A Virginian lottery winner of $155.6 million opted for a zero-turn riding mower instead of a luxury mansion, a departure from typical splurges. In contrast, Edwin Castro, a California Powerball winner, spent millions on multiple mansions and vintage cars. The financial wisdom of simple living over extravagant spending is highlighted.

Skipping the mansion may be a smarter financial move for the Virginia winner, despite real estate’s wealth-building potential. Homeownership is a powerful asset, with homeowners having 43 times more net worth than renters. However, barriers to homeownership are high, leading to interest in fractional real estate investing for more accessible wealth-building opportunities.

Fractional real estate investing offers a modern approach to tap into real estate income and appreciation without hefty upfront costs. Platforms like Arrived allow investors to start with as little as $100, making real estate wealth-building more attainable. The key is making money work for you, whether through property ownership or other investment avenues.

Real estate can provide high returns but can also be a hassle. Arrived Home’s Private Credit Fund offers an annualized dividend yield of 8.1%, with a minimum investment of $100, providing access to short-term loans backed by residential real estate. This alternative investment avenue allows individuals to benefit from real estate returns without property ownership.

Read more at Yahoo Finance: Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a $348 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead