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The Diary of a CEO February 8, 2026 2m

BUYING A HOUSE IS A WASTE OF MONEY

Summary

To achieve wealth and financial independence, avoid buying a house that stretches your finances. The real estate industry and banks encourage overspending on homes, leading to inflated living costs through renovations, furnishings, and variable expenses. While homeownership has psychological benefits for some, it's often not a sound investment and can hinder wealth building.

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