7 Life Hacks For Men
1. Invest Your Money
Do you want to be a multi-millionaire? Obviously.
It only takes a bit of discipline and you don’t need a huge income. Let’s take Investor Jimmy as an example.
Investor Jimmy does not make a lot of money. Investor Jimmy earns an average of $40,000 a year over the course of his professional career. He didn’t own a penny when he was 25, but decided to invest 10% of each paycheck.
Jimmy invests $400 every month–just 10% his salary. He earns an average 8% return on his investment over 40 years (that is the average S&P 500 for the last 60 years).
Do you want to guess the amount Jimmy will have at 65 years old?
You’re not seeing anything.
Jimmy, an investor, has more than $1.2M in his account. But he’s never earned six figures. And he’s never made a half of a six figure salary.
The trick to investing early is practicing patience. But so few people do it. What’s the reason?
Because the person doesn’t recognize themselves as they were 40, 50 or 60 years ago.
Do not make the same mistake.
You’ll get old if you’re lucky. When you’re rich and old, thank us.
We all know that investing is important. But what should we invest our money in?
Low-cost index funds are the easiest investment to make ( These guys explain it much better than we).
Every investment portfolio should include what is called diversity. You may be lucky or you could lose it all.
Diversification can help you achieve a steady rate of return. Since you are building slowly, you do not need to make huge gains. You just need steady growth.
Stocks can be a good investment. Also, bonds are a safe investment.
Real estate is another common investment that you may have heard about but not known how to start.
We all know that property costs are increasing every year. What do you do when you don’t even have $600k?
A real estate investment trust or REIT is a way to invest with as little as $500.
DiversyFund pooled your investment with other investors to buy properties throughout the country. The current fund is based on a term-based investment, which means that your investment will increase every five years.
However, there is a downside. After investing in a particular project, your money cannot be moved until DiversyFund begins selling the properties.
DiversyFund, as part of a larger investment portfolio, offers a passive, easy way to invest now in institutional-grade property, something that most regular investors never had the opportunity to do.
Nope, you’re not seeing things.
Investor Jimmy has over $1.2M to his name. And he never made six-figures. He never made half of a six-figure salary.
Investing early and practicing patience is a tremendous hack, but so few people use it. Why?
Because they don’t see their 40, 50, 60-year old self as the same person.
Don’t make the same mistake.
If you’re lucky, you’ll be old one day. And when you’re old and rich, come back and thank us.
So we know investing is important, but what should we invest in?
The simplest investment you can make is in low-cost index funds (these guys explain it better than we can).
But every investment portfolio should have what’s called diversification. So while you might think it’s a great idea to spend all your money on Tesla stock, you may get lucky, but you may lose everything.
Diversification allows for a steadier rate of return. Again, you’re building over time, so you don’t need huge gains. Just steady growth.
Stocks are a common investment. Bonds are safe investments, too.
Another common investment you probably hear a lot about, but may not know how to begin is real estate.
Sure, we know property costs go up every year. But what do you do if you don’t have $600k to spend?
DiversyFund allows you to invest in a fully managed portfolio of apartment buildings without spending a huge sum. You can invest as little as $500 in what’s called a REIT, or real estate investment trust.
DiversyFund pools your investment with others to buy properties all over the country. Their current fund is term-based, so your investment will appreciate every five years.
There is one downside, though. Once you’ve invested in a project, you aren’t able to move your money until the fund reaches maturity and DiversyFund starts selling the properties.
As part of a larger portfolio, DiversyFund offers an easy, passive way to invest in institutional-grade real estate now, which is something most regular investors have never had the option to do.
You’re not seeing anything.
Jimmy, an investor, has more than $1.2M in his account. He never earned six figures. He did not make even half of a six-figure income.
It is amazing how few people actually use this hack. Why?
They don’t recognize themselves as they were in their 40s, 50s, or 60s.
Do not make the same mistakes.
You’ll get old one day if you’re fortunate. When you are rich and old, please come back to us and say thank you.
What should we invest in, then?
Low-cost index funds are the easiest investment to make (these guys can explain it better than us).
Every investment portfolio should include diversification. You may think that it is a good idea to invest all of your money in Tesla stock. However, you could lose everything.
Diversification can lead to a more steady rate of return. You’re building slowly, so it’s not necessary to have huge profits. Just steadily growing.
Stocks are an investment that is common. Bonds can be a safe investment.
Real estate is another common investment that you may have heard about but not been sure how to start.
We all know that property costs increase every year. What if you have less than $600k?
DiversyFund lets you invest in apartment buildings that are fully managed without having to spend a lot of money. As little as $500 can be invested in a REIT or real-estate investment trust.
DiversyFund pooled your investment with other investors to purchase properties throughout the country. The current fund is based on a term basis, which means that your investment will increase every five years.
However, there is a downside. You can’t move your money once you invest in a project until the fund matures and DiversyFund begins selling the properties.
DiversyFund, as part of a broader portfolio, offers a simple, passive way for regular investors to invest now in high-quality real estate, something that most have not had the opportunity to do.
2. You Must Pay Yourself Before Anyone Else
How can you get started?
The Richest Man in Babylon is one of the best books for building wealth and personal finance. It was written by George S. Clason. The parables of this book, written in 1926 are as relevant today as when it was first published (and 4000 years ago).
The book suggests that you should pay yourself first.
What does this mean?
Take a percentage of your pay and put it away.
The Total Money Makeover offers a few strategies for diversification that have consistently produced results over the last several decades.
Jimmy saved 10% on every 40k/year salary and was a millionaire when he retired.
What if he had saved just 5% extra?
Jimmy ends up with over half a mil dollars in profit over the years by adding five extra percentage points.
Regular savings is the best way to build wealth and control your finances.
You won’t need to worry about saving or investing when your paycheck is deposited in your account.
This guide will help you automate your savings.
