By: Dale Beaumont
Ever wondered why some investors achieve extraordinary success, while others struggle to make the grade? Why some investors attract an abundance of great opportunities, while others are still out there looking?
A new book titled: 'Secrets of Property Millionaires Exposed!' takes people up-close and personal with eleven of the country's most successful property investors, including John Fitzgerald, Hans Jakobi, Peter Comben, Ed Chan, Dymphna Boholt, Gordon Green, Craig Turnbull and others. In a surprisingly candid way each contributor shares their own unique wealth strategy and dozens of hints and tips from years of experience.
The following ten (10) points are the author's perspective of those personal qualities and attributes that all multi-millionaire property investors have in common.
1. A strong desire
Successful investors have a strong desire to achieve their goals. They are not willing to compromise on their dreams and tend to be people that won't settle for a mediocre life. They understand the importance of building wealth, not for the sake of having more money, but for the lifestyle, time and choices it brings. For example, one of the people in the book, Dymphna Boholt, was at a low point in her life where she'd just gone through a divorce and had two hungry mouths to feed. Her wish to spend time with her kids and provide them with a good upbringing fuelled her desire and drove her to achieve great heights.
2. Think abundance
Every person interviewed in the book had an abundance mindset. They are of the belief that opportunities are always there and if they remain positive and optimistic, life will attract to them what they need. In fact, a number of them commented on the belief that the deal of a lifetime comes around once a week. So if you miss an opportunity, keep your chin up, because another deal is waiting just around the corner.
3. Be committed to a strategy
Many of the millionaires commented that the biggest mistake they see new investors make is that they try to execute too many strategies at once. As a result of chopping and changing, they lose focus, have fewer results and at worse, withdraw from property investing entirely. So take the time to devise a well thought out plan and then stick with it long enough to see it bear fruit.
4. Great communication skills
Multi-millionaire property investors understand the fact that real estate is ultimately a people business! While the properties themselves may be inanimate objects, the people that own them, and the people around them are real people with feelings and emotions. That is why it's important to treat people with respect and listen to their needs. News travels fast in property and your reputation is the key.
5. Action orientated
This is where the rubber hits the road. High achievers understand there is time for setting goals and developing plans, but then there's time for action. They know that when all is said and done, most talk but few do. High achievers take deliberate action. They know that anything worthwhile in life does not happen by accident. You must go after it and make it happen.
6. Take responsibility
People who make a real success of property investing take responsibility for everything that happens to them. They resist the urge of blaming others for their circumstances. For example if one of their properties becomes vacant for two months they accept responsibility and become proactive about finding a tenant, rather than blaming the property manager.
7. Focus on the team
Highly successful investors have all come to the realisation that you can't do everything on your own. That's why they're committed to finding and keeping the best people to work with.
8. Have an ability to bounce back
Challenges and obstacles are part of any worthwhile journey. Successful investors understand this and have developed a special ability to express resilience when times are tough. There's a Japanese proverb which says, 'fall down seven times, get up eight'.
9. Committed to continual growth
The only certainty in property is that things will never stay the same. That's why each of the people interviewed for the book are committed to broadening their knowledge base. They advocate the importance of knowing what's happening in the market and being aware of new issues that might affect them now or in the future.
10. Celebrate your success
There is one more quality of successful property millionaires and that is they celebrate their successes and reward themselves for their achievements. There are a lot of people who are not happy because they haven't mastered this particular quality. So go on, get out there and enjoy the journey!!
____________________________________________________________________
About the Author
Dale Beaumont is a young entrepreneur and the creator of the 'Secrets Exposed' series. Having now released over 15 best-selling business books (available in bookstores across Australia or from www.SecretsExposed.com.au). Dale has been featured in all forms of the media and has become a sought-after speaker. To discover more about Dale's books, read his blog or to download other free articles and resources, please visit: www.DaleBeaumont.com
Photo: Courtesy of www.smh.com.au
The Essential Qualities of Multi-Millionaire Property Investors
Negotiation: The Highest Paid Work You'll Ever Do
By Dale Beaumont
Let's do a quick test!!
