ScientificLooksmax
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- Joined
- May 18, 2025
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It's just a niche for make money online gurus to sell you nonsense courses in
And it sounds good "I own 3 houses" sounds like you actually own them.
But you fucking don't lol. You have a mrotgage on them. The bank owns them. and you dont even live in them. So no you don't fucking own them lol.
I ran all the numbers, it doesn't fucking work.
Ok you get a mortgage on a house.
You rent it out for slightly more than your monthly mortgage payments (if ur very lucky)
So you're getting lets say $1000 equity into the house, and $100 in immediate profit per month
But except, you're not getting $1000 equity into the house
Because the banks arent fucking stupid and know what you're trying to do
Hence they they created ammortization , which is basically , you pay most interest at the start, then lower interest at the end
So for the first 10 years of your mortgage you're basically paying purely interest, making money for the bank, getting $0 equity
Then okay for the last 15 years you may get a little equity
But by then you're going to be like 40 years old and $600 equity per month into a house at 40 years old is 1. useless cos its in a house, and 2. you're too old 3. is like the lowest ROI and slowest investment ever
The only real way to get rich is to learn a high value skill, create a business in it, then automate and scale it with employees
And it sounds good "I own 3 houses" sounds like you actually own them.
But you fucking don't lol. You have a mrotgage on them. The bank owns them. and you dont even live in them. So no you don't fucking own them lol.
I ran all the numbers, it doesn't fucking work.
Ok you get a mortgage on a house.
You rent it out for slightly more than your monthly mortgage payments (if ur very lucky)
So you're getting lets say $1000 equity into the house, and $100 in immediate profit per month
But except, you're not getting $1000 equity into the house
Because the banks arent fucking stupid and know what you're trying to do
Hence they they created ammortization , which is basically , you pay most interest at the start, then lower interest at the end
So for the first 10 years of your mortgage you're basically paying purely interest, making money for the bank, getting $0 equity
Then okay for the last 15 years you may get a little equity
But by then you're going to be like 40 years old and $600 equity per month into a house at 40 years old is 1. useless cos its in a house, and 2. you're too old 3. is like the lowest ROI and slowest investment ever
The only real way to get rich is to learn a high value skill, create a business in it, then automate and scale it with employees
