Is Renting Always A Waste Of Money?

Compress Decades Into Days. Get Dan Lok’s World-Class Training Solutions to Grow Your Income, Influence and Wealth Today. Start Here ► danlok-shop.danlok.link
Is renting really a waste of money? In this video, Dan Lok reveals what he thinks about renting vs buying a home. Watch it now to discover if renting is really a waste of money.
Experience Dan Lok Live (In Person Or Virtual) And Discover The Secrets To Scaling Your Business
Join Us ► danlok.com/events
#Renting #Buying #RealEstate #MoneyManagement #MoneyAdvice
This video is about Is Renting Always A Waste Of Money?
• Is Renting Always A Wa...
• Is Renting Always A Wa...

[@DanLok]

What was your biggest takeaway from my video? Comment below. Also, you can comment any questions you have for me. I might feature your question in one of my next videos. Don’t forget. Like. Comment. And subscribe.

[@habibelhousseinih.4028]

Do you have a faith/religion? What is it?

[@bsbegypt2000]

That’s true, some people need to have some patience before taking the decision of buying a home

[@arpitsrivastava7946]

Robert kiyosaki in Rich dad poor dad explain it very well which is better I have ever read in my whole life...

[@i42boboa_]

If you are rich what you are waisting your time in KZbin?

[@arpitsrivastava7946]

In Rich dad poor dad this phenomenon explain in detail and Dan is also right ...

[@tiffanysmith8379]

I love the fact that you are a genuine caring man. You don't have to do videos to educate people, but you do. The videos are also put together very well - time and direct. Thank you. 20% is the biggest pearl of wisdom I'm taking.

[@kisckassnoop7567]

He's a businessman.

[@deccanwhack5972]

Same with me. 20% (or 30%) - depending on where in the world you are located. I think its important that people allocate only a fraction of their net worth to real estate.

[@keikofay9804]

curious question for you Tiffany. Do you see yourself achieving the 20% of net income goal by aggressively upping your net income to diminish its impact on your wallet, or are there rent options nearby to which you will relocate?

[@icore5932]

hes doin this video not just to educate people but because youtube videos generate him passive income.

[@icore5932]

S G i think you misunderstood what I said..

[@HendraWijayaDjiono]

1. Can you really afford it? 2. Is it cheaper to rent or buy? 3. Rent if you are still earning and learning 4. Buy if you are stable and established 5. Buy if you are an entrepreneur and not yet an investor 6. Buy if you are financially successful

[@p.d.9045]

It all depends upon the place where you have to buy ; If the place where you want to buy is low in real estate pricing then obviously individual may able buy instead of rent ; But if the place is high-end cities and real estate is costlier then it's is quiet diff to buy for an average individual; So you have to rent ;

[@SlippyJimmy123]

Contradictions between 5 and 6. If you are entrepreneur you should rent because money is what you need for your business not to invest in real estate, if you are an entrepreneur you are not established yet. In addition, the cost of opportunity is higher. On the other hand if you are a successful investor you may need low risk investments as real estate.

[@mrborat2493]

@@SlippyJimmy123 you're right

[@hilariousbutterfly8618]

@@SlippyJimmy123 An entrepreneur would use the house to live in as well as to run a business from it! Therefore saves rental!

[@noryluis5873]

Thank you

[@Tophymaster]

Renting makes you more flexible in your geography. You can easier move to another state for a new job.

[@cliffbolvin1487]

Wish I learned to rewire my way of thinking in my 20's instead of later 30's. Oh well fuck it! Never too late to start a new beginning. Great videos Dan learned a lot already.

[@anaD.09]

Haha me too! Just exactly what I thought.

[@djwolvesph9302]

I love this Man, no sugar coating. JUST THE REALITY OF THE OUTSIDE WORLD

[@TSPH1992]

This

[@doublejoy5034]

Am commenting from Nigeria, your teaching has change my life positively.

[@TheHelloWorldz]

Renting gives more freedom, I don't believe in stability, so renting is a better choice for me personally.

