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Saving more money or earning more income on its own is NOT going to make you any wealthier. It’s what you do with those savings or extra earnings that will set you apart from normal and help you get ahead in life.
Based on my own experience, I have found that investing in real estate, particularly real estate with a POSITIVE CASH FLOW, is best and most secure way to get ahead and stay ahead.
Before you think ‘I can’t do that, only rich can invest in property,’ then I want to tell you that ‘ANYONE CAN INVEST in POSITIVE CASH FLOW property.’ You just have to know how (refer to other articles of mine).
How much could we estimate you could save each week based on only those suggestions at beginning of article: $15(packing lunch) $10(lunchbox cooking) $30(going out) $20(menu planning-cheaper shop) ____ $75(POTENTIAL SAVING) ====
Now, what’s something productive you can do with this saving to help you really increase your wealth and get out of ‘rat race?’
SOLUTION: INVEST IN POSITIVELY CASH FLOWED PROPERTY.
The changes you’ve made to your budget will get you deposit in no time, plus your extra earning (if you made some!) After that, tenants pay off mortgage for you (assuming it has a positive cash flow). You also have some left over money from your better budgeting which you could put towards mortgage, or better still, save for another deposit on another property.
Before you go investing in real estate, I’d encourage you to get educated so that you really know what you’re doing. If it’s not done properly, it could be expensive, but if it’s done correctly, then it will set you up for rest of your life.
I hope you have found this article thought provoking and encouraging. You can change your current circumstances if YOU CHOOSE to. I hope this has given you some positive ideas as to HOW.
Mandy Nield is a recognised authority on the subject of investing. Whether you are a fully experienced master craftsman or a raw apprentice, you will learn exciting and achievable ways to improve your saving and invest profitably in real estate, to secure a financial future. www.anyonecaninvest.com