Daily Juice 064 – Make thy dwelling a profitable investment

Daily Juice 064 – Make thy dwelling a profitable investment

This week I am getting thru the universal laws of prosperity from “The Richest Man in Babylon” book by GEORGE SAMUEL CLASON, which are referred to as the “Seven Cures for the lean purse”.

Review chapter #5 in the book.

Today’s discussion:

The Fifth Cure: Make thy dwelling a profitable investment

Although this statement may make sense for some families, recent history shows that home is not always a profitable investment.

I actually would like to suggest not to think of home or your primary residence as an investment. Yes, I know you pay down the mortgage, the home increases in value and you get equity or profit. The true definition of an “investment” is an asset or an item that is purchased with the hope that it will generate income or will appreciate in the future.

If you live in a home it doesn’t produce income,  it can only appreciate in value over time. We’ve seen what happened in 2008 with many people’s homes.

If you want to have a profitable investment in real estate, think about types of real estate where other people use it,  and pay you an income.

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Anna Sergunina
Anna Sergunina

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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