Many people are in search of short term investment strategies to help grow their money a shield it against inflation. There are several options to choose from when it comes to this type of investment.
Some formulas are lower risk than others largely the goal with any type of investment whether it is the long or short term is to protect the capital and receive the largest gains with the least amount of risks.
It is just a simple truth to finance, making money requires risk, the more risk the more potential. Of course risk should always be peppered with a bit of common sense. If this is something you are setting to do on your own, than you should absolutely consider gathering as much information as possible. Review as many strategies as possible to get a broader view of the possibilities. Knowledge is certainly power especially when it comes to investment.
Investment Vehicles
There are some investment vehicles that are much safer than others when it comes to the short term. A lot of shorter term investment strategies revolve around bonds or other treasury notes. Short term bonds combined with other investment vehicles will give you opportunities to collect higher yields within a low risk environment.
Investing in government debt is a favored investment strategy because the risk is so low. In almost every instance of this kind of investment the returns will be decent and the risk is very close to zero. Now with this strategy it is important to understand that the yields are not going to be through the roof but they will be decent and your principal will be well protected.
Other investment strategies include diversifying in equities of course this will come with much greater risks. The capital investment will be at risk with any stocks, indexes or other equity vehicles. Of course with greater risks there will come higher yields. Some folks are much more ready to lose their principal if it means they may be on the winning side of things and gain higher yields.
Click here to learn more about short term investments such as a fixed rate bond.
Article Source: http://EzineArticles.com/?expert=Mary_L._Thompson
Sunday, June 27, 2010
Saturday, June 26, 2010
Wine Investing - What Makes Investing in Wine a Good Choice?
There are many good things to say about investing in wine, especially when compared to other investment products typically available to investors. For one thing it can give fantastic yields of up to 30% a year, and has also out performed the stock market for three decades.
Wine is good as both a short term investment (one year) and long term investment (5 years) and is hedged by the fact that it is always in demand with an ever diminishing supply.
Wine is less volatile than the stock market, and is backed by a real non speculative market to be sold onto which helps keep the prices from massive fluctuations.
Wine is a tangible asset that you own, which can give you grater security to that of money invested into a fund, which may end up being used as working capital.
Unlike other investments wine has a low barrier to entry and is suitable for investors from a wide range of financial status.
Unlike stocks and shares you don't need to be an expert to make money with investing in wine, if you choose the right merchant they should be able to give you all the advice you need to get the right portfolio up and running.
No capital gains tax in the UK, in England wine is considered as a wasting asset and is except from paying capital gains tax on the profits of your investment.
Freedom to sell when ever you like, it is fairly easy to sell on and cash in your wine investment which gives you a level of liquidity that may be lacking from other investment opportunities
Summary:
Looking for free advice and more information about investing in wine? Then visit our website and get a free investor pack now: www.lifestyleinvestments.org
Article Source: http://EzineArticles.com/?expert=Jeff_Borne
Wine is good as both a short term investment (one year) and long term investment (5 years) and is hedged by the fact that it is always in demand with an ever diminishing supply.
Wine is less volatile than the stock market, and is backed by a real non speculative market to be sold onto which helps keep the prices from massive fluctuations.
Wine is a tangible asset that you own, which can give you grater security to that of money invested into a fund, which may end up being used as working capital.
Unlike other investments wine has a low barrier to entry and is suitable for investors from a wide range of financial status.
Unlike stocks and shares you don't need to be an expert to make money with investing in wine, if you choose the right merchant they should be able to give you all the advice you need to get the right portfolio up and running.
No capital gains tax in the UK, in England wine is considered as a wasting asset and is except from paying capital gains tax on the profits of your investment.
Freedom to sell when ever you like, it is fairly easy to sell on and cash in your wine investment which gives you a level of liquidity that may be lacking from other investment opportunities
Summary:
Looking for free advice and more information about investing in wine? Then visit our website and get a free investor pack now: www.lifestyleinvestments.org
Article Source: http://EzineArticles.com/?expert=Jeff_Borne
Wednesday, June 23, 2010
Advice About Gold Investment!
In recent years there has been a boom in the price of gold and this has led many people to develop an active interest in investing in gold & other precious metals.
Despite what many pundits claim, no one can predict future price movements of any commodity or stock, so in this article I want to lay out some guidelines that will increase your chances of your gold investment being profitable.
The first- most obvious point is that to make money on any investment you need to "buy right". That is actually buy what you expected and pay a reasonable price for it.
The cheapest ways to buy gold, in sequence, are: bars (Ingots), Krugerrands & American Gold Eagles.
If you live in the UK, the gold eagle will probably be replaced in this list by the gold sovereign. Sovereigns also have the advantage of being exempt from C.G.T. (Capital Gains Tax) in the UK.
Once you leave this small group of coins prices rise rapidly and your opportunity for pure gold investment profit falls.
Having said that, some of the coins not mentioned, often provide greater potential for numismatic gains- but that is a different story.
The next point is, you have to be conscious that one day you plan on selling this investment. Therefore you need to be aware of what your exit strategy will be.
Who will you sell to? In what quantity? Do you want to sell small quantities over a period of time?
From these three choices, gold ingots can, at first glance, be usually purchased for the lowest percentage premium over the gold "spot" price.
It is not widely appreciated that the price for a single one ounce bar is usually exactly the same as for a single one ounce Krugerrand- and in quantity Krugerrands often work out cheaper. The reason is that there is a vibrant market that "knows" what a Krugerrand is -whereas some one ounce ingots especially those from lesser know smelters, seem to carry a slight cloud of suspicion (it's as if you have to "prove the ingot is good").
However, if you plan on investing more money in gold, the larger bars, such as one kilo sell for a lower percentage premium than Krugerrands. But, again, they are not as easy to resell. You will need to visit a bullion dealer to get a good purchase price for gold bars. Would a restriction like this affect you?
Another issue with the larger bars is that you can't simply sell a portion of it when you want to!
The American Gold Eagle:
This has many of the same advantages as the Krugerrand. It is a widely recognized and traded coin. It sells (normally) for marginally more than Krugerrands- but depending on where in the Country you are, you may be able to get the same price as a Krugerrand. It is a superior looking coin and would get my "thumbs up", as the bullion coin of choice.
The final piece of Gold investment advice could be considered common sense- but it bears repeating:
Buy when prices are low!
Whatever you invest in, be it stocks, bonds or gold buy when the price is low rather than high!
The recent boom in the gold price has in part been driven by people hearing about the price rises in the media and trying to jump on the bandwagon.