[@Cookieforevah]

me too, good choice

[@ArtandKitchen_]

@@Cookieforevah for me as of now

[@SuccessFAA100]

Thank you Dan. We as entrepreneurs really appreciate your kindness in making such generous videos.

[@gersonmangundu9678]

Thats exactly what i have been advising my friends. Rent, then invest in some business and then later when you are financially stable and have more than 2 source of income is when you can buy a house. Guess what...they don't fucken listen and now they are stuck debts.

[@_.go._]

Serves them right. I have told the exact same thing to a young co-worker who's trying to show off. He bought a house and his argument was "Did you know that you have to reach a certain income level to borrow money from the bank?" I was like, it's not about how much you earn, it's about how much you keep. His bank account is in the negative with all that interest, but he and his wife have rich parents. It's not relevant, but just thought to throw it out there.

[@andersfranz5367]

Sometimes people just have to learn the hard way before they really get it

[@smithh104]

It's like Dan said in another video :"don't give advices for free, if you give them for free nobody listens" It sounds hard but so many friends I give advices say that's a good advice and they don't follow it. Feels like a waste of my energy at the end of the day

[@Ahem2002]

for me, swap friends with husband. that did my head in.

[@blacksharkswimmer3729]

I rented then invested in a home and family

[@zman7117]

Only 3 ways buying is better:1.) You plan on paying off your mortgage.2.) You live in your house for 10+ years.3.) You pay for your house in cash.Your mortgage payment is basically worthless for the first 5-10 years. You may build up $20-30K in equity during that time, but that could all be erased if the market goes down and your home isn't worth as much. Interest and the cost of repairs, tax, insurance will kill your "investment" unless you're in it for the long run.

[@megg3931]

Hi, from Kenya here. My greatest takeaway: How we take risks” as per me....ill have to save then buy later...have also learn it the hard way.... I wish i had had about you before all the mess....but know i have you...am all ears ready to learn. God shall keep increasing you in health and wealth. Remain blessed

[@ArrioChoi]

Very down to earth suggestions on rent vs buy. Being a Vancouver resident from HK and an entrepreneur myself, I have a lot to relate to your videos. Keep up the good work and I will be waiting for your next video!

[@Adrianbonjour]

"The Richest man in Babylon, " was one of many books that has change my life! Your advice is super great keep making more videos !

[@LawGeek]

Dear Dan, I hope you will read this comment. I really love your videos and I'm inspired by you. I am 18 years old and I try to implement your strategies in real life as well. Thank you for making such useful stuff for us.

[@DanLok]

Keep learning.

[@dj-passwordvlogs7587]

Thanks

[@kimsonpro]

will never find another channel more useful for my life than this. You are truly a life guide, the best trainer & teacher. I'm renting at the moment and with the financial power I'm having I think I'm receiving much more values than buying. switching places, being at the new better locals & neighborhoods from time to time made me feel like I'm going up on the right path, and experiencing more, knowing more people and their needs of different areas from my city, therefore better crafting my products & services, better socializing skill. Guess i'll buy when i am 35, which is 3 years later. Thank you so much, your guidance strengthen my power of will.

[@haroldmanabat4249]

Hello Dan! I'm a young architect and i watch all your youtube videos and it helps me alot in my meetings with my clients. THANK YOU!! Best youtube channel! more amazing videos to come! :D

[@damirko]

With the market so inflated cost wise today so many financial people have been saying to just wait because its all going to drop again soon. Then you can really get some great bargains for your money. Great Lecture. I'm all for buying but at the right time. Esp since this market is due to change.

[@TomLally]

Such a great video my friend. After becoming homeless at the age of 15 I then began renting with the help of the government of course while studying. I'm still renting but it would be great to afford to buy. Fast forward and I'm now 25 and working as a Barista and photographer. With a mindset of business, with so much passion in my heart to just 'do'. For years I've been learning about myself and the universe. Thank you for these videos, truly inspiring and helpful. Peace and Love.

