[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1wapr1r50x0zx":3,"$ffeh0925h8cuz":50,"$f2emv3tus0uf1":54,"$fbwk2pqjjqsc7":58},{"item":4,"previous":38,"next":44},{"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":36,"updatedAt":37},1404,"millionaire-to-millennials-the-costly-mistake-of-not-buying-now","Millionaire to Millennials: The Costly Mistake of Not Buying Now","On his personal \u003Ca href=\"https:\u002F\u002Fdavidbach.com\u002Fmillennials-not-buying-home-disaster\u002F\">website\u003C\u002Fa>, self-made millionaire David Bach makes a striking statement:\r\n\u003Cblockquote> “\u003Cem>Not prioritizing homeownership is the single biggest mistake millennials are making.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\n","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F08\u002F02121214\u002F20190805-Share-KCM.jpg","On his personal \u003Ca href=\"https:\u002F\u002Fdavidbach.com\u002Fmillennials-not-buying-home-disaster\u002F\">website\u003C\u002Fa>, self-made millionaire David Bach makes a striking statement:\r\n\u003Cblockquote> “\u003Cem>Not prioritizing homeownership is the single biggest mistake millennials are making.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003C!--more-->\r\n\u003Cblockquote>He further stated,\u003Cem> “Buying a home is an escalator to wealth.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nBach explains:\r\n\u003Cblockquote>\u003Cem>“Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nHe then elaborates on the game of homeownership:\r\n\u003Cblockquote>\u003Cem>“Start by crunching the numbers…actually do the math...This way, you’re really clear on your goals and you won’t just say to yourself, ‘I’ll never afford this!'\u003C\u002Fem>\r\n\r\n\u003Cem>A good rule of thumb is to make sure your total monthly housing payment doesn’t consume more than 30 percent of your take-home pay.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nBach concludes by saying,\r\n\u003Cblockquote>\u003Cem>“Oftentimes, buying your first home means you’re not buying your dream home…You’re just getting into the market.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhenever a well-respected millionaire gives investment advice, listeners usually clamor to hear it. This millionaire shares some simple and straightforward insights: \u003Cem>“The fact is, you aren’t really in the game of building wealth until you own some real estate.”\u003C\u002Fem>\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 Today Show, 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, 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, listeners usually clamor to hear it. This millionaire shares some simple and straightforward insights: \u003Cem>“The fact is, you aren’t really in the game of building wealth until you own some real estate.”\u003C\u002Fem>\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 Today Show, 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, Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors’ Business Daily, \u003C\u002Fem>and\u003Cem> Forbes.\u003C\u002Fem>",false,[16,20,24,28,32],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers",{"id":25,"name":26,"slug":27},11,"First-Time Buyers","first-time-buyers",{"id":29,"name":30,"slug":31},38,"Move-Up","move-up",{"id":33,"name":34,"slug":35},53,"Rent vs. Buy","rent-vs-buy","2019-08-05T10:00:45Z","2019-08-04T19:05:16Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":14},1403,"existing-home-sales-point-toward-a-good-time-to-sell-infographic","Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F08\u002F31125326\u002F20190801-Share-KCM-1.jpg","2019-08-02T10:00:50Z",{"id":45,"slug":46,"title":47,"featuredImage":48,"publishedAt":49,"contentType":10,"isVideo":14},1405,"how-much-do-you-know-about-down-payments","How Much Do You Know About Down Payments? ","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F08\u002F05131914\u002F201910806-Share-KCM.jpg","2019-08-06T10:00:55Z",{"cover":51,"open":52,"shareSpread":53},"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",{"cover":55,"open":56,"shareSpread":57},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[59,63,64,65,69,73,77,78,82,86,87,91,95,99,103,104,108,112,116,120,124,128,132,136,140,144,148,152,156,160],{"id":60,"name":61,"slug":62},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":21,"name":22,"slug":23},{"id":66,"name":67,"slug":68},7,"Foreclosures","foreclosures",{"id":70,"name":71,"slug":72},8,"Infographics","infographics",{"id":74,"name":75,"slug":76},9,"Home Prices","home-prices",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},34,"Senior Market","senior-market",{"id":83,"name":84,"slug":85},35,"Mortgage Rates","mortgage-rates",{"id":29,"name":30,"slug":31},{"id":88,"name":89,"slug":90},41,"For Sale by Owner","for-sale-by-owner",{"id":92,"name":93,"slug":94},42,"Featured","featured",{"id":96,"name":97,"slug":98},45,"New Construction","new-construction",{"id":100,"name":101,"slug":102},52,"Luxury \u002F Vacation","luxury--vacation",{"id":33,"name":34,"slug":35},{"id":105,"name":106,"slug":107},80,"Time-sensitive","time-sensitive",{"id":109,"name":110,"slug":111},81,"Outdated","outdated",{"id":113,"name":114,"slug":115},147,"Internal","internal",{"id":117,"name":118,"slug":119},148,"Do Not Autopost","do-not-autopost",{"id":121,"name":122,"slug":123},320,"Inventory","inventory",{"id":125,"name":126,"slug":127},321,"Agent Value","agent-value",{"id":129,"name":130,"slug":131},322,"Affordability","affordability",{"id":133,"name":134,"slug":135},323,"Buying Tips","buying-tips",{"id":137,"name":138,"slug":139},324,"Downsize","downsize",{"id":141,"name":142,"slug":143},325,"Economy","economy",{"id":145,"name":146,"slug":147},326,"Equity","equity",{"id":149,"name":150,"slug":151},327,"Forecasts","forecasts",{"id":153,"name":154,"slug":155},328,"Selling Tips","selling-tips",{"id":157,"name":158,"slug":159},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":161,"name":162,"slug":163},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]