Your Pillars of Wealth
Personal Finance Essentials Series
Pillars of Wealth are the various repositories of value in which you store and build wealth over time. You can simply think of them as assets. The concept of Pillars is a metaphor. Think of stout pillars or columns supporting your family's financial well-being.
Pillars include retirement accounts, cash, real estate, college savings plans, etc.
Your objective should be to accumulate as many Pillars (or assets) as you can over your lifetime.
Dr. Yuval Bar-Or
Your Pillars of Wealth - Introduction
Introduction to The Pillars
Are Pillars the same as Asset Classes
Stocks & Bonds Pillar
Cash Pillar
Real Estate Pillar
Real Estate Closing Costs
Link to Real Estate Closing Costs (Zillow.com)
Link to Renting vs. Buying a Home (Bankrate.com)
Real Estate as an Investment
Direct Business Ownership Pillar
Link to Choosing Your Business Structure (SBA.gov)
529 College Savings Plan Pillar
Link to CollegeSavings.org
Link to 'Who Can Open a 529 Plan?'
Collectibles Pillar
Insurance Cash Value Pillar
Annuities Pillar
SEC Guide to Variable Annuities
Anticipated Inheritance Pillar
Precarious Pillars
Link to Retirement Estimator (SSA.gov)