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Have you been following some old “sage” advice and not gotten anywhere, or may have gotten into more financial trouble? No, not advice from FFL, but from a time when this advice was sound, but times have changed and it is now outdated and even detrimental and can keep you from growing financially.
You know investing is important and that paying off debt is too. But which should you do first, invest or pay off debt?
Want to earn 10% or more on your money? Become a hard money lender! Typically you need at least $50,000 per loan. Oh, and you’ll have to find borrowers, vet the deals, hire an attorney to review the documents, and so on.
Invest in used boats?
There are lots of funds; emergency funds, sinking funds, mutual funds. You’ve probably heard of those, but maybe you’re unfamiliar with an opportunity fund. We’ll tell you why you need an opportunity fund.