‘I’m a millionaire and I proudly rent’: Mrs. Dow Jones says the American Dream needs a rethink
Source: Fortune ·
Haley Sacks says homeownership shouldn’t define financial success as younger Americans rethink the milestones they inherited.
From the source
Haley Sacks would love to own a house outside New York City once she has a family. She wants to choose the paint colors, the handles on every door. But the financial creator known as Mrs. Dow Jones also expects that dream will be expensive. Because of that, she says buying a home should be a lifestyle choice, not a measure of whether someone has made it financially. “I’m a millionaire, and I proudly rent,” she told Fortune’s Ellie Austin on Fortune Daily. The millennial creator, who shares personal finance advice with more than 2 million followers, is challenging the money rules younger generations have long heard from their parents and grandparents. “We all still have this idea in our head that when we own a home, that’s when we’re going to be an adult,” she said. “But we have to rethink that because many of us are never going to own a home.” That pressure is colliding with an economy that has made those milestones harder to reach. Some young adults are adapting by buying…