The secret to achieving financial success is not
a secret anymore for sure buying assets is a clever way of securing your future
cash inflow and diversifying your investments
it therefore comes as no surprise that retreat will bet the ranch on assets as
a way of generating wealth which is why in this video i'll
be sharing with you 10 assets that are making people rich right now
and if you're new to the channel then hit the subscribe button below for more
life-changing content asset number one stocks the first asset making people
rich right now is stocks for starters owning a
company's stock is the equivalent of owning a fraction of that company
hence giving you an entitlement over a share of their profits
one surefire strategy for making a killing in the stock market
is through buying stocks from profitable companies and holding on to them for an
extensive period technically there are two main ways of
earning income through owning stocks the first one is through dividends and
the second one is through buying stocks and selling them at a lucrative profit
however stock trading calls for patience and emotional soundness
while it can help you build solid wealth it isn't a get-rich-quick scheme
and neither is it immune to the possibility of suffering
crippling losses before making the jump make sure you've gained extensive
knowledge on how to navigate the unpredictable
stock exchange market asset number two bonds did you know that you can lend
your money to corporate and governmental organizations and for a
good profit too as crazy as it sounds this is very
possible through what we refer to as bonds
in simple terms bonds are dead instruments issued by the state or
accompanied to the public when the need for cash arises if you
purchase the bond the issuer of the bond will make a
pledge to reimburse the exact borrowed amount within a given period of time
the best part is you'll also get periodic dividend payments on top of the
face value of the principal amount including bonds in your investment
portfolio is a savvy way of balancing out your investments this
is because compared to stocks bonds are a relatively safer way of
investing your money because you're assured that you get your
money back on top of the payments you receive asset number
three index funds investing in index funds is
an awesome way to make your dent in the stock market
for a fact investing in index funds will set a solid foundation for your
investment journey for newbies an index fund refers to a
security that tracks a designated index one of the most renowned index funds is
the s p so in a nutshell what happens is that
when you buy an index fund you get a well-diversified portfolio of companies
that fall within that index you basically get to collectively own
different company stocks without having to buy them individually
what makes index funds such a feasible option is the low costs involved
unlike other mutual funds index funds are not necessarily steered by a fund
manager consequently this culminates into higher
profits for the fund investor making them a lucrative investment
choice let me give you a real life example of a big wig investor that
swears by index funds if you know warren buffett you probably
realize that he is one of the most successful modern day investors
part of buffett's investing strategy involves investing in low-cost index
funds actually buffett believes that low-cost index funds are the smartest
investments that people should pick up and who are
we to say otherwise asset number four precious metals are
you looking for a clever way to diversify your investment portfolio
precious metals might just be it due to their pristine and
less reactive nature these metals are mostly preserved for making expensive
jewelry in art some good examples are gold platinum and
silver one incredible benefit of owning them as
an asset is that their value tends to be inversely related to stock market
performance this means that if your portfolio is
tanking your precious metals can keep your wealth afloat by offsetting some of
your losses not to mention these metals naturally
attract a high appeal hence they're often sought after by jewelers
and very wealthy individuals which keeps them in high demand and raises their
value if you own physical precious metals and
choose to resell them you're guaranteed of generous
profits however i must admit that this is the least thought of
path to financial freedom probably because most people only have scanty
information about these rare yet valuable assets asset number five
cryptocurrencies the next type of asset are cryptocurrencies simply put
cryptocurrencies are fiercely gaining popularity in the investment world
and for good reasons of course these digital assets are particularly praised
for attracting huge profit margins for their investors but first let's
understand what these bad boys are for beginners cryptocurrencies refer to
blockchain backed digital securities that are
intended to work as mediums of exchange the most popular cryptocurrencies today
are bitcoins ethereum litecoins and tether
the most common way of making money through crypto is buying holding and
reselling them for profits when the market scales upwards
you can also run through referrals or dividends just like company stocks
however i'll insist on the fact that it takes tons of hard work
to get your grip on trading cryptocurrencies but like any other
investment it's a learning curve that can be scaled
successfully asset number six digital products we can
all concur that the internet is simply unbeatable the online space has brought
with it endless channels of earning money with the help
of simple gadgets and a wi-fi connection selling digital products online
is one such way of attracting an income from your laptop no matter where you're
located today online users consume information
at a neck breaking speed making products like ebooks software
programs courses and stock photos very lucrative however
these are just a few examples out of the many digital
products making people rich right now other excellent examples of profitable
digital products or professional services
