Heads up for renters!
Even though it’s how nearly all of us start out, renting is hard. But so is paying a mortgage.
Hard is just a fact of life.
But here’s another fact: You get to choose your hard.
It’s up to you whether you want to work hard to pay rent (which also happens to drain wealth) or work hard to build your wealth with a mortgage.
Just guessing that you’d rather build wealth, though.
The way to do that is by starting the process of buying your first home. When you’re a homeowner, you’ll pay your monthly mortgage, which will allow you to build equity.
Equity is the magic of real estate as it’s the amount you own of your house.
That means when you sell your home down the line, you get everything you paid into your home (plus extra due to appreciation) back into your pocket.
Renting just can’t do that.
