“The most important piece of advice I’ve got to give anybody that wants to get started on the wealth-building track is this: buy your own home,” says Dr. Joseph Simini author of Financial Security in an Unstable Economy. The problem is that many people pay a landlord who uses the money to pay loans, fix up the property, and keep it in good repair. When the loan is paid off, the building belongs to the landlord, while the tenant owns only rent receipts. Buying your own home is the most …
