Breaking the Financial Trap: Creating a Secure Retirement (part 4 of 5)
Posted: Tuesday, December 22, 2009
by Lance Walker
SkyVault Multimedia Publishing
Part 4 of 5: What Actually Works
The reality is, unless you are a top draw in the entertainment world, there are basically only three ways to legally become financially independent in a capitalism-based economy. They are;
1) Owning a successful business of your own,
2) Investing in something that pays a large, secure, ongoing return, and
3) Win the lottery or receive a substantial inheritance.
"Millennium System" thinking gives you control of your financial future by combining the best of item #1 (business ownership) with the best of item #2 (investing) to create multiple, powerful streams of income.
Of the four ways to earn money in a capitalism-based economy (discussed in Part 2 of this article), business ownership and investing are the only safe, secure options with the potential to offer a large income and the time to enjoy it - in other words, lifestyle.
Some people may not be thrilled with either option. If that includes you, all I can say is, the facts are the facts. Don't let your comfort zone prevent you from doing what you need to do in order to attain the financial freedom you and your family deserve.
Whether we like it or not, capitalism rewards those who pay the price to learn how capital works - and then acquire some. This is simply a reality to be faced. We can benefit from accepting reality, or we can suffer the consequences of denying it - it's that simple.
Option #1 - Owning a Business...
For our purposes, I am defining "business ownership" as heading an operation that is self-perpetuating. In other words, if you leave your company for six months, it's actually bigger when you get back. There are two main ways to accomplish this: you can
1) Buy a company (typically called a franchise) and hire employees, with all the hassles, effort, paperwork, and risk involved, OR
2) Build a company with an Internet-driven marketing plan, that utilizes both spiral marketing and viral marketing methods to build a strong, ongoing, almost-autopilot income.
It's your choice, but having done both, I highly recommend you choose the second option.
A system based around a legitimate, Internet-powered business plan provides you with the following advantages:
>> The option to work from home and eliminate the daily commute
>> Little to no startup capital
>> Flexible hours (often far less than your full time job once established)
>> Quality lifestyle (your kids actually get to see what you look like in daylight)
>> No employees needed (get technology working for you instead of against you)
>> Minimal overhead
>> Multiple tax breaks
>> Be your own boss
>> Cash flow - fast.
Option #2 - Investing...
Investing is the art of getting your money to work for you, instead of you having to work for your money. For example, if you were to purchase and improve a 10-unit apartment building, the rents your receive every month represent ongoing rewards for having made that investment. That's having your money work hard for you... while your tenants work hard for their money.
But which investment vehicle should we start with? In my opinion, the stock market shares many of the same characteristics of a gambling casino. And precious metals - while beautiful to look at - are heavy, need to be stored, and can too easily be stolen.
Of all the investment vehicles available, only real estate consistently provides the most secure, long term opportunity to grow wealth.
Real estate income property offers these unique investment advantages:
>> Leveraged returns (you invest 10-20% of the value of the property, but it
appreciates based on the total purchase price. No margin calls like in the
stock market)
>> The ability to buy using none of your own money or credit
>> Monthly Income (often with taxes deferred on your positive cash flow)
>> Preservation of Capital (Real estate doesn’t go to ZERO like stocks can)
>> Tax deferral opportunities - for both capital gains and for deductions against
>> income from other sources.
Did you know that more millionaires are made during times of economic strife than at any other? You are literally one deal away from a serious improvement in your bank account - once you learn how it's done.
Putting it all together - the "Millennium System" :
As you can see, both owning a business and investing in real estate are smart, effective ways to build financial freedom for yourself and your family.
But what if you were to combine the two? What if you could do both in the same amount of time it takes to do one?
The "Millennium System" -
Real estate for long term profitability, e-business for cash flow.
Here are three facts you should consider carefully:
1) Real estate is undeniably the best wealthbuilding vehicle in history.
2) The Internet is undeniably the best cashflow vehicle ever created.
3) Using both together is the surest, most risk-free way to obtain financial
security for yourself and your family.
The sheer power of this simple concept is staggering in its potential. And the real beauty of it is, you don't have to learn both techniques at the same time! Just pick one, and let it teach you the other.
In other words, you can either A) Build an Real Estate Investing business with Internet support, or B) Build an E-business selling products or services related to real estate investing. Start wherever you're the most comfortable, and let that phase teach you about the other one.
Example 1
Let's say you're interested in first becoming a successful real estate investor. Start by educating yourself with a high quality course such as "Buy With No Credit", which teaches you how to purchase properties with no credit checks and as little as $10.00
down. Then, use your newfound knowledge to locate and acquire investment-grade properties. You can promote your properties for sale, and connect with buyers, funders, and investors anywhere in the world through online groups like the "Pretty Houses Wholesale" forum.
As you become comfortable locating and marketing your real estate deals online, you will begin to find ways to apply the same techniques to any product or service.
Example 2
On the other hand, suppose you prefer to learn the Internet marketing ropes first. Great. The Internet is a self-teaching mechanism, and free publications like Stephen Pierce's "Make Real Money on the Internet" will give you the knowledge you need to go from zero to sixty almost overnight. And all you need is a computer and an Internet connection to get rolling.
Once you have a product, you can get ahead of the pack by concentrating on learning to aggressively promote online - without having to pay one cent for advertising.
Selecting a real estate-related product or service to sell is a great way to double your results. As you choose various materials to market to your niche, and familiarize yourself with them, you will simultaneously teach yourself the real estate investing business!
It's like being paid to get a college education!
You have everything it takes to build your wealth, inside you right now.
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Lance T. Walker is a noted author, career coach, e-business consultant, and proud U.S. Air Force veteran. Reach him at http://www.lancetwalker.com. SkyVault Multimedia Publishing provides marketing consulting, web site development, and Internet business services to owners of small and micro sized businesses. Learn to use today's technology to build your financial success at http://www.skyvaultbooks.com .
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