Me 10 years ago: I can’t buy that investment property.

Why not?

I don’t have enough money.

Do you know any lenders or qualify for low-to-zero money-down options?

No, and I don’t think so.

What about your savings and investments?

I don’t have enough.

Do you save or invest?

I do, but it’s all in my TSP (401K equivalent for government employees) and

IRAs.

🧐

After this internal dialogue, I knew I had to find a different place to store my money.

Thankfully, I had a friend who lent me Becoming Your Own Banker by R. Nelson Nash.

That book opened my eyes to a different way of thinking about where to store money.

Luckily, I was open to learning.

Here are my 2 biggest takeaways:

1/ focus on keeping more of what you earn (capital preservation)

2/ create an alternate financing source

Focusing on where you store your money can make you resilient in any market.

To recap:

1/ Earn money.

2/ Store money to:

•preserve capital

•create a financing source

3/ Be more resilient to all market conditions.

What other ways do you build a resilient financial strategy?

Feel free to let me know in the comments.

#riseup #realestate #money #ibc #lifeinsurance