Why Buying Is Not Always Better Than Renting

So you’ve probably heard the phrase “renting is money down the drain” and you’ve probably been told your whole life, that you should get on the property ladder and buy a home, because once you’ve bought a home, then you’re saving money and it’s an investment and stuff, and hey, at least you’re not renting anymore and throwing all that money away.

BUT it’s actually a lot more complicated than that. BOTH buying and renting have costs, both financial and psychological, and those are the factors we need to take into account which I’ll be discussing in this episode of Money Club.

How to Invest for Beginners: https://www.youtube.com/watch?v=gFQNPmLKj1k
I Bought My First Rental Apartments: https://www.youtube.com/watch?v=ZzoDlgxu3CI
Buy Vs. Rent Calculator: https://my.causal.app/models/98

00:00 Intro
01:36 Chapter 1 – The Home buying bias
02:28 Chapter 2 – The SMORES rule
03:15 Chapter 3 – Financial factors
03:27 Sunk Costs
05:43 Maintenance costs
06:39 Opportunity costs
14:18 Chapter 4 – Psychological factors
14:30 Roots vs Wings
15:32 Easiness
17:02 Savings

MY FREE ONLINE COURSES:
🚀 Productivity Masterclass – Principles and Tools to Boost Your Productivity – https://go.aliabdaal.com/course/productivity
🎬 Video Editing with Final Cut Pro X – From Beginner to YouTuber – https://go.aliabdaal.com/course/video-editing
🎓 How to Study for Exams – An Evidence-Based Masterclass – https://go.aliabdaal.com/course/studying

PART-TIME YOUTUBER ACADEMY:
🍿 My 6-week live online course – https://go.aliabdaal.com/ptya_aliabdaal

MY FAVOURITE GEAR:
🎥 My YouTube Camera Gear – https://kit.co/AliAbdaal
⌨️ My Keyboard – Wireless Coral mechanical keyboard (Cherry Blue) – https://go.aliabdaal.com/keyboard
📝 My favourite iPad Screen Protector – Paperlike – https://go.aliabdaal.com/paperlike
🎒 My Desk Accessories + Todo List – Ugmonk – https://go.aliabdaal.com/ugmonk

MY FAVOURITE SOFTWARE:
✍️ The best summaries of books (Shortform) – https://go.aliabdaal.com/shortform
📚 How I remember what I read (Readwise) – https://go.aliabdaal.com/readwise
🎵 Where I get my Music (amazing for YouTubers) – https://go.aliabdaal.com/epidemicsound

🎙 Deep Dive podcast – https://www.youtube.com/c/DeepDivewithAliAbdaal/
The podcast that delves into the minds of entrepreneurs, creators and other inspiring people to uncover the philosophies, strategies and tools that help us live happier, healthier and more productive lives. You can find it by searching “Deep Dive” on any podcast app (eg: Spotify, Apple Podcasts, Google Podcasts etc).

BE MY FRIEND:
💌 Sign up to my weekly email newsletter – https://aliabdaal.com/friendzone/
🌍 My website / blog – https://www.aliabdaal.com
📸 Instagram – https://instagram.com/aliabdaal
🐦 Twitter – https://twitter.com/aliabdaal
💙 The Friendzone Discord – https://discord.gg/Dh2kGavffd
🎮 Twitch – https://twitch.tv/aliabdaal

WHO AM I:
I’m Ali, a YouTuber, podcaster, soon-to-be author and ex-Doctor working in London, UK. I make videos that explore the strategies and tools that help us live happier, healthier and more productive lives. I also have a weekly podcast called Deep Dive (https://www.youtube.com/channel/UChfo46ZNOV-vtehDc25A1Ug), and I write a weekly email newsletter that contains some quick thoughts + links to interesting things (https://email.aliabdaal.com).

GET IN TOUCH:
If you’d like to talk, I’d love to hear from you. Tweeting @AliAbdaal directly will be the quickest way to get a response, but if your question is very long, feel free to email me at hi@aliabdaal.com. I try my best to reply to things but there sadly aren’t enough hours in the day to respond to everyone 😭

PS: Some of the links in this description are affiliate links that I get a kickback from 😜

Latest news
Related news