[@TheRealMaxCruz]

Finally a video about rent vs buy that actually makes sense. Thank you Dan, I’ve been saying the same thing for years and there seems to be no middle ground. There are people who are focused 100% on one side and they believe the other side is completely wrong. I love how you bring the cashflow and realizing that our personal finances we also need to understand our cashflow and based on that make a decision. Thank you again.

[@HealthyWellnessSource]

Thank you so much. Great points. Definitely helps me see how renting can be very practical depending upon where you're at in life. You are my favorite channel on YT!

[@crawfordkmcdonald7313]

Dan, you are so good at living in the grey, life is not black or white, we need to see situations for what they are...not what they are for others! Thank you!

[@henryslab]

"Your primary place of residence is not an investment." Thank you for doing away with that lie. Great video!

[@jeckieboyalfmac8026]

Your thinking it wrongly. Of cors if u have a lot of money, why would you drag your home dat is considered your sanctuary anywhere just to occupy all of your houses? U can live to any of your houses but a main home is far more different from your other houses becoz it provides you a sense of privacy and identity. You literally put all things into idiocity.

[@JourneyInsideMX]

I recently found your your KZbin channel and i have to say i fucking love the fact that you are just so legit, when you talk you simply speak the truth. Thank you for your videos! Thank you for sharing your knowledge

[@CatchaDouble]

Hey Dan, wishing you love, wisdom and continued prosperity. God bless you.

[@Legendaryhutch]

This video was well detailed, seeing that I'm a starter I will rent for now, then later proceed to buying when I developed my high income skill

[@explorerboy1537]

I love you Dan Lok. I'm 19 years old.You always motivate me to work hard and achieve my goals. Thank you🙏 🙏🙏🙏🙏🙏

[@69Fabulosity]

I've viewed a lot of videos but his was the most honest down 2 earth & easiest approach options depending on where u R @in ur life!

[@vilnisbrilcs9136]

Great advice on the 20% rule for personal residence. Your home is not an investment, but a place to live. It's wonderful to have a nice home, but if you keep it modest and within the reasonable percentage of net worth, it changes how you think. Most people who get homeowner fever go way overboard and their personal residence owns them! They can never invest and are always stressed! I can honestly say this from personal experience. Dan, thank you! I always learn something, and love to keep learning.

[@isaicampos7014]

Thanks Dan! Been trying to explain this to my wife and you definitely cleared things up!

[@MindNow]

*It always depends on YOUR situation* Thank you for sharing this with us, Dan! Winny out... _for now_ 😉

[@koophoebe3199]

thank you so much! So timely, i planned to buy a new house but when i see this video i have second thoughts and decided to rent still for at least 3 years more. Love watching your videos. I'm learning a lot.God bless!

[@thejarlessjam]

I've been binge-watching Dan Lok's videos and I must say that I'm motivated to invest on my strengths in order to create a high-earning skill. Thank you Dan Lok for opening my eyes and for dragging my ass back to the ground instead of working on my "passion".

[@dominte88]

Thanks Dan for the great advice. Your videos are tresure! Greetings from Romania!

[@mr.washington1415]

I been watching your videos and it has moved me to do more of investing than saving after I watched your video differentiating between the poor and the rich. I really love your videos. You inspire me a lot.

[@CliffordStarks1]

I love how you break it down Dan. It is too complicated of a question to just say yes you should or not you shouldn't. Well done Dan, you are appreciated friend!👍

[@shopplaylist5896]

Since I am also from Hong Kong and live in a western country like you , I totally am on the same mentality path as you. I have gained so much inspiration from all your educational videos. You always analysis your points of view by steps and it's very effective in its delivery. Well done...

[@janoulehla4607]

Hello from Czech Republic ! Man, Im 18 years old and theese minds are really usefull for me. Thank and you

[@michaelc7302]

Thanks a lot Dan - I like the part about taking risks and using your home as a savings account lol . How true .

[@MONUKUMAR-jk8xl]

Thanks Dan! Many people have talked about it but none of them were as practical as you. They talked in general but your explanation took into account many variables. Thanks!

