One of the things I really stress in my book, “Building Generational Wealth,” is for you to protect your money.
So what does that mean?
Essentially, you need to invest in things that you understand. And if you don’t understand, then you need to have an advisor that is dutiful and knowledgeable in the areas they put your money.
I know this may sound silly, but I see family’s every day being taken to the school of hard knocks because they violate this very simple rule.
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen
It is for this reason that I stress so wholeheartedly that you get your money game in order before you ever even think about investing in Tax Deed Properties.
And remember, we must always live by the following foundation rules:
Rule #1 – A penny today is a pound tomorrow
You must save 10% of everything that you earn. No questions, no exceptions. If
you can do that then you have laid your first brick in a great foundation.
Rule #2 – Live below your means
Rule #3 – Invest what you save
Rule #4 – Protect your money
Rule #5 – Own your own home
Rule #6 – Secure your retirement
Rule #7 – Increase your earning potential
I can give you all of the real world knowledge and experience you will need, but we must ensure, together, that you have the proper foundation.
Get the proper foundation HERE with us!
I know this was a very short lesson, but it is a very powerful one. I hope you take me up on this.
Thank you again for reading and for being a part of the TAI Community!