No doubt you have been told that a house is a great investment, and this is generally true. For most people nearing retirement, their work retirement fund and their home equity are the only assets they have to depend on. However, I will point out that a house is both a nest and an investment. As a nest, you consume housing services from the physical structure you own. You therefore want to be conservative in the type of mortgage you select, and I recommend a simple 30-year fixed-rate mortgage. As an investment, a house is an asset that pays you a return either in a dividend or in the appreciation of its value. More than that, owning a house also offers some income tax relief.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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