[@alexabraham9035]

Shifu. It's such a great video because you have decoded and simplified a ( nagging) question that all human beings have at some point in time of their life. It's a clear instructions manual for anyone ( searching for an answer to this existential question) at any stage of his or her life. Thank you so much for being the light, dispelling THE darkness.

[@glitchingcore]

I am gonna learn, because I'm only 13. The biggest takeaway from video is the whole video

[@MrWilliam.Stewart]

Most people learn a financial education when it's too late to fully enjoy the benefits it brings. The fact you're even watching videos like this tells me you have an unfair advantage.

[@khateebanwer7466]

it's never too late to learn sir.I'm 17.

[@glitchingcore]

@Flamed65 it is never late remember

[@blitzace9728]

@Flamed65 never to late to change.

[@eli48527]

@@khateebanwer7466 also 17

[@andersonfiolina2879]

Dan, thks a lot for your advice especially when it comes to this important decision

[@alexjoy7545]

Dan was waiting for that video loong time:) You are amazing! Thank you

[@iDreamOfOkra]

Another great straight to the point video packed with actual good info as opposed to the crap fluff from most other “success” videos on KZbin. Rock on Mr. Lok

[@valerieboileau8033]

Thank you, Dan.

[@williamlarge6861]

Very good advice👍

[@blessall8856]

Thank you, Dan. Owning/renting guidelines you gave are spot-on and well thought out.

[@joshrickard8493]

This is the best advice I have ever heard on this subject . Many disagree with owning , but i own my home and work from home. Thank you Mr.Lok

[@pasqualerossi6052]

This is guided towards Residential Real Estate only. Rent until you can buy outright. The amount of the interest is somewhat similar to renting. You didn’t really lose or gain much anyway, in most cases the appreciation is similar to the interest amount. To financially successful people, Real Estate is like to us our savings account.

[@webstercandaganan7915]

Thanks Dan Lok :)

[@murrayson1]

This was so helpful, thank you! I felt like o was going to be throwing money away if I don’t invest in a property, but truthfully I need the flexibility because I don’t think I’ll be living here in the next few years. Thank you!!

[@vanhnaamphonephong7705]

Wow!!!!!! Dan!!!!! Thank you sooooo much, I needed this just to confirmation! 🙏🙏

[@maximhollandnederlandthene7640]

Buy a smaller house then you can afford, don't neck yourself 🙂

[@mynigga7451]

and ware a vest everyday and put irons bars on the windows.. what a way to live..

[@fromthefuture7172]

Test the air before you breath.

[@jasonmorris448]

that was nice how he broke it down In steps Thanks

[@legacy4L]

Man your videos have my full attention, just great information that your giving us! Thank u

[@KadrianThomas]

I've listened to many persons talking about this topic and I must say this is the most clear cut practical advice on the topic that I've listened to so far.Thanks Sifu Dan

[@mindaugasg9892]

Number seven 777 :) If you want to buy property but rental income it gives you back all money only in 10 years or longer, DO NOT BUY. Only buy if rental gives you all your money in 5-9 years! If rental is lower, then is better to rent. Very simple mathematics, if property cost 300,000 USD/EUR/GBP rental should be 3000eur a month. Just take out two last numbers from the purchase price and you will get your monthly rental. If rental is lower than this number, then you should consider to rent only, or buy only if you are financially strong and it is your primary home. Greetings to Dan Lok!

[@dablackpimp3955]

huh? where do i find this>>>> 300,000 USD/EUR/GBP rental should be 3000eur a month

[@joejitnarin7226]

Are you suggesting that a rental property must return at least 10% ROI a year, cash? I suppose you don't factor in the maintenance, property taxes, and mortgage interest yet because the rent should be somewhere around 4,500 - 5,000 euros a month to make 10% ROI for you. You actually have to price your rent based on property appreciate percentage per year & the general rent similar units in the area is - otherwise your unit would be empty for a long long time.

