Monday, February 23, 2015

The road to riches

We all want to be wealthy, we all want to be able to secure our families survival in the future. Amounting wealth might seem hard, that's because it is; but once you've accumulated a sum of wealth getting wealthier is actually a lot easier.  The simple reason behind this is that you need money to make money. But having money isn't enough, you need to know &  understand how to invest in a way that would make your money work for you. Creating passive income is the best way to amount wealth. But how can i create a stream of passive income? Well investing your money in valuable assets like in real estate & purchasing stocks & bonds seems like the surest way.

Purchasing stocks from solid companies are the safest way to invest in the stock market; companies like Google, Microsoft, Apple have almost 0 risk to invest in, this are companies that aren't going to go bankrupt any time soon. 

Purchasing real estate properties is also a great way to create passive income. If i purchase a 2 family house for example, i can live there while have the house pay for itself by renting one of the floors. I can make even more profit from it by renting both floors & live in the attic or basement. Real estate is also a relatively safe place to invest in since people are always going to need a place to live in.

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