Renting and never owning
A house may not be the greatest investment vehicle but if you keep it maintained, you can resell at a profit. Or rent it out to generate more income. If you rent all of your life, you will spend your life paying your landlord’s bills instead of building your own wealth. Imaging paying a $1,200 monthly rent for 50 years. That makes your landlord $720,000 richer, and you poorer by that amount minus the value of the home itself.
Mostly correct, but some people have no ability with no fault of their own. I was well prepared for retirement, but I also cared for people in trouble and brought a couple into the United States from the woman fired because she was not Catholic. Then because I refused to work at that one place (out of 20 countries where I did work) I was also fired. I saved enough to buy a property, but lived on social security. Then when a college student who lived in my house was forced out because she was interested in my life and reading the Bible, she was forced to sign a paper against me and put me in jail when I broke no law or did anything wrong, so I had to increase my mortgage to where I can save nothing.
In other words, based on my work in most states and 20 countries, I am very careful to avoid judgement by appearance or conditions.