You Don’t Have to Own Real Estate to Build Wealth, According to CFP [Video]

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We’re often told that buying a home is one of the greatest investments we can make. But just because it’s the “American Dream” and a tangible sign of success for many, it doesn’t mean it’s your best option if your goal is building wealth.

While real property can boost your balance sheet and play a part in growing your wealth, it’s critical to understand that you don’t have to buy property to get rich.

Let’s break down some of the myths around real estate as an investment that can mislead you — and in the process, show why real estate isn’t a prerequisite for building assets.

Real estate isn’t always a good investment (or an investment at all)

“Always” and “never” …