The 'godfather of financial independence' says young people should do two things to build wealth-and it's nothing 'silly' like buying a house | Fortune
Invest in Vanguard Total Stock Market Index Fund (VTSAX) and rent rather than buy a home to build wealth.
The 'Godfather of Financial Independence' says young people should do two things to build wealth-and it's not buying a house, which is 'silly' | Fortune
Invest broadly in low-cost total market index funds like VTSAX and prefer renting instead of buying a home to improve wealth-building prospects.
Have questions about homeownership or renting? NPR wants to know
Homeownership and renting decisions are complex; people need clear guidance on buying, renting rights, financial trade-offs, selling, and navigating housing information.