Updated April 29, 2026. My family has been living in Colombia, South America for ten years in December. In October 2016 we visited Medellín, Colombia. I have to say, without a doubt, that Medellín is one of the most gorgeous places I have ever visited. I would go so far as to say that one of the best destinations in South America is beautiful Medellín. In fact, I would actually put Medellín on the short list of places to live and visit in the future.
I know that many of my friends are from the USA. So, when you hear the word Medellín you might immediately think of a dangerous city, cocaine and the Pablo Escobar drug wars of the 1980’s and 90’s and probably you think to yourself, “Why on Earth would anyone be crazy enough to go there?” So let me tell you a secret that many people don’t know.
Experience ‘The City of Eternal Spring’
I honestly believe that one of your best destinations in South America is beautiful Medellín. Below are several great reasons why you should experience ‘The City of Eternal Spring’ at least once in your lifetime.
Top Five City In The World To Visit
In 2022, Medellín has been named by Time Out as one of the top five cities in the world to visit.
Business Owners Working Together
The business owners of Medellín have been very resilient and worked together to move the city forward and create a conducive environment for entrepreneurship and it shows. The government has leant a very heavy hand to see that entrepreneurs, startups, and existing businesses alike are well funded and well facilitated.
Experience The Best Year Round Weather
The nickname of ‘The City of Eternal Spring’ is unexpectedly accurate. The average year-round temperatures of around 22°C (72°F) and daily highs of approximately 30°C (86°F), meaning that the climate is about as good as it gets. Needless to say, it does rain a fair amount because Medellín is in a tropical country, but it rarely gets cold. If you like the spring, you will probably think you’ve gone to heaven.
Beautiful Views & Stunning Landscapes
Medellín is surrounded by natural beauty. The city is located in a bowl in the Andes mountains, meaning that wherever you go in the city you are basically guaranteed a view of mountains and stunning landscapes. In addition, the city itself is home to some lovely parks and gardens and miles of hiking trails. Medellin is an innovative urban space combining home with beautiful nature at the same time. I truly believe that the best destination in South America is beautiful Medellín!
Incredibly Welcoming People
The people are incredibly welcoming and the pleasant atmosphere is contagious. In Medellín, people smile on the street and you get the sense that people are genuinely very happy to see you there and even strike up a random conversations (whether your speak Spanish or not).
The Coffee Is Delicious
Great coffee. If you love coffee you have come to the right place. I was never a coffee drinker, but after moving to Colombia I have fallen in love with the 100% Colombian Vanilla Cappuccino. What’s more, Colombia is the third largest producer of coffee in the world. It seems that the Colombian coffee region is blessed with an optimal altitude and climate, a hand-picked harvesting process perfected over generations, and some of the finest Arabica beans in the world.
Excellent Food & Restaurants
Wonderful food and exotic fruits. As many of you know, I love food and the food here is delicious. You can enjoy grilled meats, fish, seafood, and amazing vegetables. Colombian food is a mix of the regions within Colombia. Consequently, the Colombian cruisine has its roots in the country’s indigenous people, as well as in the Spanish and African cultures that were brought over by colonialism. Over time, these influences have blended together to create a unique and flavorful cuisine that is loved by locals and visitors alike. What’s more, the two best Medellín neighborhoods of El Poblado and Laureles are full of excellent restaurants.
Medellín at Night. Photo credit: Unsplash.
Innovative Transportation
The transportation in Medellín is innovative and has an extensive public transport network which includes the Medellín Metro and the Metrocable cable car system. It probably helps that Bogota (the capital of Colombia and a real rival of Medellín) doesn’t have a metro system yet. For this reason, it just seems that Medellín is very well organized in the big things as well as the small things.
Awesome Exchange Rate For The US Dollar
USA dollars go a long way due to the conversion rate. Traveling and living in Colombia is inexpensive. Forget about the high cost of healthcare, housing, and food that everyone takes for granted in the USA. For instance, a visit to the doctor here would cost you $50,000 COP (Colombian Peso) or around $10 USD.
The Lifestyle For The Price Is Hard To Beat
Medellín is great value for money. In addition, it also helps that many of the most popular tourist attractions, such as Parque Botero, the Botanical Gardens and the Metrocable, are either free or very cheap. To give you an idea, a 3-week trip to Medellín would cost you somewhere in the ballpark between $1,000 to $3,000 USD depending on your taste and amenities. This includes transportation between destinations, entry fees, accommodations, and meals. You asked about the lifestyle of Medellín? Unquestionably, in Medellín you enjoy a good quality of life at a great cost of living.
I genuinely believe that the best destination in South America is beautiful Medellín!
Check Out The Two Great Blogs Below:
Become A High Net Worth Individual
I would like to share with you one of the people that I have been following now for a few years. His name is Andrew Hendersen and he is the founder of Nomad Capitalist. After many years of experience as a global businessman, Andrew offers his expert advice to successful entrepreneurs and investors on ways to reduce their tax bill, grow wealth overseas, and become global citizens. Hence, he believes that the world has changed forever and says it’s time for you to “go where you’re treated best.” Please check out the YouTube video How To Become an Ultra High-Net Worth Individual.
Best Real Estate Strategies To Make 7 Figures
As many of you know, my passion is real estate investment. 90% of all millionaires did it through owning real estate. The goal and dream for many real estate investors is to earn $1 million dollars a year. Your goal: find the best real estate strategies to make 7 figures. The question is: is this possible?
I can tell you without a doubt, that it is possible, and I have seen people do it. For example, Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate. As a result, I can saw that real estate is one of the best ways to seek wealth through investing and achieve financial freedom. Please read about the details in my blog: Best Real Estate Strategies To Make 7 Figures. Most importantly, always remember that you are just one deal away!
Verses For Wisdom & Guidance
Psalm 128:2 NLT. 2 You will enjoy the fruit of your labor. How joyful and prosperous you will be!
Matthew 7:8 NLT. For everyone who asks, receives. Everyone who seeks, finds. And everyone who knocks, the door will be opened.
Have a great day!
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
Real estate syndication could be one of your most lucrative moves. Photo credit: Unsplash
Updated April 29, 2026. Are you interested in the great benefits of real estate syndication? As you may know, investing in residential real estate may be one of the most lucrative moves you could make. Our passion is to help you to actively and passively invest in apartments and hotels. Usually the next question is how do you go about doing it.
Many times investors have been buying, improving, and maintaining real estate with their own funds. These investors want to scale their buying of real estate, but their own funds have been exhausted. These investors realize that they can only scale if they have partners. This is where syndication can help these investors to continue to grow their wealth in real estate. Therefore, let’s take a look at the specific details of the great benefits of real estate syndication.
What Are The Benefits Of Syndication?
Definition: Real estate syndication, property syndication, or real estate partnership are alliances that are made between several investors with the common goal of making a real estate investment in properties such as apartment complexes or hotels.
Two Main Parties Involved In Real Estate Syndication
The Sponsor: The person or company with sweat equities, also known as the syndicator.
The Investor: You and your partners contributing the money and are known as limited partners.
Real Estate Syndication & The U.S. SEC
Real estate syndication is an investment contract between you and the syndicator. The syndicator collects the investor’s funds and performs real estate work such as buying, improving, and maintaining the property. As a result, it becomes a “security” as determined by the U.S. Securities and Exchange Commission (SEC).
Please refer to SEC Rule 501 under Regulation D to attain more information.
Accredited Investor Criteria
An individual must meet at least one requirement related to income or net worth.
Annual income: If you have an individual annual income of at least $200,000 USD or $300,000 USD with a spouse for the last two years and expect to earn the same amount or more in the current year.
New worth: If you have a net worth exceeding $1 million. The $1 million plus is without including the value of your primary residence.
Take Action With Syndications
Many real estate investors have heard of syndication, but they don’t know how to structure a deal. Syndications can be tricky. The time to build a network of investors, partners, and having boots on the ground may seem daunting. That keeps a lot of people from pursuing the syndication route.
This is where mentorships come in handy. What if that mentor already had a real estate network that you could lean on to get a syndication deal done? But what if you could connect with a general partner who already had a mentor who is ready and willing to walk you through the process from start to finish.
A passive investor is one who does not participate in the day-to-day decisions of running a company. Basically, you let your money work for you, rather than you working for your money. As a result, you can sleep well knowing that your money is working for you. Furthermore, participating in real estate syndications will help each person achieve their financial freedom that much sooner.
Let us know if you are interested in the great benefits by becoming a passive investor through real estate syndication. Next time an awesome deal comes up we will reach out.
Investing In Real Estate During A Recession
Real estate investing during a recession can be a very wise move. Investment in properties can be an intelligent decision if your goal is to build long-term wealth and financial stability. As you have probably seen, the stock market and other traditional investment options are extremely volatile with excessive moves in either direction during times of the economic downturn. However, real estate has a history of holding its value and providing steady returns. Find out some of the key Benefits Of Investing In Real Estate During A Recession.
Profit From Substantial Inflation Ahead
Profit From Substantial Inflation Ahead. Let’s take a look at how to profit from the substantial inflation that is already starting to happen. The US government has been printing massive amounts of new money. On January 6, 2020, the US Federal Reserve had around $4 trillion dollars. On January 4, 2021, the number increased to $6.7 trillion dollars. As a result, as of 2021, over 40% of US dollars were printed in the last 12 months.
A Bible Verse From Psalms
Psalm 128:2 NLT
2 You will enjoy the fruit of your labor. How joyful and prosperous you will be!
Have a great day!
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
Unlimited Wealth: The Spirit Of Ecstasy. Photo credit: Unsplash and Anders Nord.
Updated April 29, 2026. Can you imagine life if you had a huge amount of money sitting in your bank account? $1 million dollars. $5 million dollars. $10 million dollars. $50 million dollars. $100 million dollars. Can you imagine if you were a billionaire? Names like Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg, Larry Ellison, Warren Buffett, Oprah Winfrey, and Sara Blakely come to mind. These names have achieved what many people would like to accomplish financially. The goal these people have achieved is to build unlimited wealth with money’s untold truth.
Then there is you. Perhaps you are working a job with the degree you have. There is a big possibility that you don’t have a lot of savings and that the world feels like it is ready to crumble from the high cost of living expenses you deal with every day because you feel you are not paid enough. Or maybe you are a student working hard to get a degree and you are concerned about the future and turning your knowledge into money. The question is this: by what means do people build unlimited wealth with money’s untold truth?
Getting wealthy and rich seems like a far off dream. You ask yourself, how did it get this way? How did they do it? Am I really that unlucky? Is this really a rigged game I am playing?
Financial Literacy In School
The goal is to build unlimited wealth with money’s untold truth. But first we need to understand how many people have arrived at this mindset in the first place. For a moment, let’s look at the past. Let me ask you a question. Does anyone remember a class called Personal Finance 101? I sure don’t. It didn’t exist. What is more amazing is that it still does not exist today.
Why Isn’t Money And Finance Taught In School?
Financial journalist Dan Kadlec points out several reasons why finance is not taught in schools:
Only one in five teachers feel qualified to lead a personal finance class.
There isn’t a strong agreement as to which finance concepts would be taught.
Personal finance is not part of the ACT or SAT exams.
Education advocate Geoffrey Canada wants to help a greater number of kids to excel. He dares the education system to look at the data of our schools that have failed in teaching personal finance and asks why it looks very similar to the way it was 50 years ago.
It is hard to pinpoint the real reason that personal finance is not taught in schools. However, this is a topic for another blog. But suffice it to say that many people believe that financial education is the responsibility of the parents. Nevertheless, in a 2012 study, 80% of U.S. adults said that they could use help with financial questions.
It seems that the adults are not that savvy either with their personal finances. So why would we expect the younger generation to have more knowledge than their parents? Obviously, we shouldn’t. Instead, we should be asking the question of how to build unlimited wealth with money’s untold truth.
The Taboo Topic of Money’s Untold Truth
As children, we’re taught to never discuss our personal finances. Money is a private issue – a taboo topic. You don’t discuss your income, your investments, or your savings. Never talk about money. Sadly, this is a common view.
