I often hear people say that they feel more comfortable investing in the stock market or keeping their money in a bank account. To them, this choice feels safer and more reliable. But this is a myth. I believe that they say this because they have not done the work of comparing how money grows in different investments. So I’ve broken it down for you.
Let’s say you start with $50,000. Now if you put that money in a bank account, where it compounds at 1% interest, after 20 years you will have made a profit of $11,009.50.
Now let’s say you want to invest that money and you choose to invest that $50,000 in the stock market, which averages a 7% annual return on investment. So after 20 years compounding at 7% you will make a profit of $143,484.
Now let’s compare those two options to real estate investing. Let’s say you purchase five 3/2 single-family houses in Cleveland, OH for $50,000 down (20% of value - $250,000 total in assets). The average rent for...
No one can do it alone. That's why we believe so strongly in the power of a team, the power of community, the power of sisterhood. It takes a ton of support, encouragement and creativity to succeed in real estate investing. That's why we created this community of REI Goddesses.
You don't have to do this alone. We are here to help.
Happy Women's History Month and International Women's Day!
International Women's Day (March 8) is a global day celebrating the social, economic, cultural, and political achievements of women. The day also marks a call to action for accelerating women's equality.
Here at Real Estate Investor Goddesses, we are committed to accelerating gender wealth equality in this country and the world.
We have a real gender wealth gap that is startling! Many people know about the gender pay gap (for every dollar that a man makes, a woman only makes 82 cents). What's even more troubling for me is the gender wealth or net worth gap. For every dollar of net worth that a man has, a woman only has 32 cents! And that figure gets even more shocking when you factor in race. For every dollar of wealth that a white man has, a black or Latina woman has less than one penny! We need to change that!
I'm super grateful to the women who came to our Wealth Through Real Estate Event last weekend here in Los Angeles...
For better or for worse, your success in real estate will be determined by WHO YOU KNOW.
Real Estate is a relationship business. Who you know, and who you are working with, can make the difference in what deals you get, and how much money you have access to.
You will need relationships with great service providers such as agents/brokers, lenders, property managers, CPAs, contractors, attorneys, and with great potential partners – deal and investment partners.
Without these right relationships you either:
(a) can’t acquire a good cash flowing property (especially in a competitive market), or
(b) you can’t run it well, if and when you do acquire it.
A lot of people think that’s not fair. Maybe it's not, but that’s the way it is.
There is something you can do about it though…
You can absolutely get yourself some of those "right" relationships!
So how do you do that?
There are three ways to do this. These are what I’ve done that have made...
On average, women see better results in real estate investing and yet there are significantly less women involved in this field. Why is that? I believe it's a lack of awareness and education on what investing in real estate really is, and fear of this male-dominated space. Women can be extremely successful in this field if they allow themselves to show up.
Ready to be inspired? It's time for another Goddess Spotlight!
In these Goddess Spotlights, I introduce you to members of our community who are successfully building their real estate portfolios and are creating financial freedom. Some are relatively new, while others have been at it for a while.
These goddesses invest in almost every niche imaginable, and they ALL have a lot of insight to share!
Today, I'm sharing my interview with Dorothy Salomon - our Wealthy Goddess of the Month!
Here’s a recap of what we talked about:
Have you ever dreamed of being a millionaire -- and I don't mean just a millionaire with $1,000,000 but with at least $10,000,000+? And much of that showing up as passive cash flow coming to you monthly?
When you were younger, did you ever imagine you'd have homes around the world or Ferraris at your whim?
Well, $1,000,000 just isn't what it used to be. In the past, it could have guaranteed you a pretty cushy lifestyle. Think about it, the average cost of a house will be over $1,000,000 in a few years. It's already pretty close in LA where I live and in many other coastal cities.
That said, if that dream is still just a dream, don't worry. It's not too late!
One of the keys to accumulating lasting wealth is to learn the art of investing. This way your money grows automatically and exponentially!
Some people think they can save their way to millions or acquire their millions by getting raise after raise. If you're trading your time for...