The FASTEST way to Become a Millionaire… Real Estate vs Small Business?

Рет қаралды 2,067

Mat Sorensen - Wealth Lawyer & Entrepreneur

Күн бұрын

Curious about the fastest way to become a millionaire? In this video, I compare real estate investing with starting a small business, exploring the pros, cons, and potential rewards of each. Tune in to discover which path could be your quickest route to wealth!
0:00 - Overview
0:29 - Real Estate Investing
6:51 - Small Business
11:50 - Growth Comparison
14:47 - Final Thoughts
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Пікірлер: 20

@canteromedia Күн бұрын

Great freakin video! All in on Real Estate 💯

@kandasamys7981 Күн бұрын

My Dream

@TheTyrelMize Күн бұрын

I think starting a business would be more equal to buying land and building a house on it yourself. I think if you were to buy an already profitable business that's big enough to have management in place, that would be more comparable to buying cash flowing, appreciating real estate. Buying the business would still be a riskier venture and require some experience. However, you could put together some creative solutions such as recruiting a board of directors or selling some equity to current management to cover acquisition costs and improve your chances of success.

@theliefilter6412 17 сағат бұрын

Did you count the down payment as profit?

@tyjameson7404 3 сағат бұрын

Pest control?

@MatSorensen 3 күн бұрын

Ask Mat: matsorensen.com/ask-mat/

@Scottweeier846 5 сағат бұрын

I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer...

@flsupraguy 3 күн бұрын

The problem is this only works as along as property values continue to increase. If values don't rise then this doesn't work..... Unfortunately, the real estate ship has sailed. Small businesses (especially trades) are the future.....

@paulpapamarkos252 2 күн бұрын

lol it has not sailed. It goes up and down like anything but real estate will always be a strong investment

@flsupraguy 2 күн бұрын

@paulpapamarkos252 not in the bear market coming lol

@paulpapamarkos252 2 күн бұрын

@@flsupraguy again it goes up and down like any investment, however it’s one of the strongest long term. I was buying 2008 when people were losing their homes and everyone thought I was crazy and stupid. Those same people are now kicking themselves for not investing with me. 20 units later and I’m no longer working at 45 years old

@flsupraguy 2 күн бұрын

@paulpapamarkos252 yep and the storm is coming. Horrible time to buy

@paulpapamarkos252 2 күн бұрын

@@flsupraguy it’s never horrible to buy. You may lose at first but long term it will bounce back. You have to know how to buy that’s the difference. There are many deals out there just uneducated investors that go around and say it’s not a good time to buy. I had a deal come my way just yesterday.