1. What is your hourly rate?
2. Now divide that number by 60 and what do you get?
That's the value of your time every minute. If it's more than $1.00 you're doing well. However, how would you like to increase that figure to $100, $1000 or even $10,000 per minute? Well you can, simply by learning the art of how to NEGOTIATE. As real estate investor Hans Jakobi says, "NEGOTIATION Is The Highest Paid Work You'll Ever Do!"
A new book titled: 'Secrets of Property Millionaires Exposed!' takes people up-close and personal with eleven of the country's most successful property investors, including John Fitzgerald, Hans Jakobi, Ed Chan, Dymphna Boholt, Gordon Green, Craig Turnbull and others. In a surprisingly candid way each contributor shares their own unique wealth strategy and dozens of hints and tips from their years of experience.
The following six (6) points are the author's perspective of the contributor's views on the subject of 'The Psychology of Negotiation'.
1. Understand where the money is made
All successful property investors know that the money is made when they 'buy' and not when they sell. Buying at wholesale or 15-20% below market value is like adding rocket fuel to your portfolio's growth. By buying below market value you instantly build significant equity in your investment. You can use this equity to move onto your next property faster, or perhaps to fund renovations which in turn increases the property's value even further (more equity) and enables you to receive a higher rental return (more income).
2. Know that the deal you do is the best deal for them
Remember that if you come to a deal with the vendor, it was the best deal they had on the table. So by doing a deal with them, you have in fact helped the vendor take the property off their hands and you've paid more than what others could afford to pay. By understanding this you will make a small yet significant shift in your psychology when negotiating on a property. By having the mindset that you are there to help the vendor out of their predicament you'll be less inclined to become emotionally involved in the negotiation.
3. Get to know the vendor's needs
Although it is true that in negotiation 'information is power', it is information about the vendor's needs that will help you to reach the best deal for both parties. If you can find out the real reason why the vendor is selling, you'll know how motivated they'll be to accept your low offer. What's more, by asking questions, you'll be in a better position to offer more favourable terms and conditions. So show interest and ask questions!
4. Don't act too keenly on a property
When talking on the phone or while doing a house inspection, a trained real estate agent will ask pointed questions of you to extract information which may later be used against you to lever up the price. When this happens stay neutral and even a little nonchalant. But be careful to not come across as disinterested, otherwise you wonÕt be seen as a serious contender and you'll be left out of the communication loop. So stay relaxed and cool but with your eye on the ball.
5. Never lose your cool
Keep in mind that you'll need to be communicating with the agent and vendor over the entire length of the contract, which could be up to 90 days or more. So it's imperative you stay consistent and refrain yourself from sudden outbursts if something doesn't go right. Remember if the vendor believes they have been taken advantage of or felt offended, even the smallest request by you will be seen as an opportunity to get even. It's called human nature!
6. Be prepared to walk away
Sophisticated investors understand the deal of a lifetime comes around once a week, so don't be disheartened if one slips through your fingers. Take some time to sit and think about what happened and what you can learn from the experience. Then get on your feet and keep moving, because another deal may just be waiting right around the corner.
_____________________________________________________________________________________
About the Author
Dale Beaumont is a young entrepreneur and the creator of the 'Secrets Exposed' series. Having now released over 15 best-selling business books (available in bookstores across Australia or from www.SecretsExposed.com.au). Dale has been featured in all forms of the media and has become a sought-after speaker. To discover more about Dale's books, read his blog or to download other free articles and resources, please visit: www.DaleBeaumont.com
Photo: Courtesy of www.mastercleanco.com
Real Estate Investment - Still a Great Option for the Long Term Investor
by: Matthew Honsberger
Investing in Real Estate is a great Addition to any portfolio, but what is the best way to do it? There are a number of different options, and we will go through some of them here.
The first one, and the one that seems to get the most attention these days is the "Flip". With the emergence of shows like "The Big Flip", and "Flip This House", this Buy, Renovate and Resell strategy is the 'sexy' option for most real estate investors right now. However, there are a few things to consider before you go about this. The first thing to think about, of course, is where are you going to find the property that is priced well for the flip.
There are a few options for investors - the first of which is to contact a good Real Estate Agent and have them scan all listings for you for any that are undervalued, priced as is, owned by the bank or foreclosure company, or any other good opportunities that might be on the market. Your Real Estate Agent is your best friend in this respect, as they will be very motivated to find you the best property, and will be very vigilant, if for no other reason than they know you will be reselling the property at some point pretty soon!
