Climbing Mt. Montelongo Wealth Building Mountain

Posted on 22. Mar, 2010 by admin in Wealth Building

Many people think that building wealth is something that is only done by those who already have wealth. This presents a challenge that many find to daunting a task to take on. Building wealth can seem like your standing at the base of a large mountain and your looking up and the mountain and it is so big that its just to big to climb.

This feeling of being overwhelmed by the goal of making money can be to scary for most. But it doesn’t have to be that frightening. The current day housing market is a challenge for most real estate and house flippers. With many foreclosures happening as we speak, a buyers market is upon us. Buying and selling properties and wealth building may seem like trying to climb one of the biggest mountains in the world. But actually, sometimes opportunities can surface from challenging times. With so many properties and houses on the market at one time, the price of properties is low and good prices are a good way to climb that mountain of real estate chaos.

The mountain can be climbed by buying real estate housing for a low price. This buyers market is exactly what will spawn many new low deals on real estate. With Real Estate coaching to help you from companies like Armando Montelongo and the markets low prices, a person can conquer the highest mountain climb by ensuring profit on the deal on the front-end. This will create a margin on the back end of the sale that you can make your profit in.

Buy low and sell low. That is one way to win in this challenging housing market and you can reach the highest peaks of your real estate and wealth building dreams, even when you think the climb will be to much.

Wealth Building and Your Opt-in List

Posted on 20. Mar, 2010 by admin in Wealth Building

No matter what type of business you are involved in without prospects you are just plain dead in the water. All wealth building starts with a List. There are a many number of ways in which to get a list. Some companies decide to send customers a free newsletter to get an email list. People see something of interest and they opt-in for the newsletter or the item of interest. Generally when someone sees something of interest it’s something that they deem valuable to them, valuable enough to give out there email address in order to receive it.

The point here is that in wealth building an opt-in list generally is a start of a niche or of something relevant to the offer of interest, the reason for the opt-in, only more detailed and deeper into whatever the niche is about.

Giving away ebooks is a great way to build an opt-in list. Lets say you had a niche about a certain topic and you had an ebook that explained a lot about the niche and so you put the ebook on an opt-in page with a short intro and walla! You would then write a few articles to help to promote your opt-in page to your niche which we will talk on later, you get the opt-in the prospect gets the ebook and you have a potential customer for a long time to come if you stay in communication with them.

Wealth building and opt-in lists go hand in hand and when you get an opt-in your list should be built around a very well thought out product or products, relevant to the opt-in offer on the opt-in page itself. Always be sure that the offer is relevant to the products through and through. incongruency (or a product that isn’t somehow relevant to your offer) is the best way to lose out on keeping a customers interest. After all the offer that peeked the customers interest in the first place was something that they were very interested in and the relevancy must stay in tact all the way to the product.

You see the product will be of interest to the customer also most times, how could it not be, depending on the relevancy of course. Now, if not before, most will understand why it is important in wealth building and your opt-in list MUST STAY RELEVANT to one another all the way to the sale. In the next paragraph I will explain some of the options available to you that could help you to advertise your wealth building opt-in page and get dramatic results and best of all it will all be for free!

I’ve already stated how articles, such as this one, could greatly benefit getting your opt-in page seen and by the people you want to see it other wise better known as (targeted opt-ins).

Email signatures, or electronic signatures, also referred to as a, sig file is a three to six line footer that you can add to the bottom of each email message you send out with your name, company along with your free opt-in offer and the link to the page. This method works well in forums as well with astounding effectiveness. You will be very surprised as to just how many visitors you get this way. Make sure you track where you are getting your traffic by the different links you send out.

If a customer is interested in downloading an article from your web site, they will definitely have no problem providing their name and email address. They will love to receive more articles from you or have access to a members only area of

your site with plenty of resources.

The free offer of the opt-in that explains in detail the do’s and don’ts and the in and outs of a topic of interest which opens the doorway to your niche is very valuable to serious opt-ins and is the reason that your entire set-up needs to be genuine and cater to that niche. Another note is to always require double opt-ins for your free material. People who aren’t serious and just want the free material will generally not double opt-in, not always but most times.

Wealth Building ? Building Long Term Wealth With Low Risk

Posted on 19. Mar, 2010 by admin in Wealth Building

If you are investing to build wealth you need to not just get high returns but the highest returns you can with low risk.

