I am not afraid to sink money into making a locale much better
Anyone who is interested in expanding their holdings and net worth or learning how to invest smartly, I highly command studying it first. I found “Rich Dad, Poor Dad” to be a great study on how to smartly invest and make your networth grow. Millionaire Next Door was great for learning what mistakes you might be making financially. It was such a genuinely eye opening read for me. My spouse Jo has gone a little insane trying to be a millionaire and increase her net worth. Jo is planning to heavily invest in rental properties. The problem is that Jo is quite cheap and not someone who likes any risk. With buying homes for rental or apartments, there is major risk involved… Just because you buy a former rental property doesn’t mean it will rent well in the future. You also have a lot of other expenses coming in such as general service, oil furnace repairs and plumbing services. It is a lot of work and money to keep a property going. My spouse so far has a single family house for rent. That is her only rental. Jo keeps thinking she needs to wait for the perfect deal. The books above highly command against a poor mentality. I am way better at investing than him. I will buy anything in my section that is available for renting. I am not afraid to sink money into making a locale much better. I will abruptly rent it out and turn everything over to my property manager. Technically I have quite a lot of debt, however my asset wealth is high.
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