Popular advice about being a lifelong renter may seem innocent at first, but probably isn’t

A lot of articles discuss the merits of renting and the disadvantages of homeownership. While homeownership is not the right option for every person, it is an absolute no-brainer if you are looking to establish long-term wealth and not let the financial system take advantage of you.

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I see a lot of people writing about the benefits of being a renter without properly addressing all of the enormous financial and social gains that come with homeownership. Rather than pushing people to take this financial step, they mistakenly advise people to not buy a property and invest these funds elsewhere.

Now, I am not a financial planner and this isn’t financial advice. I’m not a realtor. I don’t make my living off of loans, mortgages, or anything real estate-related. I have bought two properties in my life. I have read some books on investing and I focus most of my attention on the crypto space. I do think about things related to money very deeply and try to make decisions that will benefit me and my family and these are my personal opinions.

With that said, people who are not considering homeownership are missing out on key components of building wealth. Homeownership offers tax benefits, a forced savings plan, protection from inflation, a better…