There are multiple ways of gaining wealth. Even if you are the most hardworking person, you can’t get rich simply by being employed by others. Our energy is not infinite, and you should start thinking about saving money for your retirement.
Our parents and grandparents always told us to have money in the bank for a rainy day. Many parents told us that we always put at least ¼ to ½ of every paycheck into the bank. It was how we saved money. To save money you make a bank deposit. But what does your money do while it’s sitting in the bank? Does it grow? Is it working for you?
Did you know that investing in real estate gives you better benefits? When was the last time you met someone who became a millionaire by putting as much of their paycheck as possible into a savings account? You probably can’t think of anyone. Now try to think of someone who became rich by investing in real estate.
Money always decreases in value while real estate appreciates.
You can easily see money diminishing in value, every day. Go to the store or the gas station and you will see that the same $100 can’t buy as much as it did a few years ago. Depreciation is a natural process, and we can’t do anything about it. When you save your money in a bank, you might get a small interest rate back on it. However, if you get a .01% interest paid back to you on your saved money, and the inflation rate is 4% or even higher, your money has lost value even as the amount grew slightly.
While currency decreases in value, the things it buys go up. Real Estate, has historically proven that it will always go up. Sure there are the occasional dips, but if you go back 20 50 even 100 years the line you draw from then to now is all uphill.
Returns in real estate are higher.
In real estate, you get much better bang for each buck. While a bank is excited to offer you a 1.80% APY (Annual Percentage Yield) on your savings, you could be getting between 9 to 20% returns in a real estate syndication deal. And there are other ways to make money in Real Estate:
- Sell appreciated property and benefit from the difference;
- Purchase a duplex and rent one side out to pay the loan while live free or nearly so in the other half.
- Buy multifamily properties and rent each unit creating a stable monthly income.
Investing in real estate makes you rich.
No offense to banks, they are doing a great job, but by giving your money to the bank, you help them to become rich. They make loans using your money and get ever higher interest rates in return. Instead, of giving them your money, use it yourself. Invest in real estate, and reap the rewards.
Invest Confidently with Shannon Robnett
By reading this blog you’ve began the first step in aligning your investment strategy with your personal financial goals. At Shannon Robnett Industries, we bring decades of experience structuring both types of opportunities, with a proven track record of helping investors build wealth through carefully vetted, tax-advantaged real estate projects.
Whether you’re seeking steady income through debt or long-term growth through equity, our team is here to help you make the right move.