American self-made millionaire: If you want to be rich, don't buy a house!



Unless you have about $20 million in a bank account or in cash, never even think about buying a house!

The article below is the view of the famous self-made American millionaire Grant Cardone.  He is the owner of 3 companies worth millions of dollars and is a famous author.

"Many people wonder if they should own a house?  My answer is unless you have about $20 million in a bank account or in cash, otherwise never think about buying a house!"

 People often think that the only way to save money is to buy a house.  But often when you buy a home on installment payments, you will only own it completely when you get old.  Nobody wants to wait until old age to own a house, right?

 A house is not an investment because it doesn't bring you money every month.  In fact, you even lose money on it every month.  That is why a house is not an asset, it is a debt.

 Someone will say: Why pay rent when it's completely possible to buy?  Because you can't leave.  Who wants to be imprisoned for 30 years?  Meanwhile, you can be mobile and move fast when renting.  Mobility is a wonderful thing in today's world.  So why need to settle in only one place?  Instead invest money in yourself or your business.

American self-made millionaire: If you want to be rich, don't buy a house!

Buying a house when you have about $20 million / ph: pexels

Here are better ways to actually invest than to buy a house.

1. Invest in yourself

The need to invest in yourself no matter your age is recommended.  When I was 25 years old, I invested $3,000 to buy a sales program that was designed to make my job better.  Becoming a better version of yourself will never let you down.

2. Focus on income

Owning a house or not is not related to your financial situation.  So many people focus on saving, but their real problem is that they haven't made enough money yet.  I always encourage young people today to devote their energies to one thing that is to raise their income enough to make real investments.

3. Invest in something profitable

 After you have achieved a sufficient level of income, you can start thinking about investing.  As I mentioned above, buying a house to live in will never bring you money.

 When starting to invest in yourself, focus on increasing your income.  Then, using your proceeds to be poured into an investment that will pay off for you in the future, you will become rich.

 Most Americans believe that getting rich is nearly impossible or not important.  If you look at this world, you will see that the rich are the only group of people who are safe.  And they do not get rich by buying a house.

 The rich will be forever rich, they can survive through inflation, high unemployment ... because they always have investments that bring them money.

 The idea of ​​just being "comfortable" by the middle class is a dangerous one.  If your hope is a house, you will be disappointed.  Don't get caught in thinking that house is the ticket that drives you to wealth.  Buying a house, going to college have long been the point of wealth for most people.  This may have been true in the past, but not in the present.

American self-made millionaire: If you want to be rich, don\'t buy a house!

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