Why You Should Rent To Live And Buy To Invest
me to change my place of residence, at the lowest cost, having regard to my family’s changing needs.”
He further improves the deal by pre-paying his rent, sometimes for a number of years, and getting a handsome discount from the landlord. When his needs or mood changes again, he just moves on and repeats the process.
“But what about all that lost rent he had to pay?” I hear you say, “that surely reduces your wealth development.”
And I say, “what about all that interest you pay on your non tax deductible home loan?”
Understand ‘Rent and Interest’ are money that comes out of your ‘net after tax’ pocket, we just call them different names; that’s all!
In Phil’s case he has clearly segmented his personal real estate accommodation, as rental, from his real estate investment ownership accommodation, maximizing the benefits of the wealth growth tools and enhancing his wealth development with little interruption
April 29th, 2008 at 8:57 am
Good post, I love it
April 29th, 2008 at 8:58 am
yes normal