I feel that I have a basic understanding of money and investing so I keep it simple. I bought property on a loan, I own quality dividend stocks (and buy more when they dip) and put a monthly amount into index funds. All fine. I make six figures on a salary so it‘s enough to live comfortably and they way I invest will most likely guarantee a safe retirement in my late 50‘s and to support my parents who don’t have much.
However it feels that some people know „tricks“ that most of us (including me) don’t know? Recently I spoke with a colleague who bought as much property as he could when rates where low to „leverage“, a term that is often used money-related to my understanding?!
Obviously rich people have access to tools and networks that are hidden from most people. But that cant be the whole answer. So:
What are principles and strategies I/we can adopt to do better?
Thank you for taking the time to answer.
Submitted December 06, 2022 at 05:48AM by Many-Coach6987 https://ift.tt/ZGjiTXD
