Is achieving financial freedom an important goal in your life?
If it is, don’t follow the conventional wisdom of buying the most expensive house you can afford.
Sure, by buying the biggest house you can afford you can grow into it, live in it longer and maybe even avoid a costly trade up in a few years. Fair enough.
But when it comes to achieving financial freedom, buying the most expensive house you can afford is the exact opposite of what you want to do.
In fact it can be said that the more expensive your home is the less chance you have of ever attaining financial freedom.
Expensive homes and financial freedom are what you might call “mutually exclusive”—having one reduces your chance of getting the other.
How could that be?
A house determines general consumption patterns
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