When looking for Properties to Flip in your area, remember that the same rules apply as to your own home - the first three things you should look for is Location, Location, Location! Properties that are in Downtown Areas are often the easiest to resell, however, they are often more expensive than more suburban properties, so that will eat into profit margins. Look for houses on popular streets, in good neighbourhoods. If you are buying into a worse neighbourhood, make sure you are factoring that into your price of purchase, and projected resale.
The other Key factor to the Flip, is that you must ensure that you don't price yourself out of the neighbourhood. For Example, no matter how nice you make your small bungalow in an area of starter homes, Don't expect to resell it for 50% more than anything else in the area! Ensure that your renovations don't bring the price too high. Finally, Understand that the higher price bracket you try to flip, the longer it is going to take to resell, and the higher your materials costs will be. You need to consider all of this and much more before considering the flip.
The other main strategy that you can use to add to your investment portfolio in the real estate world is the rental property. Rental Properties offer two different qualities to your portfolio - income and capital gain.
Your rental property can offer you a monthly income over and above your monthly outlay of expenses (mortgage, utilities and taxes). Even if your rental property doesn't offer you a huge (or any) monthly income, remember, you are also earning a capital gain on the property, as it is very likely to increase in value... just like your personal home is.
All of this should be taken into consideration when deciding on a property. However, with Rental property, the most important consideration is always the Tenants that you have. A great looking, well maintained and located property can still be a nightmare if you get a bad set of tenants in their. It is important to do stringent interviews, check references and draft a strong lease agreement. You should also familiarize yourself with the Nova Scotia Tenancy Act. Finally, you need to decide what kind of rental property you are going to run. Do you want to rent to students? Young Professionals? High or Low Income? Students offer payment by room, which is often higher than you could command for entire flats, but you have to consider that they will likely not care for the building very well, and might not have the rent each month. Additionally, you have the concern of them bailing out on you once school ends for the year.
Young Professionals will often be very easy to deal with, will pay their rent on time, but will also be very astute about how much they will pay, and are likely to be there for only a short period of time. Your Rental portfolio must always account for at least a 5% vacancy rate (in the good times), and must still generate money for you with that in the equation.
Like I say, in both of these cases, your real estate agent can be your best friend, and you should seek out one that you feel can be an informative and trusted advisor. They will work in conjuction with your financial planner as well, to determine what the best course of action for you is. As always, you should feel comfortable with whatever investment you make!
____________________________________________________________________
About The Author
Matt Honsberger is a Licensed Real Estate Agent in the heart of maritime Canada - Halifax, Nova Scotia, and the designer of http://www.homesinhrm.com.Photo: Courtesy of www.ProRealEstateHomes.com
Real Estate and Your Retirement
by: John Harris
Many people are looking for ways to increase their retirement income. For most of these individuals, their homes are the greatest asset. A large section of the aging population has failed to plan effectively in order to have sufficient savings at retirement. They now are looking to their real estate to supplement their retirement income.
Real estate values are very unpredictable, especially now with the decrease in the real estate bubble. Prices are falling in some cities and flattening in others. It will take some planning to get the most from selling your real estate to supplement your retirement.
Be Realistic. To plan effectively, you must be realistic about the price you may get for your home. Real estate is an up and down market, so you should assume a traditional real estate market for valuating your home, with gains in value equal to the inflation rate. At retirement, you will have the same purchasing power you currently have. If gains in real estate values are better than the inflation rate, then you will have more. Just don’t count on it.
Get the Most from Your Real Estate. People used
to work hard to pay off their mortgages for homes they planned to raise their children in and retire. Since 1989, the number of people 65 and older with mortgage debt has nearly tripled, adjusting for inflation. Making payments on real estate in retirement years will deplete your savings and retirement income faster than any other expenditure.
There are three reasons to pay off your real estate mortgage — (1) decrease expenditures in your retirement years, (2) use the mortgage interest rate that you will save to increase your retirement savings, and (3) build more equity, in case you need it as income on which to live later. Paying off your mortgage is a good thing to do, regardless of what the real estate market is doing.
