by Cecile Cinco
If at all possible, it is good to have both solid (real estate) and liquid (cash) assets. If you are limited, though, and you have to choose one or the other, what would you choose?
Perhaps it depends in your goal in life.
I’d like to own a house instead of renting because it is wiser to invest on a house than pile up receipts of rental payments. In a few years’ time when rentals will be much higher than today, installment payments for housing loans will be less than the rental charges at that time.
But I’ve got a childhood dream of traveling the whole world. Alone during my childhood days, this time the whole family is attached. I’d like them to travel with me and enjoy all together. If this is what I’d like to happen in the future then I’ll go for liquid asset. That way, going from one place to another is easier than having to leave a house behind, useless since we’re away. I could consider Outer Banks rentals and enjoy the facilities and leave when it’s time to go. Nothing to worry about.
How about you, if you are to choose, solid or liquid assets and why?
Popularity: 22% [?]