Hey everyone. What are some of your wealth secrets that you could share with us?
- Before committing to invest ensure you do a market
research in whatever you want to invest in. - Don't mix family and friends with business.
- Avoid loans if you aren't ready to commit or no payment plan in place.
- Avoid middlemen in your dealings, as these make simple procedures expensive for nothing.
Buying homes with cash and taking loans out on it?
As much as many people will see this as a good asset to have in your name, this is a no go area for me as buying a house is a liability in my view as this gets up a lot of capital and worse off it requires maintenance funds to keep it in good standing order which makes it a bad investment imo..unless you have extra funds lying around.
Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)
What are your secrets?
Why not go crypto on this if tax is what you are avoiding, as investing in foreign countries sometimes brings complications especially if you aren't physically going there to see what's happening.