Archive for September, 2008

Building Wealth Fast - a 3 Step Method to Make Money Fast



We all want to make money fast but many of us have a problem we don’t have much to start with and we don’t have a plan. Enclosed you will find a method which is simple to learn requires little starting capital and can build wealth fast.

This plan is all about using a small stake and building it quickly - for this we need to leverage our money.

In this instance put down $500 and you will be able to leverage at least 200:1 and that means you can invest $100,000. No credit checks are required to get this leverage its yours as soon as you deposit the money - so what’s the method?

The method is becoming a forex trader from home - before you say, that’s to complicated, let me give you some points to consider that will change your mind:

- Forex trading can be learned by anyone - it’s a specifically learned skill

- You can learn to trade in a few weeks

- You only need a small stake to get started

- The only tools you need are an internet connection and a computer

- You can trade in 30 minutes a day

- As one currency rises another must fall so there is never a recession

- Currencies are volatile and create profit opportunities all the time

Ask yourself this question - Can you spot repetitive patterns on a graph?

If you can you can become a forex trader by simply following and locking into trends on a forex chart.

This is the best way to trade you need to know nothing about the background to how and why currencies move you simply want to make profits when they do, by following market action.

Of course, leverage is the key to building wealth fast - but it’s a double edged sword, it can create big gains but also create losses.

By using forex charts, your aim is to run the big profitable trends and liquidate losers quickly.

Trends occur that last for months or years and you can see this by looking at ANY forex chart.

You must lose, to make long term gains, so you need to be totally disciplined in your approach to trading.

Is it really that easy?

Yes and no.

The fact is 95% of traders lose all their money - but this is not because they can’t learn to trade correctly they can.

The problem is they make basic errors. In most instances they come from laziness or believing some guru or expert can make them rich.

Avoid the above trap!

Forex trading success is down to you and you alone.

You need to learn the knowledge so that you have the discipline and confidence to trade correctly - keeping losses small and running profits.

If you have a desire to succeed, a willingness to learn and some seed capital, you can trade successfully.

The question is - are you up for a challenge?

If you answered yes and want to take charge of your financial destiny, then welcome to the world of global FX Trading - the worlds most exciting investment medium and an opportunity to build wealth fast.



Build Wealth!

Posted on September 24th, 2008 by admin  |  No Comments »

Wealth Investing and Retirement Wishes



Wealth Investing and Retirement Wishes

As the future of social security is no longer certain, we must live as if to assume that it will not be there for us when we retire. I know that that may sound overly pessimistic to some, but even if social security is there for us when we retire there is no guarantee that it will be enough to suffice our financial needs. Let’s face it, the cost of living is increasing every year; and within some industries the effects of inflation have become quite dramatic in just a short period of time! Just take a look at gasoline prices!

Therefore, it is necessary for us to educate ourselves on how to invest our money so that we can safeguard ourselves from a future of financial ruin and poverty. Thus through wealth investing we can pave the way for a future that will at least offer us more surety than social security!

What is Wealth Investing?

The easy answer to this question is, wealth investing is simply something that happens when a person uses money as a means to incur financial gains. It could involve investing in stocks, investing in property, starting up your own small business, etc… Whatever you can invest money in that has the potential to incur monetary gains is wealth investing.

But there is more to wealth investing than what most people realize…

Investing in Your Retirement Wishes

To invest in your future is to invest in your livelihood. Many people are now hurting as a result of not having invested their money as they should have during their earlier years of life. They never took the time to learn their lessons about investing. As a result of this they are not where they really want to be, and their retirement wishes have paled away into the darkness of despair.

Many are now suffering from chronic pain as their body continues to degenerate because they are overtaxing it by working it so hard. They would like to retire, but can’t because they won’t make enough to pay their bills. So they are forced to continue to work beyond their retirement years for lack of wealth investing. Don’t let this happen to you! Learn your lessons about investing now and make a way for your retirement wishes to unfold before your eyes. In other words, invest your money wisely now and you’ll come out strong in the end. You won’t have to worry about paying your bills or making ends meet, so to speak, because you’ll have all of the money that you need to take care of your expenses and enough left over to enjoy your retirement years!

