Everybody envies the businessman or dot.com millionaire. The dream of turning a great idea into a fortune has been the apex of our capitalist economy since its founding. What many people don't know is that there are hundreds of thousands of millionaires in America. These hardworking people get there the old fashioned way. Hard work, good savings habits and patience can lead to a steady accumulation of wealth that leads to a comfortable retirement and a nice endowment for the children of these families that can guarantee prosperity for generations.
A home is usually the single biggest investment that most people will make. Since everyone has to live somewhere, it only makes sense that whatever you pay for living arrangements should provide some type of return down the line. With interest rates still at record lows and historically stable returns, a home can become the centerpiece of a family's financial stability. Coupling the magic of compound interest with home ownership and a diversified 401k portfolio creates a steady buildup of equity and value that is maintained only by discipline and stability. Be smart, not sorry! Start now. It's never too late to begin that slow roll to financial freedom! There are so many way to buy that first home. Got $2,000? You can buy a home! From USDA to VA and FHA mortgages, it is very easy to get your foot in the door and begin your march to a comfortable life and retirement. In the meantime, if you do come up with that new idea or app that can change the world, remember, real estate is also a great investment for rentals, fixer uppers or flipping!