10/31/2024
I get it! Investing can be complicated and there are so many options. Doesn't have to be.
What would I do if I wanted to retire with millions in the bank and thousands coming in per month?
1. Buy, build or create a business. A simple cash flowing business can give you the needed influx of cash to invest. Business is hard so it's not a part time job. Focus on it for a few years.
2. Buy Real Estate that puts money in your pocket. Rentals, Airbnbs, Storage, etc. Real Estate brings appreciation, depreciation, leverage, and passive income. Money is made on the buy. Don't over leverage and do not think that Real Estate will not go down. Lots are losing money in Real Estate.
3. Grow your capital. Take advantage of investment opportunities after you have done your due diligence. Do not trust a brick layer with your diamonds.
What would I watch out for?
1. Financial advisor and their products. They have good intentions, but their goals are not aligned with yours. 99% of them can't beat the S&P 500 index. It's your money and no advisor is going to base their income on their performance.
2. Get rich quick schemes like funds, crypto, FOREX, etc.
3. Short time horizons. Money and growth takes time.
There you have it.
