Home Sweet Asset

A home is a valuable and versatile financial tool that can help you increase your wealth.

We all know the well-worn truism that owning a home is a key part of the American dream. The belief has deep roots that hark back to one of the main reasons our forebears left the old country: to become property owners, which was the key to freedom and financial in­dependence. My great-great grand­father left Ireland in 1847, traveled to Wisconsin and homesteaded 600 acres of land on which the melting glaciers had deposited rich, loamy soil. The land he farmed and wealth the family nurtured was passed down through the generations—and just a little of it trickled down to me and helped me buy the house my wife and I live in now.

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Mark Solheim
Editor, Kiplinger's Personal Finance

Mark became editor of Kiplinger's Personal Finance magazine in July 2017. Prior to becoming editor, he was the Money and Living sections editor and, before that, the automotive writer. He has also been editor of Kiplinger.com as well as the magazine's managing editor, assistant managing editor and chief copy editor. Mark has also served as president of the Washington Automotive Press Association. In 1990 he was nominated for a National Magazine Award. Mark earned a B.A. from University of Virginia and an M.A. in Writing from Johns Hopkins University. Mark lives in Washington, D.C., with his wife, and they spend as much time as possible in their Glen Arbor, Mich., vacation home.