1. Build Your Mindset
Your mindset is everything. The right thoughts creates the right action and right action
create the right results. You work on your mindset by watching inspirational videos and reading
investment books. If you want to watch a video on building your mindset
there is a video below. This is a pillar in building wealth.
- Create A Second Income
Most people that want to build wealth don’t have the money off hand to do so. Usually they are
either living check to check or just out right struggling to make ends meet. So you have to find
a way to create extra income through online marketing or working a 2nd job just for investing.
If you want to learn how to build a online marketing business then click here now.
- Invest in Real Estate
You can do this multiple ways. You can purchase real estate and rent it out. You can buy old homes renovate them and flip them. Or you can just out right invest in a REIT or group real estate firms like Diversyfund. There is a video I recorded that talks in more detail about it watch here
- Buy Stocks
This is great way to build wealth.
You buy the stock and when it goes up in value you sell the stock and you take that money and buy more stock. You can also buy dividend paying stocks these stocks pay you quarterly just for holding the stock.
Once you get paid the dividend you reinvest that stock. Simple but effective. There is a video you can watch that teaches you how to get paid monthly for holding dividend stocks.
- P2P Lending
Peer to peer lending is a great way to make money and help others out. You can invest in these loans and when they get paid back you keep the interest. This will create some really good passive income. To find out how to create your own loan business using peer to peer lending watch this video.
- Investing In Start Ups
There are a different ways to invest in start ups but my favorite way is sites like Start Engine. Start engine is a platform where different start ups market themselves. You can invest with little as $100 and gain a share of that company. To learn more about in start ups watch this video. I’m pretty sure your enjoy it.
- Buying Bonds
Bonds are like IOU’s that the government issue’s to investors.
There are three ways to invest in Treasury bond
- Buy Through the U.S. Treasury Department.
- Through a brokerage.
- Through a mutual fund or an exchange-traded fund (ETF).
If you want more information and a in depth explanation there is a video you can watch.
- Buying Websites That Are Already Turning A Profit
This is definitely a great way to build wealth and you can use it build passive income if done right
the only thing is you need to do your research and make sure
you know exactly what your getting your self into. I also have a video on this right here.
- Buying Paintings As An Investment
There is a company called Masterworks they buy paintings and sell shares to investors, keeping you updated on the investment as it progresses. With Masterworks you don’t actually own or store the artwork. Instead, you and several other investors purchase shares in high-value works vetted by experts for authenticity.
Watch this video for more detail.
- Buying Vintage Cars
Last but not least you can actually buy old vehicles fix them
and then resell them for more then what you put into it.
There are also ways to invest in what they
call indices for vintage cars. There are few different ones out there you can check the
video to learn more.
Thanks for checking out 10 Ways to build Wealth
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