How to Become a Millionaire by Spending Your Money
Let’s be real. Saving your money in the bank does nothing for you.
The CPI for June 2022 came in at 9.1%. Inflation is killing your savings account as prices increase and the value of the dollar decreases.
Investing in stocks isn’t attractive right now, as the stock market has been tanking for the last six months.
Since your savings is suffering from inflation and the stock market isn’t desirable to people currently, what are your other options?
Spending your money.
If you spend your money in these three fields, you can become a millionaire.
Real estate
The safest bet you can make (unless it’s 2008) is to buy real estate.
During the pandemic, a term called ‘house hacking’ began trending. This is when you purchase a multi-family home, live in one of them, and rent out the rest of the homes.
This is possibly the smartest approach to avoid paying your mortgage.
Of course, this isn’t the only option. You can also purchase a one-family home and rent it out.
