FOLLOW US: @theinsaneapp
Americans are inconsistent when it comes to wealth building.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
23% of adults voted for investing in real property as the best way to create personal wealth.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
This makes it the most preferred way to build wealth after investing in stocks (16%) and starting your own company (15%).
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
However, this is not what people who wanted to increase their wealth did in the year.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
The No. According to 27% of respondents investing in the stock markets was the number one way Americans build wealth—only 12% of respondents invested in real property.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
What is stopping Americans from investing in the way they want? Financial experts agree that cost is the biggest obstacle to investing.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Nicholas Bunio, a certified financial advisor in Downingtown, Pennsylvania, says, "In real estate, it takes money to create money."
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
You will need to either pay cash or mortgage the property. You also need to fix up the property and maintain it annually. This is what costs money.
Twitter | Insatagram | Facebook