If you are just finding your feet in the gold investment world, it may be wise to watch, learn and wait till prices pull back before investing.
Until next time,
Happy Gold Investing,
Paul
If you would like to learn more about gold & bullion coins, then visit my websites for free information:
http://www.buybullioncoins.com/blog/
http://www.value-of-gold-coins.com
Despite what many pundits claim, no one can predict future price movements of any commodity or stock, so in this article I want to lay out some guidelines that will increase your chances of your gold investment being profitable.
The first- most obvious point is that to make money on any investment you need to "buy right". That is actually buy what you expected and pay a reasonable price for it.
The cheapest ways to buy gold, in sequence, are: bars (Ingots), Krugerrands & American Gold Eagles.
If you live in the UK, the gold eagle will probably be replaced in this list by the gold sovereign. Sovereigns also have the advantage of being exempt from C.G.T. (Capital Gains Tax) in the UK.
Once you leave this small group of coins prices rise rapidly and your opportunity for pure gold investment profit falls.
Having said that, some of the coins not mentioned, often provide greater potential for numismatic gains- but that is a different story.
The next point is, you have to be conscious that one day you plan on selling this investment. Therefore you need to be aware of what your exit strategy will be.
Who will you sell to? In what quantity? Do you want to sell small quantities over a period of time?
From these three choices, gold ingots can, at first glance, be usually purchased for the lowest percentage premium over the gold "spot" price.
It is not widely appreciated that the price for a single one ounce bar is usually exactly the same as for a single one ounce Krugerrand- and in quantity Krugerrands often work out cheaper. The reason is that there is a vibrant market that "knows" what a Krugerrand is -whereas some one ounce ingots especially those from lesser know smelters, seem to carry a slight cloud of suspicion (it's as if you have to "prove the ingot is good").
However, if you plan on investing more money in gold, the larger bars, such as one kilo sell for a lower percentage premium than Krugerrands. But, again, they are not as easy to resell. You will need to visit a bullion dealer to get a good purchase price for gold bars. Would a restriction like this affect you?
Another issue with the larger bars is that you can't simply sell a portion of it when you want to!
The American Gold Eagle:
This has many of the same advantages as the Krugerrand. It is a widely recognized and traded coin. It sells (normally) for marginally more than Krugerrands- but depending on where in the Country you are, you may be able to get the same price as a Krugerrand. It is a superior looking coin and would get my "thumbs up", as the bullion coin of choice.
The final piece of Gold investment advice could be considered common sense- but it bears repeating:
Buy when prices are low!
Whatever you invest in, be it stocks, bonds or gold buy when the price is low rather than high!
The recent boom in the gold price has in part been driven by people hearing about the price rises in the media and trying to jump on the bandwagon.
If you are just finding your feet in the gold investment world, it may be wise to watch, learn and wait till prices pull back before investing.
Until next time,
Happy Gold Investing,
Paul
If you would like to learn more about gold & bullion coins, then visit my websites for free information:
http://www.buybullioncoins.com/blog/
http://www.value-of-gold-coins.com
Tuesday, June 22, 2010
A Lesson on Time Management
For Silicon Valley engineers Time Management Training, like CPR (Cardiopulmonary Resuscitation) class and Human Resources Development training, often conflicts with their busy workload. It may last several hours (or even days) and can take away valuable time needed on crucial projects. Traditionally, time management training encompasses some of the following:
* Seminars given by recognized industry experts geared for corporate groups.
* Analyzes of the habits of highly effective people.
* Time management strategies aimed at groups.
* Promises of increased production and efficiency (20% or more).
* Targets motivation, morale and job satisfaction; reduced employee job turnover.
* Designed to eliminate piles of paper and work desk clutter.
* Effective time management (planning, organizing, goals, priorities)
Most training programs are good tools for the workplace and answer management's needs. Budgets are readily available and the programs identify overall employee problems. However, they are developed for general audiences; let's say corporate workers. Few of these programs target both the professional and personal growth of the Silicon Valley engineer.
Time management training for employees targets groups of people. Engineers are often included with HR, finance, and administrative personnel and time management training is geared more for the static environment of "office personnel" rather than the dynamic world of engineering-deadline riddled projects. The engineer's personal life, if it is addressed at all, is usually given a token amount of time.
Time management training courses cost hundreds to thousands of dollars per employee and are usually paid by the company. Training can last more than a day and the engineer may have prior work commitments. Many engineers will be forced to bring their lap tops to class to track crucial projects and answer e-mail. Given these factors the time management training is not always ideal for the engineer.
What would be helpful is a training program designed specifically for the Silicon Valley engineer to complete when time permits (usually after work, and involving the family). An e-book laser targeted for the specific needs of the engineer, taking into account both the engineer's professional and personal goals (family life) would be an ideal vehicle for this purpose.
Many Silicon Valley engineers are forced to seek out training on their own and typically Google "time management" on the internet for information. Since they don't have the time to make a thorough search they often sign up for expensive and time consuming courses. A good time management training program should address these issues:
* A program that speaks to the engineer, not a corporate group
* A program that gives results within 90 days
* A streamlined, laser pointed e-book (less than 50 pages) that can be easily read and understood
* A program targeted for an engineer's professional and personal growth
* An inexpensive program that offers a step-by-step bulleted point plan
Doyle Matthews is a former U.S. Foreign Service officer and civilian radio engineer who has had over sixty-five visas stamped in a shoebox full of passports (including diplomatic). He has written four novels, two of which are in publication http://doylematthewsnovels.com Nowadays, he spends his time between Los Angeles and Bangkok. The two "City of Angels" provide provocative material to populate his "idea" files for future stories and articles.
Mr. Matthews' current passion is to help stressed out overworked Silicon Valley engineers, who are beset by deadlines to find the time to grow as individuals and get a life. http://doylematthewsnovels.com/engineers-guide
* Seminars given by recognized industry experts geared for corporate groups.
* Analyzes of the habits of highly effective people.
* Time management strategies aimed at groups.
* Promises of increased production and efficiency (20% or more).
* Targets motivation, morale and job satisfaction; reduced employee job turnover.
* Designed to eliminate piles of paper and work desk clutter.
* Effective time management (planning, organizing, goals, priorities)
Most training programs are good tools for the workplace and answer management's needs. Budgets are readily available and the programs identify overall employee problems. However, they are developed for general audiences; let's say corporate workers. Few of these programs target both the professional and personal growth of the Silicon Valley engineer.
