interest – ROAD TO WEALTH!

YOUR ULTIMATE GUIDE TO FINANCIAL FREEDOM YOU WILL EVER NEED

April 22, 2019April 23, 2019 by Road-to-wealth, posted in FINANCE / MONEY

DISCLAIMER: Links in this post may contain affiliate links. Honesty above all. Please read our disclosure policy here.

Let’s learn how to take control of our financial freedom today. Use the exact same blueprint I used for my financial freedom.

WHAT IS THE BEST MONEY MAKING APPROACH?

There are thousands’ of money making models out there, so I guess you are here to see which of them is the best fit for you. If you need someone with a financial background, like a B.A. in Accounting, you get one here, for free. I’ve been trying different approaches at growing my money in order to not depend solely on my job; especially after retirement.

I learned that the average millionaire has 7 to 8 sources of income. Following on their footsteps, I have become financially free. What I mean by free is, my passive income is making me an amount of money which surpasses my expenses.

DO YOU NEED A BACHELORS IN FINANCE TO DO THIS?

Now remember, it was not done in a month or two. It took some work, sacrifices, discipline and time. It takes money to make money, right?

HOW DID I DO IT?

1. Automate your savings and grow them at the same time

First thing I did was opening a savings account that will help me grow my money over time. It has an easy set up and it is one of those set it and forget it type of models. Just let it compound over the years.

It has several features:

A. Saves your money automatically by rounding up your debit/credit card to the next dollar. When it hits $5, it transfers it out from your checking account into the app account. Then the next feature takes place…

B. The money that you just saved will automatically be invested in the stock market. You can choose if you want to be more heavily invested in stocks, bonds or a mix of both. This step needs to be done only once. It will automatically do it for you after first time set up. Also receive dividends from the stocks you hold.

C. Found money feature lets you buy at your favorite brands and stores through the app and they will give you cash back or reinvest into your account.

Get your ACORNS account.

2. Easy source of income with Real Estate

Then I saved $500 to open an account where I can get some exposition to Real Estate. The reason why I prefer to do it digitally is because I became a landlord without the hassle.

For this type of investment I have a longer time horizon, meaning years. I’m planning on getting money out after I retire, not before. And since Real Estate takes it’s time to develop, I will take my time to let it panned out.

The $500 will get you in with the Starter Portfolio where you can split your money between two portfolios. In order to start using all the features available you need to save $1,000 to reach the next level called Core. By all means you can start here if you have the money available.

After reaching Core level you choose between 3 investment plans…

Supplemental Income

Aim to earn returns via quarterly dividends, with less appreciation.
Invest in an income-oriented real estate private equity strategy
Portfolio allocated primarily to debt real estate assets

Balanced Investing

Aim to earn returns via a blend of dividends and appreciation
Invest in a balanced mix of income and growth strategies
Portfolio allocated across both debt and equity real estate assets

Long Term Growth

Aim to earn returns via appreciation in share value, with fewer dividends
Invest in a growth-oriented real estate private equity strategy
Portfolio allocated more towardequity real estate assets

If you want to get into Real Estate, FUNDRISE is your way to go.

3. Be the Bank

Just as Real Estate has stood the test of time, so have Loans. With this advance in technology now you can become the bank, lend $25 per loan and get paid.

The downside here is you need money to open this account. If you want just the basic stuff you need $1,000 to be exact; although they recommend you begin with $2,500 in order to mitigate risk of losing. If you want to get free notes with full features and $75 bonus, then you need to save $5,000.

Now to the good part. They claim historical returns over the long term is 3%-8% but as you can see on the picture below, I’m currently at 11.55%. If you open an account shoot me an email and I will show you a few tricks to weed out bad investments. Free of charge of course.

LENDINGCLUB is your pass to play the Bank, but with real money, getting paid for real; not Monopoly money.

Note: Currently only residents of the following States may invest in LENDINGCLUB notes: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, or WY.

4. Build a wealth mindset

Ever dreamed of becoming a trader and making money on the markets? Today is your lucky day because you can open your account, and receive a free stock like Sprint, Apple, Microsoft or many others.

The simplest way you can do this is by buying dividend paying stocks. I suggest you take a look at this list.

Great Dividend Stocks include stocks with both consistent multi-year dividend growth and steady price appreciation.

Dividend Achievers are stocks that trade on the NYSE or NASDAQ and have increased its annual dividend for at least 10 years or more.

Dividend Aristocrats, are stocks that have increased its annual dividend for 25 years or more.

