{"id":3363,"date":"2017-10-10T10:43:13","date_gmt":"2017-10-10T14:43:13","guid":{"rendered":"https:\/\/christinapinkerman.com\/wp\/millionaire-to-millennials-buy-a-home-now\/"},"modified":"2017-10-10T10:43:13","modified_gmt":"2017-10-10T14:43:13","slug":"millionaire-to-millennials-buy-a-home-now","status":"publish","type":"post","link":"https:\/\/christinapinkerman.com\/wp\/millionaire-to-millennials-buy-a-home-now\/","title":{"rendered":"Millionaire to Millennials: Buy a Home Now!"},"content":{"rendered":"
\n

\"Millionaire<\/p>\n

In a\u00a0CNBC\u00a0article<\/a>, self-made millionaire David Bach explained that\u00a0\u201cthe single biggest mistake millennials are making\u201d<\/em>\u00a0is not purchasing a home because buying real estate is\u00a0\u201can escalator to wealth.\u201d<\/em><\/span><\/p>\n

Bach went on to explain:<\/p>\n

\n

\u201cIf millennials don\u2019t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter.\u201d<\/em><\/p>\n<\/blockquote>\n

In his bestselling book,\u00a0\u201cThe Automatic Millionaire,\u201d\u00a0<\/em>Bach does the math:<\/p>\n

\n

\u201cAs a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started \u2014 owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear!\u201d<\/em><\/p>\n<\/blockquote>\n

Who is David Bach?<\/strong><\/h4>\n

Bach is a self-made millionaire who has written nine consecutive\u00a0New York Times\u00a0<\/em>bestsellers. His book,\u00a0\u201cThe Automatic Millionaire,\u201d\u00a0<\/em>spent 31 weeks on the\u00a0New York Times\u00a0<\/em>bestseller list. He is one of the only business authors in history to have four books simultaneously on the\u00a0New York Times, Wall Street Journal, BusinessWeek<\/em>\u00a0and\u00a0USA Today\u00a0<\/em>bestseller lists.<\/p>\n

He has been a contributor to\u00a0NBC\u2019s Today Show,\u00a0<\/em>appearing more than 100 times, as well as a regular on\u00a0ABC, CBS, Fox, CNBC, CNN, Yahoo, The View,\u00a0and\u00a0PBS. He has also been profiled in many major publications, including\u00a0the New York Times, BusinessWeek, USA Today, People, Reader\u2019s Digest, Time, Financial Times<\/em>, Washington Post,<\/em> the Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors\u2019 Business Daily,<\/em>\u00a0and\u00a0Forbes.<\/em><\/p>\n

Bottom Line<\/strong><\/h3>\n

Whenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice \u2013 if you don\u2019t yet live in your own home, go buy one.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

In a\u00a0CNBC\u00a0article, self-made millionaire David Bach explained that\u00a0\u201cthe single biggest mistake millennials are making\u201d\u00a0is not purchasing a home because buying real estate is\u00a0\u201can escalator to wealth.\u201d Bach went on to explain: \u201cIf millennials don\u2019t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to […]<\/p>\n","protected":false},"author":1,"featured_media":3364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[8,4,10],"tags":[],"class_list":["post-3363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-first-time-home-buyers","category-for-buyers","category-move-up-buyers"],"_links":{"self":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts\/3363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/comments?post=3363"}],"version-history":[{"count":0,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/posts\/3363\/revisions"}],"wp:attachment":[{"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/media?parent=3363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/categories?post=3363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christinapinkerman.com\/wp\/wp-json\/wp\/v2\/tags?post=3363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}