Unpopular opinion:
Buying #houses for #rent is more of a headache than a profitable #investment.
I'll explain:
When you buy rental single family real estate you cashflow very little, on average 250-500 if youre really winning and bought a great deal.
Your equity goes up because of inflation not because of utility going up, which means your dollars are being devalued.
Your taxes go up almost yearly
One AC costs between 8k-13k
So if that goes out it takes 2.5- 4 years of cashflow, wiped out.
That's not to say you have plumbing issues, roof issues, termites, tenants breaking down the place etc.
But yea it does go up in value....again because the dollar is being devalued and if it isnt...then it doesn't go up.
Lord forbid you dont get a covid situation and your tenant is allowed to not pay rent for a few months...or a hurricane that wipes your roof out, or a flood that requires thousands in remediation, floors and sheet rock, paint, etc.
Unless youre Buying #apartment complexes that can weather those expenses without needing new capital calls due to expiring loans or changing interest environment, I wouldnt be using single family #realestate to build wealth as a first option.
I'd rather buy #Bitcoin, still limited supply, no ongoing maintenance or management fees, programmable and secure, and a true store of #value.
I've been curious about this for some time. This is a question for my fellow #bitcoiners and #bitcoin #maximalists
What are your thoughts on life insurance?
Is it too Fiat for you? Or are you still getting it to secure your family is well taken care of if you pass earlier than expected?
Ultimately you realize the central banks are the main cause for a lot of the problems in the world. Therefore #bitcoin is a solution that can bring about a revolution and change how we interact in society all across the world.
Imagine whatnot or live tiktok shopping but on #nostr that would be amazing!
You can only ignore the proper process to build #generational #wealth for so long before you realize youre having a harder time than most who are being successful.
It's like trying to make omelettes by frying cheese in a pan without the eggs.
Will you get something? Yes.
Is it what you originally wanted? Meh...
Some of us have been playing the small game, trying to push small shrimp up out the pot to prevent them from getting cooked.
If this is you i got one message: It is time to level up and get in the ocean and compete with the big sharks that actually want to hunt big game.
One word to focus on: IDENTITY
Where is your identity?
Do you believe in yourself? Can you do more? Can you do better? Are you the best in your circle already? Or are you growing? Always be the weakest and the least able in your circle, that way you have room to grow and chase the MVP....if youre the smartest and the best...its time to change circles.
LEVEL UP SEASON!
Whats a hill you will die on?
I'll go first:
Life is a projected hologram, a game, with levels and bosses and lessons to overcome. One where mastery means self control and discipline. A game that shows our true self if we dare go down the Heros path, full of sacrifice and challenges. We must learn to master stats like our health, our resources, our wealth, our relationships and our strategy. Ultimately a game to be played with joy and fun, regardless of the hardship. A game which we have even been shown that even death and temptation can be overcome. How amazing that we get to live in an age where we get all the information for the instructions on how to play and where to acquire resources to play at the highest level. #life #mind #health #positive #bitcoin #wealth #game
The more that AI advances. The more distorted reality will become. People on social media will have all the ammo to come up with crazy ideas, some coming close to reality and some far out, but so far out that they may seem plausible, maybe so much so that they will become our accepted reality. Our reality may become exposed in plain sight and people will dance around it making fun of the newly found ideas, unknowingly falling prey to the programming of society and their corresponding communities. We will think we are, but we won't be, and we will believe we are not even though we are. Reality will become an illusion, and yet the idea of it being an illusion will be comprehended by the masses, ironically as a meme, as a joke, and then the cage will have fool proofed itself, locked by the person trapped inside.
Wake up Neo.
Social media is free...you can build businesses on top of this platform, isn't that a crazy idea? I know we have grown to take it for granted but it truly is a marvel.
I sell life #insurance and help people protect their retirement with #annuities, on my free time i try to help educate my community about #bitcoin and basic financial principles as well as #mindset or #selfdevelopment. What do you do for a living? Lets #connect!