🏡 Why Pay Rent When You Can Do This?

Summary

Sean Pan explains the house hacking concept using a toy truck to illustrate how costs are divided by multiple car owners when transporting vehicles from California to New York. Similarly, with house hacking, you buy a house, live in one room, and rent out the other rooms to roommates. Their rent payments cover your mortgage, property taxes, insurance, and utilities, so you live for free while building wealth.