The series of enlightenment continues. Since the schedule was released on Tuesday, whispers of “they can start a 16-game season as late as October 2” ring loudly in my ears. Sit back and enjoy. We might be able to hit the 200 mark with this list if a lockout lasts until the fall.
#3. BUY PROPERTY, DON’T RENT
Ok, I don’t expect you to take financial advice from some schmo that blogs about the NFL and other pop culture items.
However, this is a pretty simple concept.
Let’s say Person A pays $700 per month for two years to live in an apartment. That’s $16,800 which they will never see again.
It’s almost as if it’ll disappear into the atmosphere.
Renting is a short-term remedy; not a long-term answer.
Conversely, if buying is the main option, selling the property at a profit is a distinct possibility despite the looming presence of a mortgage.
Speaking of buying property, that brings us to the latest Tom Brady news. According to the Boston Business Journal, the Patriots quarterback recently sold his Manhattan condo for $17.5 million.
He bought that pad back in November 2006 but never actually lived in it. By sitting on the property for nearly five years, he banged out a $3.5 million profit.
That’s not going to happen if you rent boys and girls.
If you’re an east coaster, the ultimate move would be buying a shore house property and then renting it out during the summer to all of those crazy college kids.
They love putting their shore house pictures on Facebook and telling all of their friends to stop by for a kegger. Thus, it gives you the opportunity to wear the dual “landlord/property owner” hat.
That’s why saving money is a crucial key to life when you’re young; it leads to having options.
When graduating from college, try to put up with mom and dad’s shenanigans a bit longer to save a few dollars.
Hopefully with some shrewd money management, you’ll be able to buy your own digs one day.
Pulling in a $3.5 million profit like Brady may not happen, but buying property can lead to a profit down the road.
Categories: NFL Lockout, Tom Brady

Buying property is always better if you can afford it. I agree with rent being “money thrown away”.