YOUR HOME IS NOT AN ATM MACHINE

In today's society, words and phrases often take on different meanings from how they've been used in the past. A perfect example is the word 'HOME'. When I hear the word home, what comes to mind is 'security, family, nest egg, warmth, shelter' to name a few. At no time does the phrase 'ATM' come to mind.

Yet, over the last 5 to 7 years, millions of Americans choice to use their homes as an 'ATM Machine' draining what equity/cash they could until there was nothing left. Whose bright idea was that?

Investors purchase homes to generate income, whether it be through renting them, or refurbishing them for resale. Experinced investors know to keep their primary residence (their home), seperate from their investment portfolio.

Owning a home is still one of the best ways to help generate personal wealth, but buying a home is a long term investment, not a get rich quick plan. You purchase a home to build dreams, memories, and with a little luck, the nest egg I mentioned earlier.

If you need cash, use your ATM machine, not your home!