Passive Income Expert: Buying A House Makes You Poorer Than Renting! Crypto Isn't A Smart Investment

If your goal is to become financially independent at a young age, this is a very controversial thing to say. You probably don't want to go buy a house. Because people typically buy house they can't possibly afford. The bank wants you to do that'cause that's how they make the most money. So you're putting your capital into that house and now it's not gonna be earning thing, it's gonna be sitting idly. And people say, Well, you know, I can buy this house because my mortgage is the same as my rent. Well yeah, but your mortgage is just the same. Starting point. So what comes to mind if I want to be financially wealthy? Okay, so we've got a lot to go through. JL Collins is a renowned financial expert, known for his book, The Simple Path to Wealth. He's teaching millions a straightforward and realistic avenue for achieving wealth so that anyone can have financial security. What is the simple path?

Wow. So first of all, avoid debt because you can never be financially independent if you're carrying around debt. Next, live on less than you earn. But the problem is the way our culture has taught us to think about money is solely in terms of what can you buy with it. But the more must haves you have in your life, the less likely you are to become wealthy. And then the final one, invest the surplus. So stocks are the single most effective strongest wealth building tool that's ever been created. But the biggest pushback I get is from people who say, Well that's great. I mean if you've got a big income, a hundred, two hundred, three hundred thousand dollars a year, then yeah, the simple path to wealth will work for you. That's not the truth. For instance, a friend of mine, he was making a million dollars a year. And he was broke because people have large incomes are much more likely to be drawn into the competing with the Joneses, whereas The people who make less money probably don't have those same social pressures and are more readily able to do it. So let's talk about investing then. Where do you think we should be investing our money at this moment of time? Should I buy Bitcoin? Do I need a financial advisor? So my advice and this is a little different than the more common advice out there would be

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