Investing is the key to becoming wealthy. If you want to make money, you simply have to invest it instead of spending it. Finding a good investment is a matter of risk, profit, and time. Once you find that good investment simply reinvest to take advantage of compounding interest.
“My wealth has come from a combination of living in America, some lucky genes, and compound interest.” – Warren Buffett
Businesses rule the world. They’re the reason we get up in the morning and the reason we have food on our plate. You can invest in businesses by investing in:
- Public Stock
- Private Stock
- Sales Funnels
- Personal Loans
3. Intellectual Property
Everyone wants to invent something but not everyone can.
4. Real Estate
People will always need a place to live. Investing in rental properties and mobile home lots you can create a decent income. While most people might make money flipping real estate, it’s not exactly passive. When you have a rental property you can hire a management company to take care of everything from finding tenants to fixing up your properties, simply cash your check at the end of the month.
- Mobile Home Parks
Creating content is pretty simple. Whether written, spoken, or video, once you create content you can sit back and watch your passive income stream in. People will always want content and if you supply the best, people will want yours.
6. Physical Assets