Depending on your priorities, wealth can mean something different to each of us. However, when it comes to finances, wealth, for me, has only one definition, and it's not necessarily about having tons of money, but about having financial security and comfort.
In 2008 I was let go from my fancy lawyer job, I had a newborn AND the economy tanked. My husband, who was now the sole breadwinner, experienced hardship as his graphic design business income decreased by 90%.
I remember feeling so afraid and uneasy during that time of my life. We'd just had a new baby, I didn't have a job, and the economy was in shambles. Luckily, the two rental properties we had invested in a few years back were still providing us financial income, and during that year of hardship, they were truly what kept our roof over our head.
This made me realize the importance of finding real wealth- that doesn’t mean being so rich that you are unaffected by what’s going on in the world. It means investing in opportunities that are recession-proof, crisis-proof, and let’s be honest, 2020-proof! So that even if the world is on fire, a global pandemic hits, your business suffers, and you can’t leave your house for 8+ months (hypothetically speaking, of course) you and your family are OKAY.
In this matter, real wealth means that you don't have to worry about having enough, and you don't have to worry about losing your income. It's all about financial security.
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Investing in Real Estate from $1 to $1M – 12 strategies to get you invested in real estate regardless of your schedule or budget.