# Should You Ever Buy a Multimillion Dollar Home? \| Ep\. \#562

**URL:** https://www.singlegrain.com/episodes/marketing-school/should-you-ever-buy-a-multimillion-dollar-home-ep-562/  
**Published:** 2018-02-13  
**Author:** Selena Templeton  
**Summary:** In episode \#562, Eric and Neil discuss why you should probably not buy an expensive home\. Tune in to hear on what you should actually be spending your money on\.\.\.\.  

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In episode #562, Eric and Neil discuss why you should probably not buy an expensive home. Tune in to hear on what you should actually be spending your money on.

**TIME-STAMPED SHOW NOTES:**

- \[00:27\] Today’s Topic: _Should You Ever Buy a Multimillion Dollar Home?_
- \[00:34\] The home Eric just sold was worth close to a million.
- \[00:43\] Neil has lived in some big homes.
- \[00:55\] Neil had an expensive condo on the Las Vegas Strip because the builder was selling them for less than their value.
- \[01:20\] Neil doesn’t think homes are valuable and a waste of money.
- \[01:34\] Neil’s friend has a two-bedroom condo and believes real estate is one of the worst investments.
- \[01:52\] You could make more money investing in Tech.
- \[02:00\] If you are interested in real estate, look up [Grant Cardone](https://grantcardone.com/), who has a funny YouTube channel all about it.
- \[02:09\] Eric’s mom is a real estate agent and she is always pushing him to buy a home.
- \[02:31\] Eric and Neil would rather invest in businesses and themselves.
- \[03:19\] All the homes Neil has ever purchased were for investments. He believes in staying in hotels and dumping money back into tech.
- \[04:00\] Instead of wasting money on a down payment, put it back into your business.
- \[04:13\] You are better off renting.
- \[04:54\] Warren Buffett talks about staying in your lane.
- \[05:10\] Eric and Neil focus on investing in what they are good at or that they understand.
- \[05:38\] If you choose to have a big home, use it to have dinners for entrepreneurs.
- \[05:57\] Dinners led to $200,000 in deals for Eric’s company.
- \[06:15\] Eric originally paid for dinners, but then found a way for his guests to pay for it.
- \[06:23\] He used Eventbrite and put a price on the ticket to dinner.
- \[06:37\] That’s all for today!
- \[06:39\] Go to [Singlegrain.com/Giveway](https://www.singlegrain.com/giveaway) for a special marketing goodies giveaway!

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The post [Should You Ever Buy a Multimillion Dollar Home? | Ep. #562](http://marketingschool.io/should-you-ever-buy-a-multimillion-dollar-home-ep-562/) appeared first on [Marketing School Podcast](http://marketingschool.io/).