[@mindaugasg9892]

LAST FREE ADVICE: when you do a rental agreement, don't charge for 1 month! always charge by weeks, and you will get a 13-months rental at the end of the year! hope you know how to calculate ?

[@tada3922]

Cap rates of 10% is unrealistic unless it's a CRE in EM

[@MDSZilla]

Dan I’ve been watching your videos for a while now, its amazing how you explain things well. It would be great if you could show us some of your own copywriting samples or successful copies. Thank you for being a inspiration.

[@DanLok]

Thank you.

[@secretspourrayonner1503]

MDSZilla totally agree

[@peternguyen1899]

Look at his ads, his entire work is copy writing in action , well duh.

[@Brian-yw7yd]

That's how Dan began to make his money, by copywriting. Success advice, if you want to learn copywriting then learn from Dan. Case closed

[@Disrupter64]

That’s just asking for too much man..

[@realabzhussain]

This man just keeps on delivering. Incredible value again. Thank you.

[@victornunez9204]

Thank you for taking your time to make this awesome videos👍🏽

[@Final_Boss]

I went out to the movies and watched 'Crazy Rich Asians' last night with my friends, it's basically Dan Lok's life.

[@ryanowen3026]

Evol 😂 trueeeeeeeeeee

[@oops541]

I'm an Egyptian girl from a millennial generation. Thanks a bunch for sharing your advice, knowledge and wisdom with us, sir. God bless!!

[@kamranhanif2836]

u a beautifull girl.

[@misterrodrigopd]

Best vídeo on the subject. Great point! Thank you Dan

[@brunorodrigues300]

Very clearly, many people would say never buy a home, but depends the situation

[@leunganson154]

Currently, I think Hong Kong people will all need rent rather buying. The most expensive price in the world. Unluckily, I live there.

[@jasonstallworth]

If the cost of renting vs buying is the same (give or take) it seems it would make sense to buy because you're at least building equity, assuming you didn't buy the home at full price, right? I get it...if mortgage would be substantially higher than renting, then rent and use that extra money to invest in something else, right?

[@meteormadie3157]

Thank you so much Dan for making these videos. I'm a real estate agent. When I'm lost and don't know who to go to or learn from. I'll look for your videos and I always got tbe answer.

[@PK-lt9jg]

I really like the way you present and analyze issues. You are very practical. The true life situations.

[@Nateson]

Love this, makes sense why my broke friends think it’s crazy to lease a car.

[@G_Realest]

I know they calling me waste of money 😂... I was like I’m not listening to them :P

[@thisisnotok2100]

In my situation, I will rent (until I save up enough to pay cash for my house.) If you finance, you end up paying the whole price of the house several times over in the length of the mortgage through interest, and if your AC goes out, it also comes out of your pocket. Those two factors together will keep me renting for a while.

[@willnestor6422]

why pay cash for your house? you could make 10x the money back if you invested that cash and paid monthly for the mortgage. that would make the interest on the house irrelevant.

[@darkmanx2g]

You shouldn't think of it like that. If you rent a place for 10 years. Those 10 years u have paid for rent is gone. If you lived in the house for 10 years. You sell it. You get back the money you paid for the mortgage and equity on top of that.

[@darkmanx2g]

Also don't forget about the tax breaks every year. You'll be receiving money back on interest payments on mortgage every year.

[@Akira-bd6lx]

@@darkmanx2g Think of all the money you could save and invest in 10 years from paying rent instead of mortgage.

[@peterzhou3483]

Sifu, you are the best! Your advice is always coming from a place of caring and genuineness. Real estate is nice, but sometimes people fail to realize if their house is an asset or liability. "Your primary residence is not an investment" is my biggest take-away.

[@fredv481]

Dan Lok is a great mentor: I did not even finish my high school or even go to college, I'm only 24 and I'm from a poor & broken family. At age of 22, I start my online business in my apartment, and 2 years after my business take off and now I have my own house and luxury car, jet, and yacht. So far I have 3 companies running with good and stable income. I always watch Dan Lok video

[@ThatsTheApp]

Best channel on KZbin. Period.

