Rising inflation has had us thinking about expanding our residual wealth. Residual wealth creates financial freedom. Residual wealth enables us to stop continuously trading time for money. When we do trade time for money and invest that money properly, over time we will automatically create more residual wealth. The better we do this for ourselves, the better we can help others achieve their financial goals.
Residual wealth is something that can be passed on to create generational wealth. There are so many ways to do this:
- Increase and automate savings.
- Invest in the stock market, index funds or life insurance
- Our favorite way: Invest in cash flowing residential real estate.
Why are we focusing on residential real estate right now?
- If there is an economic change, business may go out which leaves strip malls with vacancy.
- Office buildings are great but the trends are heading to companies allowing mostly work from home days.
- No matter what is going on in the world, people always need a place to live.
Like many things in life, we can procrastinate or just start. If you have questions or if there is anything that we can help with, click here, contact me and we can set up a complimentary consultation. Even if it’s just to chat for a few minutes, it’s one step in the right direction.
