The Minority Mindset Show 5 Investments You NEED To Own For LIFE
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Apr 17, 2025 Explore the essential investments that can secure your financial future for life. Learn why residential real estate tops the list for generational wealth and how a balanced approach to the stock market ensures steady growth. Discover the protective power of a small allocation in gold and crypto during economic downturns. Find out how commodities like water and farmland contribute to future security. Plus, strategies for building wealth while maintaining peace of mind amid uncertainties.
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Buy Residential Real Estate For Life
- Invest in residential real estate where people live, like homes or apartments, to generate consistent rental income.
- Avoid malls and office spaces due to changing shopping habits and remote work trends.
Real Estate Depreciation Longevity
- Depreciation deductions differ: residential properties depreciate over 27.5 years, commercial over 39 years.
- After these periods, you lose tax breaks and might pay more taxes, influencing when to sell.
Stepped-Up Basis Benefit
- Holding real estate for life benefits from stepped-up basis, allowing heirs to inherit at current market value for tax purposes.
- This avoids capital gains taxes on appreciated property when passed on after death.