This is why kids know absolutely nothing about their parents’ financial situation. As a result, this leads to adults who know nothing about finances in general and that’s where most people stop.
Honestly, that’s where most people are right now. They’re struggling to make it, afraid to ask for help. When instead, the right solution is to build unlimited wealth with money’s untold truth.
Personal Finance Skills Are Essential
Finances are understandably one of the major causes of stress for adults. Everyone can relate to this stress; even the wealthiest people have felt financial pains at one time or another. Debt and/or a lack of savings can cause considerable hardship on a person’s life. And it doesn’t just cause daily stress. Financial problems can lead to divorce, poor health, depression, and bankruptcy.
Having personal financial skills is one of the most important things you can do to live a happy, healthy, and secure future. Your level of understanding around the fundamentals of budgeting, saving, debt, and investing will impact every part of your life and can mean the difference between poverty and prosperity. This sounds drastic, but without understanding money’s untold truth, this could be reality.
An Equation for Unlimited Wealth
However, what if I told you that you were wrong. What if there is a way to do it. What if I told you that there is actually an equation for wealth. How would you feel then?
What if I told you that you could hold onto your dreams of obtaining wealth and living the lifestyle you have always imagined where all the world is yours for the taking. Then using this equation you could make them into reality and build unlimited wealth with money’s untold truth.
Be Rid Of False Beliefs
However, there is a flip side to the coin that you have never looked at. Know that the equation for wealth is real. We are about to be entrepreneurs. Be prepared to change the way that you see money in your life.
Yet be warned, the struggles you will have to overcome are also real. Unfortunately, the truth is that many people will not make it to the other side and the unlimited wealth that awaits them.
The media and Hollywood have always depicted the wealthy as evil and corrupt. Undoubtedly they say that the more evil and corrupt a person is, the more money you make. The question is: is this the stereotype that you believe in? If we want to start building wealth we have to have the millionaire mindset and get mentally set to build unlimited wealth with money’s untold truth.
The First Challenge: Millionaire Mindset
The biggest problem that most of us face is not the lack of ideas or the knowledge. It is the lack of the will to follow through and the heart to never quit no matter how hard it gets. I am talking about how to build unlimited wealth with money’s untold truth. So, I call this the millionaire mindset – the absolute ability to do whatever it takes till you reach your goal.
99% Fail Rate
The fact of the matter is, everyone wants to make millions but 99% stop even before starting once they realize the amount of hard work, dedication, focus, and persistence that is needed to become the person you want to become. If you are one of the very few who always asks, “how do I become a millionaire?” and if you are ready to overcome whatever obstacles get in your way, 50% of the challenge has already been overcome.
Yes, I get it. You want to be a millionaire. Everyone does. But have you thought why 99% of people fail in doing whatever it takes to become one? Why is it that only some people have the ability to take massive action, put in the sleepless nights and never give up? What is the difference? It is not that they have special abilities or were gifted. So what is their secret?
Most Self-Made Millionaires know the answer to the holy grail – “The Why.” They are ready to build unlimited wealth with money’s untold truth no matter what. To achieve greatness, The Why has two key factors that you need to have in your mindset:
The ability to look at failure as a result and not as the end
How to overcome excuses
Make the Promise to Never Quit
If you will never quit, you will never fail. Think about it. No matter what the end result is, look at it and access your situation. Then overcome any obstacles in your way to achieving your goals to being a self-made millionaire. Do this and you will increase your odds of achieving to at least 80% or 90% of doing what is needed to build unlimited wealth with money’s untold truth. Wealth-X World Ultra Report
The world’s ultra wealthy population have a net worth of $30 million or more. If we look at the 8th edition of the Wealth-X World Ultra Wealth Report the ultra wealthy grew by 9.5% in 2019 to 290,720 individuals worldwide. What is even more significant is that more than half of the world’s richest people are self-made and the other studies back up this conclusion of being self-made. The big ones: Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg, Warren Buffett, Oprah Winfrey, and Sara Blakely are all self-made billionaires.
Your Wealth Equation Is All Wrong
What is it that these people know? The secret is: unfortunately your wealth equation is all wrong. The truth is that most people believe that money equals the salary from a job. Consequently, the sole purpose for an education is to get a job. You might ask, is there a problem with this equation?
If you are reading this blog, I assume that your goal is to make as much money as possible in as short a time as possible. Is this your goal?
Money = Salary from a job
Is this your goal? If so, this mentality is WRONG. Why? Unfortunately, this is not how money works and you will never build unlimited wealth with money’s untold truth by using this mindset.
One Precious Resource: Time
Similarly, we have one precious resource and as the minutes, hours, days go by, there is no way to get them back. That precious resource that I am talking about is time.
In a regular job, the amount of money you earn is dependent on the amount of time you put in. Let’s calculate how long it would take you to earn $1 million dollars. If you make $25 days an hour and work 40 hours a week, it would take you more than 19 years to have $1 million dollars.
However, we just calculated your $1 million without subtracting taxes, sick days, or vacations. The reality is that you would have to live your whole life before you would ever see $1 million dollars. On top of that, the realization that you would have to live extremely frugally and most of that precious resource called time would be gone forever.
Again, you ask yourself the question, how is it that there are self-made millionaires and billionaires that are still young and didn’t have to wait?
The Truth About Money and Wealth
Here is the answer that we have been searching for: stop chasing money. For this reason, stop chasing money and realize that we are all paid in proportion to our perceived value. In essence, our perceived value is a direct correlation of how to build unlimited wealth with money’s untold truth.
The perceived value is the market and consumers of the economy. Who is the market? The market is you, your family, your friends, your neighbors, and your country.
Think about a market that many people love. Take professional sports for instance. In the U.S. the big three sports are baseball, football, and basketball. If you look at the top professional players in the U.S. they are paid millions of dollars to perform a sport that they love anyway.
Why are they paid that much money? The answer is the market. The market determines it will pay them millions of dollars because people love to watch the best people in the world play and then they want to spend money on going to games and buying merchandise. The result is that the market has a high demand for professional sports.
Work Ethics And Hard Work For Wealth?
Understand it is NOT about work ethics and how hard a person works. For instance, take this example. Who works harder? A construction worker or your tax accountant? Most people would probably say the construction worker works harder.
However, your tax accountant is paid more because that person has the knowledge to help you save money on taxes. Overall, the market has a higher demand for your tax accountant. Like it or not, the construction worker is perceived by the market as someone who can be easily replaced. Again, to summarize, it is not about work ethics, it is all about the perceived value and nothing more.
Getting a great job is not the right equation to quickly make millions or billions of dollars. But, it is possible to build unlimited wealth with money’s untold truth. Ask yourself the question, what is it about self-made ultra wealthy people that the market sees as having a high perceived value?
How To Build Unlimited Wealth …
If you want money, then solve problems. Think about this principle of money and solving problems. If you ponder this thought even further, you will realize that this is the holy grail for making money. If someone thinks of an idea to solve a problem it will create money. In short, the bigger the problem, the larger the payout.
This is the equation for wealth. Solve problems and you will build unlimited wealth with money’s untold truth. You will achieve your dreams of wealth and living a lifestyle of luxury. This secret is the untold truth about money. The answer is really that simple: solve problems and build unlimited wealth with money’s untold truth.
Look at the self-made billionaires. All of these people have solved enormous problems. If the problem is a million dollar problem, then the solution will make you millions. If it is a billion dollar problem, then the solution to that problem will make you billions of dollars.
Analysis of Unlimited Wealth: Jeff Bezos
The richest man in the world (at the moment) is Jeff Bezos, founder of Amazon. Overall, Bezos is excellent at finding the biggest problem imaginable and solving that problem. For Bezos the problem was getting his products into the hands of customers. As a result of this Amazon was born.
Amazon’s prices are cheaper, the delivery cost lower, etc. Jeff Bezos found a billion dollar problem and he solved that problem. As we know, he makes billions and billions of dollars from solving an immense problem of selling his products. Jeff Bezos is enormously rich because he found a way to build unlimited wealth with money’s untold truth.
Stop Chasing Money and Look for Problems
The paradox is to stop chasing money. Money is not what you should be looking for. Instead you should be looking for problems and even more importantly solutions to those problems. Continue asking yourself about big unsolvable problems that you can actually solve and then build unlimited wealth with money’s untold truth. Once you have identified a problem and you have a good solution to that problem, then start a business.
Open your senses. What are people saying they do not like? Listen to the market, it is filled with problems. But most importantly, find a problem that is worth solving and then pursue it vigorously.
Scalable Solutions
Investors will tell you that they love to put money into startups that are scalable, and ready to scale. But what does that really mean? In general, and simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets. Your solution to your problem needs to affect a magnitude of people.
Most consulting services, like marketing, are not scalable, since they must be delivered by experts. However, a software product is a classic example of a scalable solution, since it costs real money to build the first copy, but unlimited additional copies can be quickly cloned for almost no incremental cost.
Infinite Scalability
That goal is to build unlimited wealth with money’s untold truth. A system that scales well will be able to maintain or even increase its level of performance or efficiency even as it is tested by larger and larger operational demands. Linear scalability is when the cost of the next user is the same as the cost of the previous user. This means your system doesn’t have bottlenecks.
This is what people usually mean when they say “infinite scalability”. When people talk about scalability, or a system being able to scale, they’re usually referring to a graph that looks something like this:
Infinite Scalability. Photo credit: Udi Dahan
To demonstrate, the red graph indicates a system that does not scale well, the green graph indicates one that does. For example, the Y axis is Cost, Expense, or Money. The X axis is usually the number of users (for instance, internet-type companies). Ultimately, scalability is a cost-function that will tell us how much it will cost to have the system support a certain number of users.
Millionaire Money Behaviors
Finally, I would like to share with you the millionaire behaviors that are directly from The Millionaire Fastlane by MJ DeMarco. The behaviors below are the thoughts and behaviors that you need to have to achieve the millionaire mindset.
I recommend that you say out loud and repeat these time, education, money, and life perceptions daily until they become your reality. If you find that these behaviors are not yours currently, that will change. Add this strategy to your daily routine to build unlimited wealth with money’s untold truth.
Time, Education, Money, And Life Perceptions
Time Perception: Time is the most important asset I have, far exceeding money.
Money Perception: Money is everywhere, and it’s extremely abundant. It is a reflection of how many lives I have touched and reflects the value I have created.
Primary Income Source: I earn money via my business systems and investments.
Primary Wealth Accelerator: I make something from nothing. I give birth to assets and make them valuable to the marketplace. On other occasions, I take existing assets and add value to them.
Wealth Perception: Build business systems for cash flow and asset valuation.
Strategy: The more I help, the richer I become in time, money, and personal fulfillment.
Responsibility and disciple: Life is what I make of it. My financial plan is entirely my responsibility and I choose how I react to my circumstances.
Life Perception: My dreams are worth pursuing no matter how crazy they are, and I understand that it will take money to make some of these dreams into reality.
The Reward Of Unlimited Wealth
Now you have your profitable business running successfully. You see and feel the profit that your business generates. However, now you face a choice. You can sell the business and make a beautiful profit. Alternatively, you can continue running the business and build unlimited wealth with money’s untold truth.
Perhaps you think that you could add even more value to your solution and then sell for a greater price. Maybe this business runs passively and you don’t have to do much to keep it running. It’s also possible that you love running your business and you see yourself going on to achieve even more things in the future.
Live Your Wealthy Dream Of Freedom
Money is just paper with a number on it that people equate to value. This was never about the money. Let’s face it, it is all about the freedom that you were looking for. Now you have the ability to do whatever you want, whenever you want.
This is the dream of freedom that you were seeking all along. I challenge you to do it and have the courage, the belief, and the strength to make this your reality! When you do this, you will have completely conquered how to build unlimited wealth with money’s untold truth because now you know the secret to having a lifestyle of richness.