Time management training for employees targets groups of people. Engineers are often included with HR, finance, and administrative personnel and time management training is geared more for the static environment of "office personnel" rather than the dynamic world of engineering-deadline riddled projects. The engineer's personal life, if it is addressed at all, is usually given a token amount of time.
Time management training courses cost hundreds to thousands of dollars per employee and are usually paid by the company. Training can last more than a day and the engineer may have prior work commitments. Many engineers will be forced to bring their lap tops to class to track crucial projects and answer e-mail. Given these factors the time management training is not always ideal for the engineer.
What would be helpful is a training program designed specifically for the Silicon Valley engineer to complete when time permits (usually after work, and involving the family). An e-book laser targeted for the specific needs of the engineer, taking into account both the engineer's professional and personal goals (family life) would be an ideal vehicle for this purpose.
Many Silicon Valley engineers are forced to seek out training on their own and typically Google "time management" on the internet for information. Since they don't have the time to make a thorough search they often sign up for expensive and time consuming courses. A good time management training program should address these issues:
* A program that speaks to the engineer, not a corporate group
* A program that gives results within 90 days
* A streamlined, laser pointed e-book (less than 50 pages) that can be easily read and understood
* A program targeted for an engineer's professional and personal growth
* An inexpensive program that offers a step-by-step bulleted point plan
Doyle Matthews is a former U.S. Foreign Service officer and civilian radio engineer who has had over sixty-five visas stamped in a shoebox full of passports (including diplomatic). He has written four novels, two of which are in publication http://doylematthewsnovels.com Nowadays, he spends his time between Los Angeles and Bangkok. The two "City of Angels" provide provocative material to populate his "idea" files for future stories and articles.
Mr. Matthews' current passion is to help stressed out overworked Silicon Valley engineers, who are beset by deadlines to find the time to grow as individuals and get a life. http://doylematthewsnovels.com/engineers-guide
Thursday, June 17, 2010
How to Put a 'GREAT VALUE' Tag on Yourself and Watch the World Come After You With Their MONEY!
If you are still lacking Financial Prosperity, then it is time to put a 'GREAT VALUE' tag on yourself and watch the world beat a new path to your doorstep with their money in their hands! This short article tells you how. Please read on!
If you are still wallowing in poverty or financial dire straits, then it is time to unleash or top-up your inherent VALUE to the world. One sure way to change your financial status is to improve yourself and your competences in as many ways as you can. By improving yourself, you improve your circumstances.
When you become better, you increase your capacity to add value to other peoples' lives. And when you better the lives of others, your own life certainly gets better. That is the Law of Competence. The key is to acquire useful knowledge.
We say that knowledge is power. We also know that money is power. Therefore by simple logic, knowledge is money. However, knowledge is money only when such knowledge is useful, applicable, valuable and convertible into money. Therefore, not all knowledge equates to money. It is only knowledge that is useful, valuable, applicable or convertible into money that is power.
The level of financial reward attached to any knowledge depends on its usefulness or perceived value in a particular environment. The more useful and convertible your knowledge is, the more money it can generate for you or whoever applies it. As an employee, professional, expert or consultant, you are paid, not for what you know, but for what you do or could do with what you know. Useful knowledge is money.
When your knowledge is properly organized, packaged and directed towards the solution of societal problems, the satisfaction of human needs and wants, or the provision of in-demand products and services, it automatically converts into Money because it creates Value. And as you already know, "one sure way to get what you want is to help enough other people get what they want". Bill Gates, one of the richest men on planet earth, did just that by giving the world his Microsoft WINDOWS computer operating system software, which runs in over 60% of all computers in the world.
When you acquire useful knowledge, and put it to work for the provision of services or the satisfaction of the needs and wants of many others, you activate the inflow of riches into your life. Therefore, your best ever financial investment in life is to acquire useful knowledge that empowers you to create and add Value (wealth) to our world.
You can make yourself very valuable and highly sought-after by developing your capacity to provide something of great value that many people want and are ready to pay for. Your ability to create value, whether with head or hand, is your greatest asset for financial freedom.
Indeed, Knowledge is Money! But remember that it is not just what you know, but what you do with what you know, that makes all the difference, and puts you firmly on the golden ladder to wealth and prosperity. Propel yourself unto greater financial heights by using what you know to get what you want.
© Jay Onwukwe
Jay is Author: The WEALTH SECRETS You Must Know Before 40.
If you are still wallowing in poverty or financial dire straits, then it is time to unleash or top-up your inherent VALUE to the world. One sure way to change your financial status is to improve yourself and your competences in as many ways as you can. By improving yourself, you improve your circumstances.
When you become better, you increase your capacity to add value to other peoples' lives. And when you better the lives of others, your own life certainly gets better. That is the Law of Competence. The key is to acquire useful knowledge.
We say that knowledge is power. We also know that money is power. Therefore by simple logic, knowledge is money. However, knowledge is money only when such knowledge is useful, applicable, valuable and convertible into money. Therefore, not all knowledge equates to money. It is only knowledge that is useful, valuable, applicable or convertible into money that is power.
The level of financial reward attached to any knowledge depends on its usefulness or perceived value in a particular environment. The more useful and convertible your knowledge is, the more money it can generate for you or whoever applies it. As an employee, professional, expert or consultant, you are paid, not for what you know, but for what you do or could do with what you know. Useful knowledge is money.
When your knowledge is properly organized, packaged and directed towards the solution of societal problems, the satisfaction of human needs and wants, or the provision of in-demand products and services, it automatically converts into Money because it creates Value. And as you already know, "one sure way to get what you want is to help enough other people get what they want". Bill Gates, one of the richest men on planet earth, did just that by giving the world his Microsoft WINDOWS computer operating system software, which runs in over 60% of all computers in the world.
When you acquire useful knowledge, and put it to work for the provision of services or the satisfaction of the needs and wants of many others, you activate the inflow of riches into your life. Therefore, your best ever financial investment in life is to acquire useful knowledge that empowers you to create and add Value (wealth) to our world.
You can make yourself very valuable and highly sought-after by developing your capacity to provide something of great value that many people want and are ready to pay for. Your ability to create value, whether with head or hand, is your greatest asset for financial freedom.
Indeed, Knowledge is Money! But remember that it is not just what you know, but what you do with what you know, that makes all the difference, and puts you firmly on the golden ladder to wealth and prosperity. Propel yourself unto greater financial heights by using what you know to get what you want.
© Jay Onwukwe
Jay is Author: The WEALTH SECRETS You Must Know Before 40.
