Most people think that the way to get ahead is to get a job and work hard.
Their salary goes up a bit.
They save a little money.
They immediately go buy a house with the biggest mortgage they can get.
They think the loan is against the house, but really it’s a loan against THEM.
Now they’re stuck working harder and harder to keep up with the payments.
God forbid they lose their job(s)… bye bye house / credit / etc.
Even if they keep their job, they’re stuck working in it for decades to service that big loan.
They levered up to the hilt to buy an asset with negative cashflow which is likely to appreciate only a bit faster than inflation.
Bottom line: That’s a recipe for being financially dependent forever. There is definitely, 100% a better way of doing things.