If your goal is to become a millionaire retiree, the author of today’s article recommends seeking out “stocks that consistently generate strong returns, and allow your gains to compound for decades” – and points to real estate investment trusts as being particularly good picks in this regard, noting that, due to their tax benefits, “REITs work twice as well in retirement accounts.” He proceeds to highlight two REITs to consider as they are plays on two trends that are only going to accelerate from here: the growth of cloud storage and the aging of the population. To read more, CLICK HERE.
When it comes to accumulating that $1 million figure often cited as the recommended amount for a retirement nest egg, the author of today’s article states there are two choices: “Either we can wait nearly half a century…or we can become millionaires faster if we can get a better return.” He proceeds to outline a basket of five funds which – with a 12.8% average annual return – can generate $1 million much faster. To find out what these five funds are – and why this higher return does not necessarily mean higher risk – CLICK HERE.
“Getting rich begins with the way you think and what you believe about making money.” This assertion comes from Steve Siebold, a self-made millionaire and author of “How Rich People Think”, which he penned after studying millionaires for over 25 years and conducting hundreds of interviews. Today’s article highlights six “psychological tricks rich people use to make more money”, as identified by Siebold. One such mental trick? Rich people “tell themselves there’s no shortage of money, even when they don’t have enough” – what matters to them is whether something is worth buying/investing in, not whether it’s something they can personally afford. To read more about this mental trick – and to see what the other five are – CLICK HERE.