FOUR PILLARS OF WEALTH BUILDING

A solid foundation of wealth can provide true freedom for you and your family for generations. Such a foundation should be built on the four pillars of real estate, stocks, precious metals and crypto currency.

When it comes to real estate, there are several opportunities such as real estate investment trust, rental properties, commercial properties and flipping houses. There have been more millionaires created in real estate than in any other venture. That being the case, many people may choose to simply own their own home and that is fine so long as the other pillars are strong.

One's stock holdings should include a mix of conservative and aggressive investments. A good portion of the stocks should be in blue chip companies that pay a healthy dividend. Always choose to reinvest those dividends. Another portion of your investment can be in start up companies usually found in penny stocks. There are services that constantly review penny stocks and select those that have top potential. Usually there is a subscription fee charged for these services but one winner in penny stocks will off set several losers and can lead to substantial wealth. The remaining funds apportioned for stock investment should be placed with up and coming companies that are well established and growing rapidly. These are usually easy to spot for they are frequently getting news coverage and are involved in growing industries such as robotics, artificial intelligence and clean energy.

Everyone should own precious metals as a conservative means of preserving wealth. One method is to purchase stock in mining companies which have the potential to increase profits buy finding a good vein or pocket to mine and through increased value of the metals. Also precious metal certificates can be purchased with the actual metals being held in secure vaults. Another way is to take physical possession of metals by ordering bars and coins or by simply going to a local coin shop and purchasing with cash. I prefer the latter option and like to purchase junk silver coins which may be quite worn but contain 50 - 70 percent silver. This is the least expensive way to own silver. When it comes to gold, I like one ounce coins and look for proofs which have an additional value over the metal price.

The crypto world can be quite confusing as it is new and evolving . In short one may want to have a large portion in the well established coins such as bitcoin, etherium and dash. It is also good to purchase lesser known tokens that are established with the exchanges and have some history of growth while showing potential for further growth. One has to look at the function or purpose for the token to see what kind of future it may hold. The higher risk area includes ICOs and new altcoins that have just been placed on one or more exchanges. Again one needs to learn the purpose of the coin such as what problem is it going to solve or what market will it serve. It is important to do some research on each coin such as: read the white paper, study the company's website and read about the founders. As with penny stocks, these new altcoins can be real winners or may completely vanish. Last but not least, many platforms and services are popping up that combine their participants' investments in order to earn profits from bot trading and mining. The investors share in the profits and are typically paid interest on a daily basis. The interest rate can vary from under 1 percent to over 10 percent daily. They have the potential to generate great wealth and also the possibility of suddenly shutting down. I like to test these opportunities first with a small amount and withdraw my initial investment fairly soon thus limiting the risk.

Like they say, "don't put all of your eggs in one basket".
By filling four large baskets, one can be sure of having and retaining solid wealth.