@BrandonBullfrog@ramit@SteveHarney Wouldn't a major discrepancy between net worth between renters and homeowners be age? Homeowners tend to be older and would be more likely to have a higher net worth than renters because of that fact.
@ramit@SteveHarney Isn't the median age for homeowners like 56 years old vs Renters is like 39 years old? Your net worth would be higher if you just invested in the S&P 500 each year and allow compound interest to take care of itself.
@ramit Why does no one bring up the opportunity cost for saving up for a down payment on a house? Those dollars could be invested in the market instead and potentially have a better rate of return than buying a house.
@ramit I might be a small minority of crypto investors who has a diversified portfolio. Crypto (mostly BTC and ETH) makes up about 10% of my net worth. My crypto is considered fun money. It’s definitely speculative and I hope it hits big, but it won’t be a big deal if I lose it all.