Investing to Attain the Things that you Desire

Wealth Investing isn’t just about trying protect yourself from an uncertain future. It’s also about putting yourself in a secure position to get what you ‘need’ and still have enough left over to enjoy what you ‘want’! In other words, wealth investing could help you get that nice house in the country that you want to retire in without having to continue to make payments on long after you have retired. It could help you put your children through college, and even enable you to enjoy some of the finer things in life such as a nice vacation cruise, or spending the weekend at a beautiful resort. Learning how to invest your money wisely can do this for you and so much more!

The End Result of Wealth Investing

Let’s not miss the most important issue here. Wealth Investing is not so much about wealth building as it is about ‘free living’. In other words, it’s not so much about getting what you ‘want’ as it is about becoming less stressed out over not being able to afford what you ‘need’. Thus wealth investing is really about investing in your security.

It’s obvious that your future is important to you. You wouldn’t be reading this if you thought otherwise. So you’re taking the right step in learning as much of what is needed to succeed in life through wealth investing. Continue to stay on track. Learn more and more about investing every day. Study it as if your future depended on it; but don’t let it consume your zest for life. Discover the fine balance in it, and live your life to the fullest by investing both your time and money in what matters most in life–your happiness!



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Posted on September 23rd, 2008 by admin  |  No Comments »

Create Personal Wealth Beyond your Small Business, Part 3



The Small Business Real Estate Wealth Building Strategy

Thus far I have been talking about the advantageous financing that a small business person can access to acquire real estate for business use. Before doing so, you have to be sure that it makes sense to own your business location, rather than lease it. Let’s look at the reasons for buying business-occupied real estate versus leasing.

Reason 1: Control

When you own the location for your business you have a greater degree of control over what you can do with the space. In lease situations, you always have a landlord who is concerned with the condition and state of the property who may attempt to limit your use.

Reason 2: Diversification

The business real estate is a separate asset from the business itself. In purchasing the building, you have automatically diversified your asset base. Now a portion of your net worth is in commercial real estate and on a different growth path than your business.

Reason 3: Equity Creation

When you make those monthly lease payments you are doing your landlord a great favor by either helping him pay down his loan or increase his net worth. Either way, that money is put to better use if YOU are the one whose loan is being paid down, building your equity in the property.

Reason 4: Payment Assistance

Wouldn’t it be nice to be the owner AND a landlord at the same time? If at all possible, try to purchase a building with additional space for other tenants. You can use their cash flow to help you acquire a larger property, pay down your loan faster, increase your personal cash flow, or a combination of the three.

Reason 5: Estate Planning

Since the building is a separate asset, there are different approaches to managing its position in your portfolio. Common strategies include putting the building in personal or trust name and leasing the space to your business. Also, keeping the building in a separate ownership name gives you some further protection in the event things don’t go as planned with the business.

The Wealth Building Strategy

From these reasons it should be fairly straightforward to derive the small business owner’s real estate wealth building strategy. First, look for a property in which to locate your business. The property should meet your business’ immediate and medium term growth needs.

Second, attempt to find properties that can accommodate or have existing tenants for payment assistance. Obviously, this step should not conflict with the first one. However, a little patience in finding a multi-tenant property that you can use for your business will pay off significantly down the road.

Third, acquire the property with advantageous financing that maintains working capital at acceptable levels and allows for accelerated pay down of the loan principal for equity build-up. In other words, assuming it makes sense, get high leverage or LTV financing that keeps cash in the business. At the same time, make sure that the loan you obtain allows for extra “pre-payments” without penalty so that you can accelerate equity growth in the property and increase future cash flow.

Fourth, position the property to meet your estate goals. How you take ownership will have a significant effect on your estate planning. You should get both your tax and estate planning advisors involved before you close the purchase escrow.

Fifth, implement and accelerated repayment strategy to maximize equity creation. As mentioned in the third step, this is where the smart investor uses his excess cash flow to reduce overall interest expense on the property and increase equity. Properly “reversing” the amortization principal used by lenders reaps massive gains in wealth over relatively short periods of time. I will cover this topic in the next article.



