We live in weird and uncertain times where most of the world can’t buy a house.
Seventy-five percent of all Americans are living paycheck to paycheck.
Even with most Americans feeling more financially secure than they did five years ago, forty percent can’t cover a $400 emergency expense.
And yet, people spend more money on lottery tickets every year ($80 Billion) than the combined earnings of Starbucks, Burger King, McDonald’s and Taco Bell…
Imagine, a guy wins $1.6 Billion on a $2 ticket and unfortunately won’t know what to do with it.
I know what I would do.
I would use my $1 Billion to buy $4 Billion in real estate and collect $80 Million in positive cash flow per year while I wait to either pay off the $4 Billion with renters’ payments or for the property to appreciate… or both.
Most lottery winners go broke because they stay liquid. Money that sits around will always find a new home.
Read the stories of past lottery winners. A majority of them kept the money in the bank and spent it. Sharon Tirabassi, a single mother, won $10 million eleven years ago and spent her money on parties, trips, designer clothes, a big house and fancy cars. She is back to riding the bus, working part-time and living in a rented house. Bud Post won $16.2 million and was $1 million in debt within a year.
And it’s not just lottery winners. If Floyd Mayweather would put his money into illiquid assets that produce cash flow (real estate) after each fight and then live off the cash flow he would never go broke again.
Invest in real assets that produce cash flow and wait.
Do your homework and invest with someone you know and trust and in assets that are the right size, right location and right price.
I promise you will never regret it.
Cardone Capital was created for those who don’t want to lose their money, value cash flow and can’t wait for appreciation.
Want to know more? Look deeper at Cardone Capital and look at all of my real estate content, programs and courses.
Source: Federal Reserve Repot on the Economic Well-Being of US Households in 2017
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*This is a solicitation of an indication of interest. No solicitation or acceptance of money or other consideration, nor of any commitment, binding or otherwise, from any person is permitted until qualification of the offering statement.