What do most people do when they are given a lot of money? They spend it.

However, money is only really useful to your family long term if you can make this money or property work for you to support you long term.

It's true it takes a lot of money invested to do much.

But for example, if you have a house paid for it is possible that your family will always have a way to live without paying rent the rest of their lives as long as they pay the utilities and property taxes and maintain the house enough so it is livable ongoing for hundreds and hundreds of years (if the house was properly built and maintained over time.

So, a home is likely the best investment most people make for their families if they can do this. 

However, the other side of a house is that it is a liability until it is paid off (unless you can mortgage the house to get more money to invest) and even then until that house is paid off it is a liability and this is important to understand.

What happened during the Great Recession?

Loans that were adjustable rate loans put homes underwater( which means the homes became worth less than the loans and so many people just walked away from those loans and or went bankrupt.

So, what does this tell you?

It tells you that any Adjustable rate mortgage could again be suicidal financially in the future again  if something like this happens again. 

So, since Tariffs seem to be taking us into another recession or even Great Depression worldwide it might be important to pay off now whatever mortgages  you owe money too before the recession gets any worse than it is right now.

The dynamics presently are sort of like this "Recession Specials" means businesses are struggling to stay in business especially small mom and pop businesses. The next thing that could happen is people realize that they cannot afford to buy enough food to feed their families. So, they go now to the Food Banks wherever they live so their kids don't starve to death.

However, what happens when richer and richer people can no longer afford to donate to food banks because they have no extra money either?

This is where more and more people might starve here in the U.S. and crime rates likely will go up a lot like during the Great Depression with Al Capone the Gangster who became a crime lord partly because of the Great Depression dynamics here in the U.S. especially in Chicago, Illinois.

by the way Herbert Hoover loved Tariffs too and this brought in the last Great Depression.

Something to think about.