Introducing Wealthi Wednesdays, a new segment that is a part of season 2 of the Wealthi Podcast!
In this weeks episode, Domenic explains what it means to be wealthy and for this to be achieved, your passive income needs to be greater than your total expenses. He explains that it is possible for you to build up your passive income through a variety of ways but at Wealthi, we love property. Property is a valuable investment as you are able to receive a stable return (it is consistent), you receive a tangible asset and you are able to get a lot of leverage.
Furthermore, Domenic explains the benefits of brand new property. With this kind of property, you have a passive investment as is safe and reliable and you are also able to gain good capital growth while receiving a small amount of passive income. This ultimately gives you the opportunity to purchase more properties and develop a solid foundation, which will lead to more advanced strategies.