2 Chronicles 31:21 And every work that he undertook in the service of the house of God and in accordance with the law and the commandments, seeking his God, he did with all his heart, and prospered.
Acklowledgements
This blog was heavily inspired by the incredible writings of MJ DeMarco and the superb YouTube video The Untold About Money: How to Build Wealth From Nothing by James Jani. This blog is a condensed summary on how to build unlimited wealth. Please bookmark this blog: Build Unlimited Wealth With Money’s Untold Truth. It is very difficult to cover in detail all the topics that this blog includes. Nevertheless, I look forward to talking about the other closely related topics in future blogs.
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
Retire with a beautiful view. Photo credit: Unsplash. Thank you Alexandre Chambon @goodspleen
Updated April 29, 2026. Many of us dream of a beautiful house that is in a fantastic location, awesome vacations, and millions of dollars in the bank. Many people would like to become millionaires, but few know the steps it takes to reach this goal. Most self-made millionaires got there through hard work, disciplined saving habits, and investing wisely. If you want know how to be a millionaire by retirement, you are about to find out how to achieve it.
Most people would like to eventually retire and know that they have enough money to live comfortably in their retirement years. If you have already achieved the milestone of having accumulated $1 million dollars, congratulations! I invite you to continue reading this blog as a way to increase your wealth by focusing on developing multiple streams of income.
How Much Money For A Similar Lifestyle?
The big question that so many people have been asking is: how much money is needed to have the same lifestyle in retirement? If you try to research by looking online or talking to a retirement expert you will find that the answers vary widely.
Basically, this question of becoming a millionaire by retirement can be divided into two sub-categories. One: how much money is enough for retirement? Two: how to be a millionaire by retirement?
How Much Money Is Enough For Retirement
The 4% Rule
The widely accepted financial rule of 4% states that your savings should last for at least 30 years without exhausting their portfolio.
Many experts say that your retirement income should be around 80% of your pre-retirement salary. Suppose you make $100,000 a year at retirement. In this example, you would need at least $80,000 to have a comfortable lifestyle after you leave the workforce.
Of course, the $80,000 amount annually can be adjusted depending on your other sources of income, like Social Security, pensions, and other part-time employment. To have the $80,000 necessary, you would need a nest egg of about $2 million dollars. To calculate this using the 4% rule, simply take $80,000 and divide by 0.04. Also, keep in mind that this strategy assumes a 5% return on your investments.
If you are like many adults, you have probably thought of taking an early retirement at some time in your life. If you are thinking about an early retirement, is it possible to retire on $500,000? Let’s do the math. Using the widely accepted financial rule of 4%, the $500,000 will allow you to access $20,000 for 30 years.
If you have saved and invested your money wisely, the $500,000 would last you 30 years, assuming a 4% withdrawal strategy, for $20,000 a year. Say you live to be 85 years old if you are in good health. If you wait until age 55 this strategy could work.
Key Takeaways
If you retire on less than $1 million it could affect your quality of life.
Retiring before you reach 55 years will hinder you from your prime earning years that could potentially increase your Social Security benefits.
Ways To Become A Millionaire By Retirement
Would you like to retire and have the lifestyle that you already have, but you don’t have enough money to make it happen? In my opinion, $20,000 or even $40,000 is really not enough money to live on comfortably even if you live in a South America country. For instance, our family has been living for more than ten years in Colombia, South America, and the value of $20k to $40k is more or less equivalent to $80 to $100k in where we used to live in Charlotte, NC. The $80k to $100k in Charlotte, NC will pay your bills, but many people won’t have the vacation lifestyle that many are dreaming of.
Who wants to have financial stress in retirement? As we all know, people are living longer in the last century than they ever did before and we need to plan for this to happen as well. If you want to have more sources of income, I have researched some of the best ways that you can increase your cash and have the kind of retirement that we all dream of.
Money Rules To Help You Reach $1 Million
If you are motivated, then follow these rules of how to be a millionaire by retirement:
Become financially savvy. Learn as much as you can about money. Read websites and books about saving money, investing, generating multiple streams of income. Every piece of information will help to guide on your quest to become a millionaire.
Live like you are poorer than you are. Be careful and frugal about things you buy on a daily basis. Be humble and don’t show off to your friends or on social media. Live in a modest house. Make your meals at home. That way when you do go out to a restaurant you can really enjoy it and also do so on a modest budget.
Build an emergency fund. Start by saving a month’s worth of expenses. Then build toward having three to six months. Just be conscious and do not use this money for vacations. This fund can only be used for emergencies.
Manage your debt. The less debt you have the quicker you’ll be able save and not have to pay off credit cards and other monthly debt bills. If you have credit cards, many of these have high interest rates. Pay off these credit cards as rapidly as possible. Certain kinds of debt like a home mortgage are necessary and can help you move ahead long-term. The key is to find a house that fits within through budget.
Save daily. Each week contribute to a savings account or a 401(k) account. Try to save at least 20% of your after tax income each year.
Consider utilizing a conservative approach to value investing. If you think of the value stock market investors today, most likely you will think of Warren Buffett. Warren Buffett, chairman of Berkshire Hathaway, and Charlie Munger, vice chairman, are value investors that only invest in a handful of the best value stocks. Take an in-depth look at what many consider to be the best passive income investment stock: Berkshire Hathaway B shares (BRK.B). Warren Buffett and his team and his successors have purchased and are continuously investing in the best value stocks so that you don’t have to. On top of that, Berkshire Hathaway has an incredible record for the last 55 years of 20.3% annual compound interest! (link)
Earn more money. First try to maximize the money that you make in your day job. For instance, ask for a pay increase, work overtime, or consider switching jobs and finding a more lucrative position. Look for side hustles that you can do. This could be anything from driving for Uber or Lyft to selling things online.
Increase Your Wealth
If you are the type of person who realizes that just because you reach a certain age you really don’t want to retire. Maybe you have seen other people retire and watched them lose all their energy. If you are one of these people, chances are you said to yourself, I don’t ever want that to happen to me.
If this is the case, then probably you have an entrepreneurial spirit. Rather than watch your retirement wealth decrease, you see the opposite. You want to increase your wealth in retirement. At Financial Goodness, we are the same way. We are entrepreneurs at heart.
Owning your own business means that you directly reap the benefits of all the hard work that you have put in. When you work for someone else, working harder does not necessarily mean more money in your pocket. As a business owner, you also build equity in your business. You are calling the shots. Basically, you can work on the things that are important and add more to the bottom line and ignore everything else.
Finally, I would like to share with you the millionaire behaviors that are directly from The Millionaire Fastlane by MJ DeMarco. The ideas for starting a business that are listed below are the thoughts and behaviors that you need to have to achieve the millionaire mindset.
Ideas For Starting Your Our Business
Agency business models: flat-fee retainers to projects, performance-based pricing, and hybrids
The good news is this: after the COVID-19 coronavirus, the U.S. estimates that people working for themselves will increase to around 40%. What even better is that many of these ideas you can do from the comfort your computer in your home!
The Bottom Line For Success
Many of the steps to becoming a millionaire are not overly difficult. However, they do take hard work, discipline, time, and perseverance. But, it’s the emotional side that prevents many people from reaching the millionaire mark. Perhaps the most important two factors are time and perseverance. Without these two, new ideas and new businesses will struggle and possibly fail.
Make the decision to focus on your goal of how to be a millionaire by retirement and write down your plan of action. With your plan of action of the key steps you will have the confidence needed because you know exactly how to be a millionaire by retirement.
Then put in the work and you will be surprised at how your net worth grows over time from your multiple streams of income. Through the hard work, discipline, and through your preseverance you will be grateful at the end result you and your family have achieved.
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
US & Other Central Banks Printing Endlessly New Dollars. Photo credit: Unsplash.
Updated April 29, 2026. Let’s take a look at how to profit from the substantial inflation that is already starting to happen. The US government has been printing massive amounts of new money. On January 6, 2020, the US Federal Reserve had around $4 trillion dollars. On January 4, 2021, the number increased to $6.7 trillion dollars. As of 2021, over 40% of US dollars were printed in the last 12 months.
Viewing The US Federal Reserve Numbers
FRED M1 Money Stock, 2020. Photo credit: https://fred.stlouisfed.org/series/M1REAL
Updated June 22, 2022. Below is the same chart from updated to May 24, 2022:
FRED M1 Money Stock, updated May 24, 2022. https://fred.stlouisfed.org/series/M1REAL
Simultaneous News Hits At Same Time
This is what has happened in the United States. But, with the world reaching the end of the long-term debt cycle, and having the COVID-19 hitting at the same time, all countries are facing the same problem. Every government and every central bank, not just the US Federal Reserve but also the European Central Bank, the Bank of Japan, etc. As a result, it looks like inflation is their best business plan as they will profit from substantial inflation very soon.
Jake Tran did an interesting YouTube video titled, “Why Haven’t We Seen Hyperinflation?” He interviews Peter Schiff who points out that we have had an incredible surge in government spending. A lot of the spending has been related to COVID-19 and to the economic shutdown. Many people were no longer out there earning money and the governments have looked to replace some of that money with government stimulus money. There were no tax hikes, nor prioritization of government spending. So the governments had no choice but to ramp up the printing of new money – BRRRRRRRRRR…. The governments printed the new money and then put it into circulation through government programs.
No Historical Precedent
All the currency that has been created is hugely staggering. Jason Hartman, podcast host, says that we have never seen anything like this before. There is no historical precedent to what has now happened and it feels like we are in uncharted territory. However, with all the new money many people do not think this is a problem. Nevertheless, all this new currency has a distinct possibility of being highly inflationary as time passes. A look at the chart below you can see how high the deficit has reached.
Federal Deficit Trends Over Time 2000-2020. Photo credit: https://datalab.usaspending.gov/americas-finance-guide/deficit/trends/
So the question is, where is the inflation? Everyday goods like food and gas have not increased by 40% and other countries are seeing the equivalents in their price of goods. So what gives and where is the inflation?
Updated November 24, 2025. In the U.S., inflation is sat 3.0% for the 12 months ending in September 2025. This is a slight increase from the 2.9% in August, primarily driven by rising energy prices.
US economy saw stronger-than-expected job growth in September, but the unemployment rate rose. The Department of Labor released new figures for the week ending November 1 showing that the number of people receiving unemployment benefits hit a four-year high. In total, 1.8 million people were receiving unemployment benefits that week, an 18,000 increase from the prior week. Meanwhile, the number of initial jobless claims for the week ending on November 15 fell by 8,000 to 220,000. In addition, US home sales climbed in October to an eight-month high.
Updated September 18, 2024. The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an emphatic move amid a softening jobs picture.
Updated July 26, 2023. The Federal Reserve increased interest rates again by a quarter of a point. This brings the benchmark borrowing rate to a range of 5.25% to 5.50%.
Updated June 22, 2022. The war between Ukraine and Russia continues. President Biden announced that the US will not purchase oil and gas from Russia in an attempt reduce the foreign money that Russia receives.
As a consequence, the U.S. gasoline price on June 13, 2022 was $5.006 a gallon. Food prices were 9.4% higher in April 2022 than in April 2021. This is the largest annaul increase in food prices in 41 years. As a result, grocery prices leaped 10.8% for the year.
Four Factors of Inflation
The question is, what are the factors that cause inflation? As well, how do you profit from substantial inflation? The answer is that the amount of money being printed is just one factor that makes up inflation. According to the YouTube channel Economics Explained, the other big factors of inflation include:
Industrial output. The economic output is the number of things available. The higher this number, the lower the prices will be and vice versa.
Employment. Too little employment leaves employees looking for jobs which leads to decreased wages and decreased prices.
Money supply. Increasing the money in an economy will increase the prices that everyone has to pay.
Velocity of money. The movement of money is also a factor as to how fast money goes from one person to another.
FRED Velocity of M1 Money Stock. Photo credit: https://fred.stlouisfed.org/series/M1V
Inflation Analysis
What we see is that the money supply has definitely gone up. Industrial output is more or less a non-factor because businesses are not producing as much, but also people are buying less right now. However, employment and the velocity of money have decreased because of a high degree of uncertainty in the world. As a result, Inflation is starting to creep up, but for right now, it is happening slowly.
