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| | #51 |
| Robin Abernathy War Room Member Join Date: Mar 2009
Posts: 916
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I think he was speaking more as in a metaphoric tone. If he helps his kids then his kids will help him. It is like someone who may need an operation one day, your doctor has not been born yet or they are still in elementary school. By investing in them you insure that they will gain the skills to be able to save your life someday.
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| | #52 |
| Advanced Warrior War Room Member Join Date: Nov 2008
Posts: 693
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Me
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| | #53 |
| Robin Abernathy War Room Member Join Date: Mar 2009
Posts: 916
Thanks: 2
Thanked 133 Times in 87 Posts
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No problem. I like seeing women doing their thing in business.
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| | #54 |
| Use Your Illusion War Room Member Join Date: Dec 2007
Posts: 523
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I funnel the money into three areas: 1.) A DRIP portfolio that provides dividend income of around 4% (right now I'm reinvesting the dividends, to accelerate the accumulation phase). 2.) ING Savings account for down payment on single family rental property. 3.) ING Savings account for cash. This is on top of an IRA Retirement account. Gotta keep that money moving and working. |
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| | #55 |
| Warrior Member War Room Member Join Date: Dec 2010
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I've been investing in tax liens with 16% returns. It is fairly simple to do. The only thing is doing research to ensure you are not buying a sidewalk in front of someone's property. Some of the nice things: *No realtors, lawyers, appraisers, etc involved until the redemption period has passed. *The County deals with the property owner. *The interest rates go from 8% on up *You can do this in your pajamas from home online *Most liens are redeemed, meaning that the owner pays the back-taxes and you as the investor get the principle plus the interest *It's pretty much a 'set-it-and-forget-it' system. Unlike stocks, you don't have to watch them everyday, all the time. Hope this helps. Andrew |
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| income, invest, offline, online, warriors |
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