If you could double $1,000 every year for 10 years, you’d be a millionaire. Doubling your money in a year is something that sounds easy when you say it out loud, but when you realize that this means you would have to get a 100% return on your money it doesn’t sound as easy. If you put your money in the stock market, you’ll be lucky to get 20% on that investment in a year. So how on Earth could a person invest their money and have a pretty high confidence that they’ll double their money in a year or less? I’m in the process of attempting to double a $100,000 investment and I’ll tell you exactly how I plan to do it in about 9 months. Plus I’ve got a few other ideas to share with you. These aren’t…
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…
The word "invest" is typically attributed to the act of putting your money to use in some way, often with the goal of making more money. But I like to think of investing a bit more generically sometimes.
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.
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.
Kate and I completely changed our real estate investing path after house hacking our basement into an Airbnb. House hacking can change your life, too. Now let's see how to analyze a house hack and find a profitable investment.
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.
These five wealth mindset books quite literally changed the way I approached investing. Each one had its own unique effect on my mindset.
House hacking with Airbnb is, in my opinion, the absolute best way to get started in real estate investing. I probably believe that because it's what I did and it worked out great!
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.