money-hacks on Nostr: People often ask - how can I build wealth? The answer is simple - earn more than you ...
People often ask - how can I build wealth?
The answer is simple - earn more than you spend and INVEST the difference!
There are many ways to invest
Below is a list of 5 easy to implement ideas you can start with today
Before looking into the detail of the investments consider your WHY??
Is it getting the control of your time so 9-5 is an option?
Are you looking to contribute and donate more to your community?
Do you want to help your loved ones?
STOCK/BOND MARKET
The easiest and the least cost restrictive way - equity market
Most people start their journey here
Let me save you a lot of time, money and pain
Don’t try to beat the market and pick your own stocks
Buy ETFs that track index funds - keep adding money no matter the condition of the market
COMMODITIES
A relative of the equities above are commodities
These are the likes of gold, oil, sugar, etc.
Often these offer a diversification for times when inflation increases
Most people that are far from investing know - GOLD is the most secure way of storing value (you decide if you agree with this or not)
REAL ESTATE
This often comes at a higher capital cost (unless you choose REITs)
Rental property is a great way to hedge against inflation - if you think of it, rents are only moving in one direction
There are many different ways to invest - buy and rent, rent to rent, flip, add value …
ONLINE PROPERTY
Currently everything imaginable is done online - virtual property is a trend it isn’t too late to jump onto
A lot of online property has virtually no entry barriers
Need an idea? What is stopping you from starting your own YouTube channel?
CRYPTO
While I’m not a fan - this has a place in a diversified portfolio … larger share for those who believe in this
My biggest watch out, since crypto is fairly unregulated - be prepared for a wild ride
The answer is simple - earn more than you spend and INVEST the difference!
There are many ways to invest
Below is a list of 5 easy to implement ideas you can start with today
Before looking into the detail of the investments consider your WHY??
Is it getting the control of your time so 9-5 is an option?
Are you looking to contribute and donate more to your community?
Do you want to help your loved ones?
STOCK/BOND MARKET
The easiest and the least cost restrictive way - equity market
Most people start their journey here
Let me save you a lot of time, money and pain
Don’t try to beat the market and pick your own stocks
Buy ETFs that track index funds - keep adding money no matter the condition of the market
COMMODITIES
A relative of the equities above are commodities
These are the likes of gold, oil, sugar, etc.
Often these offer a diversification for times when inflation increases
Most people that are far from investing know - GOLD is the most secure way of storing value (you decide if you agree with this or not)
REAL ESTATE
This often comes at a higher capital cost (unless you choose REITs)
Rental property is a great way to hedge against inflation - if you think of it, rents are only moving in one direction
There are many different ways to invest - buy and rent, rent to rent, flip, add value …
ONLINE PROPERTY
Currently everything imaginable is done online - virtual property is a trend it isn’t too late to jump onto
A lot of online property has virtually no entry barriers
Need an idea? What is stopping you from starting your own YouTube channel?
CRYPTO
While I’m not a fan - this has a place in a diversified portfolio … larger share for those who believe in this
My biggest watch out, since crypto is fairly unregulated - be prepared for a wild ride