I think investing in a home is a key component. By “investing” I don’t mean using goofy interest-free or variable rate loans and expecting to make a killing in 2 years. I mean getting a home sized for your family, using a conventional mortgage... and STAYING in it for a long time so you can ride out the market ups and downs and have a real asset to cash in on when the kids are out and it’s time to downsize.
“and STAYING in it for a long time so you can ride out the market ups and downs and have a real asset to cash in on when the kids are out and it’s time to downsize”
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Bingo !
Selling my family home enabled me to pay cash for a condo and I have been living off the rest of the money for quite a few years,supplemented by Social Security and a small pension.
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