Early Retirement Expert: A House Vs Stocks... (Here Is The Truth)

If you don't get in the game of homeownership, and you rent in your 20s, and you rent in your 30s, you're gonna turn around in your 40s and having not built any net worth. And in fact, homeowners in America are worth 40 times more than renters, and I'm talking about ordinary Americans.

But that doesn't mean that buying a home made them rich, right?

It actually does, and I'm gonna go through that.

But am I not better off renting and investing in the stock market?

I wanna bust this myth 'cause I have spent the last 33 years of my life helping millions of people with ordinary incomes become financially free, including nine years as a financial advisor at Morgan Stanley, and I got to see firsthand how everyone who came into my office with an ordinary income built wealth. And there's a formula to getting rich, but there's also a system to how you put your financial life on autopilot in less than ten minutes. And it doesn't require discipline, a budget, and you don't have to make a lot of money to get started. But unless your financial plan is automatic, it will fail. But more importantly, I believe the next ten years will be the greatest opportunity to build wealth in our lifetime, and yet seven out of ten people right now are living paycheck to paycheck. More than 50% of Americans don't have savings, and most people don't know where their money goes. And in fact, when we ask people, "How much money would it take to totally change your life?" They say $10,000. Now, how much money do you need to spend a day to build $10,000 a year? $27.40 a day. If you invested that a day for forty years, you'd have over $4,424,000. That would be life-changing.

But just before we get into all of the specifics and the strategies, do you have any specific advice to people that are currently struggled with debt?

Absolutely. There's a very simple formula of getting out of debt called DOLE. I'd tell you to-

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