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Homeownership is the Top Contributor to Your Net Worth

Posted by realtorjara on October 9, 2019
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Net Worth.

Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth,

“The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below):

Homeownership is the Top Contributor to Your Net Worth | MyKCM

This does not come as a surprise, as we often mention that homeownership can help you to increase your family’s wealth. This study reinforces that idea,

 “Net worth is an important indicator of economic well-being and provides insights into a household’s economic health.”

Homeownership is the Top Contributor to Your Net Worth | MyKCM

Having equity in your home can help your family move in that direction, building toward substantial financial growth. According to the report noted above, people are not only creating net worth in the homes they live in, but many are also earning equity in rental property investments too. (See below):John Paulson said it well,

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.”

Bottom Line

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.

The information contained, and the opinions expressed in this article are not intended to be construed as investment advice. Rafael Jarauta, Rafael Jarauta, PA or RealtyWonders.com, does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Rafael Jarauta, Rafael Jarauta, PA or RealtyWonders.com will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

La información contenida y opiniones expresadas en este artículo no tienen la intención de ser interpretadas como asesoramiento en materia de inversión. Rafael Jarauta, Rafael Jarauta PA o RealtyWonders.com no tienen ni garantías ni garantías de la información o integridad de la información u opiniones aquí contenidas. Usted debe siempre realizar su propia investigación y su debida diligencia y obtener asesoramiento profesional antes de hacer o tomar una decisión de inversión. Rafael Jarauta, Rafael Jarauta PA o RealtyWonders.com no son ni seran responsables por ningun dano o perjuicio relacionado con la información u opiniones contenidas en este sitio web.

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