Blueprint to financial freedom
Living from paycheck to paycheck is what most of us do when we first get a job. We keep telling ourselves that it is only temporary, only to find out that days turned into weeks and weeks turned into months and months turned into years. Then looking back to see what we have accomplished in those years only to find out that we are still living from paycheck to paycheck. Doing the same thing over and over and expecting a different out come is the definition of insanity. Most of us is to stubborn to admit that, but the sooner we realize it and break out of that cycle the better our finacial freedom would be.
The funny thing is most of us knows the blueprint to finacial freedom, but we just don't apply it to our everyday life. I'm sure most of us have heard of the board game called "monopoly" the one with the most houses or hotels wins the game. Why not apply that simple concept in real life. Just remember he or she who owns the most properties wins the game of life, plain and simple.
For the most part, yes - agree. What happens though when the big Ponzi/Federal Reserve/20 Trillion dollars and counting scheme comes crashing down around us. Property should be important part of everyone's financial wealth, but not all. If we can learn anything from life is that history repeats itself over and over again. Property prices will crash again and the governments around the world have very little ammunition left in the magazine. A balanced approach at this 20 Trillion dollar point it in time could prove beneficial - Gold, Silver, Cash, fine Art, Wine etc.
I know that housing market go through a boom bust cycle, but as long as you profit a few hundred dollar from each properties from your tennant then it dont matter about the price because im never selling the house for profit. Im making passive income for life, that is the goal.