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‘I’m a millionaire and I proudly rent’: Mrs. Dow Jones says the American Dream needs a rethink

Haley Sacks says homeownership shouldn’t define financial success as younger Americans rethink the milestones they inherited.

‘I’m a millionaire and I proudly rent’: Mrs. Dow Jones says the American Dream needs a rethink

Haley Sacks, a millennial financial creator with over 2 million followers, says she's proud to rent despite being a millionaire. She believes owning a home should be a lifestyle choice, not a metric of financial success. The creator argues that buying a home is often a "money trap" since it requires more than just the purchase price to make it personal.

Instead, she suggests investing in the stock market with the money that would go toward a down payment, which could offer a different path to wealth. Sacks acknowledges that her own path to building a business included family support, but she encourages younger generations not to let the idea of owning a home dictate their financial future.

Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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