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Books that have helped us on our Financial Independence Journey
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A Random Walk Down Wall Street:
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Building Wealth One House at a Time:
Rich Dad Poor Dad:
The Total Money Makeover:
The $100 Startup:
Freakonomics:
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Our Rich Journey – If you’ve been following our journey, you know that we purchased a property in Portugal with a large piece of land in the back. We have big plans for the land (that we’re beginning to start now!), which we think will be very lucrative! With that in mind, we decided to do a video on investing in land! We think investing in land presents huge opportunities for building wealth. So, in this video, we focus on six different creative ways that you can invest in land and monetize that land in the process!
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Financial Norms Destroying Your Wealth – We Broke Them to Retire at 39 As Millionaires:
Our Top ETF Investments for Dividend Income and High Returns to Retire Early:
Investing in Index Funds for Beginners | Tips & Advice From Millionaire Investors:
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As always the royal family has spoken wisdom.
For those with limited capital own shares until you can buy: Gladstone Capital REIT: LAND
Great video, as always! Re: campsites – make sure to check with local (county, town, etc) regulations to see if camping sites are actually allowed in that area.
Great video on a topic that is forgotten about
You never really own land, you pay property taxes on it and when you dont pay those taxes, the goverment comes and takes it. With property taxes going thru the roof, be wary.
Sometime big trucks such as power company trucks rent lots to put their trucks on so the workers will have somewhere to go in the area to sit and wait in cases such as power outages in the neighborhood.
Hy guys,just found your channel and i want to say i love and respect you both very much .You help so many people to get educated and make the transition towards financial freedom.I m also studying about financial markets and i want to tell you a heads up about the upcoming events i belive it s about to happen.So my prediction is that after this few months of rally from the stock market a recession will come and all the markets will suffer greatly and it may take a few months or 1 2 years this bear market.So be careful and take this scenario into account for your portfolio and prepare for this and know when to layer out and also when to get back in and capitalize off of this crash!Love you and keep it up!Cheers
Watching from Japan and that’s what we did for years, renting land for farming for 5000¥ from April-Nov. We bought a house last yr and now discussing if we should continue or not seeing that we have 82 tsubo of land. I hope you guys know how much you’re helping folks. ありがとうございました
hmm…It's funny, I have asked myself that question as well. A lot is talked about real estate, home ownership, as a way to grow your financial future however (outside of you, of course) not a lot is said about land ownership and the potential income you can have because of a plot of land. I wanted to do it a long time ago but I didnt have a plan of what I wanted to do on that land. There was a Wall Street Journal story done about a lumber farmer that lost a lot of money because of high lumber prices, (it cost more to process than to grow) he then lease about 200 acres during that time, also about a few months ago CNBC Youtube did a story about Bill's land ownership and I was curious. I started looking in my state of Florida to see what land is available for purchase; in fact, in my county of Okaloosa a lot of small businesses have been developed, based around land ownership. Later next month I am going to look at land in a Midwest state. As always, please please please, keep up the good work.
I was just looking into this very thing. It's like you guys read my mind. My thought was to buy a piece of land now and re-sell it to a developer in the future for a profit.
Checking in from the DMV.
If you have other people using your land , don't you have to carry some pretty hefty insurance in case someone gets hurt?
Hi @Our Rich Journey… something that wasn’t talked about I believe is the zoning for the land. Cities can change the zoning but they have zoning maps online and the uses that each zone is allowed for. That is very important, I’m an Architectural designer and there have been stories of people buying pieces of land where they can’t use it for the intent they wanted to use it for.
Investing in undeveloped land is good if you have a plan for the land, if the land goes up I'm value fast enough that it's worth investing in it, or you are comfortable paying the taxes on it. Holding land for inheritance is a good deal, just as long as those who inherit it also think the same way. Otherwise the investment from one generation could be blown on trips and shoes by the next generation because someone can't be bothered to maintain the land.
We've been searching for land to buy. Can you do a video on how to obtain a land loan?
Closing on our land this week! 😍. Love your videos!
Thanks for this awesome video!
RV storage. In Southern CA it’s no less than $250 per month.
I really like the campground idea. If you can plop down a few amenities, like a building that has toilets and a shower and an antenna for wifi, you could appeal to the vanlife set, especially if you’re within a few miles of, say, an Amazon warehouse. Sort of like WeWork for nomad workers.
I would buy some land and start a veggie patch , food for the family and food to sell to the public 😊
Great video, but what about the costs to insure the land, taxes and maintenance?
Love your videos, keep them coming…
Hey Peeps! Great video and thank you for the information. As usual it was filled with nuggets of goodness. Have a great rest of the day and an excellent week.
The simplest way is actually plant trees for logging; eucaliptus mature in 7 years.. but sells well.
I am purchasing land this year to live. I'm thinking I can buy a little extra for one of these great ideas.
A land is a good investment, thanks for this.