Wealth Building is all about balancing the risk to reward and take advantage of compound growth.

Here is a proven method to build wealth with low risk.

We all know property is a good solid long term investment, but it can be expensive and gains solid but not spectacular.

There are however many overseas property destinations that offer lower costs and much bigger profit potential all with low risk.

A good example is Costa Rica.

Just 2 hours away Americans and other foreign investors are buying and making big gains, for example:

An investor who bought a property just 15 years ago in Jaco on the pacific coast has seen it rise in value to nearly $800,000 today.

While investing in property in Costa Rica can produce great capital gains, it also gives you something more – a valuable income.

You can of course let the property out, or you can use it as a holiday home.

Buying property in Costa Rica is the perfect way to build long term wealth.

Low risk and high capital gains potential

You have better capital growth potential than most investments and downside volatility is low, allowing you to compound your money quickly.

You can also enjoy this investment if you want to as well.

Can you still make big gains in Costa Rica property?

The answer is yes.

With beach front property up to 70% less than in the US and Costa Rica just a two hour flight away, more Americans are looking at Costa Rica for second homes and retirement.

The key is buying the right location

If you are buying property in Costa Rica you need to keep an eye on new developments and infrastructure and buy near them – when they are completed of course the value of nearby property will rise.

There are plenty of specialist Realtors to help you pick the best properties in view of, your budget and investment aims.

The buying process is simple and tax efficient

The buying process is straightforward and Costa Rica encourages foreign buyers.

You get the same rights as residents and your investment is very tax efficient.

Add up the benefits

And you have a great vehicle for capital gains and at the same time get low risk.

Add in the possibility of using it for your pleasure and the opportunity to gain a valuable extra income from renting your property out and you have the perfect vehicle to pursue longer term capital gains and build wealth.

Real Estate Wealth Building

Posted on 18. Mar, 2010 by admin in Wealth Building

If you go through list of Richest People of the world compiled by organizations like Australia’s ‘BRW Rich 200 List’, and their ways of building wealth, you would get to know that such people have gotten their wealth generated through an extremely eclectic branch of professions and business-the one that stands out in the form of the most re-occurring and common field in comparison with the rest- Real Estate. Those who have not gotten their wealth generated directly through real estate have used it in the form of a solid and secure asset for funneling and growing their fortunes further. Let the reasons behind flourishing of real estate wealth building be studied in details.

Leverage

While having real estate purchased, borrowing 80-90% of purchase price is not at all uncommon. At times, 100% lends can also be made available. This completely depends upon location of lender, land, and borrowing position of yours. In other words, the percentage of lending depends on whether you secure employment on the professional basis or already possess other assets. Real estate wealth building is thus, a matter of your pre-accumulated wealth.

If you happen to visit the bank and tell them that their shares that are publicly listed are on your wishlist and that you need a loan for doing so; in majority of cases, around 70% would be lent to you in the form of margin loan as per the listed shares, that too in their own bank! More ironical is the fact that the same bank will possibly be extra happy for lending you around 80-90% for purchasing a well-located property. So, think in the proper perspective while opting for real estate wealth building.

Everybody requires roof over head

Real estate, unlike the paper assets like derivative or stock market instruments, is something tangible and real. It has existence on the physical basis. The most important fact apart from all this is that each and everyone requires roof over heads of theirs, and that a place and space is need to live by all the people on this planet. The demand pertaining to real estate would continue till people continue to live in that particular area. This aspect of real estate wealth building cannot be overlooked.

Limited Supply

Real estate, unlike any of the other asset classes, is finite. It’s true that taller buildings can always be built, along with more number of apartments, that too, on same-sized block. However, note that there’s only a bit of land, and a bit of ‘well located’ land adjoining public amenities, transportation, and employment. This is one of the vital reasons behind real estate wealth building.

Price Inflation

As stated above, ‘leverage’ of yours is powerful only if the property appreciates with respect to value. If depreciation occurs, you would be finding yourself owing greater than the amount borrowed by you originally. This might seem to be one of the scary prospects at times; but also quite easy to avert. This then points towards the right selection of real estate. Some of the reasons behind inflation in terms of price of real estate include underlying inflation with respect to economy, nation’s economic health and state of economy, increasing population, limited supply pertaining to the area ‘in demand’, and many more. Real estate wealth building involves many real-time challenges, apart from the ones stated above.

