“How can I get out of debt?,” you may ask. Deep down, you know that debt is a financial bondage. It is a difficult task, admittedly, seeing that it may be massive. Yet, if we take baby steps, we will eventually get out of it.
How Much Debt Does the Average Person Have in the US?
Lexington Law Firm wrote, “Average consumer debt per capita is approximately $12,687 (total consumer debt as of November 2019/total US population as of January 9, 2020). . . Average loans per student equal approximately $82,170 (total student loans in September 2019/total students enrolled in public or private universities in 2019).”
The following resources are invaluable in explaining the concept of wealth accumulation through real estate investment. Most of them I have already read, and the remaining few are on my reading list. Enjoy!
How can you multiply your money repeatedly and infinitely when you invest in real estate? And why is investing in real estate one of my favorite way to multiply money? Four powerful reasons: you can have an infinite return for your investment, simultaneously gain four streams of income, have more control over your success, and you can even accelerate your rate of growth. All of this growth from investing in real estate means you can achieve financial freedom sooner. That is freedom to spend time with your loved ones, time to travel, time to spend on your hobbies, time to yourself, and whatever else you want to spend time doing. So let’s unpack what each benefit means.
Do you want to multiply your money 10-fold? I do. That’s why I’m investing in silver bullion. Experts are saying that gold will rise 2.5 times AND silver will rise 10 times. That’s what a 10 bagger is. I’m not an expert, but I am reading lots of info online that tells me precious metals are the way to go, like here and here.
I’ve also been following Franklin Sanders from the Moneychanger for many years. Among his treasure trove of insightful articles, he wrote the 10 Commandments for buying gold and silver. Very helpful fundamentals! He believes that both metals will skyrocket in this bull run which would last 9-10 years. Silver will outperform gold by 400%! And he offers a swapping strategy with the goal of doubling the number of your ounces. His sons are able to help you buy and sell physical precious metals directly to/from them at Volunteer Precious Metals.