[@soufianeodf5386]

I think sam ovens channel is better

[@rapbisnar]

MY GUY.

[@alfredokpulor6299]

I want to buy a property in america and hong Kong without money,from Nigeria,watching this video as an entrepreneur for investment,where do I start sourcing for funds?

[@dv2lntn135]

So much value! Thanks, Dan!🙏🏻

[@chorathmy]

Thank you. Taking most of the points from this video. So not going to rush to buy a house now. Thank you again... 🙏

[@joysticks_and_buttons]

I rented for years when I was moving around for work. I wasn't living in any one area for more than a year or two at a time. So renting made sense. Now I've settled in one place I've bought a house. Again it makes sense for my current situation. The benefit to buying is getting the mortgage paid off by the time you retire. Who wants to be paying monthly rent in their retirement years??! It's far better to buy, pay the mortgage off and have that extra cash in retirement. Buying is an investment that pays off years down the line! Plus it's something to pass on to your kids.

[@Sunflwrbtch]

Joysticks & Buttons I paid mine off in 7 years on my own. It’s doable for sure

[@lisastatuto9081]

You never really own your home. You still have property taxes, home insurance and keeping up with maintenance. Buying a house is not an investment. You don't make money by buying a house.

[@Sunflwrbtch]

Lisa sweetness2014 with anything you have to pay your taxes. That’s just how it is with the government. From a long term perspective It’s cheaper than renting and beats living on the streets. Unless you build an off the grid house and hide it in the bushes so you don’t have to pay for the land you live on that would be cool OR you can live in a van. Lots of videos about that these days whichever tickles your fancy

[@lisastatuto9081]

@@Sunflwrbtch I'm still not convinced to buy a house. It costs too much money. You came into this world with nothing and I want to leave this world with nothing.

[@Sunflwrbtch]

Lisa sweetness2014 yeh I totally get where you’re coming. I hate throwing my money away to these people too. But you’ve still got to play the game to survive

[@mayurkale2227]

Buy when it's on sale...😊my home is my asset..I live on 2 ND floor and making 2000$ from ground floor so I'm Happy

[@mynigga7451]

i DONT WANA LIVE LIKE THAT.. i wanna die happy not need to do stuff like you.

[@enlighteninggoddess8900]

thank you so much for this advice DAN

[@atiyahpetersen3137]

Thanks so much! Very informative and profound!

[@EngineeredTruth]

Renting now to stay mobile, but planning to buy in the next 1-2 years

[@dennisdavis9666]

Thank you Dan! What about buy vs lease automobiles? I was always taught to buy never lease. Thts?

[@DanLok]

Dennis, maybe I will make a video on this.

[@SuperConanz]

Dan Lok please

[@alena1vlog474]

Yes! Please do make a video about this....I'm currently debating with a friend over this matter. She says leasing is actually cheaper for her, I say buy a reliable car cash (Toyota, Honda) and drive it at least 10 years....

[@chek1n]

bottom line, lease if you want a new car every once in a while. buy if you want to keep the thing until the wheels fall off.

[@TheFabFoo]

Leasing means your hit with interest over the period of time you're​ making payments on the car so I don't know where she got that from. Buying a new car is never a good idea if you can't afford it in cash. Car's lose value fast and don't gain equity. If you can't afford it in cash don't buy it!

[@VietnamCuisinewithlocals]

I watch your videos every morning to get the energy for the day. Thank you so much for your tips.

[@MrCancerh89]

Thanks a lot for sharing those tips! I am an entrepreneur and we started our business back in 2016. By the end of 2017, we paid off our debts and got back our money. We have been growing about 23% each year. Well, we have been renting for many years because we wanted to save our money to do business. Now, we are planning buy a house next year! We currently have more than we need for the down payment, but it has been busy at our business and I have been putting my time and energy to keep growing.

