Method 7:
Real estate.
Simple. The more homes you own, and the more of them you have, the more you can make...
How success is created:
Where to begin? LOL!
Size, location, age, and economy, are all the factors at play here, but it is pretty much a time-proven way to wealth...
EVERYONE will always need a home, so having one of these means you won't be homeless and (ideally) have something people want...
What you should consider:
If there was ever a double-edged sword to financial freedom it's this one...
Because if you find yourself in a cash crunch you stand to lose that which you are trying to create as an asset if the economy is bad...
...or you could sink a lot of money into something which doesn't get you a return back for what you spent based on both economy and the above factors listed...
Admittedly we don't regret our decision with home buying...
We've bought fixer-uppers but they can be money pits...
The sooner you can work your way to ones in good areas with new features and a great location though you probably can't do wrong...
(I'm not exaggerating btw about fixer-uppers... they can be "money pits")
Chat soon, Ron & Carole |