Here and on my website, I share information about creating multiple income streams and building wealth ahead of retirement based on my own experiences. I do not manage investments for others and do not give financial advice.
Accredited Investor Definition
Here are the official rules the SEC has put in place to determine if you are an accredited investor. anyone who has:
1. Earned income over $200,000 for an individual, or $300,000 with a spouse, in each of the two preceding years, and expects to do the same for the current year
OR
2. Net worth exceeding $1 million, alone or with a spouse, excluding your primary residence.
Income rules -met consistently for 3 years either with a spouse or alone. It cannot be met 1 year with individual income, then the next 2 years with joint income, unless you got married that year.
It's important to know the definition of an accredited investor since many alternative investments are restricted to only accredited investors.
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This is financial education only and is not to be taken as personal financial advice since everyone’s situation is different. Learn personal finance and investing basics so you can embrace and lead your wealth with confidence!
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Camille Gaines
Financial Coach
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More Videos Recommended for you on accredited investors:
What Is an Accredited Investor? - Morris Invest
What is an Accredited Investor? - VerifyInvestor.com
Accredited vs Non Accredited Investor - Crowdability
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