Anyone who knows anything about Real Estate Investing, knows that the surest way to create wealth by investing in real estate, however, before you jump in head first one ... They have a financial need.
Most people do not see the correlation between the two. There are so many ways to invest. You must first decide what your financial goal will end, to find out what real estate investing path that you need to take. Secondly, you need to sit down and figure out how muchMoney you have to invest in real estate, while your daily life.
The last and most important concept that we need to understand is that a salary and a 401K never the wealth that most of us will strive to create in our future. If that was enough, we would not have so many grandmothers and grandfathers handed smiley stickers at Walmart. Nobody is planning, according to a professional labels older passer outer. On the other hand, no one gets rich, not one ofFinancial planning, if they were not born with this shiny silver spoon.
We all know that there are certain things in life, you just do not want to do ... Balancing your checkbook and financial planning to go there with the dentist. But the end result of the neglect of one of these is not very favorable. How to suck on them and dig in.
The pension plan of the past:
Working in a job for thirty years, you work your way up the career ladder, get the gold clock, live from yourWelfare and Social Security. Pretty straightforward and simple. This pension plan presents a whole problem for the current and future retirees.
Problems with the pension plan of the past:
1. You can no longer depend on your employer, you will see when you stop working.
Above all ... most of us never had a job long enough to stay longer to build up a reasonable pension. So if we're lucky, we are faithful to the 401K. The problem is that you have tomake half of the contributions themselves, and if you have a company or an entrepreneur, you do not even have that luxury! Even if you were responsible enough to your 401K in your twenties, start (which most do not), the rate of inflation will eat your savings as rabid dog.
2. You can no longer depend on the government, you see, when you stop working.
How wonderful are your golden years will be with 14,000 dollars a year from social security? (Oh, that's only if youcontributed the maximum length of your life). Well, I will not speak for everyone, but I do not want to be my big day with bingo clipping coupons and buying groceries with food stamps was suspended, but what you're on to us if you have to look to rely on the government.
Do not forget to ... if the government established the Social Security, they just thought that we will live 60 to 65 years old. So it can not even any money left when you need it.
So what do you do?
The Present and future retirement plan:
You need to invest your money in a company to put the inflation proof that to you, despite your age. Real Estate is the only investment that is not adversely affected by inflation. It will also continue to grow, something for you at your age does not matter. I just got my grandmother's best friend's funeral. She lived to be 104 years old. She had the foresight to invest eighty years in real estate. She owned several properties in Washington> DC. The proposed investments for them including their lives for their help for the elderly. These investments continue for their children, grandchildren and great-grandchildren also provide after her death. This is the definition of creating real wealth and securing your financial future.
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