In this episode, Lloyd James Ross, a seven-figure investor and entrepreneur, discusses the reasons why he chooses to rent instead of owning a home, even as a multi-millionaire. He emphasizes the financial burden that comes with homeownership, particularly the long-term commitment of a mortgage. Lloyd highlights the importance of understanding the costs associated with mortgages and encourages listeners to evaluate their financial happiness. He challenges the societal norm that promotes home buying as a necessary investment, sharing insights on how the real estate landscape has changed over the years. Tune in to discover the mindset and strategies that can help you take control of your finances and achieve financial freedom.

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Timestamps

[00:00:00] Introduction

[00:01:03] Renting vs. owning a home.

[00:04:17] Mortgage equals death pledge.

[00:09:38] Mortgage pitfalls and financial freedom.

[00:12:15] Renting vs. Owning a Home.

[00:14:11] The value of home ownership.

[00:16:47] Buying a home vs. renting.