Video
Channel: Ali Abdaal
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 re...

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:
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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 โ€œDeep Diveโ€ on any podcast app (eg: Spotify, Apple Podcasts, Google Podcasts etc).

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WHO AM I:
Iโ€™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).

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PS: Some of the links in this description are affiliate links that I get a kickback from ๐Ÿ˜œ

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