Investing Secrets Exposed
Statistics have shown that out of 100 people who retire, 90% of them will be on welfare with little or no savings, 6% will be dead, 3% of them will be financially independent, and only 1 person will be abundantly wealthy. . What investments have you made and where do you see yourself?
Here are the top 5 secrets to investing in your future:
Investment Secret #1: Get a High Return on Investment
Forget savings accounts, that’s not how you’ll get rich. Banks currently offer around 5% interest per year, but when you factor in inflation, your gains are lost. You must earn a return of at least 10% per year.
Investing Secret #2: Use Other People’s Money or Debt to Invest
That’s right; you can use other people’s money to get rich. Loan from the bank, your employer, friends or family. Sure, they may charge interest or fees, but be creative and make sure your investments yield more.
Investing Secret #3: Invest in Appreciating Assets
Don’t waste your money on items that lose value. That’s not how it’s reversed! You need investments that will grow in value over time, such as property, stocks, bonds, commodities, businesses.
Investing Secret #4: Make Your Money Work For You
Being wealthy and financially independent means that you don’t work for your money, it works for you. You can do this by investing wisely so that your money produces more money.
Investing Secret #5: Other Sources of Income
If your main source of income is your job, you will need to have other investments to be financially independent. Build an online business where you don’t have to work, invest in high yielding dividend stocks, buy rental properties, trade stocks/commodities/Forex, invest in bonds, anything that legally makes you more money.
Use these secrets to invest now to prepare for the future and achieve your dreams.
