Ariah-Hossein Rastegar - Habits of the Wealthy
Ariah-Hossein Rastegar is a successful entrepreneur that has made a considerable amount of money in the real estate investment field. Wealthy individuals like Mr. Rastegar don’t become that way by accident. The wealthy tend to develop a number of habits in order to achieve their dreams.
Here are a few common habits of wealthy individuals:
Meditation – Not just for those who enjoy yoga, meditation is often practiced by a number of successful people. For instance, Ray Dalio, founder of Bridgewater Associates, said that meditation has been a vital ingredient to his success over the years. Mind and body relaxation has helped the successful focus on a goal and achieve it.
Networking – This is a powerful tool for success. Wealthy people tend to learn early on the importance of networking. Making connections often relies on being open, sincere, and empathetic to others. Wealthy people tend to gain influence and friends simply by being genuine and helpful.
Stay Busy – The wealthy are scarcely found being idle. Big names like Ken Griffin have been known to work sixty, eighty, and even one hundred hours a week. That kind of work ethic is how many entrepreneurs succeed.
Know When to Say No – According to Warren Buffet, “The difference between successful people and really successful people is that really successful people say no to almost everything.” What the investor mogul meant was that successful people don’t waste time on activities that take away from their productivity.
Ariah-Hossein Rastegar and other successful individuals have certain habits that have allowed them to become wealthy.
Ariah-Hossein Rastegar - How to Invest With Minimal Risk
There are multiple low-risk investments that can produce modest returns for cautious investors. Some real estate investors like Ariah-Hossein Rastegar of Rastegar Capital, may suggest that the risk-adverse investor consider a few possibilities that may work with their approach to investing. Bank options like savings accounts and savings bonds may sound appealing, but both provide little to no return. Here are some other options to consider that can give the cautious investor a decent return.
Bank Certificates of Deposit (CDs) require the investor to keep the invested funds in the CD until the end of the term, but there will be a payout due to the interest rate as long as the funds are not removed early.
Money market funds are another feasible consideration. Made up of short-term bonds, CDs, and a variety of other investments, money market funds allow significant diversification without high risk. These safe investment options also allow funds to be removed at any time without penalty.
Rastegar and other respected investors also advise wary investors to consider dividend-paying stocks, which are riskier than savings accounts and government bonds, but end up giving investors both the dividend and stock-price appreciation values. In this way, investors are getting a regular income from the dividend-paying stocks as opposed to receiving only price gains from basic growth stocks.
Additionally, investors like Ariah-Hossein Rastegar recommend examining peer-to-peer lending. In this scenario, the investor lends his money to another person with the expectation of being repaid. Working with a peer-to-peer lending company, like Lending Club or Prosper, can help reduce the chance of default and allow investors to gain modest returns without the high risk.
Ariah-Hossein Rastegar - Money Secrets of a Millennial Millionaire
Achieving millionaire status is possible for members of the millennial generation. Ariah-Hossein Rastegar, founder and CEO of Rastegar Capital, and other younger millionaires like Lewis Howes and Mark Zuckerberg, reached their respective financial statuses through patience, careful study, and meditation.
Millennials should start their path to wealth by saving as much money as early as possible. Time used wisely will work to the benefit of this generation. Patience is also necessary, and if being a millionaire is the goal of a millennial, he needs to make every effort to sacrifice early and live below his means. Skills are also vital to attaining millionaire status.
The youth that develop difficult skills that are in high demand will earn a higher income. Business classes are available for millennials who desire to establish and perfect the skills needed to become wealthy. Learning to stay on budget, invest properly, and live frugally can help millennials become millionaires.
Prestigious millionaires like Ariah-Hossein Rastegar emphasize the need for millionaires to use meditation as a path to enlightenment and as a way to stay focused and healthy amidst the stresses of attaining and retaining a high financial level. Rastegar states that “Health and wellness is a three-legged stool […] attending to your body, mind, and soul for balance.” Rastegar credits his belief in himself, along with training and hard work, as reasons for the fortune he has amassed. Success is unlikely to come to an individual who does not take care of these critical aspects of the self.
Ariah-Hossein Rastegar, founder and CEO of Rastegar Capital, and other prosperous businessmen like Ken Griffin and Warren Buffett, share key tactics that the average American can use to recession-proof his finances. Weathering economic uncertainties during a recession is a strategy that many investors desire. A recession is a slowdown in economic activity that results in shrinking interest rates, investment losses, high unemployment rates, and a decline in home values.
Some common sense steps that an individual can take to protect himself from an economic downturn are to cut debts and rates, develop an emergency fund with at least six months’ worth of cash on hand, and overpay on his mortgage. The latter option is generally the largest monthly bill for an individual, and taking time to reduce this particular debt will alleviate some personal economic stress if the economy falters.
A smart investment strategy to prepare for surviving a recession is to diversify investments and revenue streams. Reviewing the investment portfolio and considering rebalancing can help create a portfolio that can survive the difficulties of a failing market. Consider investing in income-producing assets such as peer-to-peer investing or purchasing rental property to generate a source of passive income.
People concerned with preparing for a recession can also look to investors like Ariah-Hossein Rastegar of Rastegar Capital for investment advice during economic uncertainty. Rastegar and other investors also propose diversifying into hedge funds as a means of economically preparing for the worst. For example, gold and other metals are viewed as hedges against inflation. With adequate savings, investment diversification, and low amounts of debt, surviving a recession is possible.