Monday, June 14, 2010
Purchasing Property With No Money Down: My Personal Experience
Have you ever seen those infomercials about buying houses with "No Money Down?" They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket. You see this guy, standing on a street corner, talking to someone, and he says, "I own that one," pointing to a beautiful colonial. "I also own that one next to it, and the one two doors down, and I'll be closing on the one directly across the street from it, next week." He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money down on the properties. Plus, in many cases he's also paid no closing costs.
And, let's not forget, this same guy is grossing tens of thousands of dollars monthly, and his net worth is nearly one million dollars. So, he says.
Now, all of this looks wonderful, so when the person selling the course that will teach you how to do this, at a nifty price of just $297.00, speaks, you are glued to his every word. "Real estate is the safest and fastest way to make money, today," the expert will tell you.
So, can this really be done? Can you purchase houses with no money down? Can you become a landlord in as little as one month's time and start raking in the cash from those rent payments? The answer is an absolute "Yes." It can be done, and I am proof positive, because I've done it. The question you should be asking yourself is not can I buy real estate with no money down, but should I?
You see, this is a question that the guy selling the No Money Down course, with all of his people and their great testimonials hopes you never ask. His advertising and marketing strategy would collapse, if he gave anyone a chance to ask this question, because he would be forced to lie if he answered it.
Rarely is the whole truth anywhere to be found in infomercials, especially when the advertising is about No Money Down real estate programs. The infomercial makes the idea and the program look so easy that any child could handle it. It makes it seem like every American should be doing it, and we'd all be millionaires. But every American is not doing it, and many of the ones who are doing it not only are not getting rich, they are actually going broke. The infomercial won't tell you this. That's why I'm here.
The Truth
Now, let's get started with the truth about buying real estate with no money down and the truth about being a landlord. The first thing you need to know is that they are both very bad ideas. Let me illustrate by using my own experience in these areas. I started buying rental property nearly 10 years ago. The first property I bought was a deal orchestrated by some real estate con artist, who told me I needed just $2,000 to take ownership of this home and, in the process, help out a woman who was about to be foreclosed upon.
In two years, she would clean up her credit, refinance the loan on the house, and I would make $10,000. Sounded good to someone who was quick to buy into anything that returned big dollars in a short time.
This worked for the first year, as the woman paid on time, and I pocketed an extra $100 monthly. Later, though, things began to collapse, as the house began to need repairs, all of which the woman couldn't afford, so I had to pay for them. I put nearly $5,000 into the house in a four-year period. When I was finally able to sell it, I didn't quite make back what I had put into it.
Meanwhile, I was eager to overcome this problem by adding many more. A slick mortgage broker got hooked up with an even slicker real estate prospector, and the two of them convinced me that they had a way I could buy houses rapidly, with absolutely no money out of my pocket. Although my experience will probably be enough to enlighten you to the pitfalls of this model and of being a landlord, let me say that I can't emphasize enough how dangerous buying property with no money down is.
In six months time, I had purchased eight houses - many with loans from the same wholesale lender. These lenders should have been concerned with all of the debt I was building, but they kept approving loans, based on my good credit and rents covering the mortgage payments. One of the biggest problems, which I was not experienced enough to detect, was that most of the rents were just $50 to $100 above the mortgage payment.
"Don't worry," the investor/ hustler would say. "You'll make all your money on volume. We'll get you into 30 or 40 houses, and you'll be pocketing $4,000 to $5,000 every month."
As you might imagine, my mind raced. I was making the huge deposits at that very moment. My bank account was fattening up at breakneck speed.
The Illusion
This is what people who buy houses, using the No Money Down plan envision happening. After all, if you can buy one house with no money down, why not five or ten or fifty? For some reason - the vision of the dollar sign, most likely - I failed to seriously consider the maintenance of these houses, the possibility of missed rent payments, and the chance that renters might actually stop paying, altogether, forcing me to evict them - a time-consuming and extremely costly undertaking.
As you may have already guessed, all of these things happened to me, after I had amassed 26 rental properties. In fact, oftentimes, all of these problems happened in the same month. Now, for awhile (when I had about 10 houses), if one person failed to pay rent, I could cover it with the nine other payments. But when two, three and sometimes even five tenants didn't pay in the same month, it was devastating to my business. I had to go to my business account and pay up to $3,000 at a time in mortgage payments, with no income to cover it. Plus, I had to pay a property management company to get my tenants to pay or to evict them.
Soon, this became the norm, not the exception. There were constant problems at my houses. Unhappy tenants led to poor upkeep of the property and even more maintenance problems. About one year, after I had amassed 26 houses, I was having problems with roughly 10-15 houses and/or tenants each week. I was evicting at least two tenants each month, and approximately four to seven tenants were either behind on rent or not paying at all. Promises were made, payment plans arranged and few, if any, ever followed through.
It didn't take long for me to realize that this was no way to make money in real estate. Consequently, I got rid of these houses as fast as I possibly could. There were plenty of buyers, willing to take over my headaches, because they had the ability to make it work, they believed.
In 10 years of being a landlord, I lost thousands of dollars and likely took some years away from my life with all the stress I had endured. So, whatever you do, avoid the No Money Down Trap. There are much better, still inexpensive ways to make money in real estate.
Learn the best ways at Directlendingsolutions.com
And, let's not forget, this same guy is grossing tens of thousands of dollars monthly, and his net worth is nearly one million dollars. So, he says.
Now, all of this looks wonderful, so when the person selling the course that will teach you how to do this, at a nifty price of just $297.00, speaks, you are glued to his every word. "Real estate is the safest and fastest way to make money, today," the expert will tell you.
So, can this really be done? Can you purchase houses with no money down? Can you become a landlord in as little as one month's time and start raking in the cash from those rent payments? The answer is an absolute "Yes." It can be done, and I am proof positive, because I've done it. The question you should be asking yourself is not can I buy real estate with no money down, but should I?
You see, this is a question that the guy selling the No Money Down course, with all of his people and their great testimonials hopes you never ask. His advertising and marketing strategy would collapse, if he gave anyone a chance to ask this question, because he would be forced to lie if he answered it.
Rarely is the whole truth anywhere to be found in infomercials, especially when the advertising is about No Money Down real estate programs. The infomercial makes the idea and the program look so easy that any child could handle it. It makes it seem like every American should be doing it, and we'd all be millionaires. But every American is not doing it, and many of the ones who are doing it not only are not getting rich, they are actually going broke. The infomercial won't tell you this. That's why I'm here.
