You see the word “investment” tossed around quite often within these posts but what do we really mean when we refer to an investment? You likely have (correctly) ascertained we don’t consider anything sold on the Wall Street exchange an investment. Ditto for NASDAQ. Double ditto for treasuries or CD’s.
But what is an investment and why do we define it as that? Anything that does not produce income or rent is only speculation. Investing is not about speculation or gambling and it is not a get-rich-quick scheme. Do it the right way, like we teach at Empowered Investor Network, and it’s almost guaranteed you won’t get rich quick – but the odds of you getting rich at all are much better.
What does “quick” mean anyway? Is seven years too long to wait to be able to quit working and live off the proceeds of your income property portfolio? Most people have enough equity resting in their home that could be put to work and to create a yearly income of nearly $67,000 within seven years. How many people do you know who have done that with stocks?
It’s not a sure bet but it’s the surest one in history. Look it up. If you’re putting your hard earned money into any other asset, you’re fighting history. Why do that? History almost always wins because, more times than not, it’s one big circle that always comes back around to repeat itself.
The Platinum Team
