Back in the day, when I was on the job, my goal was to put in my 25 years in the fire service and retire as a Firefighter/ Engineer and collect a pension. Just like many Americans were looking forward to retirement. It would be a time to reflect on their hard work and a life well-lived, while they relaxed and sailed off into the sunset. Sound familiar? Maybe you had retirement dreams years ago to explore tropical paradise (psst…Belize is always a good idea), spend more time with your future grandchildren or buy that beautiful piece of real estate…
passive income
After the economic recession in 2009, Bitcoin attracted investors who were curious about the possibilities with cryptocurrency and the fact that this emerging asset was comparable to precious metals. Flashforward to current times with the Covid-19 pandemic, and many of us learned the importance of savings and investments. People were disgusted with Wall Street’s manipulation and tired of gambling their money away into the stock market (the disasters of GameStop and AMC come to mind). Real assets seemed more appealing as the days passed, and investors continued to branch out to options that were considered safer, including: > Real estate…
What does it take to be in the top 1% in the US? According to the 2021 Knight Frank Wealth Report, roughly $4.4 million. While you might not have that kind of net worth, you can still take a page out of their book when it comes to making investment decisions. Here are a few key points to investing like the top 1%: Their portfolios are diversified. According to this article from Yahoo Finance, “In addition to holding 61 percent U.S. equities (stocks), the top one percent typically has 12 percent cash, 11 percent allocated to real estate, 6 percent…