EP336: History Lesson: The Romans Owned Real Estate
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Without a doubt, real estate investing is the best way to build wealth in this day and age. But did you know that rental real estate actually dates back to Ancient Rome?
On today’s show, I’m sharing some historical facts about building dynasties and wealth building in Ancient Rome. You’ll learn about the different types of currencies, the value of owning cash flowing assets, and how to build true, lasting wealth. Don’t miss episode 336 of Investing in Real Estate!
More About This Show
Recently, Natali and I read SPQR: A History of Ancient Rome by Mary Beard. The book is an interesting overview of what life was really like in Ancient Rome. She highlights everything from assassinations to peasant living to board games. If you’re a history buff like I am, you’ll find a ton of value in this book.
But if you’re a real estate investor, it’s even better! Beard explains that Romans understood the value of owning real estate and creating cash flow. In Ancient Rome, this who were smart with their money were landlords–they brought in passive income on a regular basis.
In fact, Cicero, counsel of the Roman Republic is quoted as saying, “The cash that comes from selling your labor is vulgar and unacceptable for a gentleman. For wages are effectively the bonds of slavery.” In Ancient Rome, waged labor was dishonorable; those who created true wealth did so through their estates.
On today’s show, I’m sharing more details from SPQR. I’ll discuss how the concept of building wealth has remained constant for thousands of years, how certain Romans ended up in debt, and so much more!
On this episode you’ll learn:
- What is FIAT money?
- What qualifies as God’s money?
- What is the best way to build a dynasty?
- And so much more!
SPQR: A History of Ancient Rome by Mary Beard
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