Downsize Your Home. If you are living in a home that is larger than what you need, do not hold on to it for sentimental reasons. Selling the larger home for a smaller one can: (1) give you a smaller mortgage payment than you currently have, or (2) purchase a smaller home outright with no mortgage. It also means less physical upkeep by you, as well as less maintenance and repair costs in the future during retirement. Please keep in mind that there will be selling, moving and new home renovation costs that must be deducted from the sale proceeds.
Sell the Extra Real Estate. If you have a second home or vacation real estate that will not be your retirement residence, you may wish to sell this extra real estate now, putting the sale proceeds into your retirement savings. You can put the mortgage and annual upkeep payments for this property into your retirement savings, too.
Reverse Mortgages. Though these products have been around for some time, we are hearing a lot about them lately. Such mortgages give you 50 percent or more of your home’s value with no mortgage payments, which are collected by the lender at your death or if you sell the real estate.
Beware! Reverse mortgages should be used only as a last-ditch effort at survival. The interest and fees added to your mortgage debt can be very costly. If you must consider a reverse mortgage, here are a few smart tips:
• There are only a few reverse mortgage products now on the market, but others are coming soon. So, wait two or three years to garner more options and possibly better products.
• You must be 62 to qualify for a reverse mortgage loan, but wait as long as possible to take such a loan. The younger you are, the smaller the loan and higher the cost over time.
• Check out all of the products on the market and get independent financial counseling on the best one for you. They may look the same upfront, but the number of years and the loan value differ greatly between products, as well as the costs over time.
• Do not buy into the hype! Mortgage brokers receive a large commission on these products. If you feel you are being pushed in this direction, check out other lenders.
• Plan ahead. If you move and sell your real estate, the lender receives all that is due on the reverse mortgage from the sale proceeds. This could actually leave you in a worse financial state.
____________________________________________________________________
About The Author
John Harris is an expert researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more on San Diego Homes for Sale visit http://www.twtrealestate.com.Photo: Courtesy of www.EuropeanTop.com
Making Profits in Real Estate
by: Paul R Wilson
We have all seen people making fortunes by investing in the stock markets and at the same time millionaires turning into paupers. This rarely does happen with real estate investing. There are living examples among us that some of us may or may not be aware of. A good example is the properties we inherit. The values of these have been growing all these years with appreciation annually. The investment was made years ago. Over the years the increase in the property value is the returns that we are benefiting from these days.
Real Estate
A Real Estate is a piece of land with all its natural resources and more often than not contains a building of some sort. You can take any type of building that is either a constructed or a manufactured property, however an immovable property is always permanently affixed to the land.
Why The Rush To Invest In Real Estate?
* Falling stock market has generated fear psychosis among the investment community reminding them of the Great Depression.
* Failing pension system with growing inflation has added to the woes of the retirees and employees.
* Lower interest rates have compelled the money to be diverted somewhere else for higher returns.
* Moreover banks are willing to extend loans for the purchase of land and buildings at lower interest rates. 
How Lucrative Is The Real Estate Business?
Real estate has wide options for making money; one being to buy and either hold it or rent it. Likewise other benefits are:
* With the rents from the tenants continuous cash flow is guaranteed.
* Mortgage loans from banks help in buying with or without personal investment.
* In case of mortgage loans, the cash flow by way of rents will continually reduce the principal borrowed.
* Improvement of the locality will in turn increase the value of the property overtime.
Statistics reveal that housing is a low risk investment. Gauging by the market trend the average market value of the homes has risen by 50% in the past 10 years. The wealth earned from the real estate investment has surpassed that of the stock market returns indicating the faith of the investors in real estate. This is a sign of an upward trend in the days to come.
Haven’t we all heard of our neighbors making big bucks in real estate very often? Every now and then we see some one selling off a home or a real estate property in a week or two of buying it for a big profit. Every one of you, like I, must have thought real estate is where quick money is. But is the market quite so? Can anyone make quick money by investing in real estate? Unfortunately, it is not quite so, although we rarely, if ever, hear people loosing money in real estate investment.
Making quick money is something that takes a lot of preparation and planning before investment, when you are invested and when selling or closing the deal. Further more, the investment amount is not small too, which no one can ignore. A slight mistake in prediction or a change in the legislation concerning real estate property or tourism or industry sector has the potential to turn over the whole real estate economy on its head resulting in wiping out of your capital too.
