#ChickChat Episode 50- Owning a Home Builds Wealth
All right. This episode is a really, really interesting one and I want my millennials to really pay attention. This one talks about how owning a home helps you build wealth.
If you think about it, all of the really wealthy people, the Grant Cardone, the Tony Robbins of our generation, they all own a lot of real estate. And the reason why is because they use it as a piggy bank. When you own a home, you are basically paying yourself putting that money into the equity instead rent, and then you'll get that money back whenever you sell and hopefully more. That's the name of the game, right? So your initial down payment, that will get you into your starter home, let's say. Now, whenever you sell that home, you will hopefully have an increase in value.
So then you'll be able to walk away with more money that you put down in the first place. So then you can take that chunk of money, see how it's like a piggy bank? You can take that chunk of money and you can put it towards your next home, which will be hopefully even bigger, while keeping your monthly payments the same. Want to know how to build wealth? Contact me today to get started on how you can start building wealth.
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