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 that...
“When you've worked hard, and done well, and walked through that doorway of opportunity, you do not slam it shut behind you. You reach back."
- Michelle Obama.
That is what makes a true GODDESS! That is the beauty of a SISTERHOOD! That is the power of WOMEN!
And reaching back, supporting each other, and lifting each other up is exactly what we at REI Goddesses are all about.
I am tired of seeing a room full of wealthy investors where so very few are women. And we know you are tired of this as well.
It's SOOO possible, and I'm tired of the excuses we make that keep us from getting in the game. Some of it is due to fear. Much of it is due to myths and misinformation, and not knowing what's possible!
That's why I've written this 40-page guide and am giving it away for free right now - to show you how you can start to invest in real estate even if you have little to no money, little to no time, and don't want to ever deal with tenants.
In my new guide, I've shared 12 strategies:
-3 that are sweat equity strategies (for the goddess who is willing to roll up her sleeves, but wants to invest little to none of her own money).
-3 are passive investing strategies (for the goddess who wants her money working for her and doesn't want to spend time finding or managing properties)
-3 are buy-and-hold strategies (this is for the goddess who wants to invest in a more...
As a black woman in this country, in the city that I love being looted and burned down, I feel I can't be silent and yet I genuinely don't know what to say.
I only like to share if what I say can provide some measure of hope, peace, inspiration, or understanding.
Every time I start to even think about writing something, I begin to cry. My eyes are puffy from it.
Sunday morning, I went to the grocery store. My original choice, Trader Joe's, had been looted and was closed. I went to Ralph's. The windows were all boarded up, and there was a huge police presence (it was a Ralph's right next to a police station).
I wanted to say something to the police officers: "I think the majority of you are good people and doing your best to serve and protect. Thank you for putting your life on the line, and working to restore order." Every time I started to open my mouth, I started to cry. I didn't want to break down in the middle of the store, so I kept quiet...
There are three main reasons I believe why more women aren’t investing in real estate:
1) Many simply have not considered the incredible advantages of real estate, or that they could ever participate as a real estate investor.
Perhaps they haven’t considered that there is an option for creating income other than trading their time for money. Or maybe they just think it’s something that “very rich” people do, and it’s not something they could ever afford.
2) They understand real estate investing in the abstract but do not know how to apply those concepts to their own work or investing.
They understand the concepts of real estate investment, but they don’t know how to do it. They don’t know what steps to take, or where to go in order to gain the necessary knowledge.
3) Last but certainly not least, they understand how it works, but they’re afraid they’re going to lose money.
They have heard of people making lots of money in...