Like most things in life, retiring wealthy is hard — not because people don’t know how to do it, but because people are not willing to do the things it takes to retire wealthy. Most of us understand that in order to have money, you have to save money and invest your money. However, the vast majority of Americans either don’t save at all or don’t save enough. The reason is simple: delayed gratification.
Archer Investors is a commercial real estate investment firm that helps people invest their money in commercial properties with a “hands off” management approach, meaning you only provide the investment capital while we do the rest. We do this through 1031 Exchanges and DSTs (Delaware Statutory Trusts) to help investors save on capital gains tax. Our real estate investment strategy can help you with your diversified portfolio. Below, we’ll go over a few tips that you can use to help you retire wealthy. Contact us for real estate investment opportunities today!
TIPS TO RETIRE WEALTHY
In order to build wealth, you have to start, and the sooner the better. Due to compound interest, where money builds upon itself over time, the sooner you start saving, the faster and the higher your money will grow. Compound interest uses the principle of the time value of money, which states that money you have now is worth more than in the future because of inflation, taxes, and the fact that you can invest it today to earn more in the future. If you don’t invest it, you will have suffered the opportunity cost of not having done so, or the cost of those gains you would have made if you would have invested.
Suffice it to say, all you truly need to understand is that the more you save earlier on in life, the wealthier you will be. However, you can theoretically make up for lost time by choosing investments that offer a higher rate of return. That said, with a higher rate of return comes more risk of losing the money you already have — and most of the time this simply is not worth it.
Have a Plan
Haphazardly saving money and throwing a bit at some stocks every now and then will not help you to build wealth. You need to have a plan for your money. One of the best things you can do is partner with a great financial planner who can sit down with you and help you figure out how much money you will need to retire and devise an investment strategy to get there. Hopefully, this investment strategy is full of well-diversified investments, including real estate investment opportunities such as those offered by Archer Investors. We offer commercial property investments usually through 1031 Exchanges and DSTs with a “hands off” management style.
WHY CHOOSE ARCHER INVESTORS
The key to retiring wealthy is to actually implement the above tips. For most of us, we don’t want to give up our daily cup of coffee from our favorite coffee shop or cut back on our entertainment expenses in order to save the money we need to be wealthy. Archer Investors cannot argue against this reasoning. After all, you don’t know how long you will live, and there is something to be said for enjoying life in the moment and now, especially while you are young. However, the majority of us will live into retirement age, and that’s why investing, especially with a property investment strategy, is so crucial. If you are interested in our real estate investment opportunities, reach out to our team today to get started!