Member-only story

How Diversifying into 8 Asset Classes Can Simplify Your Financial Life

Diarmaid McMenamin
4 min readMar 29, 2024

--

Photo by Crissy Jarvis on Unsplash

www.building-out.com

So, if you are sitting there thinking you want to get out of the rat race and build a life of time and financial freedom, there’s good and bad news.

Good news — you are in the right place.

Bad news — it will take some education and effort.

In reality, there are only three ways to achieve this:

  1. Learning how to invest
  2. Start your own business
  3. Coming into a large amount of money — inheritance, lottery win, etc.

However, combining 1 and 2 or both gives you the greatest chance of success.

Getting educated in the world of investments has been a game-changer for me, and you’ll find it fascinating, too. In reality, you will

Let’s start by understanding the basic asset classes you want to invest in.

Let’s unpack the treasure chest of investing, exploring the eight key asset classes.

Shares (Stocks/Equities)

Imagine owning a slice of your favourite coffee shop or tech giant. That’s what buying shares or stocks is like. It’s cool because if the company does well, so do you, either through the share…

--

--

Diarmaid McMenamin
Diarmaid McMenamin

Written by Diarmaid McMenamin

Helping busy, time-poor professionals build a life of time and financial freedom by improving financial education and investing in property.

Responses (1)