Yes it is possible to consistently get 30% ROI on your investments, but it’s not possible through your typical methods of investing. In the five years since I’ve started investing seriously, I’ve seen that returns of nearly 30% are possible in real estate. And we’ve achieved that mostly through investing in Airbnbs. I also have investor friends who have seen returns even far greater than 30% through purchasing businesses. So let’s look at the two repeatable ways I’ve seen investors get 30% ROI or better, and maybe some examples of other huge returns that may not be as repeatable. Can You Consistently Get 30% in the Stock Market? For someone to get 30% ROI over a long period of time in the stock market is truly exceptional. Many consider Warren Buffet to be the greatest investor who ever lived, and…
An argument could be made that there is really only one way to save money, by spending less than you currently spend. However, I don’t think this observation is particularly helpful. It’s quite easy to come up with examples of money saving habits, but each example only applies to some, not all. I wanted to come up with a few generic rules that can be applied to everyone. Here’s my attempt at creating the three rules that anyone can use to save money. Budget Reduce recurring expenses Rework your debt Before we get started, let’s set up an example that we can reference throughout the article. Here’s your imaginary finances: Income: $2,000 per month Mortgage: $700 per month Student loan: $400 per month Rule #1: Budget (of any kind) First and foremost, a person must have an awareness of what…
There are many paths to financial freedom and that's great, because there are many different types of people. Sometimes the difference between success and failure is just whether you come across the right path. I'm hoping my list of 50 ways to make money while you sleep will expose you to many paths to a better financial future.
After looking at the last 12 months of booking rates for my three Airbnb listings, our average booking rate was around 2.5%. Elsewhere online, I've seen hosts reporting numbers between 0.5% and about 3.0%.
In order to make money on Airbnb, you need bookings, and you can't get bookings without views. I believe you can run a successful Airbnb (at least 40% occupancy) with an average of 200 views per month.
Over the last three years, I've created over $3,000 per month in passive income through investing in real estate. These real estate investments allow me to make money without clocking in and out of a job. But passive income investments are everywhere.
Airbnbs can be very profitable, but how do you know that you're maximizing that profit? I like to look at my Airbnbs from three different angles.
Income investing is a style of investing that prioritizes assets that have significant cash flow. This means that your investments will provide you with something like a paycheck that you can use to support your life's expenses.
You can achieve 20 percent ROI by using debt to amplify the success of your investments, by investing in extremely high cash flowing assets like online business, or by becoming an expert stock investor.
Should investors prioritize cash flow or net worth? I prioritize my cash flow because it will lead me into early retirement.