Episode Details
Back to Episodes
STOP Saving to Buy a House! (BIGGEST Financial Mistake)
Description
FREE Training & More : https://linktr.ee/russellleeds
If you're saving up to buy a house to live in, stop!
It could be the "biggest financial mistake" you ever make. This week on The Property Investors Podcast, Russell and Anna debate the financial logic of buying your own home versus renting where you live and using your capital to build an investment portfolio.
Russell argues that buying a house to live in is an emotional decision, not an investment, and that combining the two is a major red flag.
The only way to approach property is by looking at the formulas and making decisions based on your Return on Investment (ROI).
We look at how to calculate ROI and why capital appreciation should only be considered a bonus.
FOLLOW US ON SOCIAL MEDIA:https://www.instagram.com/russellleeds/https://www.instagram.com/anna.n.leeds/