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.

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

Leave some feedback:
What should we talk about next? Please let us know in the comments below.
Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



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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. TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: Should You Ever Buy a Multimillion Dollar Home?
</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/giveaway">Singlegrain.com/Giveway</a> for a special marketing goodies giveaway!</li> </ul> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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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. TIME-STAMPED SHOW NOTES:  [00:27] Today’s Topic: Should You Ever Buy a Multimillion...

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

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9994459c-fbd2-498d-9d23-b0d200691fc7/transcript

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