Finance > Insurance > Home InsuranceWealth Building An Advantage of Home Ownership
Posted by nick_niesen in Finance on November 8th Cheap Dustin Tokarski Jersey , 2010
As you grow older, the issue of wealth building comes front and center. Wealth building simply refers to increasing the net value of your total assets. Wealth building over time is one of the advantages of home ownership.
Building Equity
Owning a home can help you build wealth in two ways. First, you build equity by paying down your mortgage. A certain percentage of each mortgage payment goes towards a reduction in the total amount owed. Typically, payments in the first few years of the mortgage are primarily applied to interest on the loans. As time passes, however, more and more of each payment is applied to the outstanding loan amount. Before you know it, the $300 Cheap Ondrej Kase Jersey ,000 loan is down to $50,000 and youve gained $250,000 in wealth.
Appreciation is the second wealth building advantage to home ownership. Each year, the value of your home will increase or decrease slightly based on market prices. Over time, real estate has always appreciated in value. In the current market, homes in some parts of the country are appreciating at rates as high as fifteen to twenty percent! Appreciation is a very popular subject with homeowners.
Wealth Building Example
Let聮s look at a simple demonstration of how advantageous home ownership can be. Assume you buy a home in 2005 for $400,000 and Cheap Simon Despres Jersey , for the purpose of simply mathematics, pay no down. Over the next 10 years, your mortgage payments reduce the outstanding mortgage by $100,000 and the home increases in value to $600,000. The value of your home as a net asset has grown to $300,000 [$600,000 minus $300 Cheap Patrick Eaves Jersey ,000]! If you had rented during this period, you would have missed out on $300,000 in wealth. This simple example should show you the advantage of home ownership.
Historically, home ownership is one the best ways for families to build wealth. If you don聮t currently own a home, you should start looking for one.
Having a coach to see and guide you through a competition is not enough to be an ace athlete. Someone must coach you until you reach mastery. That someone ought to be a real athlete himself, coached or "fathered" through a long process by a qualified "father" in athletic training.
A "father" in training is a battle-hardened master armed with a wealth of experience in his chosen field. He is not only knowledgeable in it; he can be considered an epitome in the field. He has seen lots of actions and has been part of them, and he knows every nook and cranny of the arena. He is so familiar with the "feeling" of being out there...where the action is.
He knows that real sports encounters are alive Cheap Ryan Garbutt Jersey , meaning anything can happen out there, and no pattern or formula can compare to live, on-the-spot events. It is only the accurate judgment and experience of the wise that can cope up with live events. He is also so sensitive to the right and wrong forms, including the executions of a technique, the timing, and the right effects. All these can only be available to a real "father" of sports training.
Some coaches are mere P.E. teachers, or at best Cheap Andrew Cogliano Jersey , athletic players once upon a time. They can help some, but at times, they can be more of a hindrance than wise guides for trainees. They will tend to be bookish and stick to "what the book says" or to what they have learned in school, or to what they have experienced in amateur contests.
Without mastery (through real, professional sports encounters), they lack the sense to know that aside from mastering basic forms or moves, you have to be flexible and adaptable to unexpected things that are likely to happen out there in the actual arena. Only seasoned sports "fathers" will be able to divulge these details and wisdom to trainee-"sons". (Remember Cheap Kevin Bieksa Jersey , we are talking about becoming the best here.)
With his skills and experience, a "father" trainer patiently raises up "sons" to continue his calling, or pass down his mission to succeeding generations. He knows too well that champions come from a relay of skills and wisdom, or a technology transfer, and not from those who start out from scratch.
You cannot train yourself, or train alone, and come out the champion. You also cannot have amateur coaches train you to be champion. You have to feed from the experiences of those who had been there before Cheap Jonathan Bernier Jersey , seen real tough actions, and really made it to the top. They may be likened to a lighthouse that points out what is right and what is wrong, separating fact from myth.
An athletic player acquires knowledge and skill mostly from his own experiences. He may upgrade that by joining competitions and by wearing colorful uniforms, and subjecting himself periodically to different coaches. He occasionally reads books about the game. He may even be awarded best player. However, he does not make a career out of it. Eventually, he drops out from the scene and the sport altogether. He will have good stories to tell about how he used to be this and that, but people may not be able to trace his stories because of his now bloated physique due to the absence of training.
An ace athlete Cheap Jean-Sebastien Giguere Jersey , on the other hand, is a "son". He has a "father" who raises him up, and this athlete is aware that he is not just being raised up to win an event or a couple of events; he is being raised up to be a father to raise up other sons someday. Unlike the athletic player who would point to dusty trophies and medals and photos of victories as his proof of being once in the sport, real athletes point to actual "fathers" who have trained them and from whom they have received "trade secrets" for success.
They also point to actual athletes and champions they have personally trained and "fathered" to pass on the heritage for generations t. Cheap Authentic Jerseys Cheap Jerseys China Wholesale Cheap Authentic Jerseys Cheap Custom Jerseys Cheap Authentic Jerseys Cheap Authentic NHL Jerseys Cheap Authentic NFL Jerseys Cheap Basketball Jerseys From China Cheap Authentic Baseball Jerseys Cheap College Jerseys From China
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