Top rated invest and financial success tricks and tips? We help people to Learn How To Invest and Get Financial Success. We break investing down to the basics for everyone to understand and explain you how to utilize these basics for success. Get a proven investing framework, gain know-how and build your own investment portfolio that lets you earn money in your sleep. Expertise that was earned hard. Let it Work. We are long-term investors and accumulate assets that generate profits. Discover extra info at Mastering Investments.
Your main costs are living cost and tax cost. Track your expenses, make a quick list with some categories and identify costs that are unnecessary. If you want to succeed financially, you must live modestly first. Get rid of fancy cars, luxury items and so on. Focus on the things you really need to live (food, basic apartment, etc). I know it is tough, but living minimalistically for a while also has advantages. I felt more freedom, less things bothering me, less clutter in my head, I felt more light. Look at the bright side. Tax is the other cost, get a good tax adivsors (that will help you reduce tax massively). Otherwise, learn it yourself. There are always creative, legal ways to reduce tax. Optimize it. All the rich people are doing the same. If you are not location dependent, you can quickly build company structures and move to tax friendly jurisdictions. It makes a big difference in reducing cost.
The basics of personal finance is this: where is your income and cash coming from? The concept of the cashflow quadrant comes from Robert Kiyosaki, the Author of Rich Dad, Poor Dad. The left side (employee E and self-employed S) are exchanging their time for money. This means, without them working they do not earn money. Now lets look at the right side. The business owner B, and the investor I, are not exchanging their time for money. They are doing something different. They are using people (or systems) to generate cash. The investor uses money itself to make more money.
I lost the whole $200K and then some. I was in shock. Did I really just lose all of that money? I did. I could not look myself in the mirror. I felt sick. Should I just give up? After some months, I decided I could not quit. I learned so much, I went through much pain, just to stop now? No. I kept going. Learned more, invested more, failed more. I just kept going. Give value, receive value. In some shape of form. Moreover, I thought, why in the hell is there no holistic course about investing out there? I needed that myself at the start!! So, I created Mastering Investments. It is holistic online video course about how to learn how to invest. It covers all asset classes: public stocks, private equity (angel investing), real estate, crypto assets, commodities, precious metals, bonds, currencies, and also derivatives (like CFDs, options). See more info at https://h2-intel.com/.
Real estate: Investors can acquire real estate by directly buying commercial or residential properties. Alternatively, they can purchase shares in real estate investment trusts (REITs). REITs act like mutual funds wherein a group of investors pool their money together to purchase properties. They trade like stocks on the same exchange. Many veteran investors diversify their portfolios using the asset classes listed above, with the mix reflecting their tolerance for risk. A good piece of advice to investors is to start with simple investments, then incrementally expand their portfolios. Specifically, mutual funds or ETFs are a good first step, before moving on to individual stocks, real estate, and other alternative investments.