I'm a Self-Made Millionaire: Here's Why I Rent and Don't Buy My Home [Yahoo! Finance]
BAE SYSTEMS PLC S/ADR (BAESY)
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Source: Yahoo! Finance
It stands to reason, then, that all self-made millionaires own houses because homeownership is the key to building and preserving generational wealth, right? Not necessarily. GOBankingRates spoke to one self-made millionaire who chooses to keep renting despite having more than enough money to buy a home of his own. It's part of a larger strategy to build generational wealth through real estate while lowering his housing costs. Discover More: I'm a Self-Made Millionaire: This Is the Best Purchase I've Made To Grow My Wealth Read Next: 6 Genius Things All Wealthy People Do With Their Money Sponsored: Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity. The Arguments for Renting Homeownership as the cornerstone of middle-class wealth and security is not a universally agreed-upon concept. According to Forbes, there are four primary financial arguments in favor of renting a home instead of buying. Rent
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