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You can't save your way to wealth

People often claim that to retire they need to save, save and then save some more. But what happens to your savings, is that it is dwindled away over long periods of time if not invested.


Here’s why 👇🏽👇🏽👇🏽


The national average interest rate for a savings account is 0.07%


It’s even better for a checking account…0.03%.


Who else would take that all day every day!!? (No hands were raised during this experiment.) 🤣


So what does this mean?


If you had $100,000 earning an APY of 0.07% and you contributed $100/month to your savings account. After 2 years, you would’ve earned a whopping $141.66 of interest.


Now, with inflation, pull that number back. Don’t everyone get excited all at the same time!!


Here’s what I do instead.


𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐩𝐚𝐬𝐬𝐢𝐯𝐞𝐥𝐲.


As an LP (real life deal) I receive 100% of my initial investment back in year 2 in a refi. This cash isn’t considered earned income, therefore taxes are not owed.


I am earning a 10% preferred rate of return in both years 1 and 2. Add in some extra tax benefits and it’s looking pretty sharp…and the best part is: I still get paid, over and over again….for the entire hold period....30 years.


So, here you go:


✅ Invest in real estate syndications to make passive income.


✅ Invest in cash flowing assets.


✅ Invest without ever having to lift a finger.


THAT my friends, is the key to creating wealth and financial freedom.


Until next time,


Nicole

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