With the possibility of bank collapses on the horizon for 2024 and 2025, where is the safest place to hold your wealth? That’s the first question I’m answering on this episode of Investing in Real Estate!
This Q&A episode features three great questions on safe places to put your money, how to use your property as collateral, and what you need to know about accreditation and investing options. Click play to hear my answers to your investing questions!
On this episode you’ll learn:
- The safest places to hold your money in 2024.
- How to use your property as collateral in an emergency.
- What investors need to know about accreditation.
The Safest Places to Hold Your Money in 2024
There are two main stores of wealth that have been proven for 100s of years: precious metals and real estate. I can’t tell you where to put your money, but for me personally, I prefer to have my wealth in assets like these, that are not inherently tied to the value and performance of the US dollar.
How to Use Your Property as Collateral in an Emergency
If you own your asset outright, or have a decent amount of equity, you should be able to use it as collateral. However, if it’s in a retirement account, it’s very likely that you will not be able to touch it without a serious tax penalty.
What Investors Need to Know About Accreditation
To invest with Debt Free Doctor, you need to be an accredited investor. Certain criteria must be met, so this option is best for high income earners. If you’re not accredited or would simply like to invest less money, check out real estate notes at Connect Invest.
Episode Resources
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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