Wednesday, December 5, 2018

Is it worth investing on home?

Is house worth buying?,is house worth it?,financial planning,financial management
Investing on home
  • I have seen a lot of people who thinks that investing on home is better of all, in investing which gives them more profit in future.Generally most of the people take loans from bank for investing in their home.Whatever they get extra they put all of their income in their so called 'dream home'.What actually they do is, they take large loans from bank and spend their entire life in paying that loan,which actually costs two to three times the borrowed amount.Also their house which they consider as an asset grows very slowly in comparison to inflation rates and the actual cost they have paid for the house including loan amount.So in order to stay away from this trap,one must find alternatives for investing his/her money so that it must grow more than inflation rates which earns you more profit.
  • So here are the ways :
  • 1.Learn about stock market
  • 2.Invest in mutual funds .   
  • 3.Avoid taking loans.           
                     4.Invest in buying stocks and bonds
Surely not only learning about these things will give you financial independence but it will also help you to get out of debt trap and this will also grow your money far more than inflation rates.
I hope you enjoyed this article.
BYE😊

No comments:

Post a Comment