This is a topic that I've always been passionate about and have jumpstarted started my portfolio 12 months ago, with the intention of leaving the rat race (working for others- pay check to paycheck) ASAP.
Most people study their asses off on every topic under the moon, except their financial statement.
Learning the difference between an asset and a liability is key, and the idea is to create a cashflow coming in that is greater than your monthly out-going expenses.
This cashflow should be passive, meaning that with little or no effort of your own, this cashflow keeps coming in.
One way to achieve this is through investing in real estate.
And just so you guys know, I subscribe to the "creative financing" school of thought (LFoD
).
Yep. Like you see in those infomercials "Buy property- nothing down." Although they are about selling seminars, a good proven author can show you some priceless education.
Anyways, any other investors out there?
Threaded Mode
