Wealth is not about how much money you make or spend. It’s about how much you keep.
The true definition of being wealthy is having assets continually generating income that exceed your standard of living.
Most millionaires do earn higher than average incomes, according to several studies – but even some of the top 2% high earners live paycheck to paycheck. Hard to believe, right? If they’re spending everything that they bring in on depreciating assets or overpriced real assets, it results in no true wealth being amassed.
What’s the best way to build your net worth? Invest smart.
The opportunities for investments are both numerous and varied. Some investments are higher risk than others, so don’t jump in without doing your homework.
In our opinion, the best way to invest to add to your net worth is through real estate. Real estate investing has stood the test of time, no matter what shape the market is in.
Investing in real estate not only adds to your net worth, but it also can provide a rolling source of secondary income, which provides even more capital for your investments. When you partner with a seasoned superstar team it can further protect your investment. Many of our partners are lifetime investors. They started 20 years ago with Gidi Cohen and now their adult children invest with CGI. They enjoy the choice they have to roll investment and earnings back into deal after deal through a 1031 Exchange.
Investing in real estate can be a tough road to navigate if you don’t have the right guidance leading you. That’s why we recommend working with an investment firm to get going. They already know all of the laws and regulations, and can help you make the best choices for the best ROI.