When it comes to real estate, there are a number of different ways to earn money and grow your net worth over time, but two primary strategies dominate the discussion: short-term rentals vs. long-term rentals. Each approach has its own set of benefits, challenges, and financial outcomes. For investors, this question often boils down to which model delivers the best return on investment (ROI). [Read more…] about Short-term Rental Vs. Long-term Rental: What’s the Best ROI?
Investing
13 Ways to Invest When You Have Very Little Money
Investing is one of the most intelligent ways to use your money. Instead of putting your money toward things that you want now, investing lets your money grow over time.
As Warren Buffet says, “The 8th wonder of the world is compounding interest.”
If you’re new to investing, one of your biggest hurdles will be finding investments you can get into with a small amount of money. Is it really possible to create passive incomes streams outside of your job if you only have a small amount of cash?
The short answer is, yes. Regardless of how much money you have right now, there are ways to move it into investment vehicles where you can start earning passive income flows today. [Read more…] about 13 Ways to Invest When You Have Very Little Money
Why 401K’s Are A Bad Idea
Why are 401(k)’s a bad idea? Why don’t rich people use them? Are they worthy of being called a scam?
There are more than a few reasons that 401(k)s are a bad idea, including that you give up control of your money, have extremely limited investment options, can’t access your funds until you’re 59.5 or older, are not paid income distributions on your investments, get charged high fees, and don’t benefit from them during the most expensive period of your life (child-rearing years).
Did I also mention that your 401k account value may plummet—it happened in 2008 and could happen again. [Read more…] about Why 401K’s Are A Bad Idea
Master List of Real Estate Syndicators for 2024
Real estate syndication is when a group of people pool their money together to purchase real estate assets.
Typically, there is the real estate syndicator (or sponsor). This person or group identifies the properties to acquire, presents them to the investors, and collects the capital needed to close on the properties.
In contrast, investors contribute capital in exchange for an ownership stake in the property or properties. The investors do not participate in the day-to-day operations of the assets and their financial downside is limited to the amount of money that they invest. [Read more…] about Master List of Real Estate Syndicators for 2024
How to Become a Millionaire? 8 Nearly Foolproof Strategies
Making millions of dollars may feel like a far-fetched dream, but it is possible to join the other 21 million millionaires in the United States if you take certain steps. Unfortunately, these steps and strategies often aren’t taught to us when we’re young. Most often, this is because our parents didn’t know these principles either. This is because no one taught them.
Historically, there have often been racial, gender, and socioeconomic factors at play that have suppressed wealth creation within certain populations of people as well.
With this in mind, let’s dive into the steps you’ll need to take. I hope you find these strategies helpful because I want everyone to have the chance to become financially free—especially people from marginalized groups who may not have had access to this information growing up. You are the ones I want to see thrive, more than anyone.
Let’s dive in.
[Read more…] about How to Become a Millionaire? 8 Nearly Foolproof Strategies