The problem with buying your own home is it doesn't generate any income. You are the one paying the rent. As long as you have a job that is fine and probably a good way to get started with getting your first real estate property.
Why buying your own home is not an investment but a liability
However, the problem is you have to keep your job otherwise you can't pay your mortgage.
The whole purpose of investing is to generate more and more income and to keep your cost low. So eventually you will generate more income through your investments than the expenses you have.
This is the reason why buying your own house is not considered an investment but a liability.
Your own home is not generating any income, rather it is creating more expenses. For example maintenance, taxes, etc.
So if you are looking at your investment portfolio, the amount you create to generate an income .. it is better not to add your own home to it. Since it is not generating any income.
Althought in the long term once you paid off your house it could save you a lot of money and make your living expenses much cheaper.
However it is not considered to be part of your investment portfolio.
LEADMAN: The Dave Mackey Story - Very Inspiring Running Story - 😃 THANKS FOR WATCHING 👍
LEADMAN: The Dave Mackey Story - Very Inspiring Running Story - 😃 THANKS FOR WATCHING 👍 VERY, VERY INSPIRING RUNNI...
Heavy As Lead: From 300lbs to Running the Leadville 100 Miles - 😃 THANKS FOR WATCHING 👍
Heavy As Lead: From 300lbs to Running the Leadville 100 Miles - 😃 THANKS FOR WATCHING 👍 VERY INSPIRING RUNNING DOC...
CHASING POUNAMU - Running Tarawera 100 mile ultra-marathon from the back - 😃 THANKS FOR WATCHING 👍
CHASING POUNAMU, an inspirational authentic story that follows a back of the pack runner, as he runs for redemption a...
The Game Changers Movie - Debunking Protein Myths
The Game Changers Movie - debunking Protein Myths Executive produced by James Cameron, Arnold Schwarzenegger and Jack...
Breaking2 Project - Documentary
Breaking2 Project - Documentary We believe barriers are meant to be broken—even one as crazy as running a marathon un...
Why do we run 100 miles? Documentary
Why do we run 100 miles? Documentary Why do we run 100 miles? It's a question I get from friends and acquaintances qu...
Showing Up - documentary
SHOWING UPThe documentary film will take you in-depth into the lives of 8 athletes who collectively tell the story of...
FOUND ON 49 THE STORY OF JIM WALMSLEY
FOUND ON 49 THE STORY OF JIM WALMSLEY FOUND ON 49 THE STORY OF JIM WALMSLEYThe story of Jim Walmsley's first 100 mi...
FROM FAILURE TO SUCCESS Most Incredible Story by Rich Roll
FROM FAILURE TO SUCCESS Most Incredible Story by Rich Roll FOR THE FULL INTERVIEW: http://youtube.com/TomBilyeuGET...
Chasing Ten Ironman Triathlon Documentary
Chasing Ten Ironman Triathlon Documentary Triathlon is a sport that requires endurance and dedication in order to su...