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Assets generate cash flow, while liabilities drain your finances. It's important to grasp this difference. Buying a property to live in might seem like an asset, but it often behaves more like a liability. Mortgage payments primarily consist of interest, especially in the initial years. Plus, the average property hold period means frequent mortgage renewals, favoring banks. If you want to dive deeper into the difference of advertised interest versus compound interest, click the link on my channe
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