If you've ever sat down to talk to me about money, I'm sure you probably found me to be quite opinionated about the subject. You see, I believe the topic of money is either black or white, without the shades of grey to get in the way. Yet, people still view it through gray, smudged lenses. Some people think of money as a static, papery substance that should sit in the bank to slowly gather interest (or under the mattress to slowly gather dust). There's this "save, save, save" mentality, which is fine if you don't want to see your money until you, yourself, are shades of grey.
Although many people are more interested in the conservative and, they believe, safer way to handle money, I on the other hand believe money is dynamic and should remain in a constant state of flux. That is why I believe investing it in real estate makes more sense since it yields an impressive, more rapid return.
At this point, you may be saying, "But Lee, the market is terrible right now?" The fact is, it's not. In reality, it's a buyer's dream. In the stock market, when things are not going well, smart people buy up cheap stocks. The same goes for real estate. When the housing market takes a plunge, smart people snatch up homes at killer prices. I'm not the only one who believes this philosophy. CNN recently seconded my opinion in their website's Money section. The article simply stated that right now "is the best time to buy a house in four years." Not only is it the best time, but you can also get a lot more house for less money. Also, preforeclosures are really hopping right now.
In the end, my advice is what it has always been—pull your money out of savings, dig every last dollar bill out from underneath your mattress and invest, invest, invest in real estate (Doing it my way of course.)
Also my attorney reminded me that I am not properly licensed to tell you what to do with your money. So, for all of you nitpicky people, these statements are only opinions. The rest of you will quickly identify that my "opinion" is dead on. Kudos to all you geniuses out there.
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