Rent or Buy? What Should You Do?

rent or buy - traits of the rich house hopping

Should you rent or buy your next place? This is the age old question that many people answer incorrectly.

If you live in West Michigan (like I do), here’s the advice you’ll likely get in life:

Go to college Get good grades Snatch up your future spouse Get a solid job Stop throwing your money away in rent and buy a house

By the way, this should all be done before you’re 25 years old….

So is this advice that we should all be listening to? I’m going to go with, “Heck no” on this one Bob.

This advice might work for a few of you and you’ll be happy as clams for life. For most of us though, this just won’t work out. Some will grow unhappy with the massive debt load and others might even end up destitute!

What worked 50 years ago just doesn’t work the same . . . → Read More: Rent or Buy? What Should You Do?