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Posted on September 23rd, 2008 by admin  |  No Comments »

Building Up Wealth With the Stock Market



Investing in the stock market can be an unbelievable way to develop wealth. Even so, there are many folks out there who refrain from investing in the stock market because they believe it’s too dangerous. And you know what? To a certain extent, they’re right. The stock market can be one of the most effective ways to build riches, but only if it is done right. You should be smart and strategic in the way you pick out your stocks. You likewise need to take the time to study the most favourable ways of investing your cash. Here are a few tips to help you along:

Affordability. This is in all likelihood among the most significant tips for an individual who’s looking to invest in the stock market to develop money. You should only invest cash that you can afford to invest. If you’re going to have difficulty paying off your mortgage or your car loan, then do not invest in the stock market. That is not wealth creation. You should always be comfy about the amount you’ve invested.

Earning estimates. You should always be on the watch for stocks whose earnings estimates have newly been altered upward. This is commonly an indication of competent management and it hints that the stock has underlying value. Once a company’s management consistently commits to raising the value of its stock, the attempt will be reflected in the share monetary value. You need to be vigilant to any announcements for buyback programs. This is often a sign that the management of a company believes its stock to be underpriced. If a experienced insider feels that there is additional value in a stock than is presently reflected in the market, then perhaps it would not be a terrible idea for you to take a better look.

Cash flow. It’s relatively painless to get your mitts on the latest cash flow figures for publicly traded companies. An increase in the cash flow of a company is normally an indication that the correct fundamentals are in place. Not only that, a company with a strong cash flow is able to add to the dividends it pays out and could grow without being forced to take on too much debt. All great things for a stock investor.

Stockholders. When choosing the stocks you would like to invest in, always have a look at the types of investors who are presently holding the outstanding shares. Broadly speaking, institutional investors give a greater level of stability to a stock if no more negative news hits the market. Then again, if a large institutional investor chooses to dump the stock, the price may drop by a significant percentage.

Mutual funds. It is very tough to anticipate which stocks are going to go upwards and which are going to go downwards. So, it may be advisable to spread out the risk of losing by investing into mutual funds. Mutual funds are wide-ranging portfolios that invest in a lot of different types of individual stocks and they also permit you to purchase smaller, but regular quantities of stock each month.

Long-term outlook. Whenever you seriously would like to construct wealth in the stock market, you need to think of it as a long term investment. Ideally, you ought to have an outlook of at least five to ten years. A one-year outlook doesn’t correspond with a wealth-building strategy. Even the best investment consultants have a hard time predicting with accuracy what the better performing stocks will be in a year. You need to allow for a certain amount of volatility in your portfolio and stay cool. Whenever you’re fretting about your investment day in and day out, you have probably invested too much.

Each investor’s own preferences, tastes, and risk tolerance will be different. There truly is no blueprint for producing wealth through the stock market as each person’s investment strategies will depend upon an investor’s personal conditions. Nonetheless, standing by to these suggestions will surely help to do away with some of the risk that is involved.



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Posted on September 23rd, 2008 by admin  |  No Comments »

Property Investments For Anyone Building Wealth



One of the most troublesome concerns for those considering property investments is having the necessary knowledge to make quality decisions regarding a topic they may not know a lot about. Instead of shying away from property investment methods, though, those looking to build wealth should focus on this area. The underline fact is that anyone that has a basic knowledge of investment and the willingness to learn can take full advantage of the many real estate investments available today.

What You Do Not Need To Do

Today, there are plenty of investment methods available to you in terms of real estate investing. You do not have to purchase a piece of land and either sit on it to see a rise in its value nor do you have to work on building and developing that property to see a profit. These things do take time, money and larger risk than is necessary. When you invest in property through property options, for example, you minimize your risk substantially. There are also things you do not have to do.

1. You do not have to manage the overall business of running the property.

2. You do not have to handle the costly repairs to the property to see a profit.

3. You do not have to invest a lot of your money into the real estate in the hopes of seeing a profit.

4. You do not have to invest a lot of time in your property in the hopes that the value will rise in the long term.

5. You do not have to invest your time in learning the business of running rental property, or real estate in general.

When you consider property options, you have plenty of opportunity without a lot of investment at all.

