Instead of paying rent, get on the property ladder by buying a property that you can live in while paying less on a mortgage than you do paying rent. It doesn't

Instead of paying rent, get on the property ladder by buying a property that you can live in while paying less on a mortgage than you do paying rent. It doesn't need to be large, that first house, but it will build your equity in an appreciable asset. That asset can be used (down the track) as collateral in a loan or two when you need capital.