Who wants to be a millionaire?
I think the answer to that is plenty easy. Who wouldn’t want to be a millionaire? But the more difficult question is “how do you get there”?
You could inherit it. That’s how a lot of the mega rich get it. Then the question is “do you think they’ll be able to keep it”? I’ll save that for another blog.
You could marry it. That’s what my father told me to do. I should have listened.
You could make it yourself. The hard part is how. Well, you could invent something or develop some sort of business and work for it. The percentage of us who become “stars” is pretty low, so we’d better look for another option.
Or… you could invest in real estate and let it build up over time. No great secret here, you just need to do it. Take your first step. And now is the time to begin. Prices are at an all time low. Interest rates have remained stable. And there is an abundance of inventory. Time to take advantage of the banks that were trying to take advantage of you.
Managing your real estate is relatively easy but if that’s not your thing, you can hire a property manager. You still have to keep an eye on it but it’s not like having to work a second job to bring in that second income.
This is NOT a get rich scheme. It’s wealth building at its most basic. It takes a little time, but you’ll need the income when you get there anyway, so why now start now.
There are also investment groups if you don’t want any part of managing the property but those take a little more care and research.
Contact your REALTOR and start down the millionaire path. Remember that real estate is a long term investment.
Happy Real Estate hunting.
Wallace…
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Becoming a millionaire takes having an ability to solve problems. By solving problems, self-made millionaires have the uncanny ability to create and provide value. When you can do that people are willing to pay top dollar for your service, experience and work.
You’re absolutely correct. But not everyone has that ability. You are right when you say that people are willing to pay top dollar for your service, experience and work if they see value. That’s the key !!