Owning Property is the #1 Way Americans Earn Wealth
- LaTarra Woodring
- Mar 21, 2020
- 1 min read
When you think of wealth and ways to obtain it what do you think of? Do you think of obtaining wealth by saving money? Maybe investing in the stock market? Owning a business? Does your wealth-earning strategy involve coming up with a novel idea and making millions?
"The major fortunes in America have been made in land" - John D. Rockefeller
All of those ideas are excellent ways to earn wealth! A good starting point would be owning property. Starting with your first home and building the equity there puts you in a good place to sell or borrow against it later, positioning you to use your new earnings to start that business, buy those stocks or level up to your dream home!
When we talk about generational wealth we are talking major moves. Those who came before you created a legacy for your family to reap what they have sown in hopes you would do the same. Creating or continuing lasting wealth through generations requires savvy, patience and education.Think about it- the work you do today, the plans you make for the future are about the legacy you will leave behind, passing the torch, like in a relay race.
"Rich people plan for 3 generations, poor people plan for Saturday night" - Gloria Steinem
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