The Fifth Cure — Make Your Home a Profitable Investment
from The Richest Man in Babylon by George S. Clason
Owning your home is one of the best ways to reduce the cost of housing and to have more money available for other spending.
How to Apply This
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Own your home.
If you take out a loan to buy your home, you will be paying yourself when you make mortgage payments instead of a landlord. -
Start saving for the down payment.
You will be able to get better offers for a loan when you can show that you have a portion of the necessary sum to buy your own home. -
Identify the cost of housing and aim to minimize it.
By owning your own home, you have more options than by renting it. Use this to find ways to bring down the cost of housing.
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