Knowing where to invest your money is a critical component of winning at wealth. There’s no one “right” way to invest and no perfect investment vehicle, but with a long-term perspective and patience, you can build wealth with very little effort.
In this episode, John breaks down his personal investments and shares a reminder that investments require hard work to get the return you want.
In this episode, you’ll also hear:
- Two hats small business owners must wear
- Why investing in real estate yields better returns
- Set it and forget it approach to investing in stocks
[00:04:00] You have to have success in some way in earning income to be able to generate the capital necessary to invest in other places.
[00:5:40] In real estate, I expect to get a better return because of the fact that it is not a passive investment. I expect a better return because I’m putting some of my time into it to make that investment pay off, and I want a return for my time.
[00:16:40] It is not get rich quick. It is get rich slow, and it’s get rich with putting some work and labor into it. There’s no magic bullet in winning at wealth.
Find your path to winning at wealth by visiting https://www.winningatwealth.com and by following us on:
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Disclosure: The following program is sponsored by Fourth Avenue Financial, which is solely responsible for its content. Securities offered through J.W. Cole Financial Member FINRA SIPC, Investment advice offered through J.W. Cole Advisors. Fourth Avenue Financial, J.W. Cole Financial, and J.W. Cole Advisors are unaffiliated entities. The opinions expressed by John K. Burdette II should not be construed as specific investment, legal, or tax advice. All economic and performance information is historical and not indicative of future results. Investing may involve the risk of loss of principal. Any Tax advice on this show is not intended to be used by any person for the purpose of avoiding US federal or state tax penalties that may be imposed on such a person, and each listener should seek advice from their tax advisor or legal counsel on topics that arise from the show. John K. Burdette II is not providing legal or tax advice. Nothing should be construed as solicitation of an offer to buy securities.
The preceding program is sponsored by Fourth Avenue Financial, which is solely responsible for its content