For people who know me, they are already aware of my passion for real estate investment. More than ever, I think this is the right vehicle to support the financial growth of every people, with the objective to achieve financial independence, and benefit from the long term cashflow and appreciation.
Today, I want to discuss about how to invest when you are starting, and the fear of the first step!!!
For all the people who own real estate, I presume we all when through this process. Taking a leap of faith into the unknown of investing into real estate.
For you who are still asking yourself to invest in real estate or not, who also look at investing in stock market, or other alternative vehicles (crypto, nft, art, wine…), you are already in the right track for success. You are certainly trying to define what will be the best strategy for you, your Family, during the next decade. This is great.
I have been there too, I have invested in stock market, in crypto, I have earnt money (fortunately), but the volatility, and specially the fact that I could not control anything about those investment, except when I was buying, or when I was selling, was driving me nuts!!! It brought so much uncertainty and stress, I was having all the time my eyes looking at my trading app… Not really good when this is not your main job and source of income…
After positive earnings, I have decided to go out, of it, and focus on what investment could be the right vehicle for me, and fortunately my brilliant wife obliged us to buy our first flat in Mexico, in Tulum, in Quintana Roo state. You might tell me, damned what a risky investment!!! You could think about it, but is it not riskier to invest in stock market, where you have no power on the decision of a company, where from a day to another a company can lose 50% of its value (we saw that in the last couple of days for many companies….) or even lose everything in 1 day on stock market.
And what last for you? Only your eyes to cry…
There is one other thing which is specially linked to the middle class (I am fully part of it, just trying to get better every day), is saving your money into your bank account, and not investing a dime… Unfortunately, even if right now many government are increasing the interest on the general fund, to fight against inflation and propose more advantageous offer to our middle class, it is unfortunately still lower than inflation. So each time you are putting your money on your saving account…. You are actually losing money!!!!
Money were you already paid some taxes, when you have hardly earned it from you W2 job…
I know for some you, this is hard to believe, but unfortunately this the ugly truth…
Now, you are the only one who can realize it, and make a change. Take your responsibility to educate yourself, learn how to lay with money, master it, make your money working for you to be financially independent, the ultimate goal for many people!!!
And good for you, real estate is, in my point of view, the best vehicle for creating sustainable wealth for your self and your family.
My granny always told me, investing in rock, it will never disappear!!! It took me years to understand the advice. So now everything I have is going in real estate, to create this future massive cash flow resource and benefit from the appreciation of the properties!!!
I am 100% convince about this strategy, and while it takes time, and effort, concession to not go to restaurant sometimes, not get the latest iphone, bag or shoes (it is true I am never buying some clothes anymore!!! Except when my Wife is obliging me!!!), all those efforts are going to pay in the long term, by acquiring real estate in different locations, with different strategies. But the story will be for another day!!
So get up, get your wakeup call, educate yourself, define a strategy for your wealth and start building it!!!!
I wish you a the Best in your journey to success!!!