Money = Time and that’s the plain truth
When you buy your first house and if it is a nice one, it may have cost you say Rs 3 cr.
Your loan of 20 years means you need to spend 20 yrs of your life for owning this house
This house just cost you 30% of your life’s time assuming 75 yrs of longevity
However, imagine if you built a wealth of Rs 6 cr.
Now this wealth can Generate
Rs 90 lac per year and within 3 years you can buy the same house
Even if the 3 cr house is now 5 cr still within 4 years it can be yours
Now just compare 4 years with slaving for 20 yrs to unshackle your home from the cudgels of the bank
While the world may think that creating a property using the bank’s money is a master stroke in leverage, in today’s conditions it
is actually Mr Bank that goes all the way laughing to the bank
I rest my case