US Markets & the Everything Bubble
What we have seen in the US is an increase in the markets. For example, the stock markets, real estate, and bitcoin have been on a continuous tear as prices continue to go up. This is so big because of its effects on society. Many people have called what we are seeing right now as an “everything bubble”.
In March 2021, Charlie Munger, vice chairman of Berkshire Hathaway, and I believe is one of the wisest people in the stock market today, was being interviewed by the Daily Journal Corporation in Los Angeles, CA. A lot of people were asking Charlie Munger about the very real possibility of a stock market bubble. Here is what Charlie had to say: “Yes, I think this must end badly but I don’t know when. I think this kind of crazy speculation in enterprises not even found or picked out yet is a sign of an irritating bubble.”
Undoubtedly, Charlie Munger is very intelligent individual and I am sure he knows exactly how he will profit from the irritating stock market bubble and the substantial inflation that is already taking place.
No Experience for Pre-Retirement Investors
Rising rates have been forecast before. However, this time the analyst survey is showing that it is already proceeding. Pre-retirement investors are not experienced in dealing with a market backdrop of steadily rising rates. The Federal Reserve on Friday, March 19, 2021, said that it will not extend an exemption that would end on March 31st. In essence, the Fed won’t extend relief for banks because they believe that banks have strong capital positions.
Starting on April 1, 2021, the nation’s biggest banks will not be able to exclude treasuries from SLR (supplementary leverage ratio) calculation. This and its ramifications are big news. It looked like everything was status quo, but the status quo will not continue. This is something that clearly upset the markets and will continue to upset the markets.
The Cantillon Effect
About 250 years ago, a famous economist named Richard Cantillon wrote a book where he talked about the “cradle of political economy”. This is called the Cantillon Effect. The premise of the book is that people who are close to the money benefit the most. The people who are farther from the money benefit less because prices have already risen.
Wall Street, the central bankers, the politicians, the tech entrepreneurs, the wealthy people take advantage of being close to the money. These individuals get to take advantage of all of these opportunities first. This circumstance has a tremendous impact on wealth inequality and is the basis for huge problems in society.
Honestly, if you look at the people who are close to the money they do not care about anyone else, they are just thinking about themselves. In my opinion, they are greedy beyond comprehension. This is why these central bankers have created the stimulus checks. They want to keep the average worker from rising up, rioting, and having civil unrest as a measure of security.
The central bankers want to take advantage of this Cantillon Effect opportunity. They want to profit immensely from the situation we all see before us. The good news is that you can profit from the massive inflation that is directly ahead of all of us too. Here is how to anticipate and prepare for the next year and a half to three years and how not to be a victim of the wealth gap.
How You Can Benefit from Inflation
The other way to is benefit from inflation. Inflation is the secret way that the governments and central bankers can wipe out hundreds of billions of dollars of debt off the balance sheet very quickly. Remember that the US government’s debt is owed in US dollars. So, as a result, we can inflate our currency to pay off the debt.
This is an extremely powerful inflation strategy and it is the plan that we should follow as well. Like it or not, this is the game that is being played. This is a plan that is way too big to do anything about. The secret is to learn how to profit from substantial inflation ahead. The result will be an incease your investments and your wealth.
So, we should align our interest with the two most powerful forces the human race has ever known: governments and central banks. We need to align our business plans so that we are on the same plan that they are on.
Wealth Redistribution
Inflation is a hidden tax and it is a wealth destroyer. Inflation destroys the value of our savings, our stocks, our bonds, and our equity in our real estate. But inflation destroys the value of our debt as well. Herein is the huge advantage of inflation. Inflation is the most powerful method of wealth redistribution. Inflation redistributes wealth from lenders to borrowers and from old people to young people.
First let’s see what happens if you borrow money from a bank. If you go to a bank and ask for a loan, you will get the money at today’s value. Yet when it comes time to pay the money back, you will pay it back at tomorrow’s lower value because of inflation. You have won the inflation game! Why? You have won because you will pay back the inflation gain in cheaper dollars. This is a winning strategy that will have you saving the extra as profits.
Inflation will also redistribute the wealth from old people to young people. How does inflation do this? In most cases, old people have assets such as savings accounts, investments in the stock market, bonds, and equity in real estate. These assets are their preparation for the future and their retirement.
Young People Will Benefit
The problem for the old people is that inflation is munching on those assets. On the other hand, the young people are just starting out in life and they usually have a lot of debt. As a result, inflation is an intergenerational wealth transfer from the older people to the younger people. The good news is that the younger people don’t have to worry about an inheritance because the powerful force of inflation will do a lot of it for them!
If the interest rate on the debt is cheap and the inflation rate is high, then the debt is benefiting you. This is essentially a negative interest rate. Higher inflation in the future will help to negatively impact lenders and help people’s debt. This is the secret to profit from substantial inflation ahead. Are you thinking of taking advantage of the power of inflation? For the intelligent person, the secret is to look for commodities that are indexed to inflation.
One Possibility: Maximize With Real Estate
Everyone on Earth needs a place to live. Using debt in a positive way to create wealth is the key when it comes to income property real estate. An investor who decides to become a landlord and purchases multiple income properties understands this concept. Debt is the hidden wealth creator and it has helped millions of people already. Read my blog on the 3 Ways To Really Boost Your Rental House Cash Flows.
Let’s take an example of a person who buys an owner-occupied house to live in. At this time the mortgage rates are historically low. But with inflation already kicking in, you know that the interest rates on everything will increase. Inflation also affects the interest on a 30 year fixed rate mortgage. Below is a US 30-year fixed rate mortgage interest rate chart from 1971 to 2021. If you look at the right hand side, you can already see the mortgage interest rate going up.
FRED 30-Year Fixed Rate Mortgage Average in the United States. Photo credit: https://fred.stlouisfed.org/graph/?g=NUh
Inflation: Prepare Now
To anticipate and prepare for the next year and a half to three years and not be a victim of the wealth gap, take advantage of the powerful force of inflation. Align your strategy with the governments and central banks. This is the hidden secret to profit from the substantial inflation that is ahead. This is a win-win strategy that will give everyone an edge.
In my opinion, I suggest preparing your inflation strategy right now if you have not done so already. In the comments, please let me know your thoughts on the massive amount of money printing taking place today and on your personal views on inflation.
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
Generate More Wealth. Photo credit: Unsplash. Thank you @morganhousel
Updated April 29, 2026. If you are worried about the world economy, you are not alone. We have watched as businesses and workers have struggled with the new regulations imposed by the COVID-19 pandemic. However, I believe that the U.S. will generate more wealth in the next two years under President Joe Biden than in the previous decades combined.
As many know, we have just added more US debt to the economy than the debt of World War I and II together. With President Biden, you may be asking me why I would make such a bold statement on the future of the US and the world. For the most part, I believe that many factors are setting up nicely for you to generate more wealth in the next two years. Let’s take a look at those factors.
Biden Signs Stimulus
On Thursday, March 11, 2021, President Joe Biden signed the passage of the $1.9 trillion American Rescue Plan. As he signed he said that the bill and the IRS will begin sending out payments as soon as the next day – Friday, March 12, 2021.
All the markets in 2021 are going up. The Russell 2000 holds relative strength and is leading the indexes higher. Look at the other indexes in the stock market and in real estate. They are increasing rapidly because of inflation. But don’t be scared of rates yet. For this reason, I believe that this environment should be very favorable for stocks and other risk assets.
Rates Are Just Part of the Picture
If we examine the recent decline in the major indexes, we can see that the timing appears to coincide with a sharp increase in interest rates.
U.S. 10 Year Treasury. Photo credit: CNBC. https://www.cnbc.com/quotes/US10Y?qfsearchterm=
Updated November 24, 2025. The Federal Reserve interest rate remained the same for a five-month period from January 30, 2025, to July 30, 2025. After that, there were two consecutive rate cuts in September and October 2025.
Updated September 18, 2024. Finally, the Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an emphatic move amid a softening jobs picture.
Updated June 22, 2022. On Wednesday, June 15, 2022 the Federal Reserve raised interest rates by 0.75%. This is the largest move the Fed has made since 1994. In the projections released after the meeting, the Fed expects to further raise interest rates to roughly 3.4% by the end of this year.
The US is constantly printing dollars with no end point target. In my opinion, ride it out for two years if possible. But be aware as long as the US money presses keep printing money everything will most likely rise. Likewise, if you feel you are missing out on a bull market and you want to get in, be careful and look at the technical analysis for each stock you invest in. Just remember that the market is most likely in a bubble in the long term it could be very unsustainable.
Everything I have just written above is true. But I understand your concerns if you are sceptical. If you pay attention to the news, they focus on negativity. Why do they focus on negativity? One simple reason: because it sells.
Entrepreneurs: Rocket Up
However, in my opinion, people in the world, particularly in the US, these entrepreneurs and businessmen are just getting started. These people are launching new businesses, inventing new technologies, solving real world problems, and creating cutting-edge medicines. Previous generations would be astonished at our life in the 21st century.
I would argue that middle class Americans today are far better off than the wealthiest people from 100 years ago. For example, the middle class today have air conditioning, the internet, and medical care available every day. Travel is available if needed. As a result, I would say that the innovations the world has gone in the last 100 years have been breathtaking, to say the least. To clarify, I believe individuals will generate more wealth in the next two years. So let’s learn what people are doing so that you can increase your wealth as well.
Big Increases In Life Expectancy
The increase in life expectancy is amazing. More than one billion people have been lifted out of poverty. Take a look at the chart below of the increase in life expectancy that has happened in the past 150 years.
The increase in life expectancy has created the one thing that man cannot control and that is time. The addition of more time in a person’s life will have a dramatic effect. As a consequence, life expectancy will continue to increase the work output for individuals and for businesses. As a direct result, these individuals will see the opportunity that is presenting itself and generate more wealth in the next two years.
I believe the key here is time. If we increase the precious amount of time we have on Earth by twenty years to thirty years or more the results will be amazing. I say this because time has always been a limiting factor to bring things to fruition with businesses and technology. Please take a look at the chart below. Do you agree?
World Life Expectancy. Source: Riley, Clio Infra 2015, and UN Population Division 2019. Photo credit: https://en.wikipedia.org/wiki/Life_expectancy#/media/File:Life_expectancy_by_world_region,_from_1770_to_2018.svg
Launching New Businesses
I believe that the U.S. will generate more wealth in the next two years. Let’s take a closer look at this exciting arena of launching new businesses, inventing new technologies, solving real world problems, and creating cutting-edge medicines.
Chart of Number of Business Establishments Less Than 1 Year Old in the U.S.:
Number of Business Establishments Less Than 1 Year Old in the U.S. 1994-2020. Photo credit: https://www.statista.com/statistics/235494/new-entrepreneurial-businesses-in-the-us/
Look at the number of new businesses happening now. In March 2020, there were 804,398 new businesses that were less than 1 year old. This is an increase from the March 2019 figure of 770,609.
Small Business Survival Rate
50% of small businesses survive 5 years or more, while only 25% make it to 15 years or more. 20% of new US businesses fail within their first two years, according to the US Bureau of Labor Statistics. 45% fail during the first five years. 29% of small businesses failed because they ran out of money, while 17% failed due to a lack of sound business model and poor product offering.
In general, the small business success rate depends on a number of factors. One of the most important factors is to be passionate about your business. Then set goals and plan ahead. But always keep your mind open to new ideas.
The most essential plan of action is to do these three things very rigorously: budget carefully, be disciplined, and focus on the needs of your customers. By realizing this awesome opportunity to generate wealth and doing these necessary steps, you increase the chances of taking your startup business and growing it into a $1 million+ company.
Technology And Innovations
We all know about the astounding growth of technology companies. Elon Musk is perhaps one of the great innovators of all time. In the last year, from 2020 to 2021, Tesla stock has risen more than seven times. Intuitive Surgical is another one. In 2004 Intuitive was $6 a share. Now it is more $700 a share in 2021. If you bought these stocks they are awesome gains to have in your portfolio.
