Best millionaires Investments for beginners Don’t be afrai..

Best millionaires Investments for beginners

Don’t be afraid of an investment. Understand the value of time. Learn how to manage your TIME. Learn that there is NO REASON to trade time for money. Put your money in a variety of places. Understand the benefits of learning lessons through failure. However, the risks you take have to be calculated and thought out. Once you commit to something, give it your all.

Real Estate:

The best investment strategy really just boils down to this...:

1. Buying an undervalued property that you can get at a good deal on
2. Buying that property in an area that I’m expecting will go up in value over the next 10 years
3. Get a low interest, fixed rate, 30 year loan on the property
4. Renovate and fix up the property so it’ll be worth even more by the time I’m done with it
5. Rent out the property, and the rents should cover all of my expenses plus profit
6. Repeat this same process and do it over and over again

Two things here that really matter which is Cash flow. If you decide to stay with the property you will just get an infinite return on your investment.

INDEX FUNDS:

Now, for anyone who isn’t aware what an index fund is - it’s pretty much a portfolio of certain investments that you can buy into, and then you own a small, fractional percentage of everything.

INDIVIDUAL STOCKS:

• 1) Buy Low, Sell High.
• 2) There Is No Such Thing As A Sure Thing.
• 3) Get Familiar With Filings.
• 4) Think Long Term.
• 5) Dividends Are Your Friend.
• 6) There Is No Perfect Metric.
• 7) A $100 Stock Isn't Expensive And A $5 Stock Isn't Cheap.
• 8) Taxes Can Take A Bite Out Of Your Profits.


HIGH INTEREST SAVINGS ACCOUNTS:

It’s ALWAYS a good idea to have cash sitting on the sidelines, either while you WAIT for the RIGHT investment to come along, if you need it to pay bills, or for your emergency fund in case anything happens. Even though it doesn’t make a ton of money, and it’s really just on pace to match INFLATION - at the very least, my sitting money is making SOMETHING.

INVEST IN YOURSELF:

This might come in the form of buying a book, learning a new skill something that you didn’t know you were good at. It could be an investment of time to gain a new experience, broaden my perspective, or see a different point of view. Not all investments have to be money-related, and in terms of what will generate the biggest return - whatever you invest in yourself will generally get the best outcome.

Remember all investments comes with risk if you want a high return. Study all of your investments, make calculated decisions don’t make investments based on feelings.