The best way to build wealth is to become a homeowner

Few spending choices in life are as smart as buying a home.

That fact has been on full display in the United States as the housing market has boomed, rapidly increasing the wealth of homeowners. Unfortunately for renters, it has been a wealth wave they missed.

But it's not too late, said David Bach, author of the best-selling The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate.

"We're seeing homeownership become accessible to more people," he said in an interview.

Homeownership, however, may not be for everybody. (Read More)

Source: Baltimore Sun