But the secret is to find these technology companies when they are just getting started. If you look at the real builders meaning the innovators, the entrepreneurs you will find that innovation is accelerating faster every day. For example, when the microprocessor first came out in 1971 it could hold about 2,000 transistors. However, now in 2021, the microprocessor can have more than 39 billion!
Prediction: U.S. Will Generate Great Wealth
I believe that the U.S. will generate more wealth in the next two years under President Joe Biden than in the previous decades combined. If you are not sure where to look, I highly suggest real estate. Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate.
If you need wisdom, ask our generous God, and he will give it to you.
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
Warren Buffett is an American investor, business tycoon, philanthropist, and the Chairman & CEO of Berkshire Hathaway. Photo credit: https://www.marketwatch.com/story/this-mutual-fund-may-have-cracked-the-buffett-code-berkshire-hathaways-secret-sauce-2020-09-21
Updated April 29, 2026. Warren Buffett’s Berkshire Hathaway was a net seller of stocks in the third quarter, despite reporting a record $382 billion in cash and U.S. Treasury bills. That means Buffett had plenty of available capital and simply chose to keep it out of the stock market. The S&P 500 has generally performed worse following quarters in which Buffett was a net seller. In the last six years, the index’s average one-year return has been 5 percentage points lower under those circumstances. And history says there may be challenging times ahead for investors.
My years of research tell me time and time again that the best stock to invest in is BRK.B by Berkshire Hathaway. The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive. Berkshire Hathaway is a publically traded entity and is an overwhelmingly American multinational conglomerate holding company that is based in Ohama, Nebraska. This is a publicly traded stock under the tickers Berkshire Hathaway A or Berkshire Hathaway B (BRK.B).
The main difference between Berkshire Hathaway Class A and Class B shares is their price. The Berk B shares are much more affordable and offer the benefit of flexibility. Subsequently, if an investor owns just one share of Class A and is in need of some cash, the only option is to sell that single share, even if its price far exceeds the amount of capital he needs to access.
In contrast, a holder of Class B shares can liquate part of his or her Berkshire Hathaway holdings just up to the amount needed to meet cash flow cash flow requirements. In addition, Class B also provides a potential tax benfit. Its much lower price means that BRK.B stock can be passed to heirs without triggering the gift tax as passing Class A shares does.
One final difference is that Class A shares can be converted into an equivalent amount of Class B shares any time a Class A shareholder wishes to do so. The conversion privilege does not exist in reverse. Moreover, Class B shareholders can only convert their holdings to Class A by selling their Class B shares and then buying the equivalent in Class A.
Warnings Of Possible Financial Crisis Emerging
Many people are wondering what is happening with the U.S. and global markets. In a wide-ranging conversation, I recently watched a video where you were interviewed by Charlie Rose in April 2022. In the beginning of the interview you explained that after reading The Intelligent Investor, you understood to buy businesses that are publicly traded. You became an owner of the business and you did not care whether a stock went up or down the next day, or next week, or next month, or next year because you understood the principal of value investing. You didn’t care because you knew businesses. Looking at the numbers of the businesses that you completely understood made you comfortable enough to invest in these companies.
As Warren has said, he is an extremely bright man who is terribly interested in the work that he does. He has spent a lifetime doing it and he have surrounded himself with people who bring out the best in him. Warren has said many times that he doesn’t have to be a genius in what he does and that’s the great thing about it.
From my perspective, the genius is that Warren Buffett realized, many years ago, is that he is in a game that allows him to succeed over time to the highest of levels because he didn’t really need extra intelligence. He has dedicated himself and his eventual success by focusing on one thing: investments.
Warren said it best himself: you need the right orientation where the investor would think about what the companies are going to be worth 10 or 20 years from now. What I like best is that if a person truly internalizes everything, all the necessary ingredients, they too will make a lot of money. Warren Buffett has said, “I got rich when I understood this.”
The Gem: Berkshire Hathaway Stock
Berkshire Hathaway (BRK.B) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska and is owned by Warren Buffett. As probably everyone knows, Warren Buffett is one of the most successful investors of all time. As well, my years of reading and research tell me over and above that BRK.B that the best stock to invest in.
Similarly, BRK.B is a stock that combines the best value in publicly traded companies as well as privately owning a number of companies themselves. Investing in Berkshire Hathaway provides investors with property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services.
Berkshire Loves Collecting Dividends
Berkshire Hathaway famously doesn’t pay dividends. Nevertheless, Berkshire stock loves collecting them. In 2018 alone, Berkshire took in $3.8 billion in dividends. “A sum that will increase in 2019,” Buffett said in the annual letter.
As of August 2020, Berkshire Class B stock is the seventh-largest component of the S&P 500 Index. On January 10, 2018, Berkshire Hathaway appointed Ajit Jain and Greg Abel to Vice-Chairman roles. Abel is vice chairman for non-insurance business operations, and Jain is vice chairman of insurance-operations. In addition, for the fiscal year 2019, Berkshire Hathaway reported earnings of US$81.4 billion, with an annual revenue of US$254.6 billion, an increase of 2.7% over the previous fiscal cycle.
Berkshire Hathaway Is Undervalued By 20%
The Berkshire Hathaway current valuation is $495 billion. If Berkshire Hathaway businesses are valued at 20 times operating earnings approximating the S&P 500 Index, then they would have an enterprise value of $480 billion.
In comparison, subtracting the float of $130 billion would then result in an equity value of $350 billion. Then adding $350 billion (businesses) to $385 billion (stock portfolio plus cash) results in an overall equity valuation of $715 billion. As such, the Berkshire Hathaway current valuation of $495 billion represents a 30% discount!
Berkshire Has Top Management
Berkshire Hathaway is a stock that is run by top management. Consequently, the huge advantage is that the management regularly optimizes the companies Berkshire Hathaway invests in so that you don’t have to. Basically, you can sleep well every night knowing that your investment is secure.
When Warren Buffett speaks, Wall Street and investors listen intently. That’s because Berkshire Hathaway has a track record few other money managers can match. Over the last 55 calendar years, Berkshire Hathaway’s stock rose at more than 20.3% annualized pace, versus 11.8% for the S&P 500. More than 20% annually for 55 years! In my opinion, this is one of the best investments of a lifetime. The best stock to invest in is BRK.B. I ask you to research Berkshire Hathaway, if you haven’t already, and add your comments below.
Berkshire Stock With A 18.6% Annualized Return Since 1965 Versus S&P 500 With A 11.8% Annualized Return. Photo credit: https://svencarlin.com/berkshire-vs-sp-500/
Berkshire Hathaway Publicly Traded Portfolio
Below are the publicly-traded U.S. stocks owned by Warren Buffett’s holding company Berkshire Hathaway, as reported to the Securities and Exchange Commission in filings made available to the public. There are times when Berkshire asks for, and receives, the SEC’s permission to temporarily withhold data on some stock holdings.
Update March 2020. With the Covid-19 pandemic creating uncertainty around the world, it is unsurprising that many may have seen their top stocks underperform the benchmark indexes. Investing legend Warren Buffett is no exception. Indeed, it is reassuring that Berkshire Hathaway has managed to find value in this volatile environment.
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Many investors regularly look at investor Warren Buffett’s top holdings to see what they are and then to do their on research and decide if they like the value of these stocks. Berkshire Hathaway current top holdings by size are Bank of America, Apple, Coca-Cola, Kraft Heinz, American Express, Verizon, U.S. Bancorp, and General Motors.
Warren Buffett’s investment strategy is to build a portfolio of blue-chip companies with strong balance sheets, and then to hold this stock in BRK.B and invest with the right orientation over a long time frame. Apple is Berkshire Hathaway’s largest portfolio holding, comprising 49.1% of the portfolio. In addition, Buffett has held shares of Coca-Cola since the late 1980s; the company accounts for about 8.6% of Berkshire Hathaway’s portfolio. Furthermore, in 2011, Buffett began investing in Bank of America when Berkshire Hathaway purchased in a private offering 50,000 shares of the company’s preferred stock at a liquidation value of $100,000 per share.
Despite his unparalleled success, Buffett’s investment model has always been transparent, straightforward, and consistent. Fundamentally, he invests in fairly-priced, high-dividend paying blue-chip companies that feature strong balance sheets. Buffett buys such stocks with the intent to hang onto them over the long haul.
Listed below are the public and private businesses that add up to the best stock to invest in, which, in my opinion, is BRK.B.
Clothing: Union Underwear Corp., Fruit of the Loom, Garan, Fechheimer Brothers, Russell Corporation, H.H. Brown Shoe Group, Acme Boots, Brooks Sports, Justin Brands, Chippewa, Justin Boots, Justin Original Workboots, Nocona Boots, and Tony Lama Boots
Building Products:
Acme Building Brands, Benjamin Moore & Co., Johns Manville, MiTek Inc., Shaw Industries, Inc., Clayton Homes Inc.
Flight Services:
FlightSafety International Inc., and NetJets Inc.
Retail:
Nebraska Furniture Mart, RC Willey Home Furnishings, Star Furniture Company, Jordan’s Furniture, Inc, CORT Business Services, Ben Bridge Jeweler, Helzberg Diamonds, The Pampered Chief, Ltd., See’s Candies, Dairy Queen, Orange Julius, Karmelkorn, Oriental Trading Company, and Pilot Flying J
Media:
Buffalo Evening News, Buffalo Courier-Express, Business Wire, Omaha World-Herald, Richmond Times-Dispatch, Winston-Salem Journal, The Eagle, Waco Tribune-Herald, Tulsa World, Greensboro, North Carolina-based News & Record, Virginia’s Roanoke Times, Press of Atlantic City, and ABC affiliate WPLG
Real Estate:
Berkshire Hathaway’s Energy’s HomeServices of America, Home Capital Group Inc., Store Capital, and Clayton Group
Other Non-insurance:
From 1986 to 2003: Albecca Inc., CTB International Corp., McLane Company, Scott Fetzer Companies including: Kirby Home Cleaning Systems, Wayne Water Systems, Ginsu Knives, and World Book Encyclopedia.
In 2007: acquired TTI, Inc, and Marmon Group
In 2014: Berkshire Hathaway Automotive created through the acquisition of Van Tuyl Group; acquired Duracell from Procter & Gamble in an all-stock deal.
Finance and Financial Products
Clayton Homes
Investments
Russell Corporation including Spalding NBA Official Basketballs, and BIKE Athletic Company
Lubrizol Corporation
Preferred stock in Wrigley
Goldman Sachs
GE
Burlington Northern Santa Fe Corporation
Indian insurance BerkshireInsurance.com
H.J. Heinz Co.
Berkshire owns 1.74 million shares of Gannett, and Precision Castparts Corp.
2020: Berkshire added a position in the Q2 2020 of 20 million shares in mining company Barrick Gold
2020: Q3 2020 agreed to buy Dominion Energy’s natural gas transmission and storage operations.
Between September 2019 and August 2020, Berkshire purchased more than 5% of the outstanding stock of each of the five largest Japanese general trading companies: Itochu, Mitsubishi, Mitsui Sumitomo, and Marubeni.
The Rich Didn’t Get Wealthy By Investing In Stocks
Have you ever wondered how the wealthiest investors in the world became wealthy? For example, if you look at Warren Buffett you might think that the wealthiest investors in the world enjoyed their success due to wise investing decisions.
However, despite the fact that the best stock to invest in is BRK.B, the reality is that Warren Buffett is a rare exception. Buffett’s investment returns over the decades have been nothing short of phenomenal. His investments over the years are the reason for his success. While replicating his success might not be possible, you can emulate his strategies to become a successful investor.
One of the primary reasons for Buffett’s success has been his ability to recognize the deeper value behind a company. The best stock to invest in is BRK.B, but understand that Warren Buffett invests in businesses that he understands and knows that the inherent value of the business is more than its evaluation at the time of investing. As a result, all the work that Warren Buffett and his team of people do will add up to the best stock to invest in, which is BRK.B.