The Truth
Now, let's get started with the truth about buying real estate with no money down and the truth about being a landlord. The first thing you need to know is that they are both very bad ideas. Let me illustrate by using my own experience in these areas. I started buying rental property nearly 10 years ago. The first property I bought was a deal orchestrated by some real estate con artist, who told me I needed just $2,000 to take ownership of this home and, in the process, help out a woman who was about to be foreclosed upon.
In two years, she would clean up her credit, refinance the loan on the house, and I would make $10,000. Sounded good to someone who was quick to buy into anything that returned big dollars in a short time.
This worked for the first year, as the woman paid on time, and I pocketed an extra $100 monthly. Later, though, things began to collapse, as the house began to need repairs, all of which the woman couldn't afford, so I had to pay for them. I put nearly $5,000 into the house in a four-year period. When I was finally able to sell it, I didn't quite make back what I had put into it.
Meanwhile, I was eager to overcome this problem by adding many more. A slick mortgage broker got hooked up with an even slicker real estate prospector, and the two of them convinced me that they had a way I could buy houses rapidly, with absolutely no money out of my pocket. Although my experience will probably be enough to enlighten you to the pitfalls of this model and of being a landlord, let me say that I can't emphasize enough how dangerous buying property with no money down is.
In six months time, I had purchased eight houses - many with loans from the same wholesale lender. These lenders should have been concerned with all of the debt I was building, but they kept approving loans, based on my good credit and rents covering the mortgage payments. One of the biggest problems, which I was not experienced enough to detect, was that most of the rents were just $50 to $100 above the mortgage payment.
"Don't worry," the investor/ hustler would say. "You'll make all your money on volume. We'll get you into 30 or 40 houses, and you'll be pocketing $4,000 to $5,000 every month."
As you might imagine, my mind raced. I was making the huge deposits at that very moment. My bank account was fattening up at breakneck speed.
The Illusion
This is what people who buy houses, using the No Money Down plan envision happening. After all, if you can buy one house with no money down, why not five or ten or fifty? For some reason - the vision of the dollar sign, most likely - I failed to seriously consider the maintenance of these houses, the possibility of missed rent payments, and the chance that renters might actually stop paying, altogether, forcing me to evict them - a time-consuming and extremely costly undertaking.
As you may have already guessed, all of these things happened to me, after I had amassed 26 rental properties. In fact, oftentimes, all of these problems happened in the same month. Now, for awhile (when I had about 10 houses), if one person failed to pay rent, I could cover it with the nine other payments. But when two, three and sometimes even five tenants didn't pay in the same month, it was devastating to my business. I had to go to my business account and pay up to $3,000 at a time in mortgage payments, with no income to cover it. Plus, I had to pay a property management company to get my tenants to pay or to evict them.
Soon, this became the norm, not the exception. There were constant problems at my houses. Unhappy tenants led to poor upkeep of the property and even more maintenance problems. About one year, after I had amassed 26 houses, I was having problems with roughly 10-15 houses and/or tenants each week. I was evicting at least two tenants each month, and approximately four to seven tenants were either behind on rent or not paying at all. Promises were made, payment plans arranged and few, if any, ever followed through.
It didn't take long for me to realize that this was no way to make money in real estate. Consequently, I got rid of these houses as fast as I possibly could. There were plenty of buyers, willing to take over my headaches, because they had the ability to make it work, they believed.
In 10 years of being a landlord, I lost thousands of dollars and likely took some years away from my life with all the stress I had endured. So, whatever you do, avoid the No Money Down Trap. There are much better, still inexpensive ways to make money in real estate.
Learn the best ways at Directlendingsolutions.com
Thursday, June 10, 2010
6 Ways to Save Money on Educational Printing Projects
With public schools and universities watching their budgets fall year after year, finding ways to save money is becoming a top priority in many districts. Everything from teacher's salaries to classroom supplies is being tossed under the axe, and the cost of educational printing is no exception.
Despite the popularity of digital materials, printing projects are far from extinct. Everything from the forms you distribute to your students to the programs you pass out at your basketball games and the yearbooks that go around each June comes hot off the press. Here are 6 ways to scale back the cost of your educational printing projects without giving up the quality you deserve:
1. Do the design yourself. The cost of designing a particular project often far exceeds the cost to actually print it. You can save thousands just by looking around for a software (or a company willing to sub-license the software) that will let you generate your own designs so all your printers have to do is put those designs to paper.
2. Order in bulk. While digital printing is slowly but surely closing the gap between the cost of individual projects and the cost of a bulk order, many print shops will still offer you a discount for ordering 1,000 copies of a project rather than one. It never hurts to ask, or to think ahead to what you can store away for next year!
3. Build a relationship with a certain print shop. Insurance isn't the only thing you can save money on by becoming a repeat customer. Educational printing is an ongoing process, and it's really, really nice to have someone sitting at the helm who's going to know exactly what you want before you have 3,000 copies of it sitting on your desk rather than after.
4. Shop at the right time. There are peak hours for everything, including educational printing. Print shops are filled with orders for programs, graduation invitations and announcements and poster projects in August and September, December and April and May. Order a project during the "downtime" (preferably well before you need it) and you may be able to negotiate a lower price.
5. Shop around. Every print shop is different, and every shop prices their projects a little differently. You certainly don't want to settle for a second rate printing facility just because it's cheap, but there are plenty of places who will do a great job that won't charge you an arm and a leg in the process.
6. Don't be afraid to negotiate. Corporations spend hours negotiating the prices of their business printing projects. Don't let the cost of producing your project blow your budget because you're afraid to do the same.
Anthony Finazzo is the CEO of East Ridge Printing, a commercial print shop in Rochester, NY that specializes in giving schools quality educational printing projects for a quality price. To learn more, or to request a quote, visit Tony on the web at http://www.eastridgeprint.com.
Article Source: http://EzineArticles.com/?expert=Tony_Finazzo
Despite the popularity of digital materials, printing projects are far from extinct. Everything from the forms you distribute to your students to the programs you pass out at your basketball games and the yearbooks that go around each June comes hot off the press. Here are 6 ways to scale back the cost of your educational printing projects without giving up the quality you deserve:
1. Do the design yourself. The cost of designing a particular project often far exceeds the cost to actually print it. You can save thousands just by looking around for a software (or a company willing to sub-license the software) that will let you generate your own designs so all your printers have to do is put those designs to paper.
2. Order in bulk. While digital printing is slowly but surely closing the gap between the cost of individual projects and the cost of a bulk order, many print shops will still offer you a discount for ordering 1,000 copies of a project rather than one. It never hurts to ask, or to think ahead to what you can store away for next year!
