The secret is to first invest in yourself.
Reading books, listening to podcast, online courses, youtube, forums, networking, you must be a sponge!
Absorbing constant knowledge.
Your hard earned money goes into interest when you buy your own home.
Remember, you want to invest your hard earned money into investments.
Instead, buy a rental property. Its pays you and it appreciates in value.
Buying your own house to live in, is not an investment.
If you look at your amortization schedule, you will see how much you are paying in interest. If you add all of your interest through out the loan, you will see that you are paying double of what you paid for the house.
Income vs Passive Income
Income is trading your time for money.
Passive Income is making money while you sleep.
You work hard for your money, let the money work hard for you. Invest your hard earned money into assets!
We are starting a new year, begin to shift your mindset!