Your house might be your biggest asset.
That does not automatically make it wealth.
According to the Federal Reserve, most middle class wealth is tied up in the home they live in.
There is nothing wrong with owning a home.
The mistake is believing home equity alone creates financial freedom.
Your house is not paying you every month.
It is usually costing you money through taxes, insurance, maintenance, and repairs.
Real wealth is built with assets that put cash back into your pocket.
Assets that generate income.
Assets that grow over time.
Assets that help you keep more of what you earn.
Owning a home can be part of a strong financial plan.
Just do not mistake equity for income.
What assets are paying you every month?