The Importance of Reckless Spending

When I show people, for example, that if you take a mortgage, you might as well just add on 50% to that mortgage to account for taxes, interests, maintenance, opportunity costs. They can't believe it. In fact, when I go further and tell them that it's actually been a better decision for me to rent than to own, it's like somebody's telling them the sky is green. There are gigantic phantom costs with each of those phrases. And so we simply meaninglessly repeat these phrases. We don't want to throw rent away easier than teaching opportunity cost and doing a buy versus rent company. So let's talk about a couple of other things on the show that