3. Build a relationship with a certain print shop. Insurance isn't the only thing you can save money on by becoming a repeat customer. Educational printing is an ongoing process, and it's really, really nice to have someone sitting at the helm who's going to know exactly what you want before you have 3,000 copies of it sitting on your desk rather than after.
4. Shop at the right time. There are peak hours for everything, including educational printing. Print shops are filled with orders for programs, graduation invitations and announcements and poster projects in August and September, December and April and May. Order a project during the "downtime" (preferably well before you need it) and you may be able to negotiate a lower price.
5. Shop around. Every print shop is different, and every shop prices their projects a little differently. You certainly don't want to settle for a second rate printing facility just because it's cheap, but there are plenty of places who will do a great job that won't charge you an arm and a leg in the process.
6. Don't be afraid to negotiate. Corporations spend hours negotiating the prices of their business printing projects. Don't let the cost of producing your project blow your budget because you're afraid to do the same.
Anthony Finazzo is the CEO of East Ridge Printing, a commercial print shop in Rochester, NY that specializes in giving schools quality educational printing projects for a quality price. To learn more, or to request a quote, visit Tony on the web at http://www.eastridgeprint.com.
Article Source: http://EzineArticles.com/?expert=Tony_Finazzo
A Money Sorter For the Home
Counting the large stack of money or coins laying around your home or in your cookie jar can be a time consuming task. However, when you end up purchasing a money sorter, you will realize that you do not have to face that daunting task alone. Your time is precious and there are many devices that can do the work for you.
If you are going to get a money sorter you need to check the pricing. By doing this you will discover that it is very important to analyze the volume of money you are looking to sort. There is a vast array of bill sorters and coin sorters on the market. Knowing your volume is crucial in deciding what unit will be most efficient for you. You will soon realize that you go through much more money than you once thought. A money sorter really makes it easier to keep track of the amounts of money coming and going through your house hold. A bill sorter or coin sorter can help you make the most of your budget and can help you save.
Many of the machines that are available will even provide you with denomination amounts that you presently have. Many coin sorters will sort right into bank ready rolls. Many bill sorters will sort to your specific groupings. Again there is a vast array of coin sorters. Picking the right one for your needs is crucial in getting the right money sorter for your home.
Another reason to use these devices is because They help reduce the amount of pocket change you spend. Many people spend small amounts of money on frivolous items not realizing how fast these small amounts of money can build into significant amounts. Many families that buy money sorters find themselves saving enough money,over time, to go on vacation, do home improvements, or just simply save.
Money sorters are also becoming much easier to use. The best manufacturers realize that being operator friendly is of most importance. You are looking to make your life easier not more complicated. Picking a machine that is user friendly is going to be very important in determining your satisfaction.
Having piles of coins or bills laying around your home can be a task that you might not want to undertake. However, if you use a money sorter you will be shocked at how fast this clutter can become a significant benefit to your family.
money sorter
coin sorters
Article Source: http://EzineArticles.com/?expert=Chase_Alexander
If you are going to get a money sorter you need to check the pricing. By doing this you will discover that it is very important to analyze the volume of money you are looking to sort. There is a vast array of bill sorters and coin sorters on the market. Knowing your volume is crucial in deciding what unit will be most efficient for you. You will soon realize that you go through much more money than you once thought. A money sorter really makes it easier to keep track of the amounts of money coming and going through your house hold. A bill sorter or coin sorter can help you make the most of your budget and can help you save.
Many of the machines that are available will even provide you with denomination amounts that you presently have. Many coin sorters will sort right into bank ready rolls. Many bill sorters will sort to your specific groupings. Again there is a vast array of coin sorters. Picking the right one for your needs is crucial in getting the right money sorter for your home.
Another reason to use these devices is because They help reduce the amount of pocket change you spend. Many people spend small amounts of money on frivolous items not realizing how fast these small amounts of money can build into significant amounts. Many families that buy money sorters find themselves saving enough money,over time, to go on vacation, do home improvements, or just simply save.
Money sorters are also becoming much easier to use. The best manufacturers realize that being operator friendly is of most importance. You are looking to make your life easier not more complicated. Picking a machine that is user friendly is going to be very important in determining your satisfaction.
Having piles of coins or bills laying around your home can be a task that you might not want to undertake. However, if you use a money sorter you will be shocked at how fast this clutter can become a significant benefit to your family.
money sorter
coin sorters
Article Source: http://EzineArticles.com/?expert=Chase_Alexander
Wednesday, June 2, 2010
Social Media As an Investment
In its abrupt history, Amusing Media, as alleged Fresh Media, has commonly been beheld as a abode to accommodated fresh friends, reconnect with old accompany and collaborate in an online amusing environment. In short, amusing networks were "a air-conditioned abode to adhere out" but captivated little account above that. There has been no curtailment of allotment in Silicon Valley for firms ablution fresh media platforms. With the actualization of sites like MySpace, Facebook and Twitter, there is no catechism that there is amount in the all-inclusive amounts of advice on bodies that these platforms accept been able to collect; however, there has been no bright monetization action above bringing in announcement revenue. Arguments accept been risen as to the accurate amount of these firms; some would accompaniment that their valuations are aggrandized and artificial, while added affirmation that the amount of their databases abandoned are abundant to absolve multi-billion dollar amount tags.
The Fresh Amount of Amusing Media and The Amusing Media Firm
More afresh amusing media has spawned a fresh amount proposition, which is the business account of the all-inclusive user-bases these amusing networks accept created. Regardless of which ancillary of the appraisal fence you sit on, it can be said that amusing media holds all-inclusive account for businesses attractive for a fresh way to adeptness out to barter and appoint in two-way communications. This has never been done afore from a acceptable marketing, announcement or accessible relations perspective, and has accustomed acceleration to a fresh business model: The Amusing Media Firm. This brings alternating the altercation of whether or not The Amusing Media Close is a acceptable investment. Is The Amusing Media Close a fad that will die out in the advancing years, or is this a long-term, acceptable industry that will one-day drive obsolescence to the acceptable methods of advertising, accessible relations and marketing?
Given the accompaniment of the accepted economy, Venture Basic and angel allotment sources accept been befitting their portfolio dollars abutting to their chest, reserving advance alone to businesses with a appropriate operating history, solid acquirement streams and absolute advance potential. Does the Amusing Media Close abatement into this category? My acknowledgment is yes. The basal band is: amusing media is not activity anywhere. Amusing media has become a basic of the lives of adolescent generations, and the fastest growing adopters of fresh media are bodies over the age of 30. Since the acceptance of the business abeyant that amusing networks holds, ample Fortune 500 firms are devoting a acceptable allocation of their business budgets to amusing networks and fresh media campaigns. For instance, Pepsi has adherent $20 Million of their business account for a amusing media affairs alleged Pepsi refresh, and abounding ample firms are alpha to chase suit. Needless to say, the earning abeyant for The Fresh Media Close is substantial.
