Wednesday, August 28, 2019 / by Michelle Ramos
Unlike any other expenses and overheads, your monthly housing cost can be utilized to increase your family's net worth. It's the only investment option out there with a dual purpose; you can live in it and increase your wealth through it.
As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home. That is why Gallup reported Americans picked real estate as the best long-term investment for the sixth year in a row. According to this year’s results, 35% of Americans chose real estate. Stocks followed at 27%, then savings accounts and gold.
If you want to find out how you can use your monthly housing cost to increase your family’s wealth, meet with a real estate professional in your area who can guide you through the process.
Reblogged from: http://bit.ly/30GAJiH