7 Simples Steps to Financial Freedom and Wealth Building – Step 1

Posted on 18. Mar, 2010 by admin in Wealth Building

Simple Steps to Financial Freedom and Wealth Building

STEP 1: Make up Your Mind and Setting Your Goals

The first step to any form of planning is to determine your objectives and to set your goals. Although it’s the easiest to do, most people do not do it. So, in this case, please take a piece of paper and write down your financial objectives and goals.

Keep it sweet and simple. And constantly refer back to remind yourself of the goals that you have set. Trust me – you will forget your objectives and sway off course if you do not have your goals documented.

Decide on what you would like to achieve financially; develop a plan to achieve it; stick to it to make sure that you stay on track with your objectives. Put your mind, soul, and determination to achieving these goals and you will arrive in time.

Your goals should contain:

- Your Targeted Net Worth  - Your Targeted Monthly Residual Income - Your Starting Capital - The time (in years and months) to achieve these goals - How much time per day would you allocate to achieve the above goals?

For starting capital, it’s best to only use risk capital because when you are using your live savings to achieve this, you would normally be too fearful to lose, that is when you make emotional, instead of rational, decisions. As we know, in any business, emotional decisions will, most of the time, turn to bad decisions. We are talking about your financial future – so please make only rational decisions – consider all possibilities when things don’t go your way.

Now that we have decided on your goals and your starting capital to achieve these objectives, we are now ready for Step 2 – Achieving Financial Freedom.

Wealth Building: Passive Income For Retirement

Posted on 17. Mar, 2010 by admin in Wealth Building

Those people that face their retirement with a just a little social security have a big problem, have not they? even if you are younger you should be thinking in some way of passive income that helps you in your future, this is basic on all wealth creation process, if you want to be rich or just make some extra money, online or offline consider this kind of income as a must.

Having said that, you need consider that the easy and cheaper way to make extra money is through internet, you do not need a lot of money in order to run a business online, a hosting plan and a domain name is all you need, and you can get those for less than $10 /mo.

However, this article is titled “passive income for retirement”, then what you need to design is a business that whenever is possible make you money in a monthly base. Below we have listed some ideas for you.

- Promoting affiliate programs that pay you recurrently commissions, in this case you do not even need a website in order to promote a chosen program, just by writing articles like this one and you are done, I would not suggest at the beginning to use some kind of pay per click promotion. Nonetheless, this is not a set and forget business style, but if you use PPC is almost on automatic pilot.

- Membership sites are a good and efficient way to create wealth, people that need some kind of information are willing to pay you in a monthly base for access to it, there are inexpensive scripts that help you running this kind of websites, but if you invest in a good auto-responder service you do not even need a membership script, this kind of business, if you write 56 articles in advance, might be considered as “set and forget” at least for a year, considering one article delivered at week.

It would be impossible in just one article give you the whole wealth building process understanding, but if you got that making money online is for real and that if you design your internet business around passive income, then you are on your way to success.

To sum up, above we have listed 2 online business samples that you can start with just a small investment. However, what you need to try to get is passive income that you will receive month after month.

Wealth Building … A Combination of Strategies

Posted on 15. Mar, 2010 by admin in Wealth Building

While the following strategies can stand alone, multiple strategies can combine to obtain superior results. Adding the tax savings available to a business can go a long way towards maximizing what you keep. To quote Supreme Cout Chief Justice Learned Hand speaking of taxes, “we must all pay our fair share, and not a penny more” … In addition, eliminating debt and saving thousands in future interest, plus creating passive income can help to create “The American Dream” … financial freedom and retirement.

Wealth Builder # 1 … Have Your Own Business

No matter what, if you don’t have your own business today you are missing out on all the tax deductions that are allowed as incentives by the IRS code. If you are a W-2 employee, you are taxed to the tune of 44% to 55%, while the rich and the super rich are taxed in the single digits. Are they more deserving than you … or are they just more educated.

Now even if you do own a business, one might think that their accountant would know and set them up with all the tax deductions that apply. However, what is the accountant’s job? Isn’t it to take the information you supply and fill out the paperwork so that there are no red flags? Not to take away from your CPA, but he has plenty to do … and in all fairness … most have a list of 10 to 50 deductions that they use to help their business clients.

