Do You NEED Real Estate To Build Wealth?

<p>Do you&nbsp;<strong>need&nbsp;</strong>real estate to build wealth?</p> <p>It&#39;s a respectably debatable question.</p> <p>The first question everyone should ask is, &quot;What does wealth look like to me?&quot;</p> <p>For some, wealth equates to freedom, having six or seven figures in the bank, or having enough to cover bills, expenses, and some.</p> <h2><strong>What does wealth look like for&nbsp;<em>you</em>?</strong></h2> <p>Define this to help you create your financial roadmap.</p> <h1>Homebuyers</h1> <p>For some people who buy a home, it takes them 30 or more years to pay it off, and they never acquire more than one property.</p> <p><strong>By the time they do pay the house off, what do they have?</strong></p> <p><em>A paid-off house and money in retirement&nbsp;</em><strong><em>if</em></strong><em>&nbsp;they invested prudently. But for many, this is all they have, and the wealth they build is relatively similar to their fellow renters.</em></p> <p>What is the point of being house-poor if you never have money?</p> <h1><strong>Renters</strong></h1> <p><strong>What does the renter have?</strong></p> <p><em>It depends on what the renter does with their money.</em></p> <p>If you&#39;re a renter and decide never to buy property, there are other definitive ways to build wealth, which could come via:</p> <ol> <li>Spending less than you earn.</li> <li>Investing in non-real estate ventures.</li> <li>Investing in digital real estate (REITs).</li> </ol> <p><a href="https://themakingofamillionaire.com/do-you-need-real-estate-to-build-wealth-32a233c74d40"><strong>Click Here</strong></a></p>
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