"The single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.”-- David Bach (self-made millionaire)
In my latest project, The Road Map to Financial Freedom, I interviewed past client Gabriel Oloyede on his journeys to achieving financial independence through homeownership. In this 12-minute interview you'll learn first hand some of the keys to Gabriel's success as a millennial homeowner and investor.
One of the books Gabriel is currently reading is David Bach's "Automatic Millionaire" where he highlighted the excerpt:
"As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear and using the equity to ”
I hope you like, share, comment and enjoy!!
--By Jumoke Akiosi
