Best millionaire Investment Advice In Your 20’s Number 1: ..
Added 2020-09-12 14:18:35 +0000 UTCBest millionaire Investment Advice In Your 20’s
Number 1: Invest In Index Funds
One of the many best ways to invest for most people out there is to invest in an index fund with a low expense ratio. The stock market has averaged about an 8% return annually adjust for inflation, with dividends re-invested. One of the beet ways best investment besides real estate.
Number 2: Real Estate
You can get immediate cashflow from your investment. Every month when rent is paid you get a check in your pockets. Because of all the great tax deductions of real estate all of that money is most likely going to be your completely tax free. You able to borrow most of the money to buy your own property and slowly pay it off over a long time. You are ALSO building equity on the property as you’re paying down the loan and eventually after 15-30 years you’re going to own that property outright. Finally over the long term of that property is likely to go UP in value.
Number 3: Set up a Roth IRA,
Doing this is just as important as you building your credit. This is a retirement account that you can put money into, and by the age of 59.5 you can pull out all of your profit completely tax free without paying any capital gains tax. This is not the investment itself this is an account to HOLD investment within. With this account you can invest in Stocks, Index Funds, Bonds and Real Estate
Number 4: investing into a business
This is where you can probably get the highest return in any type of investment out there is SIMPLY within your own business. Invest your business this could be, buying products, testing out ads, doing Shopify, social media marketing.
Usually the higher the return the higher the risk you NEED to take, And that’s something you have to feel comfortable with. Now you got a better understanding on where and how to invest your money, to make you more money. Consider hiring a wealth advisor.
Remember Minimize your taxes, Keep investment costs low, take CALCULATED risks, put more energy toward personal-growth activities and Buy APPRECIATING assets!