Any real estate broker would vouch for this fact. Take a scenario, for example. These brokers, in addition to brokering deals, also enter into contracts with sellers for selling off their property by making a down payment, which obligates them to sell at higher than the contracted price. Federal housing loan rates have revised now and there prevails a real estate slump, which is unforeseen. Wealthy brokers can wait till turn around of the market and still make a profit but they are still tied down by the blocked money. The case will be worse for smaller players with this condition.
Similarly, speculative investors are either forced to sell at loss or wait for unknown periods of times. The burden of interest you have to pay if you invested borrowed money might eat into your capital too, if the slump prolongs.
Unlike in stock and shares investment arena, you don’t have enough instruments in real estate to spread your risks and investment. All is fine when market booms but tough gets the going when things go awry. Lesson: longer you are invested better will be the return; no room for quick money, in general.
____________________________________________________________________
About The Author
Paul WilsonPRW Realty - http://realestateinfoinsider.com
Photo: Courtesy of www.SellYourNotes.com
How to Get Rich: Is Real Estate Investing The Number One Way?
by: Danny Welsh
“How to get rich”: there are few more written upon topics in the history of history than how to get rich. Is Real Estate Investing the Number One Way to leverage yourself and build wealth easily? If you’re an entrepreneur who is constantly striving to get to that next level in your life, your business, and your finances, you’ll likely agree with me when I say that we entrepreneurial personality types have an insatiable appetite for consuming material on how to get rich, and how to leverage yourself to build wealth easily. As a real estate entrepreneur who writes often on investing, I’m not going to focus on how to get rich in real estate investing with this article. In fact, I’m exploring if there could be something even better for building wealth easily. An even more powerful way to leverage yourself!? Let’s see!
Build Wealth Easily?
But despite our best efforts and intentions and goals, that doesn’t mean each of us is able to figure out the why, where, who, when, and most frequently the what of how to get rich. Not all of us can drive every vehicle capable of shuttling them to success equally or as quickly as they might another vehicle. That’s why I wrote this article. Real estate investing is my passion. Real estate investing can build and keep wealth like nothing else. But I won’t claim it’s the best vehicle to build wealth easily. In fact, I’m not sure it is!
This article will help some of you see the types of actions and scenarios likely to take someone reading about how to get rich and propel them into a future full of success and sharing with others how to get rich— just by taking each of these vehicles for a mental test drive.
I believe one of the fundamentals of how to get rich is becoming a master of leverage, learning to leverage yourself by learning and applying systems of duplication and delegation and automation. By using creativity and the creation of value to multiply your results with the systems, efforts and resources of other people and organizations, you can be sure that every minute and every dollar you spend in pursuit of your goals learning how to get rich will come back at you in droves.
In real estate investing, I’m familiar with a lot of these methods to leverage yourself, as you can see from visiting the website -- but what about these other plans for how to get rich?
That brings me to the top 13 ways in my opinion to get rich in today’s world— without having to be someone special, have special knowledge or look like a million bucks— as I see them, with an emphasis on how much LEVERAGE you have.
How to Get Rich Top 13 Answers
13. Steal the money
Whatever your religious beliefs, or whether you are consciously aware that there is a God or not, stealing money from others is not a great strategy on how to get rich. Humans are hard-wired with a conscience that in most cases knows right from wrong. Few people can live a full and happy life knowing that their fortune was built on robbery, theft, deception, trickery, or lying. It may appear the “easy route” but in the end karma always wins.
12. Winning the lottery
We do not value that which we did not work to earn. Sure it’s nice to fantasize about what we would do with a hundred million dollars, or fifty, or twenty, or ten. Some people say they play the lottery as an “investment vehicle”. The only more ridiculous statistics than the odds stacked against you winning are the statistics of what happens in the financial futures of the average lottery winner: 4 in 5 are BROKE or in debt within 10 years. How? When you have a paycheck to paycheck mentality (as much of the world does) lottery winnings are just a much bigger paycheck. For most people, as one’s income increases so too do the expenses—but faster. Lottery winners who did not have some financial success already are doomed to lose it all.
