Is your home a liability?Posted: April 10, 2015
You may be surprised to hear me say this, but odds are it is!
Your residence is a liability as long as it costs you money to live there; but once it is paid for, your home becomes an income producing asset, because it will appreciate more rapidly than almost any other asset.
Investing in a personal residence is the very best investment a person can make. Not only does it provide shelter, it also functions as a ‘forced’ savings program and protects your investment against inflation!
Remember, you can purchase your own home or you can purchase a home for the landlord, the choice is yours!