Everybody likes money saved for a rainy day. I do, too. But! Are you saving for a rainy day, a rainy month, a rainy year, or even a rainy decade? It would seem that the more you had saved the better, right? Not necessarily so. Funds sitting idle in your bank are losing value daily due to inflation. Real estate preserves the value of your money, but it also protects your income. Here’s how.
Filed Under: Buy and Hold, Creating Wealth, Featured, Finance, Market Conditions
Filed Under: Buy and Hold, Creating Wealth, Finance, Own a Million, Taxes
Most people think of real estate in one form, a personal residence, but real estate comes in many shapes, and most importantly, price points. Because of that, whatever your income, you have the opportunity to invest, reduce taxes, earn money, and create a tangible savings account.
Real estate can add money to your pocket in a multitude of ways, but today, I’m going to share the top 5 reasons everyone should invest in real estate.
There was a time when working for money, saving, retiring, and living off the interest of your savings account was possible. But today, money is no longer money. Working harder for paper money without converting it into economic assets is like diving without an oxygen tank – you might be fine for a while, but eventually you’re going to run out of air. So, what to do?
When President Nixon took the United States off the gold standard in 1971, debt became the economic lynchpin. Today, the world economy can only function and grow if people borrow money. This completely transformed the strategy of how to create wealth.