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.