How to Be A Self-Made Millionaire
According to CNBC.com, Not buying a home is the single biggest millennial mistake.
The article : Self-made millionaire: Not buying a home is the single biggest millennial mistake - is written by: Kathleen Elkins
Published 1/2/17 by CNBC.com
"While opponents of homeownership claim it’s ”the American nightmare, ” self-made millionaire David Bach is doubling down on his faith in real estate.
He thinks that not prioritizing homeownership is “the single biggest mistake millennials are making.”
Buying a home is “an escalator to wealth,” he tells CNBC.
Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake, Bach warns: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 timeswealthier than a renter.”