<prompt> Human: Has anyone out there gotten rich renting? I know the American dream is to buy a house, but thats not really my dream. I am going to graduate law school next year and my first year annual compensation will be just shy of 100,000, so not biglaw money, but decent for a low COL area. My share of the rent is 1000 per month. I want to just stuff all my extra cash in index funds and be able to retire as early as possible. I feel Ill have more extra money if Im renting no property taxes, which are high here; no maintenance costs; lower insurance costs; lower utility bills. Has anyone done this successfully?  <response>: You dont get rich while renting or owning. You get rich by saving and earning. Reducing your costs via renting or owning depends on your situation but either choice can be good. One key point of renting is you are more mobile. If you are more mobile then you are more able to accept a higher paying job that will need you to move. 