Building Personal Wealth Through Alternative Investments with Denis Shapiro #57

My guest today, Denis Shapiro, was working for the government when he realized that the government was not only his employer, but also his business partner because they were sharing so much of his profit through taxation. This led him to look for ways to earn income while paying less taxes. He tried stocks, but watched 2-3 years of returns get wiped out in 2-3 weeks. He also tried real estate and noticed that his real estate investments continued performing well regardless of the market. This led Denis to explore the world of alternative investments and eventually write a book: The Alternative Investment Almanac: Expert Insights on Building Personal Wealth in Non-Traditional Ways eBook : Shapiro, Denis, Picozzi, Lisa : Amazon.ca: Kindle Store

Today, Denis is an expert on alternative investments. He believes the stock market is best used as a long term, passive investing strategy. Alternative investments, like apartment buildings, mobile home parks, self-storage, whole life insurance, etc., offer many benefits that the stock market and other asset classes don't offer. These alternative investments provide monthly, passive income, tax advantages, allow you to use leverage, don't fluctuate with the market, and allow you to build long-term wealth. Many consider the lack of liquidity that comes with these alternative investments to be a negative aspect, but Denis considers this a benefit because it keeps everyone from seller and causing volatility in the prices like what you see in the stock market. 

Book Recommendation: The Five Love Languages by Gary Chapman

Prayer Request: For success with his new book and the fund so that he can continue to help others increase their income without the volatility of the stock market. 

Connect with Denis: Website: Home - SIH Capital Group, LinkedIn: (12) Denis Shapiro | LinkedIn

Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: [email protected], Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn

Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad