{"id":1975,"date":"2017-10-10T10:00:40","date_gmt":"2017-10-10T10:00:40","guid":{"rendered":"https:\/\/thezakariagroup.com\/millionaire-to-millennials-buy-a-home-now\/"},"modified":"2017-10-10T10:00:40","modified_gmt":"2017-10-10T10:00:40","slug":"millionaire-to-millennials-buy-a-home-now","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/millionaire-to-millennials-buy-a-home-now\/","title":{"rendered":"Millionaire to Millennials: Buy a Home Now!"},"content":{"rendered":"<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"648\" height=\"354\" src=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/10\/05105452\/20171010-Share-STM.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Millionaire to Millennials: Buy a Home Now! | Simplifying The Market\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" srcset=\"http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/10\/05105452\/20171010-Share-STM.jpg 750w, http:\/\/d39ah2zlibpm3g.cloudfront.net\/wp-content\/uploads\/2017\/10\/05105452\/20171010-Share-STM-549x300.jpg 549w\" sizes=\"(max-width: 648px) 100vw, 648px\"><\/p>\n<p>In a\u00a0CNBC\u00a0<a href=\"http:\/\/www.cnbc.com\/2016\/12\/30\/self-made-millionaire-buy-a-home.html\">article<\/a>, self-made millionaire David Bach explained that\u00a0<em>\u201cthe single biggest mistake millennials are making\u201d<\/em>\u00a0is not purchasing a home because buying real estate is\u00a0<em>\u201can escalator to wealth.\u201d<\/em><span id=\"more-36215\"><\/span><\/p>\n<p>Bach went on to explain:<\/p>\n<blockquote>\n<p><em>\u201cIf millennials don\u2019t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter.\u201d<\/em><\/p>\n<\/blockquote>\n<p>In his bestselling book,\u00a0<em>\u201cThe Automatic Millionaire,\u201d\u00a0<\/em>Bach does the math:<\/p>\n<blockquote>\n<p><em>\u201cAs a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started \u2014 owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear!\u201d<\/em><\/p>\n<\/blockquote>\n<h4><strong>Who is David Bach?<\/strong><\/h4>\n<p>Bach is a self-made millionaire who has written nine consecutive\u00a0<em>New York Times\u00a0<\/em>bestsellers. His book<em>,\u00a0\u201cThe Automatic Millionaire,\u201d\u00a0<\/em>spent 31 weeks on the\u00a0<em>New York Times\u00a0<\/em>bestseller list. He is one of the only business authors in history to have four books simultaneously on the\u00a0<em>New York Times, Wall Street Journal, BusinessWeek<\/em>\u00a0and\u00a0<em>USA Today\u00a0<\/em>bestseller lists.<\/p>\n<p>He has been a contributor to\u00a0NBC\u2019s <em>Today Show,\u00a0<\/em>appearing more than 100 times, as well as a regular on\u00a0ABC, CBS, Fox, CNBC, CNN, Yahoo, The View,\u00a0and\u00a0PBS. He has also been profiled in many major publications, including\u00a0the <em>New York Times, BusinessWeek, USA Today, People, Reader\u2019s Digest, Time, Financial Times<\/em>, <em>Washington Post,<\/em> the <em>Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors\u2019 Business Daily,<\/em>\u00a0and\u00a0<em>Forbes.<\/em><\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Whenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice \u2013 if you don\u2019t yet live in your own home, go buy one.<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a\u00a0CNBC\u00a0article, self-made millionaire David Bach explained that\u00a0\u201cthe single biggest mistake millennials are making\u201d\u00a0is not purchasing a home because buying real estate is\u00a0\u201can escalator to wealth.\u201d Bach went on to explain: \u201cIf millennials don\u2019t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to [&hellip;]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Millionaire to Millennials: Buy a Home Now! - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/millionaire-to-millennials-buy-a-home-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millionaire to Millennials: Buy a Home Now! - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"In a\u00a0CNBC\u00a0article, self-made millionaire David Bach explained that\u00a0\u201cthe single biggest mistake millennials are making\u201d\u00a0is not purchasing a home because buying real estate is\u00a0\u201can escalator to wealth.\u201d Bach went on to explain: \u201cIf millennials don\u2019t buy a home, their chances of actually having any wealth in this country are little to none. 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