Buy These 5 Assets To Get Rich In 2025

"I have made a lot of money in cryptocurrency I've been investing in cryptocurrency since before it was popular I started investing in crypto back when Bitcoin was around $335 a coin well I have seen the rise but I also know that Bitcoin falls cryptocurrency falls just as fast yes there's value in Bitcoin yes there's value in blockchain I understand that that's why I have invested in it over the years but I also understand there's a lot of risk involved as well"

"Well if you're living in Miami if you're living in California if you're living in New York yeah it's not going to be possible but there are many states and many cities around the country where you can find these types of deals in fact my office is in downtown Detroit in southeast Michigan which is a beautiful area by the way you can find these types of deals all day and night long so you find a property for $200,000 that you're now going to rent up for $2,100 a month"

"so you find a property for $200,000 that you're now going to rent up for $2,100 a month it's a nice property this family is happy that they get to live in your property because you're giving them the value of a home they pay you rent and now you get to pay for the expenses"

"so now let's run through some numbers $2,100 a month in rent time 12 months a year is $25,200 a year in gross income now you got to subtract your expenses that's property taxes Insurance maintenance management fees and your vacancy cost so let's assume that that costs you around $111,000 a year to main this rain this property and I'm going to assume for the purposes of this video video that just brought this property cash without a debt because we're going to just keep this very simple for the purpose of this example that means your profit at the end of the year after paying for all of your expenses is about $14,200 a year but now let's do a little bit more math to see if this is actually a good investment or a bad investment for you you're making $14,200 a year you put in $200,000 so if you take $14,200 and you divide this by $200,000 what this tells you is you're making about 7.1% a year in cash in return on your investment"

"for me this is a good return I'm looking for a minimum of a 7% cash on cash return on my money I want to invest my money in an area which I believe is growing where I believe rental barriers are going to rise I don't really care about property appreciation I don't like trying to guess that maybe this property is going to be worth $300,000 in 3 years that's not the game that I'm playing when I invest in real estate this is what I'm looking for this is what I'm looking for I want to see how much money do I have to invest today and how much cash flow am I going to get each year for my investment"

"the gold would have more buying power than the cash so I look at it as a way to save hard money and we know that gold has been a currency since the beginning of time essentially and so it has been a universal money around the world and so for me it is like that type of insurance a doomsday insurance and a way to save hard money"

"for me my speculative Investments are about 16 to 18% of my total Investment Portfolio so it's not a huge piece of my portfolio and I didn't start putting much money into my speculative Investments until I had established the hard assets and my paper assets my real estate and my stocks those were the things I put most of my emphasis in and as I started to build more wealth there then I started investing a little bit of money into speculative assets but you got to understand how it plays a part in your portfolio if you're just getting started maybe 10% of your portfolio in speculative assets maybe 12% but as you start to build more wealth then you can consider putting more money into these"

"the point that I'm trying to get to is the way that you build wealth is by owning these Investments owning real estate owning stocks owning some speculative assets owning some protection assets but you got to have money to invest into those things and maybe you have a job right now which is great but you can also look for additional ways to create new incomes that we have our money to keep investing"

"I mean you can start a business for $500 and maybe a gross to a $10,000 a year in income or $100,000 a year in income or million dollars year in income there's really no limit"

"I started minority mindset with an investment of less than $500 I know it was a lot less than $500 but I like to save $500 just so I have a big enough cushion to cover everything but I started minority mindset with a $25 or $35 tripod a25 $35 light and that was it and then slowly we started to grow we started to make some money to use that money to start briefs media we started to hire employees we started to get better softwares and better things that we doing but it all started with a smaller investment which then created a new incom producing asset a new income producing business"