You specifically place this “land” in a high-traffic area, where lots of people pass through (just like traditional real estate, it’s all about Location, Location, Location). Here’s a quick summary of how Digital Real Estate works: You invest a little money (maybe around $100) to either purchase or build a piece of “land” on the internet. The internet’s been around for decades, but the possibility of actually owning high-value pieces of property ON the internet is fairly new. In other words, it’s a wide open playing field…but it won’t stay that way forever. So how does the everyday person start building a massive net worth in an economy like this one? Now, though, real estate prices are through the roof, and interest rates are skyrocketing too. Which is cool, except the last real recession was 2008, when real estate prices were in the tank and you could buy a whole neighborhood with $100,000. See, more millionaires are created during recessions than any other part of the economic cycle. And that’s great for them! Not so much for us… Many of the more famous rich people and “celebrity entrepreneurs” actually got their start in real estate.
The one thing that’s well-known about ultra high net worth individuals (UHNWs) – the folks worth at least $30 million USD – is that virtually ALL of them have some part of their fortune in real estate.
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