The wealthy invest in these 4 assets:
- Stocks
- Real estate
- Businesses
- Self education/ Self improvement
How many do you invest in?
Let's discuss each in detail. This thread will teach you how to grow your money & build wealth:
- Stocks
- Real estate
- Businesses
- Self education/ Self improvement
How many do you invest in?
Let's discuss each in detail. This thread will teach you how to grow your money & build wealth:
Consider buying real estate with a bank's money & let tenants pay it off
The leverage you have by putting down 3.5% as a first-time homeowner gives you control of a $300,000 asset with $10,500
It can:
-increase income with cash flow
-increase net worth by appreciating in value
The leverage you have by putting down 3.5% as a first-time homeowner gives you control of a $300,000 asset with $10,500
It can:
-increase income with cash flow
-increase net worth by appreciating in value
3 reasons why I love real estate:
- Cashflow
- Appreciation
- Tax benefits
Money is a tool which can be used to build wealth. When you rent, your money is solely being used to provide shelter. However, owning provides numerous benefits in addition to just providing shelter.
- Cashflow
- Appreciation
- Tax benefits
Money is a tool which can be used to build wealth. When you rent, your money is solely being used to provide shelter. However, owning provides numerous benefits in addition to just providing shelter.
When you own a residence, your payments create many benefits such as building equity, building additional equity over time though appreciation, being able to leverage equity in the home to take out loans or use for another real estate investment
In real estate, many use the 1% rule.
- Divide 1 months' rent by the purchase price
- Multiply that number by 100
The goal is to have the rent be at least 1% of the purchase price
- Divide 1 months' rent by the purchase price
- Multiply that number by 100
The goal is to have the rent be at least 1% of the purchase price
3 ways to invest in stocks:
- Options
- Index Funds
- Picking Stocks
- Options
- Index Funds
- Picking Stocks
Not sure which stocks to pick?
Buy an Index Fund that tracks the S&P 500!
The S&P 500 is a group of America's largest companies across 11 industries, and has increased ~11% on average, annually
Buy an Index Fund that tracks the S&P 500!
The S&P 500 is a group of America's largest companies across 11 industries, and has increased ~11% on average, annually
Index Funds have many benefits such as:
- Low fees (expense ratio)
- Low risk (highly diversified)
- Easy to invest in & simplistic
- Often outperforms stock picking
- Tax advantageous (generates less taxable income)
- Low fees (expense ratio)
- Low risk (highly diversified)
- Easy to invest in & simplistic
- Often outperforms stock picking
- Tax advantageous (generates less taxable income)
Trading options is how you make money when the markets trade sideways or are down trending.
Covered Call Options on Dividend Growth Stocks is a wealth hack
Here is options contracts explained:
Covered Call Options on Dividend Growth Stocks is a wealth hack
Here is options contracts explained:
Stocks vs. Index Funds vs. ETFs vs. Mutual Funds:
If you can work 8+ hours a day for someone else, then you can also work at least 1 hour a day for yourself.
Create multiple steams of income from building a side-business or side-hustle, so that working 8+ hours a day becomes a choice, and not an obligation.
Create multiple steams of income from building a side-business or side-hustle, so that working 8+ hours a day becomes a choice, and not an obligation.
Always use strategic tax planning to maximize your income.
As a business owner, you can deduct everyday expenses if they are used for business purposes. Examples include:
- rent
- Wifi
- electricity
- cell phone bill
- business meals
- vehicle expenses
- home office deduction
As a business owner, you can deduct everyday expenses if they are used for business purposes. Examples include:
- rent
- Wifi
- electricity
- cell phone bill
- business meals
- vehicle expenses
- home office deduction
It never hurts to try something new that puts additional money in your pocket. By spending money to create a business, branding yourself, investing in knowledge or buying supplies to help you succeed, you can potentially make a lot more money than your costs to get started.
If you don't figure out how to make money in your sleep, a day may come where you lose sleep due to money.
Find ways to create multiple sources of income, such as passive income from investing or business income from a side-hustle or side-business
Find ways to create multiple sources of income, such as passive income from investing or business income from a side-hustle or side-business
If you found this thread๐งตhelpful:
-๐RT the FIRST tweet
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-๐RT the FIRST tweet
-โค๏ธLIKE the tweets
- Follow me: @FluentInFinance
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