Mar 14
The New Rich Guide.
How I Became R̶i̶c̶h̶̶ Wealthy On Easy Mode.
Passive Income > Expenses.
The End.
This Is Going To Be The Most Epic Guide You Will Ever Read, And How You Can Build Wealth In The New Economy.
After You Read This, You Will Do Well In Life.
This Is My Sweet Ride.
A Toyota Prius.
My Car Payment Was $279 A Month.
It Makes Me $1,000 A Month, Renting It Out.
That Is A 4x. While Reducing My Cost Of Living.
Now Completely Paid Off. Thanks, Turo Guests.
If You Use The Calculator, You Can See A Estimate Of What You “Can Make”.
https://turo.com/us/en/carculator
The Calculator Isn’t Exact But It Will Gives You A Estimate.
Side Note: My Car Makes 2x This, To Give An Example.
A Few Stock Images And A Short Description And You Are Good To Go.
I Don’t Even Think The Description, Is Grammatically Correct.
Great So We Have Something That is Cashflowing — > Positive.
Now We Need To Reduce Our Next Major Expense.
Next Up: Housing.
Most People Like To “House Hack”
They Will Use An FHA Loan, Since The Property Will Be Owner Occupied.
Which Required About a 5% Down Payment + Fees.
However, If You Were Broke Like Me At 26, And Didn’t Have 50k Laying In The Bank… I Did The Next Best Thing.
When I Was 26 I Met My Wife And She Was In Property Management.
Which Meant The Next Best Thing To House Hacking… Reduced Rent.
Now With My Car And Housing Reduced To Near Zero
I Could Save All My Money And Buy Passive Income.
Keep Reading If You Want To Become Wealthy.
So I Started Buying Rental Properties.
Protip: I Invested Out Of State, The Math Didn’t Make Sense Where I Lived.
I Invested 25k into My First Two Properties.
Total 50k
And Was Able To Rent Them Out, Cashflow Positive.
After A Few Years, There Was Some Appreciation In The Property.
And Was Able To Pull Out 40k Of The Properties (Debt)
And Buy Another Property + Additional 40k.
Total Invested: 90k
This Is Where The Magic Happens
After A Few More Years, The Rentals Appreciated More.
And I Was Able To Refinance Again!
In 2019, I Refinance All 3 Properties And Bought The 4th Property.
It Was Like Buy 3 Wait A Few Years, And Get 1 For Free.
I Now Had 10 Doors, With Only 90k Invested.
- Rent
- Tax Benefits
And It Kinda Looked Like That.
$1,779,685 In Assets With $90,000 Invested.
In 2021 We Sold Them Paid Off My Wife’s Student Loan Debt
And Bought Our Home.
But I Wasn’t Happy.
Side Note: I Have An Amazing Life And An Amazing Wife, But
My Money Was Lazy.
It Took 5 Years For My Money To Double.
I’ve Been Playing In The Old Economy…. There Was A Faster Way.
You Can Read How I 10x The Crypto Market During A Bear Market.
If You Want To Win At The Cryptocurrency Game…
You Need To Learn To Play The Game.
THIS IS NOT FINANCIAL ADVICE.
Understand Your Risk Tolerance, You Are An Adult And Are Responsible For Your Own Actions. If You Decide To Yolo Your Life Savings Away On
Magic Internet Money Then That's On You.
Understanding How Crypto Is Taxed Gives You Some
Insight On How To Play The Game.
Cryptocurrency Is Taxed As A Property.
So That’s What I Did.
I Bought A Gala Node and It Mints Me NEW Gala Every Day.
There Is No Upkeep On My “Property” And It Mints More Crypto Every Day.
In Which t I Can Swap To Hold For The Long Term.
( The Boring Passive Way)
There Is A 100% Chance Of Your Money Increasing
In 10 Years By Buying Long Term Assets.
Just Like With Real Estate, You Can “Trade-Up”
This Allows For Leverage.
Side Note: Leverage Is Risky, But If We Look History.
There Is 100% Increase In Price Over Time Which
Outspaces Any Interest Rate.
By Using Your Crypto As “Collateral” You Can Borrow Against it To Invest in Other Income Producing Assets.
Websites Like Nexo Allows You To Borrow Against Your Crypto For Your
Local Currency. USD/CAN/EUR/etc.
You Now Can Leverage Your Crypto To Buy More Income Producing
➼ Digitally Assets
➼ Physical Assets.
With A Low To Zero Interest Rate….. That’s Free Money..
Infinite Money Loop?
Borrow Against Our Crypto.
Buy A Rental Property.
Fix-It Up
Force Appreciation.
Borrow Against The Rental Property.
Buy Crypto.
Borrow Against Crypto.
Rinse And Repeat.
We Are Playing Monopoly Now.
Since Leveraging Is Risky, I Decided To Spread My Risk.
By Adding More Income Producing Assets.
Passive Income Buying More Passive Income
My Gala Token Was Buying NFT”s That Were Producing More Tokens.
Taking The Cashflow From 1 One Income Producing Asset,
It Allowed Me To Buy More Income Producing Assets.
These NFT’s Are Played In The Game Axeinfinity.com
Which Is A Play To Earn Game.
➡ If You Want Our 26 Page Overview Of The Game
Download It Here
Now You Have A Few Income Producing Assets That Can Either.
1. Pay Back The Loan.
2. Add More Collateral To Lower Your Hedged Asset.
The Answer Is #2.
Using Debt To Grow Is The Real Secret.
Why Do You Think Countries Have So Much Debt?
This Is Not Financial Advice.
K
bye
B$
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