Better To Pay Off Debt or Invest in 2024? (How to weigh your options)
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- čas přidán 25. 08. 2024
- Should you prioritize paying off debt, investing, or building a business in order to set you up for success in the years to come?
Matthew Pillmore, president of VIP Financial Education, discusses the 3 best ways to improve your monthly cash flow in today's episode.
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A great option for short-term investing is the PREFER Method we talk about on the channel, which is where you lend money and see a return of 25-40% on that money in 6-9 months.
It's true passive income and the returns are far beyond any other short-term investment you could make.
To learn more about becoming a PREFER Lender on similar deals to the ones talked about on today's episode then please send an email to:
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Watch more videos on this passive income opportunity:
Passive Real Estate Flips EASY RETURNS | PREFER Lender 101
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You HAVE To Have Your Money Working For You Right Now
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This Investment Produces 50% Annualized ROI (PASSIVELY!!)
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Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you!
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Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds.
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#payingoffdebt #investing #startingabusiness #cashflow
I’m 52 hoping to end the rat race by 60 with above $100M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
Paying off debt is a guaranteed return. Let say its student loans, cars, credit cards and your total interest is 11%. Better pay that off, because investing returns is not guaranteed. You think you can make 11%? Even 90% of pros dont beat the market (~8%), so who says you can? Average investor over long term you know how much makes... are you ready? 3.5% ;) Yup, yup.
23 thousand in BTC the rest in Palantir Tesla PayPal shopify Amazon
So palantir is -15% since your comment, tesla -17%, paypal +3%, shopify -20%, amazon -16%, btc at around 0% or in the negative. You are an "amazing" investor. Dont come back in a year if markets boom... because most average joe shmoes (you), start selling when they see -10%, -15%.
PRECIOUS METALS 🥇🥈