Or is it the most expensive lie you’ve been sold?
Let’s get brutally honest…
Many people proudly say, “I own my home.”
But what they don’t realise is—they don’t own an asset.
They own a liability that slowly bleeds their wallet dry.
Why? Because YOU pay for everything:
The bond (yes, your own money every month)
Rates and taxes
Water and electricity
Insurance
The cleaner
The garden services
The pool maintenance
That broken geyser
Painting the house
The leaking roof after a storm
Your own time spent fixing it all (or paying someone else to)
This list never ends.
And all of it means money is constantly flowing out of your pocket.
So… when does a house become an asset?
👉 When someone else pays for all of the above!
That’s right.
Your house becomes an asset the moment it starts generating income and covering its own expenses. Until then, it’s just an expensive pet that eats money.
💭 A Better Strategy?
Rent where you live.
Yes, really.
I know some people will say, “But then I’m paying off someone else’s bond!”
Exactly. But you’re not paying for:
Repairs
Maintenance
Repainting
Geysers bursting
Rising municipal bills
If something breaks, you call the landlord. Simple.
You pay one amount and buy back your time, your sanity, and your freedom.
💸 Then What?
Use your savings to buy income-generating properties that pay YOU.
Start with one that nets 12% or more per year.
Look after it like you would your own child.
Let it produce income (and more properties) over time.
Now THAT is an asset.
Something that works for you while you sleep.
Stop romanticising home ownership.
Start building real freedom with real assets.