Create A Product Or Service To Add Value
Contrary to popular belief, the wealthiest investors did not use stock market investing to find the best stock to invest in such as BRK.B in order to maintain the wealth they had already acquired. Almost all of them made their wealth by starting companies that were very successful or some have received an inheritance.
I invite you to read my FinancialGoodness.com: About The Writer and scroll down to “Think of Knowledge As A Tree.” One of the entrepreneur’s I have studied is Ryan Daniel Moran.This entrepreneur realized that you have to strategically position yourself to create value in service to other people. Please read my blog on how to Build Unlimited Wealth With Money’s Untold Truth. To summarize this article, find the biggest problem you can think of and then solve that problem. You have to create a product or a service that people really want and then think of a way to deliver it to them. This is the secret for creating unlimited wealth.
Imitate Strategies Of Successful Investors
Once your business is profitable, you can then use some revenue to maintain your wealth that you have acquired over the years. You can then imitate the strategies of successful investors. In this way you can use your wealth by investing in wise investment moves in the stock market. The combination of these two strategies, of having a profitable business and then investing in the markets, is really the best way to maintain and to increase your wealth over time.
Consequently, have you ever thought about the relationship between money and wealth? Specifically the fact that money is just paper with a number on it. Nevertheless, people have equated money to value.
In the end, perhaps this was never about the money. Let’s face it, it was all about the freedom that you were looking for. Accordingly, if you make wise investments you will have the ability to do whatever you want, whenever you want. Thus I am talking about your choice of freedom.
This is the dream of freedom that you were seeking all along. Truly I challenge you to do it and have the courage, the belief, and the strength to make this your reality! When you do this, you will have completely conquered how to build unlimited wealth with money’s untold truth because now you know the secret to having a lifestyle of richness.
Conclusion
I hope you enjoyed my research on the best investment to make. If a stock market crash happens again or a big dip occurs, the long-term buy and hold value stock is apparent to me. My years of research tell me again and again that the best stock to invest in is BRK.B.
To conclude, I like the peace of mind that the BRK.B stock has with it. In the same way, I can invest in BRK.B and rest good every single night. In the final analysis, I know that the leading management at Berkshire Hathaway will look after my investment and make sure it grows slowly over time for years to come.
“An investment in knowledge always pays the best interest.”
– Benjamin Franklin
Matthew 7:8 NLT. For everyone who asks, receives. Everyone who seeks, finds. And everyone who knocks, the door will be opened.
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
How To Become A High Net Worth Individual. Photo credit: geekFence.com.
Updated April 29, 2026. How to become a high net worth individual? To become a high net worth individual it typically means that you have grown your wealth and are holding financial assets with a value greater than US$1 million. However, if you haven’t achieved this goal, can you imagine your life if you had a nice amount of money sitting in your bank account? So now let’s take a look at some individuals who have achieved this goal of $1,000,000+.
“Go Where You’re Treated Best”
I would like to share with you one of the people that I have been following now for a few years. His name is Andrew Hendersen and he is the founder of Nomad Capitalist. After many years of experience as a global businessman, Andrew offers his expert advice to successful entrepreneurs and investors on ways to reduce their tax bill, grow wealth overseas, and become global citizens. Hence, he believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”
Become More Of A True Global Citizen
Updated April 13, 2024. I have to agree with this philosophy of going where you are treated best. As many of you know, I lived in the United States for almost five decades. Without a doubt, I thought that I was doing well. But moving to Colombia, South America more than eight years ago has changed my mind-set completely. For instance, the most obvious realization for me was the drastic reduction of prices in Colombia from the prices that I had grown accustomed to when living for so many years in the United States.
As equally important, I began to realize that there were other countries that offered distinct advantages in other areas of business as well. The problem is, as Andrew Hendersen confirms, there is no one country that offers all these advantages for the entrepreneur and investor. For this reason, you must do research on the topic and, in many instances, seek them out individually.
Consequently, now I view myself as becoming more of a true global citizen. I have recently watched a YouTube video by Andrew entitled, How To Become an Ultra High-Net Worth Individual. I would like to share below the key ideas that Andrew discusses is this video.
Building Long-Term Wealth
Being from the United States, I have felt that the tax rate has been high for many years. If you look at the US, which is considered a high-income country, the tax revenue is high, equaling about 24% of gross domestic product (GDP) in 2018.
Below is a chart that compares the tax rates of the US with other 35 members of high-income countries. These 35 countries represent the member countries of the Organisation for Economic Co-operation and Development. The reality of the situation is that the tax rate of the 35 high-income countries averages around 34%.
The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in the United States decreased by 2.4 percentage points from 27.6% in 2022 to 25.2% in 2023. Between 2022 and 2023, the OECD average decreased from 34.0% to 33.9%. The tax-to-GDP ratio in the United States has decreased from 28.3% in 2000 to 25.2% in 2023. Over the same period, the OECD average in 2023 was above that in 2000 (33.9% compared with 32.9%). During that period, the highest tax-to-GDP ratio in the United States was 28.3% in 2000, with the lowest being 22.9% in 2009.
If you want to build long-term wealth it makes sense to research countries where the tax rate is much lower. The good news is that there are a number of countries that are tax-free. If you look at Europe for example, European countries, for the most part, have relatively high taxes.
But there are several tax-free countries, territorial tax countries, and countries with tax exemptions that provide a great opportunity for entrepreneurs to keep more of their own money. These European countries include: Monaco, Portugal, Georgia, Switzerland, Italy, Gibraltar, Channel Islands, Malta, United Kingdom, Ireland, Cyprus, and Montenegro. Check out these other tax-free countries in another YouTube video from Nomad Capitalist.
Intentional Mindset
If you want to be truly successful and take yourself to the next level, put yourself in that environment. When you travel overseas, have the intention of seeking out individuals that are living at a higher level. By seeking out individuals that are living at a higher level it will allow you to live more intentionally and grow into that mindset.
Being Wealthy As Your Top Priority
The COVID-19 pandemic is interesting because now no one can say that they are too busy. The world is going through a big reset. Don’t be afraid to give up the good and go for the great. However, always remember that it is more important to be happy than to be rich. I believe these are words to first consider and then to live by.
Passion For Work
If you have a passion for work, you realize that there is no passion to be found in playing small. Don’t settle for a life that is less than the one you are capable of living. Develop a passion for lifelong learning.
Don’t just live for the moment. Think about and plan to have the necessary money for retirement early. Set a goal of retiring early. Right now the FIRE movement (financial independence, retire early) is gaining traction through online communities where people share blogs, podcasts, and online discussions.
Eight Key Points To Become A High Net Worth Individual:
Focus On Goals, Not Numbers
Increase Your Risk Tolerance
Rely On Yourself
Set Targets
Increase Your Active Income
Save More Than You Spend
Live Wealthy, Live Rich
Diversify What’s Left
Diversify With Real Estate
One of the best ways to diversify your assets is to invest in real estate. Many countries have very good tax advantages to owning property. Here is an excellent article on investing in real estate: Real Estate Investing Strategies That Work Every Time.
Conclusions
How to become a high net worth individual is important because it typically means that you have grown your wealth and are holding financial assets with a value greater than US$1 million. Please check out the YouTube video How To Become an Ultra High-Net Worth Individual. This video by Andrew Hendersen is a gem because it contains many tips that will help you to achieve this goal. It contains many of the ingredients to take your life to the next level of success.
What popular articles and blogs do you recommend?
Finally, what if I said that there is actually an equation for wealth. How would you feel then? Please read my blog on how to Build Unlimited Wealth With Money’s Untold Truth. By building unlimited wealth with money’s untold truth you can achieve your dreams and live an amazing lifestyle.
Please leave a comment and share your thoughts on increasing your wealth and net worth. Everyone please stay safe and look for my next blog. Best wishes!
Matthew 7:8 NLT
8 For everyone who asks, receives. Everyone who seeks, finds. And to everyone who knocks, the door will be opened.
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
Invest Wisely In The Stock Market Photo credit: Unsplash
Updated April 29, 2026. Myself and our team are commonly asked the question about how to invest wisely in the stock market. The answer to that question is that we really like the value investing approach. Generally, value investing involves selecting stocks whose share price is below its intrinsic value or book value. Warren Buffett is an example of value investing. Warren Buffett will buy a stock thinking that he could hold it for years without ever considering selling it. Trying to day trade or invest in the stock market on a short term basis will just add stress to your life. The reality is that no one knows what the markets will do in the short term. With this in mind, we highly recommend long term buy and hold strategies to will help you to create everlasting and perhaps generational wealth.
Volatile Markets
Updated December 13, 2024:
Barron’s predicts that the Stock Market Could Gain Another 20% in 2025. They say that Wall Street’s market forecasts are too tepid. Barron’s predicts that the S&P 500 could rally next year on a combination of AI growth and deregulation. But investors should prepare for a wilder ride.
Updated December 12, 2024:
Yes, 2024 was full of turmoil. Where to begin? Donald Trump was nearly assassinated. Joe Biden dropped out of the U.S. presidential race. China conducted more, and bigger, military drills around Taiwan. The French and German governments collapsed. Then, On December 8, 2024, armed rebels took the Syrian city of Damascus, forcing long-time ruler President Bashar al-Assad to flee the country. al-Assad fled Syria and now lives in Moscow, Russia with his family after being granted asylum.
All this chaotic news did not make markets flinch even one tiny bit. As of this writing, globally stocks are up around 22% since January 2024, while the tech-heavy Nasdaq is up more than 30%. In other words, all the bearish predictions for 2024 were way overblown, if not outright wrong. This was a good reminder about the perils of trying to time the market based on forecasts or your personal feelings about the world.
Updated November 28, 2023:
The USA Today reported that fears over a possible hard landing for the U.S. economy have subsided throughout the year.
The S&P 500 has gained a surprising 19% year to date in 2023. However, many of those gains have been concentrated in the technology and communication services sectors.
Updated October 13, 2022:
The markets sank in the morning after the Labor Department reported consumer prices jumped more than expected in September. U.S. equities roared back from big losses to post significant gains. The Dow had a 1,500-point swing, ending with a 827-point advance.
Updated September 14, 2022:
After a report for August 2022 which CPI came in higher than anticipated yesterday, the U.S. markets did a nosedive. The Dow and S&P 500 sank about 3% and the Nasdaq went down 4%. Core inflation rose to 0.6% in August, up from July’s 0.3% gain. If you look at the annual basis for core inflation, it accelerated to 6.3%, up for 5.9%. In conclusion, a higher than expected inflation rate will likely strengthen the Fed for more aggressive interest rate hikes. The FOMC will have a meeting on September 20-21, 2022 and will likely vote on a 75 bps rate hike.
Updated January 24, 2020:
On January 24, 2020, the S&P 500 index fell for its biggest one-day loss since October 8, 2019. But then the Fed, with their “expanded balance sheet” pumped more money into the markets to avoid the stocks from free falling. The good news is that it worked for almost a month. But, the big question many people are asking is what is the best way to invest wisely in the stock market?
Updated February 2020:
The last week of February the Dow industrials plunged 3,600 points. Consequently, the Dow’s weekly skid would rank within its top 15 in its 124-year history. In addition to this, the S&P 500 marks the fastest correction from a record in history. As a result, Thomas Lee, founder of Fundstrat Global Advisors, may be one of the few to acknowledge that something isn’t right with a market that was just enjoying a record close days ago. “This is not normal, and the market is clearly indicating to us a change,” Lee said in a research report on Friday.
COVID-19 Still Continues
Meanwhile, the coronavirus outbreak continues. Indeed, the coronavirus has spread to all continents except Antarctica. On March 2, 2020, The New York Times says the coronavirus has infected 90,000 people, and killed more than 3,000.
Then the last week of February 2020 arrived. The stock market bulls have been saying that nothing could keep the market from hitting new highs. But the investors could not avoid the fact that there is no cure for the coronavirus and many believe the price of stocks is hefty.
