We are the wealthiest nation in the world, but what makes us so rich? What made us so wealthy? It is a historic
al fact that American land has been a major source of wealth, especially for European settlers and their descendants. America has an old history and a rich tradition of slavery in its people and land. However, we’re always proud of our rich heritage of soil and culture. It’s just the way our country is, it’s just who we are!
Today I’m going to explore why it is important for Americans to invest in the United States right now, despite how much they’ve fallen behind our competitors and how far ahead our growth will go in the future. And how investing in this country can be done by anyone with access to some cash! With US property you don’t have to be a millionaire, nor do you need any particular qualifications to buy. You can just put your money out there on the market and see how it goes.
US Property – How To Make Money At Home
If you own or rent real estate, then you’re probably aware of how difficult it is to buy and keep a rental as a landlord, when compared to buying from someone else. There is more competition with houses, and since you’re a landlord you must make sure you work the system well so your tenants stay happy. If you are able to sell properties, then you have very little financial advantage. But if you choose to invest, and don’t know where to start, here are a few things you can do:
Buy a house before it’s too big to justify renting to someone else in the area. When a person rents space in a building, they usually do so because the owner and tenants want each other to succeed. This way the landlords know that they are getting good value for their money and the tenant knows his/her place is safe and secure. Many cities have low- and no-interest mortgages on homes. So if you buy a home and plan to live in it in three years, then you have a better chance of keeping the space for yourself as your rent goes up. Don’t underestimate the power of mortgage interest rates. They always fluctuate, sometimes dramatically, and they’re also based on your credit report. As long as you have enough to keep paying off your mortgage, you should get the best interest rate possible. Most people with good credit are given one of two types of loans: jumbo loans or subprime mortgages. Jumbo loans – these are loans which require higher interest rates than a regular loan. Subprime mortgages and others don’t charge fees or interest which means the costs to pay are very small. Some homeowners have paid off their jumbo loans before they bought a house. The same thing is true for subprime loans. A study found that those who did not buy a house before they got a mortgage were 10 times more likely not to file bankruptcy afterwards. It’s also important to ask someone before you mortgage that person’s mortgage interest rates, because they are often different to your maximums and payments. Get advice. While this may seem like something only a homeowner would do, many professionals do this by working with brokers and finding companies to manage both commercial and residential properties. That’s a bit like being a commercial real estate agent, but more like a legal professional. An accountant, lawyer or planner can come in handy when looking at properties. Take control of your finances by making sure you have a budget and knowing exactly how much you have set aside for a deposit. Having that sort of planning doesn’t mean you are going to spend on anything unnecessary, but rather knowing how much you need to see a full picture of your financial situation. This is an important step, because otherwise you’ll end up drowning in money in the middle of nowhere. Be careful though, not all investments are worth the risk. For example, most mortgage interest rates will increase if you have bad debts. Even though we have so much government help to protect people against this, that’s not going to stop some poor souls to take their chances on a loan. And you need to consider whether you need the extra income. Since the first job was to provide for oneself, as children we have tried to avoid jobs until we become adults. After we were married our child care work became easier to manage so we could go back to more serious work, but still having time for ourselves also meant not going to college. Now that we have children and our careers are more steady, we can look after our family while still achieving our goal of owning a home. That should be enough incentive for most investors to think about investment, and the ability to get work again and be more present with them. Make plans. Planning is good for everything, including how rich you will become. Make a list of things you’d like to have or do, and think about how they’d fit into that bigger scheme (like taking a holiday), how you can get them to happen or create a new lifestyle you’d love, etc. Remember when you had the opportunity to travel abroad to do something? One of the benefits of living somewhere new every year was discovering new places and meeting new people. Then some of the new-found travel buddies invited you over for lunch. Make decisions. Decide how much you want to save up to buy the house, how much you need to be able to afford a car or even for insurance to cover medical bills, education for your children, or perhaps even for retirement in old age. Think about how you’d like to live, what is worth being sad about, to live the life you want. Think about what needs to change before someone else does. Do you want to start an independent business, or perhaps learn a trade? Whatever you decide, make sure you have all the facts and the financial support to get it done. When you think about how you want to live and what needs changing, then act on those ideas as much as possible. Being proactive and thinking up your dream house is great for your mental health too, and it gets people to take big risks by moving forward instead of backward. Choose where you live. Look for a town, city or state that has great schools, infrastructure, healthcare etc., so you can focus on where your job is most needed. Also, pick something that isn’t quite where you live. Maybe you want to move to New York? Or maybe you want to retire in another county in Oregon, you always have plenty of options out there. Find an asset
Forget for a moment the biggest argument here to never invest in the USA. Yes, the United States is a huge and rich nation and one of the richest countries on Earth. But if you’re going to invest you can do so anywhere in the world, so picking between a handful of destinations, then deciding for the rest of the world is probably not an idea at all. Of course you can have America in Europe, Australia, Canada, Mexico, South Korea and Japan, but you need to think in terms of the UK, Germany, France and Italy. All the continents. So invest your money. Make use of the US dollar. If you’re interested in a certain industry, say energy, then you can consider adding them to your index fund, which makes it easier for you to see the global economy. But make it count. These currencies are used worldwide – what currency would be useful for exporting your product around the globe? Can you find a company overseas that you buy goods in? Could there be a local firm you support? Perhaps the answer to that question is simply ‘yes’. If you’ve got cash, then you’re going to buy something overseas, and then ship it around the world, so money is going to get you there. Make sure you’ve thought about all of the pros and cons. Are your kids going to school or doing sports? Is there healthcare in the region where you’re going, are the teachers suitable for your parents, how much fun it is? Could it be a tourist attraction? Where am I really meeting people? Who pays my taxes? How much free labour do I enjoy? What skills or knowledge do I gain from the experience? Don’t get distracted, just put in a lot of hard work and you’ll have the results.
So go ahead and make it happen. Put all of your cash towards foreign assets. Buy a mansion in Florida. Sell a villa in Thailand. Start an interior design business. Or hire a freelance designer! Go ahead with your plans and see what happens. Keep an eye out on social media. Check out the stock market and keep up with trends. The whole world is going to be a tiny bit less difficult for you.