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Bad Idea - Buying an Engagement Ring is a BAD Investment

3,814 views · Published 13 August 2018 · 10:37 · Indexed 10 November 2026

Channel: Canadian Real Estate Channel · 2018 · Education

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Engagement Rings 101: 
Lesson 1: They're an expensive waste of money?  

Wait - before you dislike this video - comment below on your thoughts on engagement rings! Is there a logical or rational argument for them? Why not buy a used engagement ring or use an heirloom ring? OR why not have your marriage band serve dual purpose?

Bad Idea - Buying an Engagement Ring is a BAD Investment - May be a bit click baity - but it's true. Engagement rings are a bad investment and a bad idea overall. It's not historic practice dating back millennia. 

If you enjoyed this video, and want to see more of Matt tackling social norms - SMASH that LIKE BUTTON and SHARE on SOCIAL MEDIA!

Also what other social norms should Matt discuss?  Let us know in the comment section!

Further Reading on Engagement Rings:

https://money.cnn.com/2017/09/18/pf/marriage-money-mistakes/index.html

https://www.theguardian.com/commentisfree/2013/nov/02/dont-buy-an-engagement-ring

https://smartasset.com/credit-cards/why-a-diamond-engagement-ring-is-not-a-good-investment

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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt discusses a variety or real estate and personal finance strategies and tactics. Including: How to BRRRR Real Estate, The Importance of Investing for Cash Flow, How to Reach Financial Independence Retire Early, Safe Withdrawal Rates, Frugality and Reducing Personal Consumption & Embracing Minimalism.  

Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College.

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