I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
What's the minimum you should ask to your money?
|
They are people out there doing extreme things: They avoid having a couple of coffees at the café each week and feel guilty if they spend 15 euros on beers with friends. Even though they work hard, they take very few vacation days a year and always choose the cheapest hotel they can find on Booking. Some obsess over not exceeding 100 km/h when driving on the highway and use an app to tell them which gas station to refuel at to save 0.01 cents per liter of fuel. Others go to the supermarket and spend half the time looking for discounts, 3-for-2 promotions, and shampoos with 20% extra volume. ​ Probably, you also know the case of my neighbour, spending hours a week and lots of petrol, risking every day to get his car towed to save a few pennies in paying parking. ​ Of course, I have absolutely nothing against these people. Everyone does whatever they want with their life, and that’s perfectly fine. ​ If their plan to amass a large sum of money and achieve financial freedom is this, I wish them luck. ​ If you’re new to world of investing, you’ve probably come across things like this: “If you invest the euro that you spend on coffee at the bar in the stock market, in 20 years you’ll have enough money to buy a car.” Or… “If you save €300 a month and invest it in an index fund tied to the S&P 500, with an 8% annual return, in 30 years you’ll have almost half a million euros and you’ll have achieved financial independence.” ​ I have to admit, these messages really hit home. The idea of getting rich “little by little” with a modest salary is pretty appealing. It’s hard to resist giving it a try. ​ The problem is, expecting an 8% annual return for 30 consecutive years… you never know. On the other hand, 30 years is a long time. Also, the half a million euros (which is actually less, but “almost half a million” sounds better) is gross. And let’s not forget inflation…. ​ But well… who am I to crush anyone’s dreams? ​ What I propose you today is knowing what would be the minimum return you need in a real estate investment to make it worthy. When investing in real estate I’ve seen many errors: People focused on “get the mortgage” paid through rents. Others, focused on “get the mortgage and expenses” paid. Others, selling their flipping project for 10.000 euros more than the money spent in the purchase and renovation… ​ What’s the minimum money that you should make when investing in real estate? Do you have any idea? It is 5%, it is 10%... it is just OK to get the expenses paid? ​ Listen to this audio and accelerate your path into financial freedom. ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
These days, still in Spain, I had the opportunity to talk to many infrastructure professionals. Things are slow. Bad. Nothing new. Construction companies are risk averse. They prefer private clients now… aka, data centers and batteries. Projects are small. Lenders are worried. Etc. Look. Every guru out there is writing, talking, showing "projections for 2026"... It's as typical as the new year eve. It arrives every year. Together with their mistakes. And my friends, gurus included, forget...
You learn by doing. As Robert Kiyosaki said if you think that mistakes are bad, you’re doomed. Imagine yourself with this attitude: “I’ve taken action, I’ve made some mistakes, and now I can learn from those mistakes”. In this case, you’ll be a much richer person. In your pocket and your mind. “People who must be perfect, or cannot allow themselves to make mistakes, are often people without much 20/20 vision. They are the people who make the biggest mistake, which is to fail to learn from...
Small children don’t wait. They come with their “wee, wee” statement… like a Change Notice on Christmas Eve. And it means now. Not in 1 min, that I’m eating. No. Just right now. In a rush, you take over everything you need for such a complex operation. Peeing in a public / restaurant toilet. And you arrive in a rush. Then, you realized the obvious thing. Too many tables. Too many people eating. Too few bathrooms. The waiting list announces the inevitable. A wee-wee accident. Kids are not made...