Getting Started In Investments

Anyone considering building wealth needs to take into consideration the many benefits that can and do come to those that invest in real estate. They need to realize the true benefits of security and value that come from property investing over other types of investing. Getting started does not have to be difficult. Most importantly, getting started in the business of real estate does not have to be costly. You do not need a large amount of money to get started and that means that anyone can find themselves in the position to build wealth securely through real estate without risking a lot at all.

For those considering wealth building through property investing, it pays to take the time to gather facts and information. It is also helpful to understand the overall process of property investing. If you do decide to go through property options as your method of investing, take the time to learn the business of doing so. You will find that in terms of securities, stocks and other types of investments, that property options can really help you to make it without causing you to break the bank in the process.

Realize too that plenty of people that have a huge stake in property investing right now, including big name celebrity investors have used property options as the way in and the way up the ladder. Nothing is too complex, but everything is a potential or a gold mine.

Real estate investing should be something you consider, from day one of investing.



Build Wealth!

Posted on September 23rd, 2008 by admin  |  No Comments »

Wealth is a Numbers Game



Sometimes, generating wealth is little more than a numbers game. Back in the 1950’s, there was one McDonald’s restaurant on a lonely stretch of highway and it was doing decent business.

Today, there are many, many thousands of McDonald’s all doing solid business these various restaurants essentially represent profits that are created by quantification.

In other words, each of these thousands of individual McDonald’s is “kicking in” their profits into the collection known as the McDonald’s corporation. These profits are well into the billions of dollars.

Now, where would McDonald’s be if it remained that single entity restaurant on that lonely stretch of California highway? It would have probably faded from the map decades ago.

The reason that we all know about McDonald’s today is because it was/is a company that understands the value of expansion.

While there is certainly nothing wrong with carving out your own little niche in a particular business venture, it would be somewhat wrongheaded not to expand your business when the time is right.

Remember, business has a tendency to be cyclical and when the chance arises to earn significant income in the form of a business expansion such an opportunity should never be taken lightly.

Returning to McDonald’s, for example, the founders of the initial restaurant realized that their simple menu filled a need as many people wanted to eat quickly and on the go.

If they had not expanded when they realized that such a demand existed and no one was filling the need they might have forever missed their opportunity and handed a multi-billion dollar idea to someone else.

But, there also needs to be an understanding that there is a difference between properly expanding and over-expanding.

When you rush into an expansion when there is limited need or a limited customer base then you run the risk of turning your business into a financial drain as you overextend yourself. Yes, it would be great to sell a million dollars worth of widgets every year but if you can only sell 100,000 of them then you need to cut your expansion back to the demand. Anything more will would b a surefire way to see your company start bleeding in red ink and that is clearly not the path to wealth.

But, if there is a demand for 100,000 widgets and you are only producing 10,000 of them…what are you waiting for?!



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Posted on September 23rd, 2008 by admin  |  No Comments »

The Power of a Wealth Builder Group



In the classic best-selling book ‘Think & Grow Rich’, Napoleon Hill found through intensive research that the five hundred richest men in the world all had one thing in common, they all belonged to a strong support group of like-minded individuals where they received the knowledge, advice, resources, contacts and emotional support to succeed in their creation of massive wealth.

Yes. It has been proven time and again that behind every successful individual is a successful team. They are either made up of a team of friends, colleagues or business partners. Why must you always have a strong support group in order to reach your financial goals? This is because it takes a great deal of knowledge, talent, resources, contacts and ideas to make a million dollars, and it is difficult for a single individual acting alone to do it all within a short period of time. Having a Wealth builder Group allows you to leverage on the collective experience of others, and leverage is the key to wealth. Remember, people are your greatest resource to wealth!

a. Exponential Creative Power Unleashed

When you generate wealth creation ideas alone, there is a limited amount of knowledge, experience and inspiration you can tap on. When a team of people generates ideas, the creative & knowledge power increases exponentially.

This is known as the power of synergy. Five people working together will create the creative power of fifty minds! All the best ideas in the world were the result of combining great ideas from more than one person.

