Eight Dynamic Ways to Find Investment Funds
If you are new to Wealth Building you may be wondering where you will get the extra funds to invest with.
However, there are several ways to get access to money to begin your investment portfolio sooner than you expect.
1.
Identified Savings - a) All great investors are great savers.
Because we have not been taught about profitable low risk investing, most people spend all they earn with no incentive to save.
But short-term sacrifice can mean long term gain.
A modest investment nest egg can earn big dividends and fund your early retirement in style.
So pay yourself before everything else.
Calculate 10% (minimum) of your income and pay it to your investment account EVERY PAY, You Are Worth It! Savings - b) Find ways to live more economically and pay the savings to your investment account.
There are ways to buy and build better housing more economically, better cars cheaper, etc.
etc.
Remember - you pay tax on earnings NOT savings, so every dollar saved is worth several earned.
Note the amount you are now saving each pay, while continuing to live comfortably, these are your identified savings.
2.
Sell excess stuff - In modern society we just have to own the latest of everything.
Our cupboards and sheds are full of stuff we had to have but now never use.
This can fund your retirement in style.
You are likely to have plenty to sell if you can be honest.
Put an add in the newspaper, have a garage sale, list on E-Bay, whatever it takes turn your unused stuff into investment cash.
Next stop buying things you don't need.
Build real wealth then pay cash for them.
Wealth builds on itself.
An annual earning rate of 10% on $10,000 savings will be $11,000 after one year, $12,100 after two years and $25,937 after 10 years.
If this sum simply accumulates for 30 more years at a 10% rate, the capital sum after 40 years will be a massive $2,780,985.
Safe investment strategies will yield 10% plus p.
a.
year after year.
3.
Tax - Legally minimize your tax as efficiently as possible.
The wealthy structure themselves to pay tax last.
Get a good structure savy accountant for good advice to lower your taxable income.
Wage earners pay tax first and then all the other expenses, structure smart investors pay their legitimate expenses first then tax out of what is left.
4.
Increase your Income - See your boss and negotiate a pay rise.
Write down on paper good solid reasons why you are worth more to your boss.
Present this to your boss and expect a raise.
If you don't succeed but you know you are worth it, change jobs.
5.
Borrow other peoples money (OPM) - Most successful business people use OPM.
Using your identified savings, you now know how much you can spend each month to service an initial investment loan.
Calculate how much this will allow you to borrow then use the banks money, do vendor finance deals, borrow from private investors.
Set up win/win deals and show you can service the loan payments and deliver profits and you will never be short of funds.
As long as the investment pays more than the interest you incur you will profit.
Ensure you only build good debt invested in money earning assets, putting money in your pocket.
6.
Equity Mate - So you own or are paying off your own home, and are really proud of how much you have paid off.
Excellent, then you have valuable equity, equity that can be cashed up and used for investing.
As long as your investments are earning more than the Bank interest on the loan, you are making money, and your home will continue to appreciate in value, building more equity for later use as needed.
7.
Parents equity - No equity of your own, talk to your parents, family, friends, investors and show them how your chosen investment strategy works and how you can all profit with minimal risk.
Underwrite their risk so they are lending to you risk free.
Win/win means you profit and they profit, set up good solid deals and honor them.
8.
Superannuation (401K) - This year the large Superannuation funds LOST you MONEY while the fund managers continued getting massive trailing commissions? Individuals running their own Self Managed Superannuation Funds (SMSF) out performed them.
Find a good accountant who can assist you to take control of your own Retirement funds and ensure they grow, and get a good investment education to ensure you make money in every season.
Most of all Have fun Earn lots, save lots, spread your risks, link with proven mentors, know and minimize your risks, and educate yourself.
But life is to be enjoyed and it's all not worth it unless you - have fun.
However, there are several ways to get access to money to begin your investment portfolio sooner than you expect.
1.
Identified Savings - a) All great investors are great savers.
Because we have not been taught about profitable low risk investing, most people spend all they earn with no incentive to save.
But short-term sacrifice can mean long term gain.
A modest investment nest egg can earn big dividends and fund your early retirement in style.
So pay yourself before everything else.
Calculate 10% (minimum) of your income and pay it to your investment account EVERY PAY, You Are Worth It! Savings - b) Find ways to live more economically and pay the savings to your investment account.
There are ways to buy and build better housing more economically, better cars cheaper, etc.
etc.
Remember - you pay tax on earnings NOT savings, so every dollar saved is worth several earned.
Note the amount you are now saving each pay, while continuing to live comfortably, these are your identified savings.
2.
Sell excess stuff - In modern society we just have to own the latest of everything.
Our cupboards and sheds are full of stuff we had to have but now never use.
This can fund your retirement in style.
You are likely to have plenty to sell if you can be honest.
Put an add in the newspaper, have a garage sale, list on E-Bay, whatever it takes turn your unused stuff into investment cash.
Next stop buying things you don't need.
Build real wealth then pay cash for them.
Wealth builds on itself.
An annual earning rate of 10% on $10,000 savings will be $11,000 after one year, $12,100 after two years and $25,937 after 10 years.
If this sum simply accumulates for 30 more years at a 10% rate, the capital sum after 40 years will be a massive $2,780,985.
Safe investment strategies will yield 10% plus p.
a.
year after year.
3.
Tax - Legally minimize your tax as efficiently as possible.
The wealthy structure themselves to pay tax last.
Get a good structure savy accountant for good advice to lower your taxable income.
Wage earners pay tax first and then all the other expenses, structure smart investors pay their legitimate expenses first then tax out of what is left.
4.
Increase your Income - See your boss and negotiate a pay rise.
Write down on paper good solid reasons why you are worth more to your boss.
Present this to your boss and expect a raise.
If you don't succeed but you know you are worth it, change jobs.
5.
Borrow other peoples money (OPM) - Most successful business people use OPM.
Using your identified savings, you now know how much you can spend each month to service an initial investment loan.
Calculate how much this will allow you to borrow then use the banks money, do vendor finance deals, borrow from private investors.
Set up win/win deals and show you can service the loan payments and deliver profits and you will never be short of funds.
As long as the investment pays more than the interest you incur you will profit.
Ensure you only build good debt invested in money earning assets, putting money in your pocket.
6.
Equity Mate - So you own or are paying off your own home, and are really proud of how much you have paid off.
Excellent, then you have valuable equity, equity that can be cashed up and used for investing.
As long as your investments are earning more than the Bank interest on the loan, you are making money, and your home will continue to appreciate in value, building more equity for later use as needed.
7.
Parents equity - No equity of your own, talk to your parents, family, friends, investors and show them how your chosen investment strategy works and how you can all profit with minimal risk.
Underwrite their risk so they are lending to you risk free.
Win/win means you profit and they profit, set up good solid deals and honor them.
8.
Superannuation (401K) - This year the large Superannuation funds LOST you MONEY while the fund managers continued getting massive trailing commissions? Individuals running their own Self Managed Superannuation Funds (SMSF) out performed them.
Find a good accountant who can assist you to take control of your own Retirement funds and ensure they grow, and get a good investment education to ensure you make money in every season.
Most of all Have fun Earn lots, save lots, spread your risks, link with proven mentors, know and minimize your risks, and educate yourself.
But life is to be enjoyed and it's all not worth it unless you - have fun.
Source...