Warren Buffett and Berkshire Hathaway
On March 2, 2020, Warren Buffet appears to be bullish about the direction of stocks, sitting on $128 billion in cash. But this chart of Buffett’s record cash pile appears to tell something different.
In March 2020 Buffett Is Holding $128 billion In Short-Term Bonds. Photot credit: Marketwatch & Real Investment Advice.
However, when looking at Berkshire Hathaway’s Cash Holdings, RIA Advisors strategist Lance Armstrong is more pessimistic about the markets. He says, “Follow the money. If he thinks stocks will outperform bonds why is holding $128 billion in short-term bonds?”
November 8, 2025. In the third quarter, Warren Buffett sold more stocks and increased Berkshire Hathaway’s cash holdings to a record $381.7 billion, even as U.S. markets hit new highs. This begs the question: if the Oracle of Omaha is selling and stashing cash, should we be buying?
November 2,2024. Berkshire Hathaway Inc.’s cash pile reached $325.2 billion in the third quarter, a record for the conglomerate, as Warren Buffett continued to refrain from major acquisitions as he fears corporate taxes will rise.
December 3, 2023. Daniel Foelber wrote in The Motley Fool that the passing of Charlie Munger on November 28, 2023 marked the end of a chapter for longtime fans of Berkshire Hathaway. Munger lived 99 years and 11 months. Munger often spoke less than Warren Buffett during the company’s famous annual meetings in Omaha, Nebraska. But his wit and wry sense of humor lightened the mood and complemented Buffett’s bouncy cadence perfectly.
In valuing Berkshire Hathaway it is, without a doubt, a very complicated business to access. But at its core, the value comes from its public equity portfolio, cash, insurance business, BNSF railroad, BHE, and its manufacturing, service, and retailing segment.
Berkshire stock looks cheap even when assigning conservative values to all these moving parts. But it’s easy to see why it is probably undervalued, even though the stock is near an all-time high.
If we assume a 15 P/E on the manufacturing, service, and retailing business and add in the cash position, and Berkshire Hathaway would be worth $1.08 trillion. Berkshire stock looks cheap even when assigning conservative values and Daniel Foelber believes it is unquestionably a buy.
June 24, 2022. Berkshire Hathaway’s Warren Buffett goes on a spending spree and is now deploying billions of dollars in 2022. In 2022, it’s not just growth stocks are quickly selling off, but value stocks have gotten cheaper as well.
As a result, Buffett’s buying is sending a signal to all value investors. He is basically saying that stocks are now cheap and it’s a great idea to purchase noteworthy stocks when they are on sale.
What Berkshire Is Buying In 2022:
Chevron CVX. Chevron is one of the largest energy companies in the United States. Berkshire already owns some shares, but Buffet bought more making Chevron 7% of of the portfolio.
Occidental Petroleum OXY. Occidental Petroleum is now dirt cheap. Berkshire bought billions of dollars of Occidental Petroleum, pushing it up to the 6th largest position in the portfolio at 3.57%.
Citigroup C. Citigroup’s shares are down by a third. But Citigroup is also one of the cheaper large banks, with a forward P/E of 7.5. It also pays one of the higher dividends, currently yielding 3.9%.
Ally Financial ALLY. Ally Financial is also dirt cheap. It is trading with a forward P/E of just 5. Ally Financial pays a dividend yielding 3.1%.
Paramount Global PARA. Paramount Global is a global media company with many brands including Paramount, Showtime, MTV and other brands. Paramount Global’s earnings are expected to decline 23.6% in 2022, but it pays a dividend yielding 3%.
4 Passive Income Strategies For Stocks
Below are four passive income strategies for stocks that will help grow your wealth over time. Investing on a regular basis rather than trying to time a lump sum investment can help you become a more disciplined investor. You’re forced to invest regardless of whether the price is high or low. This takes some of the emotion out of investing and avoids any delays in putting your money to work. Most financial planners advise saving between 10% and 15% of your annual income.
An index fund is a mutual fund or exchange-traded fund designed to follow certain preset rules so that the fund can track a specified basket of underlying investments.
To select an index fund, first decide what stock market index or indexes you want to keep track of. The next step is to find the fund whose performance closely correlates with that index. Look at the funds that has a low expense ratio. Ideally look for a low expense ratio which denotes the annual management fee for that fund.
1. Dividends
A dividend is a distribution of profits by a corporation to its shareholders. When the stock of a company posts quarterly earnings, it is abl eto pay a proportion of the profit as a dividend to shareholders. The shareholder has to decide if the want the dividend distributed to them or if they want to re-invest in the business with the dividend.
It is very important to only invest in dividend stocks wisely. Remember to only invest in companies that you belive in long-term with strong growth and fundamentals, not just because they pay you a high dividend. If you are looking for dividend champions, check out the following companies and there dividends below.
Possible Dividend Champions
Becton, Dickinson, & Company (BDX). 5-year expected returns: 9.5%. Becton, Dickinson & Co., or BD,is a global leader in the medical supply industry.
AbbVie Inc. (ABBV). 5-year expected returns: 9.8%. AbbVie is a pharmaceutical company spun off by Abbott Laboratories (ABT) in 2013. Its most important product is Humira, which is now facing biosimilar competition in Europe, which has had a noticeable impact on the company.
Novartis AG (NVS). 5-year expected returns: 10.3%. Novartis is a Europe-based healthcare company. The company’s Innovative Medicines division offers medicines in the areas of oncology, cardiovascular, dermatology, respiratory and several others.
Eagle Financial Services (EFSI). 5-year expected returns: 10.6%. Eagle Financial Services serves retail and commercial customers and offers consumer, mortgage and commercial loans as well as other banking services.
AT&T Inc. (T). 5-year expected returns: 11.5%. AT&T is the largest communications company in the world, operating in three distinct business units: AT&T Communications, WarnerMedia, and AT&T Latin America.
Enbridge Inc. (ENB). 5-year expected returns: 12.9%. Enbridge is an oil & gas company that operates the following segments: Liquids Pipelines, Gas Distributions, Energy Services, Gas Transmission & Midstream, and Green Power & Transmission.
2. REITs
REIT stands for real estate investment trust. A REIT is a way to buy stock in a company that just owns real estate and in exchange for giving them your money as an investment, they will pay you back some of their profits in the form of a dividend.
REITs can specialize in anything from medical buildings, shopping centers, senior care facilities or residential buildings. This a way that you can own part of company without having to go through the hassles of finding the right deal, doing inspections, coming up with the money, and then physically purchasing a property.
When doing your research of possible REITs I would suggest looking at:
Vanguard Real Estate ETF (VNQ)
Vanguard Real Estate ETF (VNQ) provides attractive exposure to real estate to real estate through the ownership of U.S. real estate investment trusts. The portfolio spans all end markets, from industrial to residential to health care.
Due to its REIT ownership, VNQ offers income as well. The effective yield, adjusted for return of capital, is a healthy 2.33%. That’s better than the 10-year Treasury bond and a nice addition to the diversification and has a low expense ratio of 0.12%. Other REITs like the iShares U.S. Real Estate ETF (IYR) have an expense ratio of 0.42%. When you compare the 0.12% against other REITs it doesn’t looks pretty good.
3. Index Funds
Index funds are a basket of stocks that you could buy into individually, but index funds have the advantage that you can buy into the fund instantaneously. This gives you the best diversification because you can access many different stocks and it is incredibly easy to do.
Investing in the S&P 500 index funds is perhaps the closest way to guarantee wealth accumulation over time. To get you started, these are some funds to have a look at:
Schwab S&P 500 Index Fund (SWPPX)
Schwab S&P 500 Index Fund (SWPPX) is an official S&P 500 index fund and it is the cheapest with an expense ratio of 0.02%. In other words, if you invest $1000, your annual is just $0.20. The good news is that your returns are pretty much the same as the S&P 500 index. According to MarketWatch, the turnover percent is 4% and the dividend is $1.04 annually.
Fidelity ZERO Total Market Index Fund (FZROX)
Fidelity ZERO Total Market Index Fund (FZROX) is an index that is designed to reflect the performance of the U.S. equity market. FZROX is a float-adjusted market capitalization-weighted index designed to reflect large, mid, and small capitalization stocks. This fund seeks to provide investment results that correspond to the total return of a broad range of U.S. stocks. Another good advantage is that the expense ratio for FZROX is impossible to beat at 0%. According to MarketWatch, the turnover percent is 6% and the dividend is $0.17 annually.
Fidelity ZERO Large Cap Index Fund (FNILX)
Fidelity ZERO Large Cap Index Fund (FNILX) is very similar to an S&P 500 index fund because it tracks an index of over 500 U.S. large-cap stocks. However, this fund is not a official S&P 500 index fund, so it avoids paying licensing fees that are expensive to the S&P’s parent company. As a result, the FNILX has a 0% expense ratio. If you are just beginning to invest, another key point is that there is no minimum investment for contributions to this fund. According to MarketWatch, the turnover percent is 5% and the dividend is $0.16 annually.
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). VTSAX seeks to track the performance of the overall total market. This fund uses an indexing investment approach to track the performance of the CRSP U.S. Total Market Index. The CRSP U.S. Total Market Index is a fund that has almost 4,000 companies across the mega. large, small, and micro capitalizations, representing nealy 100% of the U.S. investible equity market. The expense ratio is 0.04%. According to MarketWatch, the turnover percent is 8% and the dividend is $0.32 quarterly.
Vanguard Total Stock Market ETF (VTI)
Vanguard Total Stock Market ETF (VTI). VTI is an exchange-traded fund if you do not want to have a mutual fund index. This fund seeks to track the performance of the CRSP U.S. Total Market Index. The expense ratio is 0.03%. According to MarketWatch, the turnover percent is 8%.
Vanguard Growth Index Fund ETF (VUG)
Vanguard Growth Index Fund ETF (VUG). If you can afford to take on more risk in the pursuit of higher rewards, the tech heavy, exchange-traded, Vanguard Growth ETF VUG is a solid pick. The fund tracks the CRSP U.S. Large Cap Growth Index, which looks a lot like the S&P 500 Growth Index.It invests in each of 255 U.S. large-cap growth stocks. The tech stocks are heavily represented, accounting for 47% of its holdings, while energy stocks and utility stocks comprise only 0.3% combined. The expense ratio is 0.04%.
Vanguard Total Bond Market Fund (BND)
Vanguard Total Bond Market Fund (BND). For passive investors, the U.S. seems like the simpler choice when compared to Europe and Asia. Interest rates in Europe are artificially low, with some corporate bonds offering negative yields. Meanwhile, in Asia and emerging markets, risks are naturally higher. There are plenty of bond funds that are more aggressive and potentially could offer higher returns. But few offer the same peace of mind as BND which provides broad exposure to investment-grade American bonds.
4. Diversify With The All Weather Portfolio
Are you concerned about your investment in your portfolio of stocks? Would you like to sleep better with less stress at night? To do this you need to invest wisely in the stock market. Therefore, we highly recommend long term buy and hold strategies to will help you to create everlasting wealth.
This would be an excellent time to mention Ray Dalio. For those not familiar, Ray Dalio is the founder of the world’s biggest hedge fund firm, Bridgewater Associates, which manages $160 billion in assets. Ray Dalio is one hedge fund manager known for its all weather investing strategy.
Ray Dalio’s portfolio was back tested for the last 75 years. In the last 75 years it has been right 85% of the time. However, in the 15% that it wasn’t doing well its average mean was 1.6%, not a 50%, 40% , 30%, or 20% loss. In conclusion, his biggest loss was less than 4% and that was in 2008 when the market exploded.
30% stocks, even though stocks traditionally grow at 9.2% a year.
40% long term treasuries
15% intermediate term treasuries
7.5% gold
7.5% commodities
Rebalance these allocations once every year.
As you can see gold is an inflation hedge and a safe haven in unstable markets and a way to diversify risk. I like how the All Weather Portfolio is a balanced fund that works no matter what happens in the markets. I am thinking of designating some funds for this strategy in the long-term. What are your thoughts? Let me know in the comments below.
