A millionaire mentor of mine didn't buy his first house till he was about 35 years old. I remember having a drink with him a few years ago and I asked him why he waited so long to buy a house. He told me that he wanted to have the freedom to leave.

You see, Preston understood deeply that freedom has a high value. Therefore, renting was not seen as throwing money away but allowing him to have freedom of movement.

It was one of the finest money lessons I've ever learned.