In this video, we hear from a speaker who didn't study money in school but still managed to make a savvy financial move: buying their house in cash. They share how they leveraged certain assets to make the purchase, and why they ultimately decided to avoid a mortgage. They also explore the financial pitfalls of mortgages, including how they can lead to paying triple the price of the house over time. Overall, this video offers valuable insights into the benefits and drawbacks of buying a house in cash, as well as the importance of understanding financial strategy.
