Building A house As A Young Entrepreneurs Is Wasting Money – Chanda Brian

Building A house As A Young Entrepreneurs Is Wasting Money – Chanda Brian

Zed urban link CEO Uncel Tee wrote

As a young entrepreneur, the dream of owning a house can be incredibly alluring. After all, owning property is often seen as a sign of success and financial stability. However, the reality is that for many young entrepreneurs, building a house is a poor financial decision that can end up being a huge waste of money.

The problem with building a house is that it requires a massive upfront investment. Not only do you need to purchase a plot of land, but you also need to hire architects, builders, and other professionals to help you bring your vision to life. The cost of all of this can quickly spiral out of control, leaving you with a massive debt burden that you may not be able to easily pay off.

Moreover, building a house is a time-consuming process. It can take months or even years to complete a construction project, and during this time, you will need to continue paying rent or mortgage payments on your current living space. This can create a significant financial strain and can limit your ability to invest in other areas that could help you grow your business or increase your income.

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Another problem with building a house is that it is a relatively illiquid investment. Unlike stocks or other financial instruments, a house cannot easily be sold or converted into cash. This means that if you ever need to access the equity in your home, you may not be able to do so without incurring significant costs or taking on additional debt.

Of course, there are some situations where building a house may make sense. For example, if you plan on living in the house for a long time and can afford the upfront costs, it may be a good investment. However, for many young entrepreneurs, the smarter choice is to focus on building their businesses and investing in assets that are more liquid and have a higher potential return on investment.

In conclusion, while the idea of building a house as a young entrepreneur may be tempting, it is important to think carefully about the long-term financial implications of such a decision. In many cases, it may be a better choice to focus on building your business and investing in other assets that can help you achieve your financial goals.

Now back to Chanda Brian his opinion might seem as bad as you all hope put it, but the young man is right, You as a young entrepreneur you focus is to boost your business and invest in many assets as you can before you think of building.

Take it or leave it

Watch the full interview below