Your nephew is 25, has $50K saved, and asks you "should I buy a house or start a business?" What's the answer that most people would be terrified to give?
The house is the risky bet—it guarantees you miss your upside, while the business could make you irrelevant or change the world.
At 25 with $50K, you're not deciding between safety and risk—you're deciding between two completely different games. A house is a bet on the world remaining mostly as it is. You get 3-5% annual returns, capped upside, and a nice place to s...