Investing in Stocks, Cryptos, or Real Estate Is Overrated, Here’s What Works Instead
Yes, it will not make you rich
One of my friends, Joe (not his real name), is always eager to invest as much as possible. To be honest, we all want to put money into something.
Does this seem appealing to you?
He was able to save 50% of his salary after starting a job. To be more specific, he didn’t have a massive salary and didn’t own a firm, so he decided to invest to raise more income.
He saved $50,000 in a year and decided to invest in real estate.
Why? Because to the high demand, rental income, and appreciation. He hasn’t had any prior experience, but he has tried.
Yes, you might claim that he at least attempted to learn something new and have the confidence and risk-taking ability to do so.
He quickly purchased a home for half a million dollars. He bought it right away with a $100,000 down payment ($50,000 from his father + $50,000 from his savings) and a $400,000 bank loan.
So, what’s next? The next year was much worse; he was unable to invest elsewhere (diversify), he was unable to locate a renter for a period of five months, and the only thing that went smoothly was his pay rise.
