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Rent has skyrocketed in many cities

Would buying a home help free you from expensive housing costs? Probably not. Owning a home has its fair share of money being “thrown away”. Because most of your monthly cost isn’t actually going towards building wealth. It’s going to totally sunk costs, like interest, property tax, maintenance, etc.

So what do you do about these rent increases? Focus on what you can control. Work on increasing your income by getting a raise, switching jobs, or getting a side hustle. Live in a cheaper city if it makes sense. Or live in a smaller space (minimalism amirite). Don’t become house poor by renting or buying something that you can’t afford. If you spend less than you make and invest the difference, you will build wealth and get ahead whether you buy or rent.

And by the way, “SD” is San Diego, not South Dakota! It didn’t fit!

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

-Vivi & Shane

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Cost of inflation

What is going on with inflation?

You may have heard about record setting levels of inflation we’re experiencing recently! Well, it’s not really a RECORD. In the late 70s and early

Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!