So you've probably heard the phrase "renting is money down the drain" and you've probably been told your whole life, that you should get on the property ladder and buy a home, because once you've bought a home, then you're saving money and it's an investment and stuff, and hey, at least you're not renting anymore and throwing all that money away. BUT it's actually a lot more complicated than that. BOTH buying and renting have costs, both financial and psychological, and those are the factors we need to take into account which I'll be discussing in this episode of Money Club. How to Invest for Beginners: https://www.youtube.com/watch?v=gFQNPmLKj1k I Bought My First Rental Apartments: https://www.youtube.com/watch?v=ZzoDlgxu3CI Buy Vs. Rent Calculator: https://my.causal.app/models/98 00:00 Intro 01:36 Chapter 1 - The Home buying bias 02:28 Chapter 2 - The SMORES rule 03:15 Chapter 3 - Financial factors 03:27 Sunk Costs 05:43 Maintenance costs 06:39 Opportunity costs 14:18 Chapter 4 - Psychological factors 14:30 Roots vs Wings 15:32 Easiness 17:02 Savings MY FREE ONLINE COURSES: 🚀 Productivity Masterclass - Principles and Tools to Boost Your Productivity - https://go.aliabdaal.com/course/productivity 🎬 Video Editing with Final Cut Pro X - From Beginner to YouTuber - https://go.aliabdaal.com/course/video-editing 🎓 How to Study for Exams - An Evidence-Based Masterclass - https://go.aliabdaal.com/course/studying PART-TIME YOUTUBER ACADEMY: 🍿 My 6-week live online course - https://go.aliabdaal.com/ptya_aliabdaal MY FAVOURITE GEAR: 🎥 My YouTube Camera Gear - https://kit.co/AliAbdaal ⌨️ My Keyboard - Wireless Coral mechanical keyboard (Cherry Blue) - https://go.aliabdaal.com/keyboard 📝 My favourite iPad Screen Protector - Paperlike - https://go.aliabdaal.com/paperlike 🎒 My Desk Accessories + Todo List - Ugmonk - https://go.aliabdaal.com/ugmonk MY FAVOURITE SOFTWARE: ✍️ The best summaries of books (Shortform) - https://go.aliabdaal.com/shortform 📚 How I remember what I read (Readwise) - https://go.aliabdaal.com/readwise 🎵 Where I get my Music (amazing for YouTubers) - https://go.aliabdaal.com/epidemicsound 🎙 Deep Dive podcast - null The podcast that delves into the minds of entrepreneurs, creators and other inspiring people to uncover the philosophies, strategies and tools that help us live happier, healthier and more productive lives. You can find it by searching “Deep Dive” on any podcast app (eg: Spotify, Apple Podcasts, Google Podcasts etc). BE MY FRIEND: 💌 Sign up to my weekly email newsletter - https://aliabdaal.com/friendzone/ 🌍 My website / blog - https://www.aliabdaal.com/ 📸 Instagram - https://instagram.com/aliabdaal 🐦 Twitter - https://twitter.com/aliabdaal 💙 The Friendzone Discord - https://discord.gg/Dh2kGavffd 🎮 Twitch - https://twitch.tv/aliabdaal WHO AM I: I’m Ali, a YouTuber, podcaster, soon-to-be author and ex-Doctor working in London, UK. I make videos that explore the strategies and tools that help us live happier, healthier and more productive lives. I also have a weekly podcast called Deep Dive (null, and I write a weekly email newsletter that contains some quick thoughts + links to interesting things (https://email.aliabdaal.com/). GET IN TOUCH: If you’d like to talk, I’d love to hear from you. Tweeting @AliAbdaal directly will be the quickest way to get a response, but if your question is very long, feel free to email me at hi@aliabdaal.com. I try my best to reply to things but there sadly aren't enough hours in the day to respond to everyone 😭 PS: Some of the links in this description are affiliate links that I get a kickback from 😜