The rich believe in real estate investing. For good reason, too: real estate changes the math of financial independence and early retirement.
Most millionaires exercise such restraint with their housing costs, they can funnel a higher portion of their income toward investments.
Millionaires put themselves on a budget, with a high savings rate, which they turn around and invest. These investments in turn produce more passive income.
As we touched before, budgets aren’t about denying yourself, they’re about creating that feedback loop to generate more income and wealth.