According to this article, the average American’s net worth is $1,063,700. Now you may ask, “Dinorah why are you sending this to me, it is not real-estate related”. This article is actually sharing some ideas on how to increase your net worth which is always a great idea and guess which one is the number way to increase your net worth . . . you got it . . . OWNING REAL ESTATE.
Here are some other great suggestions:
- Save money for retirement because the average return on investment has been 10 percent.
- Pay off and do not get into high-interest debt such as credit cards.
- And, of course, the best way to increase your net worth is through . . . YOU GOT IT . . . HOME OWNERSHIP!!!
Based on this article, those of you who own homes in Southern California, are MULTI-MILLIONAIRES because the average home price in CA is now in the mid $900,000 range.
Congratulations to those who are real estate owners, you are now in the Millionaires club.
Call me for those wanting to join the club, and let’s put a plan together for you.
Click Here to Read the Article
Source: The Ascent
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