Why Renters Struggle to Build Wealth (And What to Do About It)

June 29, 20250 min read
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Is renting keeping you broke? You don’t need to buy a home to build wealth—but long-term renting might be costing you more than you think. In this video, I break down the real financial impact of renting vs. owning and what most people get wrong about building wealth.

Why renting can be a hidden wealth trap
The surprising benefits of homeownership
How to escape the cycle and grow your wealth

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Salena Kulkarni

On my YouTube channel, I share key takeaways from the books I read and the lessons I learn along the way. From productivity tips to business insights and life advice, it’s all about growing and improving together.

For the 20+ years I have been supporting others to walk the path towards financial independence by sharing strategies, tools, insights and wisdom normally coveted by the wealthy.

As a Chartered Accountant and private investor, I created I Can Be Wealthy to fill the gap I wish someone had filled for me when I was starting out: real-world financial education for people who weren’t born into money.

My own journey wasn’t smooth. I spent years working hard, earning more, but never feeling ahead.

I saved for 7 years to buy my first home, made every money mistake in the book and nearly gave up more than once.

But through trial, learning, and eventually investing wisely, I built financial freedom and now I help others do the same, faster and with fewer detours.

This isn’t just about money. It’s about giving people back agency, confidence, and a life with real choices.

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