11. Being born rich
Napoleon Hill once said, in paraphrase, “there is nothing more dangerous than unearned riches”. What did he mean by that? It’s a simple factor of human nature that the more we are given the less we appreciate. Or know the value of. Or how to get it on our own. There’s a reason predators bring meat to their young early on but later set them loose to learn how to feed themselves. The worst possible position to be in, should you lose all your wealth, is that of never having had to learn how to get rich in the first place. The only reason this is better than winning the lottery is because if you are determined to make it happen, you’ve already been exposed to wealth— so you’re not mentally limited as to how much you think you can earn. That’s a huge limitation for many people looking to build wealth easily, not having “seen” wealth.
10. The professional/corporate grind
Being a regular 9 to 5 employee with a guaranteed salary, benefits, 401k and stock options, and job security is not a negative— unless you want more than trading your time for dollars, that is! Admittedly, for some people, there’s something to be said for the safety of a secure, well-paying job that makes us feel normal. You can get rich just by living below your means and investing the difference— even teachers who made no more than $30,000 a year have died leaving multi-million dollar estates. This is great if you are patient, disciplined and can wait 30 years— but it’s not MY idea of how to get rich. Nor is ANY job or career exactly so “safe” anymore in today’s world of downsizing, layoffs, outsourcing, off-shoring, corporate mismanagement, and eroding benefits. Worse, you’re not using leverage here— no matter how hard you work, you can leverage yourself to a great degree as an employee! You’re a cog in someone else’s machine as an employee.
9. Unlimited income direct sales
Sales is one of the highest-paying professions in the world. It can also be the lowest-paying profession in the world. Being a commissioned salesperson with no earnings cap on commissions can bring in a lot of money if you’re good. IF you’re good and you bust your hump. And if your product is solid. And if the economy is strong. And if your company stays in business. And on and on. Too much is not in your hands! The main issue though is that the skills that will avail you of a successful career in professional sales can be used much more efficiently when you leverage yourself by using other vehicles to channel your talents.
8. Franchise Owner 
2 + 2 = 4 no matter whether you can do math or not. Franchises are set up to be businesses run based on a system already proven profitable. Whether they are as “turnkey” as their promoters claim is debatable, but there is certainly money in the franchise game to be made. It’s no wonder economists have labeled the franchise boom of the 20th century as the McDonaldization of business when the average McDonald’s restaurant franchise grosses $1.9 Million per year for its franchisee owner. Still, the financial barrier to entry can be as high as a normal business and in many cases even higher.
Leverage Yourself
7. Network Marketing
This one could closer to the top of the list if the opportunities available were worthy to be at the top—most aren’t. If you find the right opportunity, however, and work it with a vengeance on a consistent basis you can gain leverage yourself substantially by using other people’s time. Unfortunately, most people never find the right company at the right time and make the right choice to take action. Then, when they fail, as 9 in 10 do within a year, they give up never having gotten past the dream of buying into someone’s plan to teach them how to get rich—and into the reality. However, for the person in sales who can sell and recruit, network marketing is a better answer in many cases than just conventional selling— for the simple fact that you’re building your own business and residual income streams that will continue whether you continue to work or not.
6. Information Product Sales
Internet marketers of today are capitalizing in ever-increasing numbers on human nature tendencies direct marketers have known for many, many long years. There are some “problems” we have as people that there is NO LIMIT to the amount of money we will throw at the problem trying to find the perfect “solution”. The best markets to sell information products to are: (1) Business Owners Seeking Solutions (2) Better Appearance Seekers (3) Business Opportunity Seekers (3) Diet & Fitness Seekers (4) Dating Advice Seekers and 5) Avid Leisure Hobbyists. The best part about information product sales is the low overhead cost to produce the products you deliver, and the high profit margins you can earn.
5. Business Owner
Business ownership has many more benefits than can be touched on in a short paragraph but suffice it to say that if you’re not in business for yourself you should be. There is little more fulfilling than being your own boss, and working to build something that might outlast you. The cash flow, the tax benefits, the respect in the community, the outlet for creativity— all of these things make owning a small business (or growing a large one) a large part of the average human dream. As a business owner, you can incorporate many of these other vehicles in your plan for building wealth easily.