[@lifeofme3172]

My advice: rent till you are comfortable enough to make 20 percent down payment of the mortgage. Excellent video from Dan 👌

[@jhoncena1111]

That means your rent has to be super cheap. One might need to save more than 20% if they make under 30k per year.

[@thisistotallyfine]

Rent now and wait for the housing bubble!

[@yourlifedesigned6351]

Great clip Dan. It's easy to get caught up thinking buy buy buy, but often renting is the sensible option. Good to build awareness around this. Good insights Dan!

[@HumbertoMalaspina]

Fantastic video. Great!. Thanks Dan.

[@0toamillion920]

Rent where you live & buy property where you can afford and make your ROI in 5 years.

[@Pimping9167]

Hold on to it until the value of the house go back up

[@joshmanuel6802]

I've bought a 500k property and leased it out for $2,500 per month and even if the value had dropped to $375k I would lose out if I sold but the rent will still be the same as it increases over the years.

[@wutwut1728]

Grant cardone knowledge

[@RVTHELIGHT]

That 10x knowledge from from the great Grant Cardone. Dan Lok and Grant Cardone are my 2 mentors and if you want to learn to be wealthy i advise you to make them yours as well.

[@mynigga7451]

@@joshmanuel6802 That only works when you buy CASH. I hope you buy CASH

[@theostanley2239]

The one important topic you missed is CASH FLOW, e.g. percentage of income towards the bond payments.

[@reginardberiber3676]

thank you for that message Dan.,

[@kenwoodlo8]

Just the information I was looking for. Finally, a smart man breaks it down and it makes complete sense! Time to BUY!

[@Artonox]

Im running close to 29, and I am still probably at the earning and learning stage, so im basically still at my parents house.

[@ViETxSOULJAx]

Artonox what did you do with your time foo

[@user-nj1zu2nf1x]

@@ViETxSOULJAx lol ouch. Still plenty of time though.

[@RizalHarun]

No worries, you still have a lot time to grow

[@pensatoreseneca]

Time wasted by not being independent, you will not grow up

[@jesussamurai8433]

I feel you 24 and I can't even land my first job. An IT degree and nothing to show for it.

[@Theoatrix]

I'm gonna buy Dan !!!

[@briansmith2238]

Good to hear a range of reasons to buy and not to buy, and the key ones being where you are in life (career, family, investments,...) and physically where you are (housing market, taxes on rental properties, job opportunities,...).

[@ivankusmererwa4805]

Thanks for your amazing guidance and inspiration

[@sovannt8392]

When your average 2 bedroom house is around 550k and you need a minimum deposit of 20% down payment and the minimum wage is 16$ an hour lol.. the house prices and deposit requirements are crazy here, not to mention the mortgage repayments

[@soymilkshake]

Buying a house is a privilege or luxury not a requirement.

[@peterlondon4110]

Buy out of state where properties are cheaper ...and hire a property manager to manage it for you ...

[@killman369547]

woah woah woah. you're trying to find a house to buy on minimum wage? i believe that falls under the category of "trying to run before you've learned to walk". you'll need a better job first if you want a house. something in the $25 - 35/hr range, or equivalent salary.

[@seagramrip187]

Rich smart people rent if you buy property your stuck there most of your life paying the bank until your 60 plus of your life if you rent you can live anywhere even places we’re you will never be able to buy but for me I just rent 5 star hotel casino rooms and stay at one casino for a month then move onto another place the next month all expenses paid from my pro baccarat gambling peace 👍👍👍

[@arleneaugustahair8393]

BACCARAT PLAYERS um NO! If you’re smart, you will pay extra on the principal every month and pay off your house faster. Then you can buy another house and do the same. It also depends on a person’s financial situation.

[@makhosininkosi2430]

I love your teachings Dan. As a pastor myself, I see some things in you that tells me you should have been also a pastor, (turning a blind eye on the vulgar lol). Not taking away your current profession, I think you are an awesome guy and I'm learning a lot from you. Thank you for sharing all this stuff with us man. You rock.

[@ErayYT]

Great insight, Dan. As a young man it's hard to find real time advice on this topic.