Wealthy People Invest Their Money for Retirement This Way

Retirement planning is one of the most important aspects of financial planning. For many Americans, this includes setting savings goals for plans 401 (K) or IRA. However, according to Lebanon Cardone, author of the book “Base of 10x”, the wealthy takes a different approach.

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If you study wealthy people, they do not focus on 401 (k) [plans] Luas said. sale 401 (K) Plans and IRAS – Vanguard and Fidelity have made a lot of money that manages people’s retirement [savings]”

If you want to invest to retire like the wealthy, here is how Cardone says to do so.

Instead of giving your money to companies like Vanguard and Foundelity, you should follow what they do with their money.

He said: “Do what these groups do with the money you offer to them – what they do is that they invest in insurance products, and companies that produce negative income, and invest in real estate that produce income.”

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Cardone believes that investing in income -producing properties now is the best way to ensure you are financially safe in retirement.

He said: “When you reach retirement, you do not need a broken amount in the Irish Republican Army or 401 (K).” “What you need when you retire in 65 or 68 years is an income to take care of your expenses. I will search for vehicles, when you retire, you will pay you money every month.”

Cardone took his own advice. “When I was 30 years old, I started looking for the assets category where I couldn’t lose money.” “This means that I can not only save money because the money is decreased in the value. I cannot be in the stock market because I may lose money.

He said: “No. 2, I need a negative income from my investment.” ))

Cardone said he maintains 95 % of his wealth invested in real estate.