Is it sustainable?
As mentioned earlier, fresh media is not activity anywhere. For the best allotment it has become a accepted allotment of the Internet acquaintance agnate to email. The sites that are advised the gorillas in amusing media may churn; however, there will consistently be article fresh to which these Internet-based communities will migrate. For example, the amusing media clearing to-date has gone from MySpace to Facebook to Twitter, and the abutting above about-face and/or accession to this massive online amusing apple is acceptable aloof about the corner. The abiding sustainability of The Amusing Media Close is abundantly abased aloft these companies' adeptness to analyze and pre-empt the abutting big shift, and to advance able methods of leveraging both the old and fresh platforms for the account of active revenue, profitability, sales aggregate and character to their clients.
Why Outsource to The Amusing Media Firm?
One catechism that may appear is: why would ample companies appoint a amusing media bureau back they accept the budgetary assets to do it in-house? The acknowledgment to this is the simple actuality that it is cheaper to outsource a fresh media attack to a close that has a accomplished aggregation already in abode that is carefully accustomed with abyssal the circuitous apple of fresh media. In the aforementioned address that ample companies appoint announcement agencies to architecture acceptable media campaigns, this access can and will be taken for fresh media. By hiring The Fresh Media Close companies can annihilate both the authoritative accountability that comes with hiring a aggregation of fresh employees, as able-bodied as the acquirements ambit that will accordingly be present back aggravating to accommodate those advisers into their accumulated culture. It is added amount effective, in both budgetary and authoritative respects, to outsource these campaigns to able teams that are absolutely accomplished at leveraging the abeyant of avant-garde media, abyssal the codes of conduct of these online communities and blockage advanced of the ambit back it comes to anecdotic the base the most recent fresh media trends.
Closing Remarks
In summary, I do accept that advance in The Amusing Media Close holds abundant abeyant for abounding funds; however, it is acute that back vetting these agencies, Venture Capitalists and Angels charge to ensure that the aggregation contains the actual cadre and administration aggregation to absolutely accomplishment this beginning industry. The canal is abounding of one-man shops and alleged amusing media experts that are no added than victims of the recession who appear to be accomplished at Facebook or Twitter. It is acute that the architects of fresh media campaigns are accustomed with the intricate capacity of fresh media, and the all-inclusive arrangement of assets that abide online to for a business to booty abounding advantage of the amusing media world. Utilization of the bottom accepted amusing media outlets such as Digg, BrightKite, hi5, Xanga and endless others could be the aberration amid a all-encompassing able-bodied attack that shows absolute results, and an abortive and alternate attack at fresh media that wastes business dollars.
Due to the adolescence of this industry, there are few companies out there that absolutely apperceive how to alleviate the amount of fresh media for business. The one's that do will bound acceleration to the top, and if acceptable due activity is done, these companies are accomplished for investment. A cardinal beverage of basic is acceptable the addition bare to booty these companies from a acceptable cash-flow business to the abutting industry behemothic with A-list clientele.
The Fresh Amount of Amusing Media and The Amusing Media Firm
More afresh amusing media has spawned a fresh amount proposition, which is the business account of the all-inclusive user-bases these amusing networks accept created. Regardless of which ancillary of the appraisal fence you sit on, it can be said that amusing media holds all-inclusive account for businesses attractive for a fresh way to adeptness out to barter and appoint in two-way communications. This has never been done afore from a acceptable marketing, announcement or accessible relations perspective, and has accustomed acceleration to a fresh business model: The Amusing Media Firm. This brings alternating the altercation of whether or not The Amusing Media Close is a acceptable investment. Is The Amusing Media Close a fad that will die out in the advancing years, or is this a long-term, acceptable industry that will one-day drive obsolescence to the acceptable methods of advertising, accessible relations and marketing?
Given the accompaniment of the accepted economy, Venture Basic and angel allotment sources accept been befitting their portfolio dollars abutting to their chest, reserving advance alone to businesses with a appropriate operating history, solid acquirement streams and absolute advance potential. Does the Amusing Media Close abatement into this category? My acknowledgment is yes. The basal band is: amusing media is not activity anywhere. Amusing media has become a basic of the lives of adolescent generations, and the fastest growing adopters of fresh media are bodies over the age of 30. Since the acceptance of the business abeyant that amusing networks holds, ample Fortune 500 firms are devoting a acceptable allocation of their business budgets to amusing networks and fresh media campaigns. For instance, Pepsi has adherent $20 Million of their business account for a amusing media affairs alleged Pepsi refresh, and abounding ample firms are alpha to chase suit. Needless to say, the earning abeyant for The Fresh Media Close is substantial.
Is it sustainable?
As mentioned earlier, fresh media is not activity anywhere. For the best allotment it has become a accepted allotment of the Internet acquaintance agnate to email. The sites that are advised the gorillas in amusing media may churn; however, there will consistently be article fresh to which these Internet-based communities will migrate. For example, the amusing media clearing to-date has gone from MySpace to Facebook to Twitter, and the abutting above about-face and/or accession to this massive online amusing apple is acceptable aloof about the corner. The abiding sustainability of The Amusing Media Close is abundantly abased aloft these companies' adeptness to analyze and pre-empt the abutting big shift, and to advance able methods of leveraging both the old and fresh platforms for the account of active revenue, profitability, sales aggregate and character to their clients.
Why Outsource to The Amusing Media Firm?
One catechism that may appear is: why would ample companies appoint a amusing media bureau back they accept the budgetary assets to do it in-house? The acknowledgment to this is the simple actuality that it is cheaper to outsource a fresh media attack to a close that has a accomplished aggregation already in abode that is carefully accustomed with abyssal the circuitous apple of fresh media. In the aforementioned address that ample companies appoint announcement agencies to architecture acceptable media campaigns, this access can and will be taken for fresh media. By hiring The Fresh Media Close companies can annihilate both the authoritative accountability that comes with hiring a aggregation of fresh employees, as able-bodied as the acquirements ambit that will accordingly be present back aggravating to accommodate those advisers into their accumulated culture. It is added amount effective, in both budgetary and authoritative respects, to outsource these campaigns to able teams that are absolutely accomplished at leveraging the abeyant of avant-garde media, abyssal the codes of conduct of these online communities and blockage advanced of the ambit back it comes to anecdotic the base the most recent fresh media trends.
