7 Reasons Why You Have No Money

Renting and never owning

A house may not be the greatest investment vehicle but if you keep it maintained, you can resell at a profit. Or rent it out to generate more income. If you rent all of your life, you will spend your life paying your landlord’s bills instead of building your own wealth. Imaging paying a $1,200 monthly rent for 50 years. That makes your landlord $720,000 richer, and you poorer by that amount minus the value of the home itself.