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Kicking the Property Ladder: Why buying a house makes less sense than renting - and how to invest the money you save in shares, gold, stamps and more by Robin Bennett

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Chapter 6. Geeks Bearing Gifts

STEVE LOOKS LIKE Sting got up one morning and decided to put all his clothes on inside out.

Scruffy.

But then again, he can afford to be. In the seven years I have known Steve, he has gone from being a humble IT manager for his local council to never needing to work in his lifetime ever again. And he’s done it in just the way your granny warned you would lead to ruin and misery. Gambling.

Another interesting point with Steve – he hasn’t spent much money on houses either, at least until quite recently.

When I first met Steve he had developed a sort of party trick whereby, regardless of the outcome of any Formula 1 race, he would pocket around £500. Essentially, he was doing what other people had done before ...

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