Building Wealth in 2024
Alright folks, let me tell you — building wealth in 2024 isn’t as hard as people make it out to be. I was just talking about this with a client the other day. There are some basic moves people miss out on, and they’re leaving money on the table. So, let Grandpa Mortgage break it down for you:
- Buy Property and hold it 🏡
Buying and holding real estate offers numerous advantages, including property appreciation over time, passive rental income, and tax benefits like deductions for mortgage interest and depreciation. It allows you to build equity as your mortgage is paid down, hedge against inflation, and take advantage of leverage for further investments. Real estate provides stability, diversification in your portfolio, and the opportunity for forced appreciation through improvements. Long-term property ownership can also help create generational wealth and provide a lasting legacy for future generations. It’s the best, that’s why it’s #1.
- High-Interest Savings Accounts 💰
This one is a no-brainer. Most people stick with their regular ol’ savings accounts, earning next to nothing. But there are high-interest accounts out there offering over 5%! That’s free money for doing absolutely nothing different. If you haven’t made the switch yet, it’s time to check out some better options and start earning more today!
- Comparing Car Insurance Rates 🚗💸
Listen, car insurance isn’t something you set and forget. You could be saving hundreds—maybe even thousands—just by shopping around every year. People don’t realize how much their rates sneak up on them. Take five minutes, check your rates on a site like Coverage.com, and see how much you could be saving. It’s easy!
- Debt Relief Programs 🏦
Got $20k or more in credit card debt? You might be able to reduce that by 20% or more with a top debt relief program. That’s one of the quickest ways to free up your cash flow and start building wealth. Answer a few questions on a site like this one and see if you qualify. It’s worth a shot!
- Investing with Bonuses 📈💵
Here’s a little secret not enough people take advantage of—some investing platforms will give you bonuses just for opening an account! Imagine getting up to $1,000 just for getting started with as little as $25. That’s free money, people! Check out what platforms like SavingsPro have to offer and grow your wealth right from the start.
- Fixing Your Credit Score Early 📊🔧
Your credit score affects more than you think—loans, insurance rates, rental applications, even job opportunities. A low score can cost you big time, but fixing it early can save you so much in the long run. Get ahead of the game by checking out online resources or if you’re interested in credit repair, I can provide you some information. It’s important to improve your score and save yourself some serious cash.
So, if you want to start building wealth today, here’s what Grandpa Mortgage says you should do:
- Buy a property (or two) and sit on it 🏡
- Open a high-interest savings account 🏦
- Compare your car insurance rates 🚗
- Reduce your debt 💳
- Earn bonuses by investing 📈
- Improve your credit score 📊
There is Building Wealth in 2024. Don’t miss out on these easy wins. Your future self will thank you!
Here is a link to some of the other types of home loans I finance as a Broker: Types of Loans
Contact me today to learn more:
Jeff Markell NMLS# 224196
Grandpa Mortgage – U.S. Air Force Veteran
Reverse Mortgages – Mortgage Broker In OC
(714) 614-4040
jeff@empirehomeloans.com
Empire Home Loans, Inc. NMLS# 1839243
Serving all of California
www.mortgagebrokerinoc.com
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