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