June 17, 2016

Building Wealth without Stocks

Get rich quick schemes are everywhere you look, however, if you’re serious about building wealth you’ll need to look elsewhere. Using the stock market is obviously a great place to start, but it’s not the only way to amass a fortune to secure your future. There are several other great investment opportunities to help fund your retirement. The most popular venture outside the market is real estate. This is one of those areas you need to be careful though. Everyone and their brother have written a book and want to sell it to you on how to make money. There are a lot of pros and cons when it comes to investing in real estate. Many people jump in without fully understanding things like market timing, time management, law, or ROI. Typically they’ve read or bought something promising big returns and they end up burned. I know just as many people who have lost money in real estate as those who have made money. Another alternative is business…think “Shark Tank”. Instead of buying stock in XYZ fishing company, you can actually go out and partner with someone you know that needs your capital to get their business off the ground. Perhaps you can find […]