How To Afford A House by The Age of 25 Years Old
There aren’t many instances when you can have your cake and eat it too. This “one or the other” mindset, though, doesn’t always reflect reality and could even limit future options. A case in point is millennials and homeownership: many incorrectly believe homeownership is merely a liability that will limit their fun and travel. I will explain why this is a fallacy and tell you how, in my mid-twenties, I was able to buy a house and travel the world. More info with regards to Penrose pricing here.
Financial decisions always require some forethought. While counterintuitive, purchasing a home earlier in life will often enable you to travel more. A house is an asset that can generate income and one likely to increase substantially in value over time. If you don’t buy a house, sooner rather than later, you will be subjected to ever-increasing rents. Moreover, you won’t receive rental …