[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2640bpeiriu0j":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},929,"millionaire-to-millennials-buy-a-home-now","Millionaire to Millennials: Buy a Home Now!","In a CNBC \u003Ca href=\"http:\u002F\u002Fwww.cnbc.com\u002F2016\u002F12\u002F30\u002Fself-made-millionaire-buy-a-home.html\">article\u003C\u002Fa>, self-made millionaire David Bach explained that \u003Cem>“the single biggest mistake millennials are making”\u003C\u002Fem> is not purchasing a home because buying real estate is \u003Cem>“an escalator to wealth.”\u003C\u002Fem>","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F10\u002F05105452\u002F20171010-Share-STM.jpg","In a CNBC \u003Ca href=\"http:\u002F\u002Fwww.cnbc.com\u002F2016\u002F12\u002F30\u002Fself-made-millionaire-buy-a-home.html\">article\u003C\u002Fa>, self-made millionaire David Bach explained that \u003Cem>“the single biggest mistake millennials are making”\u003C\u002Fem> is not purchasing a home because buying real estate is \u003Cem>“an escalator to wealth.”\u003C\u002Fem>\u003C!--more-->\r\n\r\nBach went on to explain:\r\n\u003Cblockquote>\u003Cem>“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.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIn his bestselling book, \u003Cem>“The Automatic Millionaire,” \u003C\u002Fem>Bach does the math:\r\n\u003Cblockquote>\u003Cem>“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!”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>Who is David Bach?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nBach is a self-made millionaire who has written nine consecutive \u003Cem>New York Times \u003C\u002Fem>bestsellers. His book\u003Cem>, “The Automatic Millionaire,” \u003C\u002Fem>spent 31 weeks on the \u003Cem>New York Times \u003C\u002Fem>bestseller list. He is one of the only business authors in history to have four books simultaneously on the \u003Cem>New York Times, Wall Street Journal, BusinessWeek\u003C\u002Fem> and \u003Cem>USA Today \u003C\u002Fem>bestseller lists.\r\n\r\nHe has been a contributor to NBC’s \u003Cem>Today Show, \u003C\u002Fem>appearing more than 100 times, as well as a regular on ABC, CBS, Fox, CNBC, CNN, Yahoo, The View, and PBS. He has also been profiled in many major publications, including the \u003Cem>New York Times, BusinessWeek, USA Today, People, Reader’s Digest, Time, Financial Times\u003C\u002Fem>, \u003Cem>Washington Post,\u003C\u002Fem> the \u003Cem>Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors’ Business Daily,\u003C\u002Fem> and \u003Cem>Forbes.\u003C\u002Fem>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice – if you don’t yet live in your own home, go buy one.","\r\nWhenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice – if you don’t yet live in your own home, go buy one.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up","2017-10-10T10:00:40Z","2017-10-10T20:44:36Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},928,"no-you-do-not-need-20-down-to-buy-now","No… You Do Not Need 20% Down to Buy NOW!","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F09\u002F22104817\u002F20171009-Share-STM.jpg","2017-10-09T10:00:07Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},930,"builder-offering-to-pay-off-student-loans-for-buyers","Builder Offering to Pay Off Student Loans for Buyers","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F10\u002F10120313\u002F20171011-Share-STM.jpg","2017-10-11T10:00:36Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]