Real estate investment, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth
Robert Kiyosaki
Ninety percent of all millionaires become so through owing real estate
Andrew Carnegie.
We have all heard about people becoming millionaires over night and by night fall, they are drowning in poverty. This is simply because they lack the financial backbone to sustain their wealth. Making money is easier than sustaining it. Acquiring wealth without adequate financial education on how to sustain and multiply it is like building your house on sand, when the wind blows, it will topple and fall.
- Real estate remains at the very core of most business successes. It has been known as one of the easiest and fastest ways to build a strong financial backbone.
- “Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy” – Marshall Field.
- Real estate is the spine of a lasting wealth; it is about the only investment that is so certain to enrich its owner. There is no other better way to save your money than in real estate. It is the best savings bank whose interest rate cannot be quantified.
- Low risk: “Now one thing I tell everyone is, learn about real estate. Repeat after me; real estate provides the highest returns, the greatest value and the least risk” – Armstrong Williams. Risk, according to Warren Buffet comes from not knowing what you are doing. In any business venture, knowledge of the business is power.
- Imperishable asset: “Everyone wants a piece of land. It’s the only sure investment. It can never depreciate like a car or a washing machine. Land will double its value in less than ten years. Land is going up everyday” – Sam Shepherd. Real estate cannot be lost or stolen, except in the case of a natural disaster. If it is purchased with common sense, Franklin D. Roosevelt observed, paid for in full, and managed with reasonable care; it is the safest investment in the world. Russell Sage, in his own words added “Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all securities and about the only indestructible security”.
- A touch of humanity: The thing with real estate is that it is a local market; therefore you have to understand the local market and the people. This need to understand the local market and its people is what makes real estate a very unique humanity business. It keeps you in touch with the people both at the top and at the grass root. Johnny Isakson, a real estate expert said “in the real estate business, you learn more about the people, and you learn more about community issues, you learn more about life, you learn more about the impact of government, probably than in any other profession that I know” When you invest in real estate, Robert Kiyosaki observed, there is a side of humanity that will be exposed to you, which mainstream investment options like futures and stocks shelter you from.
