Despite the fact that I have the best roommates in the world, I’ll occasionally remark, “I’m tired of having roommates.”
And Will replies: “Are you $1,700 per month tired of it?”
I don’t need to respond. The answer is obvious. The minor inconveniences — sharing a refrigerator, waiting to use the washing machine — pale in comparison to the additional $20,400 per year that our roommates contribute to our mortgage. It’s a total no-brainer.
In the past two years of living with roommates, we’ve collected $40,800 — enough money to buy a rental house that provides a stream of income for the rest of our lives. (More on that below).
But before I get there, I want to clarify that this isn’t a post about living with roommates. It’s a post about an ever-important concept called Opportunity Cost, critical to anyone who wants to supercharge their wealth.