6 PROVEN Ways to Build Wealth Outside Stock Market (make money no stocks)

So if you are watching my channel, most likely you have some interest in building wealth. You want to become wealthy.

One of the most common ways you hear for building and growing wealth is the stock market. A lot of people are nervous about the stock market right now. We are at near record highs and a lot of people are predicting that another economic collapse is just around the corner.

We also have another housing bubble that could pop at any time.

It can be hard to pick the right stocks. It is reported that the average lifespan of a stock is 7 years. If it is here today, it could be gone within 7 years. It is also reported that the top 4% of all companies account for all of the wealth creation in the market.

If you want to make money in the market you have a 4% chance of picking a stock that will make you money.

So if you want to grow your money and you want to avoid the stock market, how can you do it? 🤔

Today we are going to talk about 6 ways you can build your wealth outside of the stock market.

00:00 Introduction

02:32 ➡️ 1. Investing in Real Estate - 🏠 I am not going to make the claim that I am a real estate investor. How do you invest in real estate if you’ve never done it before? Connect with a few really good realtors.

▶︎▶︎ Open a Fundrise account with as little as $500:

https://www.goodfinancialcents.com/resources/fundrise-review.php

05:52 ➡️ 2. Invest in a Franchise - 🏪 You can make a 10-15% return on your money by becoming a franchisee. This option is not for everyone as some companies can have really strict requirements.

08:43 ➡️ 3. Life Insurance - This is not my favorite option, however, if you have maxed out your 401K, your IRA, and other tax options out there, then you can look at policies. (Hint: big names can have hidden fees).

11:12 ➡️ 4. Starting an Online Business - 💻 There are so many options here. You could sell digital products, create a membership community, open an eCommerce store, or become an affiliate marketer.

15:58 ➡️ 5. Building and Selling a Business - This one will take a little time and some work. You have to take the time to build the business.

18:17 ➡️ 6. Pay off Your Debt - 💰 Become debt free. Assets minus liabilities = net worth. As you pay off your debt your net worth will increase.

The biggest takeaway I want you to get from this video is that there are so many different options for building and growing your wealth.

Any of these could work for you. Which one are you going to spend your time and money on? 🤔

The bigger your investment of time and money, the better your chances of building wealth.

Which wealth building strategy are you excited about?

Which one do you plan on implementing or have already implemented?

Let me know in the comments!

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💻 Check out my blog here: https://www.goodfinancialcents.com/

Listen to my podcast here:

🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2

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Видео 6 PROVEN Ways to Build Wealth Outside Stock Market (make money no stocks) канала Wealth Hacker - Jeff Rose