"Owning a home is a keystone of wealth... both financial affluence and emotional security"
- Suze Orman
About this Quote
Suze Orman’s assertion that owning a home is a keystone of wealth highlights the profound impact of homeownership on a person’s financial and emotional well-being. Owning a home often represents the most significant financial investment people make in their lives. Unlike renting, where monthly payments go toward the landlord’s equity, homeowners build equity in their own property over time. As the value of the home appreciates, this equity can become a powerful financial resource, whether it’s used for further investments, education, or providing security in retirement.
Beyond direct financial growth, homeownership can be a fundamental component of wealth accumulation for families, creating a tangible asset that can be passed down through generations. Homes often appreciate in value over the long term, offering a hedge against inflation and granting a measure of protection from the rising cost of living. Monthly mortgage payments essentially act as forced savings, gradually increasing the homeowner’s net worth. For many, this gradual accumulation of wealth forms the cornerstone of their overall financial stability.
Financial advantages, however, are only part of the equation. Emotional security is another crucial aspect that comes with owning a home. Having a place to call one’s own typically brings a sense of stability and belonging. It allows individuals and families to establish roots in a community, personalize their space, and plan for the future with confidence. Homeownership often strengthens one’s sense of responsibility and pride, fostering improved well-being and a deeper connection to the community.
The psychological reassurance of having control over one’s living environment—free from the uncertainties of rental agreements, landlord decisions, or sudden moves—cannot be underestimated. This combination of financial growth and emotional comfort makes homeownership a keystone, or essential building block, for a lifetime of security and prosperity.
This quote is written / told by Suze Orman somewhere between June 5, 1951 and today. He/she was a famous Author from USA.
The author also have 9 other quotes.
"We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded"
"The fact is that people are good, Give people affection and security, and they will give affection and be secure in their feelings and their behavior"
