By Gerald Tay (guest contributor)
Being “upside down” is usually a negative term when applied to financial matters. But in my book there are two positions when it comes to wealth: right side up and broke, or upside down and rich. Personally, I prefer upside down. The best way to build and maintain wealth, — once considered the “least likely to succeed”– is by adopting unconventional strategies you never think and hear from ‘experts’ when building wealth.
Here are four upside-down (unconventional) strategies employed by rich successful investors – in upside-down order of course.
- Strategy #4: Focus on ONE New Emerging Location and Segment
- Strategy #3: Become a “Low-Cost King”
- Strategy #2: Build Your Property Portfolio on a Mountain of Cash
- Strategy #1: “Remodel” Your Thoughts to Grow Positive Wealth
Note: The upside-down strategies should be geared towards preparing yourself financially for a property downturn or an economic chaos. Stay ...