music art website themes and plugins in short you can conceptualize any
tangible skill into a digital product and sell
to online buyers the catch is to build something that solves a very specific
problem for people and go all in in marketing it depending
on the value your product brings to the table you can make thousands of dollars
on a single sale of course it's not as easy pc as to make it sound
like any other business selling your products online will
require you to trout some challenges for example the competition in the
online space is stiff which will require you to focus on
polishing your products to make them distinct
asset number seven residential real estate
no doubt real estate is another asset that can work magic on your net worth
residential real estate in particular narrows down on property used for
residential purposes some perfect examples of residential real estate
include single-family homes multi-family homes apartments and
townhouses one main reason why real estate is
popular on the lips of investors is that property appreciates
unlike buying a depreciating asset like a car it's smarter to invest in an asset
whose value will trend upwards over time and one
that will continue to earn passive income in the future
with that said there are different ways of investing in residential real estate
some investment paths that you may take in this regard include selling homes
renting out homes or sections of your home and engaging in
active house flipping house flipping for example refers to
purchasing dilapidated houses and renovating them
to boost their market value however this type of investment only befits investors
with a high appetite for risk this is because the longer you hold on
to a house the more money you lose in terms of mortgage fees and property
taxes therefore it's better to purchase a
house and rent it out to tenants this way
you'll have access to a consistent monthly income
that will evolve into profits once you're done paying off the property's
mortgage expenses asset number eight commercial real
estate up next we have commercial real estate as another asset that is making
more millionaires than ever this is a category of real estate
that deals with commercial property or rather property
that is used strictly for business the main difference between this type of
real estate and residential real estate is that while the ladder focuses on
providing living space this particular one is anchored on
providing room for work or for transacting profit-generating
businesses some good examples are offices malls
retail stores and even banks so how are people getting rich through
commercial real estate usually what happens is that a group of
april investors pool their funds together to purchase strategically
located buildings they can then choose to resell the
buildings rent them out on a monthly basis
or release them to tenants over a designated period of time
this investment strategy is referred to as direct investment
it is direct in the sense that you exchange your money with a physical
property that you get to manage on your own or with the help of a property
management company the other way of earning investment
income through commercial real estate is by investing in real estate investment
trusts or reits or property related stocks
in this case there exists no physical ownership of commercial property
instead an investor channels funds towards a real estate company
that owns chains of commercial property by virtue of their invested income
investors get to enjoy a share of the company's property income through
periodic dividends sounds good doesn't it if you ask me i'd
vouch for commercial real estate for two key reasons the first one
is that this type of real estate is subject to capital appreciation meaning
that as long as a property is kept in good condition
its value will shoot upwards the second reason is that commercial property
attracts lengthy leasing contracts meaning that as an investor you're
assured of a rich stable income flow besides you don't have to
deal with tenants directly if you choose to go the wreaths way
asset number nine franchises although not as popular as some other assets
shared in this video franchises are key money making assets that can reserve you
a slot in the millionaires club but first here
is a quick definition franchising is a marketing concept that
allows individuals or organizations to conduct business
on behalf of a government group or a bigger company
once you remit a franchising fee to the parent company you obtain
a license that permits you to conduct business activities using their brand
name one advantage of this type of business
is that you'll save loads of money on marketing
since you'll be doing business under the name of a renowned brand
you'll have them do the bulk of the advertising for you
also franchises exist across multiple industries from hotels and restaurants
fashion all the way to retail stores if you've ever wanted to start a business
of your own franchising is an option you should definitely explore
unlike starting a business from scratch you'll get to enjoy free recognition
plus research and marketing benefits some examples of profitable franchises
are planet fitness taco bell the ups store and hardy's restaurants
the only downside of buying a franchise is that the initial buying costs may be
costly ranging from thousands to millions of
dollars asset number 10 financial education
financial education is outrightly a profitable venture although often
overlooked learning personal finance is the surest way of guarding your net
worth this is because the secret of building
wealth is understanding the fundamentals of earning
saving and investing your finances financial education teaches you how to
spend wisely manage debt and invest in cash generating assets as
opposed to liabilities also financial education will help you
spot good investment opportunities and to make sound financial decisions as
a result some credible sources of financial
education include courses personal finance books finance focus
blogs and youtube videos thanks for watching if you want to go
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