How do you make your money work for you to build wealth?
Let's say you've got some extra cash and you're wondering where to park it in order for it to grow.
Well, there are a few factors you are going to need to consider before you just run out and dive into the world of investing.
First, think about your financial goals.
Are you looking to save for retirement, maybe you want to buy a home, or maybe you want to go on that dream vacation...whatever the case may be, your goals will play a big role in deciding where you should be investing.
Second, consider your risk tolerance.
How comfortable are you with the ups and downs in the market?
If you're the type to be constantly checking to see every little thing that happens, you may be better suited for a longer-term investment like real estate.
And this goes right into number three, which is identifying your investment timeline.
Are you looking for short-term investments or long-term investments?
Real estate tends to be a solid long-term investment, but it can also be solid in the short term as well.
A great option for short-term investing is the PREFER Method we talk about on the channel, which is where you lend money and see a return of 25-40% on that money in 6-9 months.
It's true passive income and the returns are far beyond any other short-term investment you could make.
To learn more about becoming a PREFER Lender on similar deals to the ones talked about on today's episode then please send an email to:
► ** prefer@vipfinancialeducation.com **
Please include your name & phone number in your email and 'PREFER' in the email description.
Watch more videos on this passive income opportunity:
Passive Real Estate Flips EASY RETURNS | PREFER Lender 101
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Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds.
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