My Favorite Stock Market Commentaries
If you want to know more about how to invest wisely in the stock market, we recommend the commentaries below to give you a greater perspective:
Best Daily Market Commentary
Mott Capital Management and the owner Michael Kramer is one of the best people to follow and read on a constistent basis. He always gives you his unbiased opinion on where the market is and where is likely to go. As many investors know, sometimes the market will have multiple events in a week. So, hold on.
I am a value investor. Find good stocks and hold on to them for many years. That way you don’t have to worry about the micro-direction of the market from one day to the next and you can sleep a lot better. If you are interested in signing up for free commentary from Michael, go to mottcapitalmanagement.com. If you like it, you can subscribe as well for more content.
Best YouTube Trading Channel
In my opinion one of the best YouTube channels for the stock market is ShadowTrader. The host is Peter Reznicek. I have been watching this channel for more than six months and my conclusion is that Peter is an amazing person because he gets it right so much of the time. Many people know that the markets will tell you the story. So don’t try to go against the market or you will get crushed big time.
When I say Peter gets it right, I mean that sooner or later the markets will conform upward or downward to the directional prices that he gives out in his videos. His knowledge is phenomenal to watch, no matter what trading level you are at. This week’s title is “Buyers Shut Off”. Check out Peter Reznicek. He goes in-depth on his interpretation of what has happened and his predictions of key levels to watch.
In the chart below, everything to the right of the chart is bullish. Everything to the left of the chart is bearish. As you can clearly see, a clear majority of the past presidents enjoyed bullish markets. If you were trying to short the market you would lose your cash very quickly. Most of the analysts after the stock market crash are saying to buy the dip. The important question is: WHEN?
Presidents and their impact on the stock market. Photo credit: investopedia.com
Updated June 24, 2022. The chart below shows the end of President Trump in office and the beginning of President Biden. As we know, Biden is in the difficult position of the Fed printing trillions of dollars and then dealing with inflation as the price of oil and food continues to increase. So such for how to invest wisely in the stock market. As we have seen, through June 2022, the stock market prices are decreasing as inflation continues to go up.
June 24, 2022 Update. Presidents and their impact on the stock market. Photo credit: investopedia.com
You Are Responsible For Your Investments
Let’s go back to the original question about how to invest wisely in the stock market. Remember, you are ultimately in charge of your own investments. If you don’t feel comfortable being in the stock market maybe wait until the timing is better. As an alternative, you can always put your investment in a high interest savings account. The return wouldn’t be as good as investing in the stock market, but you will not lose money either.
On the other hand, if you are on the path to increase your wealth, congratulations! I encourage you to continue to learn how to invest wisely in the stock market. Investing in the stock market will definitely grow your investments long term. However, please understand that most people make money from their careers and then they invest their money in the stock market. Warren Buffett is a rare exception to this rule.
With is in mind, one of the best ways to increase your wealth is through real estate. Of the people who are millionaires, an astounding 90% got their wealth by investing in real estate. Real estate is one of the best ways to seek wealth and achieve financial freedom. I invite you to read our article Best Real Estate Strategies To Make 7 Figures.
What popular articles and blogs do you recommend?
Further Reading on FinancialGoodness.com: For more articles and blogs, please check out our guides on how to increase your net worth.
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
Buy Colombia Property. Photo of Medellin. Photo credit: Unsplash. Thank you to Daniel Vargas.
Updated April 29, 2026. Everyone can buy and own property in Colombia, South America. If you are looking to invest in property in Latin America, especially if you are from another country, Colombia, South America, should be high on your list of destination choices. The Colombian people are friendly and they welcome foreigner people to Colombia. The climate is also very welcoming, with a variety of landscapes that will meet the needs of many buyers. As well, Colombia has one of the strongest performing economies. In addition, the price points for the real estate properties are particularly affordable in this Latin American region.
Consider Buying A Property Overseas
There are benefits that you might want to consider for buying real estate overseas. Andrew Henderson, from the YouTube blog Nomad Capitalist, emphasizes that people from the United States, Canada or Australia might want to sell their property in these countries and invest in overseas properties. Check out Andrew’s YouTube video called the Benefits of International Real Estate Ownership.
Andrew points out that the problem with investing in the U.S., Canada and Australia are that the property returns are low and the taxes are high. For example, in Australia the returns on rental properties are like 1 to 2% only! If you consider buying a property in another country many times the returns are much higher and you can have a friend run the property management for your off shore properties. But, not in Colombia, South America. The attractive reality is that everyone can buy and own property in Colombia!
Colombia Has Very Nice Rental Returns
Let’s take a look at the Colombian property rental revenues. If you buy a residential apartment to rent in Colombia, I would say you are looking at a minimum of a 12% average return. Then add in the increasing value of the real estate of 10% on average for the last three years. Not too bad, right! I first came to Colombia in 2005. I have watched every year as the economy and housing prices haven’t gone down, they just continue to increase. For this reason, the housing market in Colombia, South America is one of the best kept secrets in the world!
Looking For Global Asset Protection?
Another reason that people look at global real estate is the idea of asset protection. This is kind of like a form of government insurance. You can protect yourself not only on an asset basis, but you can protect yourself from some of the madness that’s going on around the world today because everyone can buy and own property in Colombia. To me, that is a win.
In addition, if you are a U.S. citizen or some other countries citizen that has foreign tax rules, this is one of the few ways that you can legally have a non reportable asset. For example, if you are a U.S. citizen and want to buy a house or some land overseas in another country you can do it. You can wire the money overseas and pay in cash.
There is not an IRS form on which you need to report. There is an FBAR, or an FATCA to report a lot of assets. But not for foreign real estate or in the precious metal of gold. This is fantastic, because in the U.S. you have to pay taxes on the income from any property. But if you want to park money in foreign real estate and enjoy the appreciation you can do it with relative safety and it is non-reportable.
Be Well Diversified In Your Investments
The last reason why you might want to consider buying foreign real estate is because doing so is part of being well diversified in your investments. Perhaps you have always dreamed of having a second home or vacation home in another country that you could go to spend part of your time. In Colombia, it is possible that you could get a residence permit by owning property here.
It is also possible that if you spend some time here in Colombia it can lead to a residency permit. Depending on the size of your Colombian investment, you can apply for a one-year or five-year visa. There is also the possibility that you can become a citizen as well. This citizenship gives you other opportunities as well. To give you an example, your Colombian real estate is also a safe and secluded place to go if you are worried about chaos in the world.
The Legal Process Of Buying Property In Colombia
If you are a foreigner, you can in fact buy property in Colombia. The Colombian government recognizes the importance of foreign investment. The good news is that the procedure is the exact same process for foreign individuals as it is for locals! The only requirements are you need to have a valid passport and sufficient funds for the purchase of the real estate.
No National Licensing Systems
The real estate market operates very differently than your home country if you are from North America or many Eurpean countries. Here in Colombia, there is no national licensing system in place. This is a turn around if you are from a country like the United States or Canada where the agents are always trying to ask for and demand the exclusive rights on your property.
As a result, not having a national licensing system in Colombia has led to a proliferation of real estate agencies called inmobilarias. Many investors will be surprised to find out that it is very uncommon for sellers to have exclusive agreements with what are called inmobiliarias. This is good news if you are used to paying much higher fees for buying or selling properties. If you have been paying high fees to brokers, you are going to really like the commission rates in Colombia.
Nice Commission Rates
The standard commission for real estate agents in Colombia is just 3%. The great news: quite often the 3% fee is split 1.5% and 1.5% between the buyers and sellers agents. In short, here in Colombia, the low commissions are very nice for buyers and sellers!
Highly Negotiable Property Prices
Overall, is important to point out that here in Colombia, in Bogota and Medellin for instance, it is not uncommon for a property to be for sale for many months before a buyer is found. So, the huge advantage is: most property prices are highly negotiable.
Hide The Fact That You Are A Foreigner
Have a real estate professional do the research on the properties that interest you, how long they have been on the market, and how motivated the sellers might be. I recommend always using a local agent to negotiate the price. Hide the fact that you are a foreigner because this may cause some type of discrimination. Here is the secret: only reveal that you are actually a foreigner after the Promesa de Compraventa has been signed.
Three Necessary Tips
Everyone can buy and own property in Colombia. Here are three more tips that you need to do.
Firstly, is to open a Colombian bank account. Again I highly recommend working with real estate team because this step can be a daunting one. So get the right help from the beginning. Your real estate team will be able to help you determine certain details such as whether to buy in your name or in your company’s name.
Secondly, make sure to leave a paper trail. Buying real estate is easy to mess up, but a smooth operation when done by professionals.
Finally, hire an attorney. Having a good attorney will help with the stresses of an international real estate venture.
Legal Process To Buy Colombian Real Estate
I have found an excellent article called How To Buy Property In Colombia: The Legal Process, written by the legal team Colombia at bizlatinhub.com. Below the the steps needed so that everyone can buy and own property in Colombia.
First, find the property that you are interested in investing in. Then acquire a Certificate of Tradition and Liberty or ‘Certificado de Tradición y Libertad’. The Certificate of Tradition and Liberty contains all the information about the property and the properties history.
The properties history includes ownership records, mortgage history, legal claims on the property as well as any works carried out on the property. This property work includes when significant work to the property has taken place.
You can request the Certificate of Tradition and Liberty at the Registry Office. Requesting the Certificate of Tradition and Liberty will cost $15,700 pesos. Or if you convert Colombian pesos to dollars,about $4.60 USD. Nice price right? Welcome to the prices of Colombia!
Taxes and Fees Of Buying Property In Colombia
You want to ensure that the previous owner has paid all of the outstanding taxes on the property. You need to obtain these two certificates directly from the owner:
Tax free property certificate (Paz y Salvo Predial). This certificate guarantees that all the municipal taxes on the property have been paid.
Tax free on value gained property certificate (Paz y Salvo Valorización). This certificate guarantees that all taxes have been paid on the increase in value of the property.
Buyers Fees
At the time of purchasing the property, the buyer must pay different taxes and fees which total 1.65% of the value of the property. The 1.65% value of the property consists of:
1% tax on the property’s value for the registration of the property.
0.5 % fee of the property’s value for the registration of the property.
0.15% fee of the property’s value for the notary.
Sellers Fees
The seller of the property must pay between 3.63% and 4.79% of the total value of the property in taxes and fees:
0.15% fee of the property’s value for the notary.
3-4 % (including 19%VAT – value added tax) fee of the property’s value for the real estate agents.
Final Step For Buying Property In Colombia
The final step to buying property in Colombia is the signing of the Public Deed or ‘Escritura pública’ and this will confirm you as the new legal owner of the property. The Public Deed is a written legal instrument and you must hire a notary to produce it. The following taxes and fees apply:
Public Deed Fees
0.25% fee of the property’s value for the notary.
1% of the value of the transaction as an advance payment to be applied to the Income Tax.
Once the Public Deed is paid for and signed, it gets registered at the Registry Office and then consequently at the Cadastre or ‘Subdirección de Catastro’ where you will be officially registered as the new owner of the property.
Buy And Own Property In Colombia
There you have it. In conclusion, everyone can buy and own property in Colombia! To prepare, I would definitely recommend doing more due diligence on specific property regions and areas that you may be interested in. I would also recommend looking at property in Bogota or property in Medellin. Both of these locations have the potential for excellent returns. If you have a question or need more help, please send me a message.
Did you know that there is actually an equation for wealth? I invite you to check out my blog on how to Build Unlimited Wealth With Money’s Untold Truth and achieve your dreams and living an amazing lifetyle.
Until my next blog, best wishes!
Deuteronomy 8:18. But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.
Matthew 7:8 NLT. For everyone who asks, receives. Everyone who seeks, finds. And everyone who knocks, the door will be opened.
Last Updated on April 29, 2026 by Financial Goodness
Financial Goodness
George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.
George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.
Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.
