Should You Ever Buy a Multimillion Dollar Home? | Ep. #562

<p>In episode #562, Eric and Neil discuss why you should probably not buy an expensive home. Tune in to hear on what you should actually be spending your money on.</p> <p><strong>TIME-STAMPED SHOW NOTES:</strong></p> <ul> <li>[00:27] Today’s Topic: <em>Should You Ever Buy a Multimillion Dollar Home?</em></li> <li>[00:34] The home Eric just sold was worth close to a million.</li> <li>[00:43] Neil has lived in some big homes.</li> <li>[00:55] Neil had an expensive condo on the Las Vegas Strip because the builder was selling them for less than their value.</li> <li>[01:20] Neil doesn’t think homes are valuable and a waste of money.</li> <li>[01:34] Neil’s friend has a two-bedroom condo and believes real estate is one of the worst investments.</li> <li>[01:52] You could make more money investing in Tech.</li> <li>[02:00] If you are interested in real estate, look up <a href= "https://grantcardone.com/">Grant Cardone</a>, who has a funny YouTube channel all about it.</li> <li>[02:09] Eric’s mom is a real estate agent and she is always pushing him to buy a home.</li> <li>[02:31] Eric and Neil would rather invest in businesses and themselves.</li> <li>[03:19] All the homes Neil has ever purchased were for investments. He believes in staying in hotels and dumping money back into tech.</li> <li>[04:00] Instead of wasting money on a down payment, put it back into your business.</li> <li>[04:13] You are better off renting.</li> <li>[04:54] Warren Buffett talks about staying in your lane.</li> <li>[05:10] Eric and Neil focus on investing in what they are good at or that they understand.</li> <li>[05:38] If you choose to have a big home, use it to have dinners for entrepreneurs.</li> <li>[05:57] Dinners led to $200,000 in deals for Eric’s company.</li> <li>[06:15] Eric originally paid for dinners, but then found a way for his guests to pay for it.</li> <li>[06:23] He used Eventbrite and put a price on the ticket to dinner.</li> <li>[06:37] That’s all for today!</li> <li>[06:39] Go to <a href= "http://www.singlegrain.com/givea