For example, let’s say you are a great cook and would like to start a food business that could give you massive cash flow. You may be a specialist at cooking, but may lack the knowledge and resources in locating a retail space, knowing how to find the right suppliers, getting financing, hiring and training staff, marketing and the creation of a business process.

With the right group, your friends could provide you with the knowledge about areas in which you have little experience in, and valuable contacts that would accelerate your business. You will get ideas, solutions and contacts that you would never have if you were to do it alone.

b. The Power of Contacts

Have you heard of the saying, ‘It is not just WHAT you know but WHO you know?’ How true this is. Having a powerful network of contacts will get you the best employees, business partners, suppliers and most important of all, customers! Alone, you probably only know about 300 people or less who you can give a call to. In a group of eight individuals, your contact base becomes 2400 immediately! I can tell you personally that it is because of the right contacts, that I have had so many doors open to me every single time.

c. Fellowship & Support

Let’s face it, walking the path of a millionaire can be a narrow and lonely one. Most old friends and family members will think you’re crazy, let alone understand and provide you the fellowship & support that we need. With the right support group, you will have a strong group of friends who have the same mindset, goals and values as you do, providing you the continued encouragement and fellowship you will need to reach your goals.

Yes. It has been proven time and again that behind every successful individual is a successful team. They are either made up of a team of friends, colleagues or business partners. Why must you always have a strong support group in order to reach your financial goals? This is because it takes a great deal of knowledge, talent, resources, contacts and ideas to make a million dollars, and it is difficult for a single individual acting alone to do it all within a short period of time. Having a Wealth builder Group allows you to leverage on the collective experience of others, and leverage is the key to wealth. Remember, people are your greatest resource to wealth!



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Posted on September 22nd, 2008 by admin  |  No Comments »

Make Money Fast - Using Leverage to Build Wealth Quickly an Example



If you have small capital and want to build wealth quickly you can if you can learn how to harness the power of leverage. Leverage if used correctly can help you build serious wealth quickly.

Lets take a look at how this can be done.

What is Leverage?

Leverage is simply a way to make you invested capital work harder.

For example, if you have $1,000 to invest and you have a leverage of 100:1 you have 100 x $1,000 or $100,000 you can invest.

So how do you get this leverage?

Obtaining leverage.

One simple way to get leverage is to open a Forex trading account ( don’t worry if you know nothing about forex we will come that in a minute), a forex broker will grant normally up to 100:1 as standard, as soon as you open an account.

A Word Of Caution

Of course leverage can work for or against you, so must be able to run profits and cut losses quickly and use strict risk control.

Why Forex

Contrary to popular believe, Forex trading is relatively simple to learn, for those traders willing to put in the time and effort to do so and the rewards are huge.

Anyone can learn how to do it, so lets look at how you can to.

If you look at any graph or chart of any currency you will see long term trends that last for months or years as a currency moves up or down to reflect the long term health of the economy.

Of course, if you can pick strong currencies and sell weak ones and hold these trends then you can make a lot of money and with leverage working in your favour, your can build wealth quickly.

So what currencies look good?

At present good currencies are those with healthy economies ( strong GDP) and an exposure to commodities.

If you consider that commodities are rising strongly in value, this makes total sense.

A good example would be the Canadian dollar, which has huge reserves of oil and other base commodities and a hungry neighbour (the USA) its currency set to rise in value in response to this economic strength.

Buy Strong Currencies Sell Weaker Ones

If you were to compare Canada to the USA you would see why the buying the Canada Dollar V US Dollar makes sense.

The Canadian economy is strong with a huge budget surplus and strong exports of commodities.

The USA however has a sluggish economy, debt is causing serious problems and the fact that it has to import commodities means that this is reflected in a weaker currency.

Is it really that simple – Simply buy Canada dollars and sell US Dollars?

The answer is yes and no.

You need to be careful with timing but if you can get in at the right time you can simply buy and hold – Add in leverage and you could be making 50 – 100% annual gains on just leverage of 10:1.

You can learn how to time your entry by looking at forex charts and learning a bit about technical analysis and your all set.

