THE HOME IS ASSET OR LIABILITY ????

Every person face financial crisis in their life . It is not matter how much you earn , but it is matter of how much you keep . Every person want their dream home and they also saving money for this . Many person spend their most of income behind home and work until their death . They don’t invest  money  for earn extra money without extra effort .

Person have to buy their dream home from their passive income . Passive income means earn money without effort . e.g. INVESTMENT . If person don’t invest money and give first priority to home then  he also wish to buy car , big home , new TV , refrigerator , etc . All this things increase burden . And many times we see people in big trouble . So person have to try to buy this things which increase their money .

Person have to try to earn income from atleast three or more sources . So he don’t face financial problem . Finally we can say that if person give first priority to buy home then it is LIABILITY and if person give first priority to investment and earn income without effort and then buy home then it is ASSET for the person.

E.g. Mr.Patel is 24 years old and his salary is 25,000 p.m. He buy a home of 25,00,000 . For this he took a loan of 10,00,000 . In this case loan increase the burden on Mr. Patel . He have to work hard to repay loan . If Mr. Patel don’t buy home and invest 15,00,000 then he easily earn 10% or more and after some years he can easily buy home withot loan .