4. Celebrity
Clearly, celebrity sells. There are many mega-millionaires on this planet with no other talent 
than somehow managing to capture the interest of an audience worldwide (or even regionally) longer than their allotted “15 minutes of fame”. Publicity equals better than advertising and advertising done skillfully equals revenue. Celebrities are money machines who can make money in most of the rest of these categories but there are three reasons this is not nearer the top of the list. Despite the number of “what did they do’s?” out there , there are many more celebrities who are famous for a reason— they worked very hard to become the best (or best promoted) at what they do— be it sports, entertainment, speaking, etc. Secondly, there is a very high barrier to entry to this kind of life, one most people just do not have the look, skills, contacts, nerve, or charisma to break into. Lastly, there’s a huge cost to celebrity that would take it out of the top choices of a “best ways on how to get rich” list: your privacy is nonexistent in today’s world of celebrity.
3. Intellectual Property
With income streams from licensing to franchising to royalties to patents, copyrights, and trademarks— creating intellectual property is a serious method of building wealth easily. Musicians, authors, inventors, creative artists, franchisors, entrepreneurs, and high-level marketers are all making tons of money, residually, for many years from work they completed just once. This is a very high leverage activity! Books, music, ebooks, graphic and multimedia designs, software, copywriting, inventions, franchisable sales systems, the list goes on and on. Is this a vehicle you can put into action tomorrow? Not usually! But as you make your way in the world of wealth do not forget to use intellectual property to leverage yourself!
How to Get Rich: Real Estate Investing the Best?
2. The Real Estate Business
It’s widely accepted that 90% of all the world’s millionaires either made or keep their wealth in real estate. Water is wet. The sky is blue. Over time, real estate goes up. These are simple facts. Contrary to the “get rich quick” infomercials you’ve seen, though, figuring out how to get rich in real estate investing isn’t easy. But it is simple, once you understand the processes involved and actively and consistently pursue the business. Real estate investing is one of the highest forms of leverage we have as entrepreneurs, with savvy investors utilizing not only other people’s money, but also other people’s time and even other people’s credit. The real estate business is full of wealth-building opportunities: foreclosures, rentals, lease options, commercial properties, short sales, tax liens, being an agent or loan officer, investing in notes and mortgages…the list goes on and on! Of these, investing in notes and mortgages is pretty high on the easy scale, getting the benefits of real estate without some of the management headaches.
I obviously believe in real estate investing, but I’m not so sure there isn’t an even better, easier, higher leverage vehicle out there for creative entrepreneurs like you and me!
1. Joint Ventures (A.K.A. Strategic Alliances)
Joint Ventures is the best way to build wealth easily. Scratching your head? Well, soon you’ll see that doing successful joint ventures to make massive cash with minimum efforts and minimum risk is just common sense. Too bad common sense ain’t common! If you can master putting together joint ventures, you can be assured that if you build wealth and lose it all— you can quickly earn it back. When you master joint ventures, everything you need to get started again building wealth easily is now in your thought processes. It’s become as simple as common sense. This is because with successful joint ventures you don’t need products or services or invesntory. You don’t need an office, factory, employees, customers, or anything else traditional businesses need. You just need ideas. Of course, if you have any of these things, it only makes it easier because you bring something even more to the table than your brilliant ideas. The basic formula of how to get rich with joint ventures is answering these questions: “Who do I know?”, “What do they have?”, and “What do they need?” Then you play deal maker. That’s it! Zero risk, high profit potential. The ultimate in way to leverage yourself to build wealth easily.
____________________________________________________________________
About The Author
Joint Venture with America’s #1 Real Estate Network -- no cost, $2,000 commissions. Danny Welsh and HIS Real Estate Network are seeking INFLUENTIAL professionals/entrepreneurs with EXISTING client base for joint venture marketing of high-caliber real estate investment product with $2000 commissions and turnkey marketing support. You do not need a license of any kind but realtors, mortgage officers, CPAs, CFAs, REIA organizers and real estate attorneys will profit well. Your clients will love you! Not a Job. Not an MLM. No cost for you. To find out more and schedule a quick no-obligation talk you can call/write now at phone (813) 425-3349 x. 710, email JV@homeinvestingsolution.com or visit http://www.hisjointventures.com today!
