My First Million Why You Should Rent Even If You’re A Millionaire
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Mar 6, 2024 
Ramit Sethi, author and personal finance guru, joins to discuss the surprising financial sense of renting, even for millionaires. He emphasizes viewing home purchases as luxury decisions rather than investments. Ramit dives into the real costs of ownership and the importance of aligning housing choices with personal values. He advocates for a debt-free approach to large purchases while challenging traditional perceptions of wealth and homeownership. The conversation stresses the benefits of flexibility and cost-effectiveness when renting.
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The Role of Luck
- Sam Parr reflects on the role of luck in success.
- He believes it's important to acknowledge luck alongside hard work.
Renting for Convenience
- Sam Parr is renting a furnished home because he dislikes home maintenance.
- He finds joy in calling someone else for repairs.
Consider All Costs
- When considering buying vs. renting, start with the numbers.
- Factor in costs like taxes, maintenance, and opportunity costs.