Would you be surprised to learn that there are at least 330 possible deductions based on your circumstances, plus there are business structures that can shelter and protect your assets and give you additional tax advantages.

Wealth Builder # 2 … Get Rid Of Your Debt

I had a Financial Professional tell me that he didn’t think it was a good idea to pay off the mortgage because, after all it was the one place he could write off the interest.

Think about it … how many people do you know that have to continue working in their “golden” years because they have to pay off their credit cards and other outstanding loans? Actually, you probably don’t know because we think this is “normal”.

The only people who look at their “liability portfolio” are those who can’t afford to pay the minimum payments. Until now there was little incentive for a Financial Professional to do anything about it.

So, what about the family, making a decent living and still not living the “American Dream”? A family that has not ruined their “credit rating” and lives cautiously so that they don’t get in trouble like half their friends!

Would you be surprised to learn that there is a “Program For Liability Management” that is saving people hundreds of thousands of dollars in future interest? Would you be surprised if this can be accomplished without paying any more than you are currently … without anything more out of pocket?

Wealth Builder # 3 … Create Passive Income

If you would like to retire, eventually you will need enough income to maintain your lifestyle. Our first wealth building strategy, “Have Your Own Business” can go a long way to make that happen. There are so many businesses you can create that can work for you while you are busy with your life. (Oh yes) they also give you those tax deductions since “it’s not what you have, it’s what you keep” that is going to go a long way towards giving you and your family the lifestyle you dream about … plus if you have it, ask me about the doctor that saved about $1,300,000 in future interest.

Pensions from employment, Investments, Insurance, Annuities, IRA’s (both regular and Roth) are just some of the ways that should be explored with your Financial Professional

7 Simples Steps to Financial Freedom and Wealth Building – Step 2

Posted on 14. Mar, 2010 by admin in Wealth Building

Simple Steps to Financial Freedom and Wealth Building

STEP 2: Achieve Financial Freedom – Choosing Your Escape
Vehicle

Do you want to achieve financial freedom? For most people,
this is constantly on their mind. If you are reading
CashFlow Avenue’s 7 Simple Steps to Financial Freedom and
Wealth Building, chances you are looking for ways to get
out of the rat race and to achieve financial freedom.
Unfortunately, it isn’t always as easy as it sounds.

With your Financial Goals firmly defined in Step 1, you
would now have to choose your “escape” investment
vehicle. There are plenty of investment vehicles in the
world. Let’s name a few most common form of investment -
fixed deposits, gold, bonds, real estate, stocks, stock
options, mutual funds, starting a business on your own, etc.

From experience, you might probably be able to tell that
every one of the above contains risk, except for fixed
deposits. Profit, simply defined, is your reward for
placing taking risk on your assets.

On surface, fixed deposits, look the safest form of
investment but are probably the most risky because
inflation rates are consistently higher that what the bank
would pay you – slowly eating away your purchasing power in
years to come. So, in truth, while your bank account is
growing in numbers, you are actually becoming poorer. If
there is no inflation (which will never happen in the long
run), fixed deposits are still not the best escape vehicle
because it takes just too long to appreciate. Who would
want to wait 30 years before they can be rich?

Without getting involved into too much detail, let’s jump
straight into action. When choosing an escape vehicle, you
probably would want to set a few criterions to screen out
what will and will not work for you. The ideal escape
vehicle or business should provide:

Liquidity – allows you to cash out within a few days.

Leverage on Your Capital – using only your capital can be
slow. Select a vehicle that provides leverage that
magnifies only returns but not losses.

Fast Results – should see return on investment within the 1
st month.

Easy to Set Up – should take no longer than 1 month to
start.

Predictable Monthly Return on Investment (ROI) – be able to
forecast accurately your monthly

Low Risk – consistent and provides a high percentage for
success

Profit with Time – with each tick of the clock, you should
be making money.

Utilizes The Power of Compound Interest – snowball your
returns to accelerate your wealth building process.

After running these criterions over the choices of
investment available, most vehicles don’t make the cut. Of
all, only 2 investment vehicles would make the cut. 

Stay tuned for Step 3 for the Best Escape Vehicle.

