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Self Made Millionaire to Millennials: Don’t Rent a Home—Buy

If you’re not prioritizing home ownership, you’re making a costly mistake, says co-founder of AE Wealth Management and self-made millionaire David Bach.

In fact, not buying a home is the single biggest mistake millennials are making, he tells CNBC Make It: “The most important advice I can tell you right now if you’re young is: Don’t listen to these people that tell you should rent versus buy.”