[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2o51cu02qkxdc":3,"$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},1015,"millionaire-to-millennials-dont-rent-a-home-buy","Millionaire to Millennials: Don’t Rent a Home… Buy!","In a CNBC \u003Ca href=\"https:\u002F\u002Fwww.cnbc.com\u002F2018\u002F01\u002F04\u002Fself-made-millionaire-tells-millennials-buy-dont-rent-a-home.html\">article\u003C\u002Fa>, self-made millionaire David Bach explained that: \u003Cstrong>“\u003Cem>The biggest mistake millennials are making is not buying their first home.”\u003C\u002Fem>\u003C\u002Fstrong> He goes on to say that,\u003Cem> “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.\u003C\u002Fem>”","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F01\u002F24172026\u002F20180206-Share-STM.jpg","In a CNBC \u003Ca href=\"https:\u002F\u002Fwww.cnbc.com\u002F2018\u002F01\u002F04\u002Fself-made-millionaire-tells-millennials-buy-dont-rent-a-home.html\">article\u003C\u002Fa>, self-made millionaire David Bach explained that: \u003Cstrong>“\u003Cem>The biggest mistake millennials are making is not buying their first home.”\u003C\u002Fem>\u003C\u002Fstrong> He goes on to say that,\u003Cem> “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.\u003C\u002Fem>”\u003C!--more-->\r\n\r\nBach went on to explain:\r\n\u003Cblockquote>\u003Cem>“Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You might literally have to buy a small studio apartment, but that’s how you get started.”\u003C\u002Fem>\u003Cem> \u003C\u002Fem>\u003C\u002Fblockquote>\r\nThen he explains \u003Cstrong>the secret in order to buy that home\u003C\u002Fstrong>!\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Don’t do a 30-year mortgage\u003C\u002Fstrong>. You want to take that 30-year mortgage and instead pay it off early, do a 15-year mortgage. What happens if you do a 15-year mortgage? Well, one, you \u003Cstrong>pay the mortgage off 15-years sooner\u003C\u002Fstrong>, that means you’ll be able to retire in your fifties. Number two, you’ll save a fortune (on potentially hundreds of thousands of dollars in interest payments).”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Cstrong>What will it cost to pay your mortgage in fifteen years\u003C\u002Fstrong>? He explains further:\r\n\u003Cblockquote>\u003Cem>“For fifteen years, \u003Cstrong>you got to brownbag your lunch\u003C\u002Fstrong>. Think about that! Brownbag your lunch literally for fifteen years. You can retire ten years sooner than your friends. You’ll have real wealth, because you bought a home – you’re not a renter. And you’ll be financially secure for life.”\u003C\u002Fem>\u003C\u002Fblockquote>\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\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, 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\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\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, 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>",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","2018-02-06T10:00:15Z","2018-01-25T12:36:25Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},1014,"whether-you-rent-or-buy-either-way-youre-paying-a-mortgage-2","Whether You Rent or Buy, Either Way You're Paying a Mortgage!","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F01114535\u002F20180205-Share-STM.jpg","2018-02-05T10:00:06Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},1016,"where-are-mortgage-interest-rates-headed-in-2018","Where Are Mortgage Interest Rates Headed in 2018?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F02\u002F01112739\u002F20180207-Share-STM.jpg","2018-02-07T10:00:48Z",{"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"]