Wealth Building and Montelongo Flipping House

Posted on 13. Mar, 2010 by admin in Wealth Building

Flipping houses has been a favorite way to make money in Real Estate for several years now. Well, I guess flipping houses has been around longer than that of course but building wealth and flipping houses like Armando Montelongo does has become very popular over the last ten years. It has become popular because its more attractive to allot of business owners and real estate agents to have a short buy and sell cycle.

The real estate market is going through times that are challenging. These times are going to give real estate agents a chance to see how they can do in a market that is heavy on foreclosures. Wealth building can still be achieved during challenging real estate times.

Flipping houses has become a popular sport within the real estate realm. Many have watched shows on television such as Armando Montelongo and his Flip This House show. These methods of buying and selling real estate is still a viable avenue for making money. Investing is a game in which you use your own money for trying to make money.

Because its your money that is going to be on the table, its very important to protect your interest. When its your money that is at stake, you want to make sure that your investing it in a fashion that will guarantee that at the end of the day, your money made you profit and your real estate deal or wealth building venture is a success.

Armando Montelongo has made many people money by sharing his Flip and Grow Rich system. These type of Real Estate packages can teach you how to make money, even in times where the market is challenging. Making money is still the most important thing for our futures and Flipping houses can still be a profitable business venture.

Wealth Building Strategies: Ways to Purchase Real Estate Without Getting a Loan

Posted on 12. Mar, 2010 by admin in Wealth Building

My main wealth building strategy has been investing in tax liens. Now I love investing in tax liens for lots of reasons. You can watch a short video about Why Invest in Tax Lien Certificates on my web site at TaxLienLady.com. But I’ve always wanted to be a real estate investor. Regardless of what you may have seen on a late night infomercial, tax lien investing is a great wealth building strategy but it’s not a good way to purchase real estate. In my experience a tax lien on a good piece of property will almost always redeem. That means that you don’t get to foreclose on the property. What you do get is a great interest rate on your money.

The problem with investing in real estate as a wealth building strategy for me has been that usually you need a lot of money, so I’ve been researching ways to purchase real estate without having to put down a lot of money. After all, I’m used to investing small amounts of money at a time – in tax liens.

We finally did purchase our first investment property. We bought it at a real estate auction and got a great price. But what a rude awakening when we went to get the financing! Things have really changed in the past few months when it comes to getting a loan. Sure there are still some great programs out there for first time home buyers and even for people who are not first time buyers, but are purchasing a home to live in. The problem is that banks do not really want to lend to investors.

Fortunately my husband and I have a really good mortgage broker and a good credit scores, but we still had to put 20% down in order to secure a mortgage on this property. Last time we applied for a loan on an investment property (on a house that we ultimately decided not to purchase), we only had to put 10% down and we were able to lock into an interest rate 1% lower than what we were able to get now. And that was only about four months ago.

Because we intend to purchase more than one investment property, we realize that we’ll have to find another way to buy properties other than getting a conventional mortgage. Now I’ve been to various real estate trainings for different methods of purchasing real estate. I’ve taken trainings from different experts on short sales, subject to deals, foreclosures, etc. But I haven’t actually purchased a deal using any of these methods. Most of them, except for purchasing property “subject to,” require that you have some cash, which I won’t have after we close on this property. So my focus now is to purchase investment property without using my own cash and without bringing in other investors.

Even though I have taken courses on how to purchase property “subject to” the current mortgage, the method that I learned did not really work in my state so I abandoned this method before I even tried it. Then I heard a tele-training with Wendy Patton on lease options and subject to deals on REIBlueprints.com. I wanted to listen to the training because we intended to sell the property that we’re purchasing using a lease option, and I thought that was what this training was about. But it was actually about how to purchase properties using lease options and subject to deals without having to put any money down.

Wendy was awesome! I just had to have her training course that consisted of 4 separate real estate investing courses: Buying with Lease Options, Selling on Lease Options, Working with Realtors, and Taking the Deed Subject To. Wendy offered these 4 courses and personal coaching with her for under $1000. I jumped at the opportunity to purchase this because I had spent more than twice at much for just one of those courses from other real estate gurus. The good news is that if you act now you can still listen to Wendy’s free tele-training with REIBlueprints.com, and get in on this special offer, but hurry because I don’t know how long this offer will last.