If you’re eager to build wealth but are still determining where to start, you may be weighing the benefits of investing in real estate versus the stock market. In this week’s episode of Money Glow Up, host Tiffany Aliche speaks to financial journalist and financial behavior expert Stacey Tisdale to explore the best pathways to building wealth.
Tisdale takes a holistic approach to wealth building, which begins with examining your definition of wealth. Once you’ve defined wealth, the next step is to” align your goals with your spending choices,” Tisdale said. “If this is what I want my life to look like, what will that cost me? Figure out what that number is, and that’ll motivate you.”
Real estate has long been considered a solid and reliable way to build wealth. A survey from Citi shows that 84% of current homeowners agree that owning a home is still one of the best ways to build wealth. But with nearly half of US households unable to afford a $250,000 home, the stock market could be the right investment strategy for you.
Tisdale recommends a balanced strategy that blends long-term and short-term returns by investing in real estate and the stock market. “All portfolios need to be diversified,” Tisdale said. On Money Glow Up, Tiffany Aliche — aka The Budgetnista — creates a space to share authentic and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom every Thursday at 12 p.m. ET to jump-start your financial journey.
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