Jaspreet Singh

But if you refinance before that 15-year mark, that starts over. And so this is where banks understand the game. Again, I'm not against buying a house, but you got to understand the game of money. And most people don't understand that. And so the mistake that people make is they buy a house they can't afford.

But if you refinance before that 15-year mark, that starts over. And so this is where banks understand the game. Again, I'm not against buying a house, but you got to understand the game of money. And most people don't understand that. And so the mistake that people make is they buy a house they can't afford.

And now they're paying all this money into their mortgage, thinking that I'm building wealth. They no longer have money to save. They no longer have money to invest into other real assets. And their money is just going to pay down their mortgage, thinking that this is going to build my wealth. But you've been sold a lie.

And now they're paying all this money into their mortgage, thinking that I'm building wealth. They no longer have money to save. They no longer have money to invest into other real assets. And their money is just going to pay down their mortgage, thinking that this is going to build my wealth. But you've been sold a lie.

Let's make the numbers very simple. You want to buy a $100,000 home. And let's say the banks require a 20% down payment, $20,000. You could do a few things. Number one, you can take that $20,000 and go out and buy this house. And now that's how that money has been used.

Let's make the numbers very simple. You want to buy a $100,000 home. And let's say the banks require a 20% down payment, $20,000. You could do a few things. Number one, you can take that $20,000 and go out and buy this house. And now that's how that money has been used.

But if you use that money to buy the house, you lose the opportunity to take that $20,000 and say, use it to buy a rental property. You lose the opportunity to use that $20,000 to invest in the stock market. You lose the opportunity to take that $20,000 and maybe build a business. Now the question is, what is going to give you the best and most growth?

But if you use that money to buy the house, you lose the opportunity to take that $20,000 and say, use it to buy a rental property. You lose the opportunity to use that $20,000 to invest in the stock market. You lose the opportunity to take that $20,000 and maybe build a business. Now the question is, what is going to give you the best and most growth?

Now hopefully this house that you buy will go up in value. It's not guaranteed. We know that houses don't always go up in value, no matter what your banker says, no matter what your real estate agent says, because we saw what happened after the 2008 crash, where real estate prices were slashed in half. It was as much as 93% real estate values dropping in the state of Michigan, where I am.

Now hopefully this house that you buy will go up in value. It's not guaranteed. We know that houses don't always go up in value, no matter what your banker says, no matter what your real estate agent says, because we saw what happened after the 2008 crash, where real estate prices were slashed in half. It was as much as 93% real estate values dropping in the state of Michigan, where I am.

So we know real estate prices don't always go up. Stock prices don't always go up. Businesses don't always work. Everything has a risk. But now the question is, which risk do you want to take? And which risk do you want to take first? Are you in a situation now where you're ready to go out and buy a house? Or do you want to build your wealth first a little bit more?

So we know real estate prices don't always go up. Stock prices don't always go up. Businesses don't always work. Everything has a risk. But now the question is, which risk do you want to take? And which risk do you want to take first? Are you in a situation now where you're ready to go out and buy a house? Or do you want to build your wealth first a little bit more?

And that's the question that I want people to start thinking. Am I ready to buy a house? And then people say, well, if I go out and invest my money, the problem is, housing prices keep going up. I'm chasing this housing market. It keeps getting more and more and more expensive. And you're 100% right. It's a risk.

And that's the question that I want people to start thinking. Am I ready to buy a house? And then people say, well, if I go out and invest my money, the problem is, housing prices keep going up. I'm chasing this housing market. It keeps getting more and more and more expensive. And you're 100% right. It's a risk.

Ich musste in einem Hotel bleiben. Der Hotelbetrag zahlt jemanden einen Betrag. Es zahlt jemanden eine Hochschulabgabe. Es zahlt jemanden etwas. Wenn ich in ein Restaurant gehe und essen gehe, zahle ich jemanden einen Betrag. Ich zahle jemanden eine Hochschulabgabe. Ich zahle jemanden Geld. Weil wenn du rausgehst und reist, sagt das jeder. Ich mache meinen Landwirt reich.

Ich musste in einem Hotel bleiben. Der Hotelbetrag zahlt jemanden einen Betrag. Es zahlt jemanden eine Hochschulabgabe. Es zahlt jemanden etwas. Wenn ich in ein Restaurant gehe und essen gehe, zahle ich jemanden einen Betrag. Ich zahle jemanden eine Hochschulabgabe. Ich zahle jemanden Geld. Weil wenn du rausgehst und reist, sagt das jeder. Ich mache meinen Landwirt reich.

Wenn du in einem Restaurant isst, machst du den Restaurantlehrer reich. Wenn du in ein Hotel gehst, machst du den Hotellehrer reich. Wenn ich einen Mug kaufe, mache ich den Muglehrer reich. And the reality is, yeah, it's good for you to own a house. But are you ready to own a house? Can you afford to own a house? And what do you want to own first? I rent where I live right now.

Wenn du in einem Restaurant isst, machst du den Restaurantlehrer reich. Wenn du in ein Hotel gehst, machst du den Hotellehrer reich. Wenn ich einen Mug kaufe, mache ich den Muglehrer reich. And the reality is, yeah, it's good for you to own a house. But are you ready to own a house? Can you afford to own a house? And what do you want to own first? I rent where I live right now.

I am making my landlord rich today. I also rent where my office is. I am making my office landlord very rich because my office rent is very expensive. Do you feel bad for me? I hope not. And this is where we have to get over these money myths that many people keep selling you, that you can't build wealth if you rent where you live. You can't build wealth if you don't get a good degree.

I am making my landlord rich today. I also rent where my office is. I am making my office landlord very rich because my office rent is very expensive. Do you feel bad for me? I hope not. And this is where we have to get over these money myths that many people keep selling you, that you can't build wealth if you rent where you live. You can't build wealth if you don't get a good degree.