Wealth Wednesday Q&A: Stacey Tisdale

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  • Why Should Young People Be Thinking About Wealth Building?
  • How Can Someone Avoid This Trap?
  • What are some early steps that someone can take right now to start building wealth?
  • Should homeownership be incorporated into a wealth-building plan?
  • 051613 national wealth wednesday q a stacey tisdale
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Should Homeownership Be Incorporated Into a Wealth-Building Plan?

We are programmed that homeownership is part of the American dream, but you really have to look at what works for your own life. Your housing expenses should never exceed 30 percent of your monthly salary, and that homeownership brings with it the added responsibility of ongoing maintenance, property taxes and property insurance.

Homeownership is not for everyone; don’t invest in an American dream that isn’t yours. (Photo: Daniel Acker/Bloomberg via Getty Images)

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