Quote:
Originally Posted by peter12
So don't buy a house?
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My mortgage payments are less than what my rent was prior, I own land and a home that was bigger than what I was renting, located in a central metropolitan area with a growing population in a first world country. Please tell me what I've done wrong.
Concepts like investment, hedging, good debt, bad debt, risk management, assets, depreciating assets, Retirement savings, debt to income ratio's are all things that need to be introduced at a young age.
Compound interest was the one thing the actually did teach in school but hey math is not useful in the real world right so it was ok for most people to ignore that class?