Meet Chris Naugle, a real-life example of rags to riches. Only, he learned from his struggles and built upon them. Today, America popularly knows him as the Money Mentor, a successful entrepreneur who currently manages 30 million assets in the financial services and advisory industry. Chris has millions invested in real estate and an HGTV pilot series since 2014. He has so far owned 16 companies with his dealings being featured by ABC, Forbes, and House Hunters. He is the founder of the Money School™, co-founder and CEO of FlipOut Academy™, and Money Mentor for The Money Multiplier.
He rules money, as simple as that! With his exemplary knowledge of how money works, he empowers people from every walk of life. Chris helps people break the everlasting chain of the financial mess. As Andry Audate puts it, “Chris is an exceptional teacher. He taught me and my audience how to build wealth.” Chris Naugle avidly speaks on the power of weighted money choices. One of his key specialties is guiding people in creating fortune that serves them and lasts enough for the next generation. He shares three prominent tips to create generational wealth.
Invest in Real Estate
Real Estate investing majorly depends on cash inflow. Understand the sector well before starting. You need to manage every service related to the property. You can invest in commercial properties, residential houses, industrial properties, studios, and so on. Chris swears by the security and leverage Real Estate brings over other prominent ways of investing.
One can even buy old houses and flip them after renovating and refurbishing them. It is time-consuming but worth the effort in the long run.
Create a banking system to pass down
Family businesses are built over time. Brick by brick, plan by plan, a business establishes itself. However, Chris has educated the masses on how to multiply money by creating an efficient banking system. This system not only safeguards your money but also earns your guaranteed returns like investing in insurance policies. Savings will only help generations to build on it.
Invest in Stocks
Stocks appear scary, but if invested strategically, they can contribute to a considerable wealth over time. If you plan to create enough assets for the upcoming generation, stocks can be an excellent option. Chris Naugle suggests, start with the day trade. This will help you collect enough sum to buy a property to rent or flip in the long run. Real Estate is a secure way of adding value to your good dollars.