There are five main ways you can generate wealth:
Save Cash,
Invest in Gold,
Invest in Stock,
Cryptocurrencies,
Property Investing,

The billionaires on the planet, make their money in one of these five ways and in this episode, Kevin discusses and compares them, both the positives and the negatives in an unbiased way.

Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPI

KEY TAKEAWAYS

• Do we really know what we are doing when we save cash? The depreciation of sterling and all cash can make it an unwise decision. If you are wanting to create generational wealth, cash is the worst way to do it. Whilst you are saving money, you are wasting your time, the time you could be using to get ahead and beat inflation.
• Having assets is a way to protect your initial investment and protect your money. For example, putting it into property.
• Many of us have heard that gold is a safe way to save your money. But, Gold prices over the years have in fact gone both up and down, it isn’t as sure-safe as we have been lead to think; for example it has only gone up $40 in the past 40 years.
• Property is always in limited supply. Investing in property is much less of a gamble than investing in something like stocks because of this.
• Even ‘safe’ bitcoins can be a risk. Cryptocurrency is very volatile. It is the wildwest of investing. If you educate yourself well and spend time on researching it is possible to make a good investment from cryptocurrency, if you get in at the beginning you may make a big amount, but there is a big risk attached too.
• If you look at the property market for generations, it goes up in value. But it’s not just about this. It creates you an income day-to-day and it also gives you leverage.
• If you buy a property, the land beneath it will always be there. In 10, 20, 30 years who knows what will happen with crypto, certain stocks, gold or cash.

BEST MOMENTS

“The value of Amazons stock is where the real money comes from”

“All the things you spend your money up has gone up”

“Your money should be working for you in assets”

“Cash does not build you wealth, cash makes you poor”

 VALUABLE RESOURCES

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk 

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.  

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/