In today’s Finance Minute, let’s talk about the 3 stages of building Wealth. 

The first stage is learning how to work for money.  This happens when you work for somebody and get paid for your work. 

The second stage is learning how to make money work for you.  This occurs when you use the salary that you made from stage one to invest and you make money from those investments. 

The third stage is learning how to make other people work to make money for you.  Self-employed people do this and so does investing in real estate.  Why? It’s because your tenant is at stage one working for somebody so they can make the money to pay you the Landlord for the property that you own. 

As you can see, in order to multiply your wealth strategically, where you are using other people’s money to make money or you continue to make money even though you are not working Real Estate is the best form of investment to do this.  When it comes to real estate don’t wait to invest In it, invest and then wait to expand and grow your wealth.

Thanks for watching. Please like and share if this made a difference to you.

DISCLAIMER: The information in this post is solely advisory, and should not be substituted for legal, financial or tax advice. Any and all decisions and actions must be done through the advice and counsel of a qualified attorney, financial advisor and/or CPA. We cannot be held responsible for actions you may take without proper financial, legal or tax advice.

Karista Events & Workshops

We offer FREE educational events and workshops for First-time Home Buyers, Real Estate Investors, and a lot more!

Although we currently don’t have any scheduled webinars, we have an exciting opportunity for you to access our on-demand webinar recording. To get your hands on this valuable resource, we invite you to book a Quick Call with one of our Mortgage Strategy Managers. They will be delighted to assist you. Simply click here to schedule your call.

What: FREE Real Estate Investing Workshop
When: TBC
Time: 2:00 PM to 4:00 PM Pacific Time
Where: TBC

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What: FREE First-time Homebuyer Workshop (Online)
When: TBC
Time: 2:00 PM to 4:00 PM Pacific Time

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