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Why Stocks Don't Create Wealth, STRs, Build-To-Rent
Description
Have you ever met anyone that created wealth with stocks? I haven't. Why not?
Inflation, emotion, taxes, fees and volatility are the reasons. I break this down.
The Rule of 72 is what traditional advisers cite as a wealth-builder. I describe why this does not work.
Learn why returns from stock and mutual funds are often less than zero.
What really creates wealth? Leverage.
Learn trade-offs between long-term rentals and short-term rentals.
Zach Lemaster joins us. A licensed optometrist and captain for the US Air Force, he's become financially-free through real estate.
We discuss the pros and cons of owning "Build-To-Rent" new construction income properties. It takes patience during the build process.
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Show Notes:
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Partial transcript:
Welcome to GRE! Why Don't Stocks Create Wealth? After answering that, learn about some tradeoffs between LTRs and STRs, and the pros & cons of getting a construction loan and new-build rental properties. Today, on Get Rich Education.
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