Me took, the rate of return on buying a home almost certainly outperforms any of the options you have on your 401K, and you can usually deduct the mortgage interest.
I have borrowed from the 401K. I pay myself back the interest. Better option than paying all that interest up front to the lender. One look at an amortization table and the author might change his mind, although I suspect “borrowing” may actually mean “withdrawal” in this case.
All true—but more importantly I felt I was just throwing money away on rent at a time in my life where I needed to build some equity/wealth.
“...They forgot the most important financial mistake of all to avoid, being born into a poor family.....”
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I have 3 sisters and two brothers and we were born into a lower middle-class family. Not in poverty but close. Today, all 3 of my sisters, myself and one of my brothers have a 7-figure net worth. 5 out of 6 is not too bad, no?