How to save money by spending wisely

Written by Willard Michlin


Why is it thatrepparttar older and richer people become,repparttar 112733 more conservative they are with their money? Have you ever done or know someone who has made an investment that promised a 10% interest or profit per month? Everyone wants to make above average profits. It is amazing how many people will send their very hard earned money acrossrepparttar 112734 world to Nigeria or to Boca Rattan, Florida onrepparttar 112735 promise of a telephone acquaintance to make them much richer. People give their money to complete strangers in hopes of making more money.

All good investment advisers will tell their clients “If a deal is too good to be true, it probably is.” Professionals only make very high returns in areas they personally know very well. This, for them, is a business investment, not a passive investment like stocks, bonds or mutual funds. Real estate and business investments are considered active investments. People who are employed by others do not usually make active investments, because they just do not haverepparttar 112736 time to watch a business investment, where big profits are always possible (as well as big losses.)

People with small amounts of money come to me allrepparttar 112737 time and ask: “What can I do with $1,000 that will give me a big return?” Here isrepparttar 112738 answer. When I was a 21-year-old lad working for my father, I had money inrepparttar 112739 bank, I owed securities (stocks) and my income was a fixed salary. I saw many opportunities to make money all around me, inrepparttar 112740 business. My father, like so many employers, wasn’t interested. Besides I was trying to figure out how I could make money for me.

Atrepparttar 112741 time, 1971, we had high inflation and prices were going up on many things. My father used metal rings to seal containers, nuts and bolts, paint, and other industrial supplies. I watched prices starting to go up and it appeared that they might even double on finished products that were made from steel. Sincerepparttar 112742 company used these products allrepparttar 112743 time, buying bigger orders meant buying much more then you needed and having to store it so it didn’t get stolen. I used to buy 2 years supply of bolts at a time. Knowingrepparttar 112744 price was going up, I bought a 4-year supply. Rings took a lot of space so we would buy 3 months at a time. The problem with new rings, being bought and laying around, in storage, was thatrepparttar 112745 workers, takingrepparttar 112746 easy way out, would take new rings out ofrepparttar 112747 warehouse, instead of cleaningrepparttar 112748 old rings, which savedrepparttar 112749 company a lot of money.

My father didn’t want to have a years worth of rings around, even though we both knewrepparttar 112750 price was going to continue going up. We came up with an idea. I would buy, with my own money,repparttar 112751 extra inventory,repparttar 112752 amount aboverepparttar 112753 companies normal order size. My investment inventory would be stored in a separate locked area inrepparttar 112754 warehouse. Whenrepparttar 112755 company needed more rings or bolts, it would buy them from me atrepparttar 112756 then current market price. I made $1,500 on my $5,000 investment in just six months. That was a 30%, no risk profit in just half a year. Now I was hot.

When I got married, and I used more toilet paper and toothpaste than I did before, I decided that I should repeatrepparttar 112757 process that I learned as a boy. When I was a boy toilet paper was 10 cents a role. If you do not know what it is now, take a look. I bought 5 cases of toilet paper and put it inrepparttar 112758 garage. I knew that paper prices were going up. I not only gotrepparttar 112759 increase in price, I got close out quantity discounts byrepparttar 112760 case. Do you know that dog and cat food byrepparttar 112761 case is 10% off? Then if you wait for when Friskies has a sale or close out, then buy large cases; you cannot believe what you will save. If you can get a distributor or wholesaler to sell direct to you, another 20-33% is possible. You might checkrepparttar 112762 price at Costco. It may be cheaper than whatrepparttar 112763 wholesaler will sell it to you for.

High Net Worth Offshore Banking

Written by James Hennessy


High Net Worth Offshore Banking Accounts have never been so accessible. This is a very approachable bank offeringrepparttar full range of saving, investments and financing products.

The minimum balance to open a High Net Worth account is $250,000 US Dollars.

You are always welcome to visit this bank. Notwithstanding, it is not a requirement to visit them in order to become a client.

ABOUT THE BANK This bank is based onrepparttar 112732 Caribbean Island of Barbados. Howeverrepparttar 112733 traditions of this bank are of Canadian origin and date back 30 years. The banks auditors are Ernst & Young.

The Barbados company was licensed as a Barbados Offshore Bank on 23 April 1996. Through its chartered operations, located inrepparttar 112734 Caribbean Island of Barbados,repparttar 112735 bank offers a variety of financial services specifically designed for high net worth individuals and corporations.

They provide Private Banking and tailored financial solutions, delivered with a high degree of personal service and attention.

The Bank's client base is wide and varied consisting of both private and corporate clients. It provides private banking, fund management and investments.

The bank has invested wisely in state ofrepparttar 112736 art technology to enable clients worldwide access to their bank accounts or investment statement.

PRODUCTS This bank only specializes in individuals and companies of high net worth (more than $250,000) to invest.

Whether it is a simple deposit into your account or to reviewrepparttar 112737 design of complex international structures, this bank hasrepparttar 112738 resources to meet your immediate wealth management needs and setrepparttar 112739 stage for your future financial goals.

Within Private Banking, you will find everything you need to manage your financial and legal affairs. There is a range of services forrepparttar 112740 High Net worth individual or company; including personal investment planning, trust services, or tax structuring. Whether you require access to credit, discretionary investment management, or estate-planning expertise,repparttar 112741 Private Banking can providerepparttar 112742 assistance you need to meet your goals, not only today but well intorepparttar 112743 future.

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