Dividend Kings are stocks that have increased its annual dividend for 50 years or more.

You can buy some of this stocks and know that price will increase over time but almost surely your dividend will increase yearly. Giving you bigger payouts.

Get your ROBINHOOD account today.

5. Extra Income

The following accounts I don’t use to build wealth but to get some extra cash every month. They are similar but offer many options when it comes to receiving your money.

SWAGBUCKS will pay you for giving your opinion on surveys, watching videos, and a wide variety of other ways.

INBOXDOLLARS will also pay you for giving your opinion on surveys, watching videos, and many other ways.

LUCKTASTIC is the modern way to play Lottery by scratching digital tickets. You can win cash, gift cards or tokens.

6. Fix your credit score

If you want to become wealthy, one way you need to get started is by improving your credit score. Credit Sesame will give you tips by email to help you get where you need to be.

7. Save, get cash back and much more…

Ease on your pocket by getting the best you can in Car insurance. Gabi will compare your current insurance and will find you if any other Insurance Company is offering the same insurance at a lower price.

Get offers, save and get cash back in your groceries. It is a great way to stay in budget and keep your fridge full. Ibotta will give you this and much more. Give it a try.

Paribus is a program that will scan your emails and get you cash back when the item you bought drops in price. It also gets you compensated when your shipment is late. Don’t delete your emails anymore and rip the benefits of this program.

MY RATING SYSTEM

I give ratings to my investments from 0 to 10. Main variables are:

* Ease of set up

* Ability to make money

* Consistency

* Price

* Special features

ACORNS 9/10 (only downside is if the market sells off, although we know it will be temporarily, everything else is great)

FUNDRISE 9/10 (it is a slow investment, need patience but it’s totally worth it)

LENDINGCLUB 9/10 (only hurdle is the amount of money to get started, once you get over that hurdle you will not stop smiling)

ROBINHOOD 8/10 (super simple platform, need more features if you plan to day trade)

SWAGBUCKS 7/10 (need time for surveys, you can let videos run in the background)

INBOXDOLLARS 7/10 (need time for surveys, you can let videos run in the background)

LUCKTASTIC 6/10 (at least for me the cash prices have been low, although I read about others making $100, maybe I’m not lucky enough, lol)

CREDIT SESAME 10/10 (everything you need to improve your credit score you can find here)

GABI 10/10 (super easy to do and save me over $900 for the year by switching to the new insurance company)

IBOTTA 9/10 (easy to use and offers many options)

PARIBUS 10/10 (easy set up and you have to do nothing but wait)

CONCLUSIONS

Hopefully, you’ve already put an eye on a money making technique that you liked. If you are still unsure, start from the simplest techniques and move up. I recommend you open an account for each type of approach. They are uncorrelated and that will help you grow faster when the cycle comes around. Like the Chinese saying goes “the best time to plant a tree was 20 years ago, the second best time is today”. Today is your day to plant your tree.

Hope it helps! Leave your comment below.

Remember, it’s all about the road to wealth. If you liked it, pay it forward. Don’t forget to share it in social media and help others become successful as well. There is plenty of room for all of us. In the end, your success will only depend on you and not what others do.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com

CHEAP ENTRY TO REAL ESTATE PLUS A BUSINESS IDEA

February 15, 2019January 20, 2020 by Road-to-wealth, posted in FINANCE / MONEY

“Take risks: If you win, you will be happy; if you lose, you will be wise” IG @successfoundation

DISCLAIMER: Please read our disclosure policy here. Links in this post may contain affiliate links and as an Amazon Associate, I earn from qualifying purchases.

The sooner you plan your goals and take action towards achieving them, the sooner you will set yourself apart in your journey to becoming wealthy. In investing, time is your best friend. The more time you have to compound your money, the wealthier you can become; travel the world and enjoy life.

You don’t have to become a landlord, to benefit from investing in real-estate. And there is a company that can help you do just that. The best part is, you don’t need hundreds or thousands of dollars. As a matter of fact, all you need to start is $500!

Which company are we talking about?

I want to welcome you to the future of real estate investing. The company is called Fundrise, and through the Fundrise Starter Portfolio, you split your money between two portfolios. You will be able to invest your money according to your goals. Both portfolios are full of real estate projects which support private real estate in the United States.

The next account level is Core, which is achieved when you reach $1,000 in your account. When you upgrade to Core, you get access to a whole new level of investment opportunities and features.

And it’s not like you don’t know where your money is going. They show you exactly which properties are included in your portfolio. Each project is strategically hand-picked and managed by their team of experts.