The information you need is all on the net and you have the potential to invest small sums and build wealth with the power of leverage, you just need to do some homework, but this may be the best time you ever spent studying.

Forex trading can be learned by anyone willing to put in the time and effort and the rewards are huge - the above is just one example of investing in currencies to make big returns with leverage and there are many more.

Take a look at this method of building wealth and you may be glad you did.



Wealth Builders!

Posted on September 22nd, 2008 by admin  |  1 Comment »

Your Wealth Creation Arsenal: The 7 Reasons Why Real Estate Is Your Essential Tool



Real estate (both residential and commercial property) is perhaps the best way for the average person to generate wealth. There are many reasons why real estate is such a brilliant way to fast-track your wealth plan and why it’s so popular with those who want to become wealthy or are already wealthy. The key ones are:

1. Income and capital gain

2. Financial leverage

3. Low volatility

4. Below-market purchases

5. Add value

6. Ability to extract cash that is tax-deferred

7. Simple

Let’s look at each of these advantages.

Income and capital gain:

Real estate offers investors the ability to gain on both income and price appreciation. Income comes in the form of rentals and investors’ benefit from rental increases over times, which are usually in line with inflation or wage growth. This means that those who hold properties over the long term can experience significant increases in the income their properties produce, while mortgage payments remain constant.

Investors also benefit from the capital growth in the value of their properties over time, while their mortgage either stays the same (interest only) or reduces (repayment mortgage). This is usually a slow, constant growth rate that reflects increasing demand due to inflation and population growth. One of the wonderful things about capital growth is that it’s unrealized income and as such you don’t pay tax on it until you realize it…i.e. sell your property.

Financial leverage:

Financial Leverage, also known as gearing, allows you to control assets far beyond and much earlier than by using your own money. Real estate is quite unique in that those with money, namely banks, are more than willing to lend you their money for property investment. Turn on the TV, open up a magazine or walk down a main street, and you’ll see ad after ad for financial institutions offering to loan you money for a home loan. When compared to all other asset classes, property stands alone. Why? Because banks consider property a low-risk asset.

The key benefit of gearing is that for every dollar you invest you control more assets…assets that are paying an income and growing in capital value.

Let’s say you’ve managed to save $15,000 and you wanted to compare stocks and property as two investment alternatives to see how they stacked up. Well, for stocks your $15,000 would buy $15,000 worth of stocks as gearing is both difficult and fairly risky. For real estate however, it’s quite simple to get 85% leverage on residential property, which would allow you to purchase a property worth $100,000.

Assuming that both stocks and property increase in value by 5% per year and the income from your property covers all your interest costs and running expenses (which it should if you’ve positively geared), how do they compare?

Both stocks and property have produced the same return on the invested capital. i.e. 5%. However, this does not represent the return that you receive on the cash you’ve invested. The return on your cash using stocks is still 5% as there is no gearing, but your return on your real estate is actually 33%. This is why a direct comparison of returns between stocks and real estate is totally pointless. You need to take into account the effects of gearing. Financial leverage is one of the key reasons why using property is so powerful since you can use OPM to multiply and fast-track your wealth plan.

Low volatility:

Volatility is generally considered the normal measure of risk. The wealthy do not agree entirely with this assessment of risk, but for the purposes of this analysis well stick with this version of risk (for the wealth creation view of risk visit the Risk category). If you were to compare the market index like the Dow, S&P, FTSE, All Ords, etc against property indexes over similar periods, property is far less volatile. But this hides the real truth…Firstly, what is the likelihood that an individual stock or property will follow their respective indexes? In the case of stocks, who knows! The average return of a market doesn’t tell you anything about a particular stock’s movement. Some individual stocks go up, while others go down. Compare this with property. If average prices of property have risen 5% over a year, it’s pretty likely that an individual property will move fairly close to this average.

Secondly, prices in stocks can move every second the market is open. Again, compared to property, the prices tend to change far more gradually and consistently over time.

