Liability or Asset

It’s common for people to think of their house as an investment. Asset or liability? Depends on how you look at... If you own the home, rent it out & it pays you income, your home is 100% definitely an asset but... in my opinion your primary residence is more of a liability than an asset. It eats money. Repairs, services, taxes etc. Especially, if you find yourself in a place where you are out of income. I remember my first year in financial services having thoughts of selling my home to make it work. Not a great thought... Felt like quick sand... The house was a weight on my shoulders. Luckily, everything worked out & I did not need to sell. I want to make clear, this post is in no way meant to be a recommendation to sell. Please seek you own council if you need guidance. What are your thoughts? Asset or Liability? Job seekers - Let me help you get back to your cash flow by joining the WYK Summit 👉 http://vid.us/ywkwhg