The Top Ways to Invest OUTSIDE of the Stock Market in 2022

2022 has been a volatile year. Supply chain disruptions, inflation, and the war between Russia and Ukraine have all affected the economy. Many people are predicting a stock market crash, but no one knows when this will happen.

Are you getting ready for retirement? Most people are focused on saving money via the stock market. The game plan is the market will go up, which allows a person to have enough to live on in their golden years.

Investing in the stock market has never been easier.

Key Questions to Ask Yourself

Currently, the stock market is at all-time highs, with many expecting it to go even higher. While this sounds good, here are some important points to consider:

Question #1: What if the market crashes?

This is a real possibility. The stock market is in the midst of the greatest bull run in history. Many people might become complacent and assume the market will always go up, but that isn’t realistic. The stock market does not go straight up. Throughout the history of the stock market, there have been many corrections and pullbacks:

While the stock market trends upwards, there have been pullbacks along the way. Prudent investors understand this and are prepared for this possibility.

Question #2: What if I can’t afford to retire, but I’m physically unable to work?

This is a real possibility as well. Some people may be too sick to work. Or, they can only do certain jobs due to physical limitations. In both instances, they could find themselves in serious financial jeopardy.

Question #3: What if I outlive my savings?

Thanks to exploding healthcare costs, a person’s savings can be wiped out in a few short years. In addition, inflation, medical emergencies and assisted living facilities can quietly eat up a person’s savings as well. This could mean having to return to the workforce even if they don’t want to.

 These are just three reasons a person must look at ways to generate wealth and make investments OUTSIDE of the stock market. One of the best strategies is to accumulate ASSETS.

The Power of Asset Accumulation

There are several meanings of the word “asset,” but for this article we’ll use this definition:

“Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.”

Many people consider their house an asset, but when using this definition, the house you live in is not the best definition of an asset. A true asset will make money for you and help you pay the bills, not be a bill itself. In addition, you should not have to sell the item or lose ownership to reap the benefits of it being an asset.

If you believe your home is an asset, ask yourself the following questions:

  • If you lose your job tomorrow, will your home generate revenue for you?
  • Can your home help you pay bills?
  • Do you have to work and pay expenses to keep it running smoothly?
  • If you lose your job, do you risk losing your home because you can’t afford to pay the mortgage?

Depending on your answers, your home could be viewed as a liability, not an asset.

Popular Assets To Own

Top examples of assets to own outside of the stock market in 2022 and beyond include the following:

  • Rental property
  • Vending machines
  • Businesses
  • Write best-selling books (author)
  • Create inventions
  • Cryptocurrencies
  • Franchises
  • Fine art
  • Bonds
  • Precious metals (gold & silver)

Which asset is best? there is no “best” asset. The key is to do your research and determine which assets best fit your investment goals and comfort levels.

Chris Brown owns over a dozen Burger King restaurants.

A popular idea is to diversify: own several different assets. For example, one person may own rental property, cryptocurrencies and a few franchises. Another investor may have precious metals, vending machines and sell books. Each person is different but the end goal is the same: Find assets you like and accumulate them over time.

Want to learn about generating passive income? Register for our online course HERE.

Benefits of Owning Assets

The key is to benefitting from this strategy is to own as many assets as possible. This is the same philosophy as owning shares: the more stock or mutual fund shares you own, the better.

Owning assets are the key to being financially free for several reasons:

  1. Assets have value. Unlike televisions, cars, clothes, cell phones or other consumer products, assets retain their value after they are purchased. The best assets can actually increase in value over time.
  2. Assets can generate cash flow. Many assets can provide a monthly income. This makes them useful and valuable now as opposed to years later if you have medical bills or cannot work.
  3. Assets can be passed down from generation to generation. The owner of an asset controls that asset, and can pass it down to heirs who can continue enjoying the cash flow it generates.
  4. Benefits of assets can be enjoyed sooner than later. Unlike retirement accounts that can’t be used until age 65, the cash flow from assets can be enjoyed immediately.
  5. Decreased need for a retirement account. A retirement account is primarily for those who are no longer working after they reach age 65. If a person owns assets, they will continue to make money indefinitely, decreasing the need for a retirement account,. If the cash flow is large enough, a person can retire before the retirement age.

The average person is unaware how lucrative owning assets can be. Unfortunately, we are taught to focus on the stock market and saving for retirement. The stock market is just one way to invest. Owning assets is another. The more assets a person has, the greater chance they have of having monthly cash flow.

Call To Action

Investing in the stock market and buying mutual funds is just one way to save for retirement. By accumulating assets, a person may be one day closer to achieving their financial freedom. Another benefit of accumulating enough assets is the cash flow they provide could give you the ability to retire early, giving you the time to do things you wanted to do instead of work.

Start accumulating assets today. Your bank account will thank you.

Get more tips in my books Invest For Success: Millionaire Wealth Strategies Not Taught in School, and From Passion to Profit: How To Make a Living as a Writer. Yes, your books are assets too! Both books are available on Amazon.

This information isn’t discussed in school, but kids can benefit from this information as well. Download a FREE copy of our book Planting Seeds: The Children’s Guide to Entrepreneurship HERE.

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