Below-market purchases:

Real estate is an incredible wealth building tool because it can be purchased below its market value. It’s just not possible to buy below market value when you deal in bonds, stocks or commodities. There’s just one market price.However, with real estate there will always be desperate sellers willing to sell their properties below market value. Why? The most popular reasons are:

* Need to sell quickly due to divorce or financial strain

* Tired and frustrated of the sales process

* Don’t want the hassle involved in dealing with real estate agents and showing lots of people through their home

* Prior sale falling through

* Selling privately and lack of knowledge of their property’s true value.

Add value:

Too many people walk into a property and are turned off by superficial problems. However, all often the problems are quite superficial and can be easily fixed resulting in enormous value and profit. You can visit your local paint shop and repaint the place or put in new carpet or wood flooring, replace the bathroom or kitchen, put in new lights and switches, clean and mow the yard, or any number of other things that will add far more value than the cost of the improvement. Property is quite unique in this regard. With stocks, mutual funds, commodities or bonds, it simply isn’t possible to add any value to your purchase.

Ability to extract cash that is tax-deferred:

When a property increases in price, it’s quite simple to re-mortgage the property and extract cash out of it to buy more assets to build your wealth. You don’t pay tax on the money you’ve released because it’s a loan (not income) and the interest on the loan is tax-deductible as long as it’s spent on buying assets.

It’s a common misconception that this is tax-free income. It’s not tax-free but, rather, tax-deferred until you sell the property. If you don’t sell, there’s no tax to pay.

Releasing cash tax deferred is one of the most effective ways to build wealth quickly and efficiently. Thousands can turn into hundreds of thousands and hundreds of thousands into millions in a very short space of time. For example, if property were to double every 5 years and you had $15,000 in cash, then with 85% loan to value loans you could turn it into nearly $7 million in equity on a $45 million portfolio after just 15 years.

Simple:

Assessing and buying real estate isn’t complex. We all know what makes a good residential property and what looks in need of some attention. Of course, things like structural surveys, etc. are for experts, but that’s just a matter of hiring a surveyor. Local agents can give you the low down on what’s in demand and what’s not. Anyone can tell if a property is desirable to live in and as they say “practice makes perfect.” With practice you’ll begin to find not only the best properties to rent but also the ones that are being offered below market value.

Hopefully you’ll agree that these 7 reasons make property one of, if not the, best method for the average person to generate enormous wealth



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Posted on September 22nd, 2008 by admin  |  1 Comment »

Advanced Wealth Planning Strategies



Your advanced wealth planning strategies should not consist of you going it alone. The key to advancing your wealth is building a quality team of advisor’s. Your advisor’s will make you or break you. Advancing your wealth cannot and should not be done by yourself. Many people make the mistake of doing everything themselves. Doing everything yourself is fine but if you want to increase your wealth you will need advisor’s. Money is an emotional subject for many people. Everyone goes through money problems (even the very wealthy), how you and your team handle your money problems is what counts.

First you should hire a bookkeeper. In order to increase your wealth you must know what direction your money is flowing. Is your spending helping or hurting you? Yes there are many people who balance their own checkbooks but you need an outside opinion. The amount of money you are making is irrelevant when it comes to hiring a bookkeeper. Whether you are making 250,000 dollars a year or 25,000 dollars a year you should still have your own bookkeeper. Once you have your bookkeeper you can now go over your monthly financials. You will see what good and bad spending habits you have. Then you can work to out the bad spending habits and increase the good spending habits.

The next adviser you should have is your financial adviser. Hiring a good financial adviser is one of the best moves you can make. He can help you plan for retirement and other things. Having a 401 K with your company is not enough, be sure to get a financial adviser.

Getting a tax strategist should be your next step. It really does not matter if you are self-employed, own your own business, or have a 9-5 job. Getting a tax strategist is essential because your eyes will be opened when you see the way money is taxed for different people. You will also see how people are penalized with heavier taxes by bringing in a certain type of income.

When choosing your advisor’s choose carefully. Do not just hire an adviser who makes money off of commissions. You want an adviser who practices what they preach and is successful at it. Your advisor’s will be able to help you setup many advanced wealth planning strategies.



Are You Looking For A Realistic $250K First Year Income Potential?

Posted on September 22nd, 2008 by admin  |  No Comments »