Have you worked for a company and have since left and have a 401k from that former employer? Well, you can take that and move it so that it can begin earning you money instead of just orbiting in la-la land.
I always suggest a self-directed IRA to my Money Partners. A self-directed IRA allows you to be in control of your money. Self-direction means it allows you to put the money where you deem fit.
If you are with Dean Witter, JP Morgan Chase, Fidelity or any of these companies…they have an array of products that they sell you and they’ll gladly pay you 1.78% interest. Oh and 1 caveat, you have to invest a minimum of $50,000.
Or you can do what I teach others to do. And that is to take that same money…move it to a self-directed IRA and put it in real estate and earn better than average returns.
********************************* If you are reading my blog for the first time, let me inform you that… My company buys single-family houses and I write this blog bi-weekly which is primarily directed to educate 1 group of individuals:
Individuals who are losing their shirt as a result of the “roller coaster” volatility of the stock market and low paying rate of other traditional investments, i.e. people that are looking for an opportunity that’ll provide a secured place to put their money to get it working for them to earn better than average returns.
However, often times, homeowners that need to sell their house, stop by to take a peek because they are curious and wondering how and/or where we get the funding to purchase houses. And if they stick around long enough, they begin to understand why individuals partner with us to provide the funding which empowers us to be able to purchase real estate on a continual basis. Simple, it’s because we teach them a secured way to earn better rates of return than they are currently earning.
Request your FREE Education Kit if you are interested in learning how passively investing in real estate may help place you in a better financial position.
Disclaimer: This site is intended for educational purposes only. I am not an accountant, attorney or licensed financial planner. While the information I’m writing here is based on many years of experience buying houses that doesn’t really constitute professional advice (since everyone’s experiences and situations are different).