telling people that it's better to rent as opposed to making payments on a house. With rent being completely out of reach for most people, it seems wrong to suggest covering someone else's mortgage rather than investing in our own equity and net worth. What's

All right. Today's question comes from Jared in Maryland. He says, I've seen videos on social media recently of money coaches telling people that it's better to rent as opposed to making payments on a house. With rent being completely out of reach for most people, it seems wrong to suggest covering someone else's mortgage rather than investing in our own equity and net worth. What's

I think it just depends on the person and it depends on the situation. There is not a one size fits all approach to renting or home buying because it is a direct reflection of where we are financially speaking. So it can't just say renting is bad or buying a home is good at every turn because that's just not the way it works.

I think it just depends on the person and it depends on the situation. There is not a one size fits all approach to renting or home buying because it is a direct reflection of where we are financially speaking. So it can't just say renting is bad or buying a home is good at every turn because that's just not the way it works.

I think it just depends on the person and it depends on the situation. There is not a one size fits all approach to renting or home buying because it is a direct reflection of where we are financially speaking. So it can't just say renting is bad or buying a home is good at every turn because that's just not the way it works.

So the way I like to think about renting, Jared, is renting is buying yourself time until you're ready to buy a house. That's really what it is. It's I don't believe that renting long term is or for renting without ever the the goal of buying a house. Yeah, that's not a great idea. You're going to be throwing money away long term. So that's not good.

So the way I like to think about renting, Jared, is renting is buying yourself time until you're ready to buy a house. That's really what it is. It's I don't believe that renting long term is or for renting without ever the the goal of buying a house. Yeah, that's not a great idea. You're going to be throwing money away long term. So that's not good.

So the way I like to think about renting, Jared, is renting is buying yourself time until you're ready to buy a house. That's really what it is. It's I don't believe that renting long term is or for renting without ever the the goal of buying a house. Yeah, that's not a great idea. You're going to be throwing money away long term. So that's not good.

But if you're renting for a short period or even a long period until you're able to afford to buy a house the correct way, I think it's a great thing. Now, let's talk about the other side of it, because a lot of people think buying a house, no matter what, get into a property, get into a house, no matter what, you got to start building wealth.

But if you're renting for a short period or even a long period until you're able to afford to buy a house the correct way, I think it's a great thing. Now, let's talk about the other side of it, because a lot of people think buying a house, no matter what, get into a property, get into a house, no matter what, you got to start building wealth.