Welcome to Keep-in-Mind content! We scoured the Internet for useful pieces of news and information that could potentially help you toward your next great investment. It all can start with one tip or point in the right direction, so every week we gather a few links that we think could be of interest to you.
Learn From Your Mistakes…Before You Make Them
“Real estate is a tangible asset with inherent value unlike many other investment vehicles such as stocks, which many consider as gambling,” says Adam Kaufman, co-founder and managing director of ArborCrowd. There is much value to this statement, but this doesn’t mean that making money in real estate is a lay-up. You must still be educated on the key factors for success – as well as failure.
In 2012, Sam Dogen decided to quit his job and retire at 34. At the time, he was married and had amassed a net worth of about $3 million that generated roughly $80,000 in investment income per year. Rather than continue working for the same firm he was at for 11 years, Dogen decided to make a drastic change in his life and become a “retiree.”
Hopefully your great investments allow you to retire early, but yours will likely not be as extreme as Dogen’s. Still, his observations of his life post-retirement could still serve as inspiration for how your life could look when you are finally able to call it quits to the 9-to-5 life.