Advice to Millennials:
Now is the time to buy your first home! Participating in the Greenwood Real Estate Market is one of the best ways to build your wealth in today’s economy. But don’t take it from us! David Bach is a self-made, well respected millionaire who was recently quoted in a CBNC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying real estate is "an escalator to wealth.”
Bach went on to explain:
"If millennials don't 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."
In his bestselling book, “The Automatic Millionaire,” Bach does the math:
"As 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 — 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!"
Why Listen to Bach?
Bach is a self-made millionaire who has written nine consecutive New York Times bestsellers, and his book, “The Automatic Millionaire,” was on this list for 31 weeks! He is one of the only business offers in history to simultaneously have four books on the New York Times, Wall Street Journal, BusinessWeek, and USA Today bestseller list. He has also been a contributor to NBC’s Today Show appearing more than 100 times, has been a regular on ABC, CBS, Fox, CNBC, CNN, Yahoo, The View, and PBS, and has been profiled in many major publications, including The New York Times, BusinessWeek, USA Today, People, Reader’s Digest, Time, Financial Times, The Washington Post, The Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors’ Business Daily, and Forbes.
Bottom Line
When a well-respected millionaire gives investment advice, we listen! If you don’t yet live in your own house, don’t wait to buy your dream home in Greenwood. Participating in the Greenwood Real Estate Market is one excellent way to build your wealth in today’s economy. Meet with a real estate professional today to discuss your next steps and find the best option for you! Contact us at (864)341-7774 or lakegreenwoodproperty@gmail.com.
