Skip to Main Content
Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life
book

Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life

by Ph.D. Moshe A. Milevsky
January 2010
Beginner content levelBeginner
224 pages
5h 26m
English
Pearson
Content preview from Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life

6. Can You Eat Your House or Will It Ever Pay Dividends?

You recall from our previous discussion (in the Introduction, “Human Capital: Your Greatest Asset”) that for most people during most of our lives, human capital is the most valuable asset on our personal balance sheets. But have you ever thought about what asset is next in line—what your second -most-valuable asset is? It probably won’t surprise you to learn that for homeowners, this spot is occupied by their personal residence. According to the Survey of Consumer Finances (SCF), their personal residence represented fully 85 percent of homeowners’ financial net worth in 2007. For the general population under the age of 35 (not limited to homeowners), homes represented fully 220 percent ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Essentials of Personal Financial Planning

Essentials of Personal Financial Planning

Susan Tillery, Tom Tillery
Work Your Money, Not Your Life

Work Your Money, Not Your Life

Roger Ma, Jennifer Ma

Publisher Resources

ISBN: 9780137067718Purchase book