Rapper T.I. is known for his music, but he’s also a savvy investor. In a recent interview, he shared his advice on investing, and it’s something that people who are ready to diversify income streams can take to heart.
T.I. said that he prefers to invest in real estate rather than cars or jewelry. He explained that cars and jewelry are depreciating assets, meaning that they lose value over time. Real estate, on the other hand, is an appreciating asset, meaning that it gains value over time.
This is important for people to keep in mind, as they start to think about their financial future. Cars and jewelry may seem like flashy investments, but they’re not the best way to build wealth. Real estate is a much more stable and reliable investment that can help you reach your financial goals.
In addition to being an appreciating asset, real estate can also provide you with a steady stream of income. If you rent out your property, you can use that income to pay down your mortgage or invest in other assets. This can help you build wealth even faster.
Of course, investing in real estate is not without its risks. You need to make sure that you do your research and understand the market before you make any investments. But if you’re willing to put in the work, real estate can be a great way to build wealth for the long term.
Here is the quote from T.I., with the financial terms explained:
“I’d rather invest in real estate — invest in some assets as opposed to trick all my money in diamonds and cars — it look good but at the end of the day you’re losing value. It ain’t appreciating, it’s depreciating. (I’m trying to get) a real asset. Take care of my people.”
- Depreciating asset: An asset that loses value over time. Cars and jewelry are examples of depreciating assets.
- Appreciating asset: An asset that gains value over time. Real estate is an example of an appreciating asset.
- Mortgage: A loan that you take out to buy a property.
- Rental income: The income that you earn from renting out a property.
- Market: The supply and demand for a particular asset.
If you’re ready to diversify your income streams and build wealth for the long term, taking T.I.’s advice and investing in real estate may be an option. It’s a wise investment that can help you achieve your financial goals.