@steven: “Don’t do this if you want to be wealthy" 👀 Financial expert JL Collins says buying a home can be one of the biggest financial mistakes people make. His concern is that the hidden costs of owning a home can quickly push your lifestyle and spending higher than you realize. He believes renting can sometimes give you more flexibility to keep your costs low, save more and put that money towards building wealth instead.
Rent for 10 years. You’ve spent $250K. You own nothing. Buy a house after 10 years, you’ve spent $250K + $50K expenses. But now your asset is worth $300K and it’s all yours.
2026-10-10 11:32:46
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Butterfly🦋kiss 💋 :
The rich don’t want you to buy the house. They want you to rent from them.
2026-10-10 10:11:15
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truthsforall :
I bet he's a landlord
2026-10-10 10:52:56
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Chadda Bom :
100% he owns his home AND rental property
2026-10-10 11:01:21
1337
Dangerousvibes1911 :
So......! I'll pay rent for 30 years and own nothing. 🤔 Got it! 🤦🏽♂️🤷🏽♂️
2026-10-11 15:17:21
1
B :
I’m happy to pay rent and not be responsible for the upkeep and taxes of buying a house.
2026-10-11 15:15:53
1
David Wu, M.D. :
Sorry that’s bad advice. My property value went up despite the cost. Tax breaks push you even further to the positive.
2026-10-11 15:16:23
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Sylviacb :
Bet he owns a house.
2026-10-10 14:31:30
721
jinxpowder015 :
You literally get your money back if you take care of the house and sell it later. You get zero back from an apartment….
2026-10-11 15:05:23
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dqr4189 :
I just bought a house and I’m very happy with the decision…
2026-10-11 15:15:06
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SirRenothegreat1 :
Dude owns the apt complex 😂😂😂
2026-10-11 15:17:47
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✨LizzyB✨ :
Rent also dramatically inflates whenever your landlord feels like it
2026-10-10 13:27:25
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_unbothered_ :
Buying a house is the best financial investment I've made so far. 💯
2026-10-10 21:12:06
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james :
I keep hearing this from billionaires and millionaires and yet many of these people own vast properties and they are getting rich from it. Hypocrites and liers
2026-10-10 09:46:38
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JDuck500 :
so don’t get a $2500 mortgage, get $1500 mortgage.
2026-10-10 21:31:27
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swadz94 :
Every rich person owns a home....
2026-10-11 13:03:52
5
Sam DR :
I'm old school. Bought in London and abroad on the beach. Bricks and mortar
2026-10-11 05:18:24
0
S :
Renting isn’t fixed…it goes up 😂
2026-10-11 01:49:03
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MonyMony :
there's no security in renting. the landlord can put u out anytime. getting decent housing is also difficult. expensive to move house. I dis agree with this man whole heartedly.
2026-10-10 09:07:53
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dizzy_70 :
A house is an asset - you can’t sell a rental property 20 years down the line. Renting is dead money
2026-10-10 09:31:46
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Roger :
Here’s what you shouldn’t do if you want to get wealthy. Don’t listen to people making generalizations and whom make sweeping statements that they think apply to all people in all situations.
2026-10-10 14:26:49
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Noah :
Renting is ONLY beneficial if you INVEST the difference you save. Most people don’t tho
2026-10-10 22:16:44
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O leeps :
advice from a homeowner, didn't listen to his scam, rent goes up forever, your mortgage doesn't
2026-10-10 13:58:29
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terrible panda :
The rent constantly gets increased most of the time when you rent while a mortgage is fixed to one price. Not sure what he’s saying.
2026-10-10 12:59:20
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Anis Menasria :
And when you retire your rent keeps getting higher 😂
2026-10-11 00:52:56
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