Homeownership will have the biggest impact on your net worth. Majority of people plan to build their net worth by buying stocks and having a savings account. Recently, however, respected Economist and the U.S. Census Bureau, shared the biggest determinants of wealth is owning property. This isn’t a surprise, as we often mention that homeownership can help you to increase your family’s wealth. This study emphasizes that idea, having equity in your home can help your family move in that direction, building toward extraordinary financial growth. People are not only creating net worth in the homes they live in, but many are also earning equity in rental property investments too such as condos, multi family homes, or commercial properties. John Paulson, American investor billionaire, hedge fund manager, and philanthropist said it best, “If you don’t own a home, buy one. If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.”
There are financial and non-financial benefits to owning a home. If you would like to increase your net worth, let’s get together so you can learn all the benefits of becoming a homeowner.
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