#017 Is Renting "Throwing Money Away"?
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#017 Is Renting "Throwing Money Away"?
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Saying that rent is "throwing money away" is a myth, and a SUPER expensive one when people buy houses they can't afford to "start building wealth." Renting buys you time to save up a strong downpayment and emergency fund for the heavier responsibilities of home ownership.
Learn about what it means to be "house poor," the percentage of your monthly budget that should be for housing, and how to know if you're financially ready to be a home owner.
Subscribe to us on YouTube @themattmoneyshow - or wherever you get podcasts. Check out our instagram @themattmoneyshow and DM us your money question!
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