Buying a home is a fantastic way to build your personal wealth over a lifetime. It allows you to put your money toward an appreciating asset (in general) rather than subsidizing someone else's property.

Key Takeaways:

• Rent money is wasted. A mortgage payment adds to your net worth.
• Know what your housing needs are and your timeline to buy. With this in mind, manage your money so that it's available when needed.
• Be patient and emotionless when going to buy. This is a big decision and shouldn't be taken lightly.