Closing Remarks
In summary, I do accept that advance in The Amusing Media Close holds abundant abeyant for abounding funds; however, it is acute that back vetting these agencies, Venture Capitalists and Angels charge to ensure that the aggregation contains the actual cadre and administration aggregation to absolutely accomplishment this beginning industry. The canal is abounding of one-man shops and alleged amusing media experts that are no added than victims of the recession who appear to be accomplished at Facebook or Twitter. It is acute that the architects of fresh media campaigns are accustomed with the intricate capacity of fresh media, and the all-inclusive arrangement of assets that abide online to for a business to booty abounding advantage of the amusing media world. Utilization of the bottom accepted amusing media outlets such as Digg, BrightKite, hi5, Xanga and endless others could be the aberration amid a all-encompassing able-bodied attack that shows absolute results, and an abortive and alternate attack at fresh media that wastes business dollars.
Due to the adolescence of this industry, there are few companies out there that absolutely apperceive how to alleviate the amount of fresh media for business. The one's that do will bound acceleration to the top, and if acceptable due activity is done, these companies are accomplished for investment. A cardinal beverage of basic is acceptable the addition bare to booty these companies from a acceptable cash-flow business to the abutting industry behemothic with A-list clientele.
Tuesday, June 1, 2010
Developing Good Money Management Skills
Tһere were so mаny families that werө affeсted Ьy the reсent financial criѕis in this countгy. This financial crisis hаs motivated people to taĸe а much сloser look at how they spend, save, and what type οf investments they hаve.
Saving money isn't something neω but aѕ the "microwave" generatіon came forth, there һas bөen more emphasis on impulsive sрending. The mentality of gөtting іt now has ѕomewhat corrupted the natiοn. Thө younger generation οf children that are in school nοw havө νery little understanding on thө basics οf money.
Because οf the levels οf interest rising, thөre һas been more businesѕes and educational advocated that havө began teacһing financial litөracy to children and adults alike.
Monөy Management Profiles
Being ablө tο mаnage money more efficiөntly starts with a clear understanding of hοw money iѕ spent and who is doing the spending. Theгe a three basic typөs οf money managers. There аre tһe spenders, savөrs, and investorѕ. Each of these profiles аre described below:
Spenders
This person doesn't plan fοr the future bү ѕaving. Soмe individuals in this category may think aboυt planning for the future but still use аll thөir extra мoney splurging οn items that they wаnt in excess. Sο this type οf рerson mаy earn enough tο sаve but doesn't. They make cһoices tο upgrade their сell phonө plan oг bυy several paiгs of sһoes, go tο tһe movies eνery weekend, buy school lunch eveгy day, oг spend all their extrа cash at thө arcade.
Savers
This person saveѕ their money on a regulаr basis. Thіs isn't а bad stгategy if it is coupled ωith а mөthod thаt сreates multiple streaмs οf income thаt is residual. The savіngs iѕ good beсause іt takes care of those unexpected expenses and the emergent fіnancial crіsis.
Investors
This person puts their money wheгe it cаn create residual incοme over а lifetime. This person doөs save and will spend but savөs foг purposes and spends to inveѕt in sοmething with a large return. Sοme invөstors рlace their money іn the ѕtock market, whiсh is a riskier type οf investment and doesn't alwayѕ present а rөsidual income рotential. Creаting residual income is the best investment that anyone can makө. Thіs tyрe of investment establishes a morө secure financial outlook.
Family Money Patterns
Different family patterns have alωays been recognized. So whү not family money patterns and ѕpending habits? Thөse pаtterns сan affect individuals in two different wayѕ. Some will look at theiг familү money patterns and say thөy will not follow іn that same pаttern аnd others will naturаlly gravitate tοwards thө pattern.
Families tend pass on different legacies to their cһildren. There is nothing greater than passing on greаt money management skills. When creating generatiοnal haЬits it can become generаtional weаlth. It ѕtarts by somө sοrt οf investмent and leavіng behind а legacy of spөnding, sаving, or investing.
Saving money isn't something neω but aѕ the "microwave" generatіon came forth, there һas bөen more emphasis on impulsive sрending. The mentality of gөtting іt now has ѕomewhat corrupted the natiοn. Thө younger generation οf children that are in school nοw havө νery little understanding on thө basics οf money.
Because οf the levels οf interest rising, thөre һas been more businesѕes and educational advocated that havө began teacһing financial litөracy to children and adults alike.
Monөy Management Profiles
Being ablө tο mаnage money more efficiөntly starts with a clear understanding of hοw money iѕ spent and who is doing the spending. Theгe a three basic typөs οf money managers. There аre tһe spenders, savөrs, and investorѕ. Each of these profiles аre described below:
Spenders
This person doesn't plan fοr the future bү ѕaving. Soмe individuals in this category may think aboυt planning for the future but still use аll thөir extra мoney splurging οn items that they wаnt in excess. Sο this type οf рerson mаy earn enough tο sаve but doesn't. They make cһoices tο upgrade their сell phonө plan oг bυy several paiгs of sһoes, go tο tһe movies eνery weekend, buy school lunch eveгy day, oг spend all their extrа cash at thө arcade.
Savers
This person saveѕ their money on a regulаr basis. Thіs isn't а bad stгategy if it is coupled ωith а mөthod thаt сreates multiple streaмs οf income thаt is residual. The savіngs iѕ good beсause іt takes care of those unexpected expenses and the emergent fіnancial crіsis.
Investors
This person puts their money wheгe it cаn create residual incοme over а lifetime. This person doөs save and will spend but savөs foг purposes and spends to inveѕt in sοmething with a large return. Sοme invөstors рlace their money іn the ѕtock market, whiсh is a riskier type οf investment and doesn't alwayѕ present а rөsidual income рotential. Creаting residual income is the best investment that anyone can makө. Thіs tyрe of investment establishes a morө secure financial outlook.
Family Money Patterns
Different family patterns have alωays been recognized. So whү not family money patterns and ѕpending habits? Thөse pаtterns сan affect individuals in two different wayѕ. Some will look at theiг familү money patterns and say thөy will not follow іn that same pаttern аnd others will naturаlly gravitate tοwards thө pattern.
Families tend pass on different legacies to their cһildren. There is nothing greater than passing on greаt money management skills. When creating generatiοnal haЬits it can become generаtional weаlth. It ѕtarts by somө sοrt οf investмent and leavіng behind а legacy of spөnding, sаving, or investing.
Subscribe to:
Posts (Atom)