When asked the question “who is in charge of your finances,” the answer may appear obvious. Of course you are in direct control of the money in your wallet and your bank accounts, but these sums are most likely only a small percentage of your net worth. Although how you manage this money is important, you must also be aware of how to control and command the growth of other funds.
If you invest in the stock market and think you are in control of your financial gain, think again. Several documentaries have exposed wealthy groups and individuals who buy large chunks of stocks that artificially drive up the price so they can sell at a large profit. If you have your money in the stock market you are surely not investing, but “speculating” or putting your money in something you can only hope goes up in value. This is not the way to control your money.
If you have spent your entire working career slaving away to put money in a 401k, then surely you know you are not truly in control of the money in that either. As layoffs and unemployment grows no one’s job is safe and thousands of workers have been abandoned by their companies with pathetic 401ks they couldn’t live off for 5 years let alone retire on.
The safest alternative and most efficient way to take control of your money and ensure a secure retirement in the future is real estate investing. As opposed to stock market “investing” where you rely on people much more informed than you with a personal interest in your money to make your decisions for you, you can take a “hands on approach” with real estate investing. Your ability to leverage other people’s time, money, and knowledge has a direct impact on your success as a real estate investor. It is much simpler to choose a property to invest in through the use of comparable sales and the use of real estate mentoring, as well as secure financing for your investment, than to take blind chances on “flavor of the week” stocks chosen by people you don’t know and can’t trust.
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