Rethinking Buying vs. Renting/Leasing

way you can actually make money on it you know guys I was always under the impression that buying was the best way to go simply because you're investing into yourself but are you really investing into yourself if you buy something and you're losing money or if you don't really have a need where it can pay for itself off that's when renting becomes your best friend cuz there's a lot of options to both renting and leasing but leasing has some dangers associated with it as well and although renting may seem like the most expensive option at times it actually in the long run turns out to be a very good very viable option now since I've did that podcast I have leased and rented more equipment in the last two years than I did in the 20 years prior to doing that podcast because the realization came pretty quickly that both renting and Leasing have advantages over buying all day and night one of the advantages of renting or leasing it's completely 100% tax deductible another advantage that you guys probably know is no maintenance you don't have to mess with anything so I had gotten a a backo that I had boughten back in the day when I always firmly believed that buying was the way to go and I used it for a couple decades and then I went up to sell it and I got the same amount of money out of selling that back hole as I did when I initially bought it so in practicality