#026 - How to Save a House Deposit in 3 Years Instead of 10
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Homes now cost around 8x annual income, making deposits feel out of reach. Saving the traditional way can take a decade, but there are faster paths to catch up. In this episode, Will explores how investors can shorten the timeline and build wealth outside property.
You’ll learn:
◼️ Why chasing deposits is a losing game in today’s housing market
◼️ How compounding assets can outpace property inflation
◼️ Why building wealth outside housing is often the smarter first step
◼️ Why you may not afford a house today, but can still get rich
Timestamps:
00:00:00 Introduction
00:01:04 - The Shift in Real Estate Investing
00:02:07 - Understanding the Housing Affordability Crisis
00:03:53 - Key Statistics on Home Buying Challenges
00:05:59 - Factors Driving Up Housing Prices
00:06:30 - The Importance of Income in Home Buying
00:07:57 - Rethinking Wealth Generation Strategies
00:09:01 - Which are Better Assets to Grow yourDeposit?
00:11:04 - The Problem with Saving for a Home Deposit
00:12:21 - Investing vs. Saving: The Compounding Advantage
00:13:33 - Conclusion: Making Your Money Work for You