Own the home and a typical suburban lot, big enough for a garden and a few fruit trees. We got married, worked 10 years living in a tiny apartment with 2 kids, to save the cash to buy the home outright.
My theory of money management is 'Don't pay the bank. Make the bank pay you.'
By that I mean don't buy on credit and pay interest. No mortgage. Invest the money, receive interest, until you can buy the thing you want for cash.
In addition I own 1/5 share of the family farm. With my siblings, after our folks passed away. This is fairly recent, and we are not sure what we will do with it, but for at least a year or two we are keeping it. It's small, and income from the land just barely pays insurance and taxes.