Most people, including myself, do the opposite of all these things. During the housing bubbles - and there are many of them in many countries and they still go on today - people buy out of fear. They are afraid of "missing the boat" on this great deal and want to jump on the ship before it sails away forever. "Buy now or be priced out of the market for a lifetime!" is the mantra the Real Estate Agents use. So a two-bedroom bungalow that sold for $100,000 a few years ago is sold for $400,000 to some sucker, who loses it to foreclosure. A few years later, it sells for $100,000. Wash, Rinse, Repeat.
Many Real Estate agents chant the mantra, "Buy as much house as you can afford! Get a bigger tax deduction!" as they love to chant mantras. So you buy a four-bedroom mini-mansion on the premise you will make a larger "profit" when you sell. But in the meantime, you are house-poor and financially stressed and living paycheck-to-paycheck. When the house needs a new furnace, you simply don't have the cash to afford it. If you lose your job, your cushion of savings - if you have any at all - doesn't last very long.
I don't think much of financial gurus or indeed, Tony Robbins and his fire-walking shtick. But even a stopped clock can be right, twice a day.