You are able to invest in a million dollars deals without the necessity to write a million-dollar check. As mentioned before, you can start with $500 and build from there. The goal is to create wealth that will last for generations but don’t think that only $500 will make you a millionaire and/or that it will be quick.

You will need to add money either monthly or quarterly (whichever you prefer). Just like with a stock, you earn money through quarterly dividend payments and potential appreciation in the value of your shares.

You can unlock real estate’s unique potential for both passive income and long-term growth. Keep in mind that real estate is not liquid. That means you do not deposit money that you will need to pay the bills. Think of it as your savings/retirement account but better.

Note: This is not a get rich quick scheme. It takes time and like all investments, comes with risk. While Fundrise has paid distributions every quarter since at least Q2 2016, the dividends and principal payments are never guaranteed. The annual investment advisory fee is 0.15% and the annual asset management fee is 0.85%.

Bonus: Business Idea

Disclaimer: This is not my idea. I saw the idea on Pinterest and I’m sharing it with the hope of helping others that might have this talent and would like to make some extra money.

Can you aim, throw and hit your target? Let’s see what you got!

Alright, the idea is an ax-throwing business. You need to get a venue and set up some wooden targets. Buy an assortment of axes and individuals pay per hour to throw axes at wooden targets. It gets really fun especially if your friends are as competitive as you are.

There are venues charging up to $40 per hour for ax throwing. If you only charge $10 per hour and you get 20 clients per day, that is $200 per day. With 261 working days on average per year, we are looking at $52,200 extra per year.

Begin your Road to Wealth!

Leave your comment below. If you liked it, pay it forward. Share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com

EARN 3-8% ON YOUR MONEY PLUS A BUSINESS IDEA

February 15, 2019January 19, 2020 by Road-to-wealth, posted in FINANCE / MONEY

“All big things have small beginnings” IG @Inspyire

DISCLAIMER: Please read our disclosure policy here. Links in this post may contain affiliate links and as an Amazon Associate, I earn from qualifying purchases..

We all have goals in life. My goal is to create wealth that will last for generations. So, I decided to take the matter in my own hands because no one will do it for me.

I’m learning tricks and techniques from the wealthy, and it makes so much sense now. They don’t work for money, they are looking to acquire assets that will give them a stream of income whether they work or not.

One of the oldest ways to earn passive income is lending out money. Just like the banks. Banks give out your hard earned money in loans, they collect monthly payments (interest) and they have no risk since it is not their own money anyways. You see how well they do, don’t you?

How do you become the bank you say? Through LendingClub.

LEND LENDING MONEY INVEST INTEREST NOTES BORROW LOANS

This is how it works. You rent out your money to other people, and the rent you charge is the interest rate. Which will vary depending on how conservative or aggressive you want to be. But now you are the one getting paid! Not the bank.

Instead of having your money sit at a normal bank account and pay more in fees than what you get in interest every year; you collect a diversity of interest.

So, now thanks to technology, you can spread out your risk by lending only $25 to each note. That means if for some odd reason the borrower can’t payback, you only lose $25. Again, the probabilities are on your side.

Let’s get a little bit deeper now. Let’s say a borrower needs a $25,000 loan.

He or she borrows $25 from 1,000 people; instead of going to just one entity (like a bank or rich person), for the full $25,000 which would be very risky to that one entity.

As you can see, this scenario presents much less risk because the most you could lose is $25.

As you can see, I don’t only write about these opportunities, I’m also invested and can prove it works. I put my money where my mouth is. No empty words here.

Just 15 years ago, this was impossible, but thanks to the internet and it’s wonders, it is very possible in this day and date. The peer-to-peer lending industry, as it’s known, is thriving for borrowers and investors alike.

Note: Currently only residents of the following states may invest in LendingClub notes and it may change in the future as contracts expire: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, or WY.

Bonus: Business Idea

Disclaimer: This is not my idea. I saw the idea on Pinterest and I’m sharing it with the hope of helping others that might have this talent and would like to make some extra money.

Are you good at sports?

If you are, choose the sport that you are good at and buy the equipment required to train. Depending on the sport let’s say it will be a front investment of $300. You will need to advertise to the students at local schools near you.

Do a 2-hour class with 20 students at $10 per student. We are looking at $400 per day. With 261 working days on average per year, that translates to $104,400 extra per year.

Begin your Road to Wealth!

Leave your comment below. If you liked it, pay it forward. Share it on social media and help others become successful as well. Your success will be the result of two things: Knowledge and Action.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com