Ken Coleman
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Podcast Appearances
We were talking earlier, it's expensive to own a home.
And especially if it's not something you're interested in right now, I don't think that's a bad thing.
However, I do think long-term, there is going to be a time where you're going to want to stabilize that line item on your budget.
And the only way you really can do that is by purchasing a home.
And we do find that it is a major part of people's wealth building potential, right?
When we did the biggest study of millionaires, we found, yeah, owning a home is a huge part of becoming a Baby Steps millionaire.
And so for that reason...
I would want that in the cards for you in the future.
But if you're saving towards it, for you, honestly, you're probably going to be at the point where you buy it in cash because you're such an investor, you're such a saver.
I don't think there's anything wrong with that.
And writing out that timeline, you could be 40 when you buy your first house in cash.
Yeah, I don't mind that.
I don't mind.
That's a huge win.
And you know what's great about this?
The freedom that comes with this.
You're just stacking cash.
You're going to be in a position to do that.
But you've also got a lot of freedom.
So I think in your position, I love that advice.