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How To Build Wealth Through Assets

Posted on November 15, 2014 at 9:08 AM Comments comments (0)
How To Build Wealth Through Assets
By [http://ezinearticles.com/?expert=Dan_Cavalli]Dan Cavalli
It is not impossible to build personal wealth. Some people have the misconception of becoming wealthy. Wealth may mean a lot of things for different people. Economically speaking, wealth is basically a mixture of financial prosperity and gaining physical assets.
This may also mean fewer liabilities and more savings.
If that is the description of wealth, then be happy because you have ways on how to build wealth especially in these modern times. One of the best ways to start your wealth building program is to invest your money on assets.
There are many advantages in putting your money on assets. May this be on real estate, financial investments or on a business, you will have greater chances to build your wealth than in any other means. It gives you the sense of security that the money you invest will also reap double the amount you put in.
And because the returns are amazing, you will definitely see why a lot of people prefer this wealth building system. In order to understand this more, take a look at some ways to invest on assets as one of your wealth building strategies:
Business: One of the best ways on how to build wealth is by finding means to sustain a steady flow of income into your pocket. How do you do this? You can start your own business that will bring regular income into your account. Having a business that continues to grow and flourish will enable you to pay for your expenses, debts, save money and re-invest this in other means.
Real Estate: This is one physical asset that appreciates over time. This is probably why a lot of people are investing on real estate especially when the markets are low because they can re-sell this for a higher amount that what they got it for.
This is a long term investment and you may probably not see the returns right away. However, if you are really serious in your wealth building program, then the waiting period would not be much of a problem to you. Most people who invest in real estate usually has an eye for really good properties and can foresee the rise in value of these properties over the years.To know more about this, you should efficiently do your research and study the trends of the industry.
Investments: Whether it is in stocks, bonds or equities, investing on financial or paper assets is a great way to go. It is a form of passive income that does not take all of your time but will still generate a substantial amount of returns.
You can also put your money on mutual funds, foreign exchange and gold. Before you put in your investments, make sure you study the stock market first. Learn about the trends and research on good stocks and bonds to invest in.
If you are not able to manage this by yourself, solicit the advice and help of a fund manager that can help you allocate your funds better and double your returns.
You can learn all about how to build businesses, make money, get rid of debt and turn money worries into infinite sources of cash but its all a waste of time unless you get the real secrets of how to get it done. Get his famous introductory 20 FREE lessons eCourse about Making Money that over 179,000 people have studied and applied at: [http://www.the-richest-man-in-babylon.com]http://www.the-richest-man-in-babylon.com
Article Source: [http://EzineArticles.com/?How-To-Build-Wealth-Through-Assets&id=5043485] How To Build Wealth Through Assets

How To Build Wealth Through Assets

Posted on February 13, 2013 at 7:45 AM Comments comments (2)
How To Build Wealth Through Assets

It is not impossible to build personal wealth. Some people have the misconception of becoming wealthy. Wealth may mean a lot of things for different people. Economically speaking, wealth is basically a mixture of financial prosperity and gaining physical assets.

This may also mean fewer liabilities and more savings.

If that is the description of wealth, then be happy because you have ways on how to build wealth especially in these modern times. One of the best ways to start your wealth building program is to invest your money on assets.

There are many advantages in putting your money on assets. May this be on real estate, financial investments or on a business, you will have greater chances to build your wealth than in any other means. It gives you the sense of security that the money you invest will also reap double the amount you put in.

And because the returns are amazing, you will definitely see why a lot of people prefer this wealth building system. In order to understand this more, take a look at some ways to invest on assets as one of your wealth building strategies:

Business: One of the best ways on how to build wealth is by finding means to sustain a steady flow of income into your pocket. How do you do this? You can start your own business that will bring regular income into your account. Having a business that continues to grow and flourish will enable you to pay for your expenses, debts, save money and re-invest this in other means.

Real Estate: This is one physical asset that appreciates over time. This is probably why a lot of people are investing on real estate especially when the markets are low because they can re-sell this for a higher amount that what they got it for.

This is a long term investment and you may probably not see the returns right away. However, if you are really serious in your wealth building program, then the waiting period would not be much of a problem to you. Most people who invest in real estate usually has an eye for really good properties and can foresee the rise in value of these properties over the years.To know more about this, you should efficiently do your research and study the trends of the industry.

Investments: Whether it is in stocks, bonds or equities, investing on financial or paper assets is a great way to go. It is a form of passive income that does not take all of your time but will still generate a substantial amount of returns.

You can also put your money on mutual funds, foreign exchange and gold. Before you put in your investments, make sure you study the stock market first. Learn about the trends and research on good stocks and bonds to invest in.

If you are not able to manage this by yourself, solicit the advice and help of a fund manager that can help you allocate your funds better and double your returns.

You can learn all about how to build businesses, make money, get rid of debt and turn money worries into infinite sources of cash but its all a waste of time unless you get the real secrets of how to get it done. Get his famous introductory 20 FREE lessons eCourse about Making Money that over 179,000 people have studied and applied at: [http://www.the-richest-man-in-babylon.com]www.the-richest-man-in-babylon.com

Article Source: [http://EzineArticles.com/?How-To-Build-Wealth-Through-Assets&id=5043485] How To Build Wealth Through Assets

Residual Income and the Need for It

Posted on October 3, 2012 at 8:17 AM Comments comments (0)
Residual Income and the Need for It
By [http://ezinearticles.com/?expert=Craig_S_Palmer]Craig S Palmer
Residual Income is income that is generated continuously, though the effort to earn it has ceased. It is also referred to as passive income. The more easily understood and self-explanatory term, recurring income is also used.
To elucidate, let us take up the example of a writer who has finished writing a novel. She has sent out copies of it to different publishers, and to her joy, her writing is accepted by a reputed publishing house. She has a copyright over her work, but she can grant a license to the publication to print copies of it and to distribute them. The company will pay her a percentage of whatever they earn through the sale of her book. So, the creativity and hard work she initially put in are rewarded in the form of income that she no longer has to spend her energy to earn.
Now that we have an answer to the question "what is residual income?", we can explore how it is helpful. The amount you earn is usually dependent on the number of hours you work for. You would remember learning about 'direct proportionality' as a child. However, this is not the case with residual income. Once you do hit upon a source of making residual income, it will work on its own to generate a flow of money. There are many advantages to this:
Instead of spending half your waking hours (or maybe even more) on routine work, you can be at ease knowing that finances will find their way to you. This does not, of course, mean that you should fold your arms and sit back, but this gives you time to devote to other interests, hobbies, passions and also allows you to think of other schemes that will result in residual income. This is, again, easy to understand with the example of the writer. If her book is received well by the audience, she will be assured of receiving money from the publishers, and can concentrate on writing an exciting sequel to her book. She is also not bound by monetary concerns that were always at the back of her mind earlier and can sign up for the painting classes she had always longed to be part of!
However, not everyone may be as spectacularly successful as our friend the writer. It may be that one has to continue with a regular job, as the amount of residual income they receive is not too great. This, however, is still not without its benefits, for the purpose of residual income is not only to provide a luxurious life, free of cares. In the unfortunate event of a person losing their job (this is all too common these days) or not being able to attend to their job because of sickness, residual income can prove to be a blessing, keeping their financial situation sound by acting as a substitute to regular income in times of crisis or need.
Obviously, neither a great surge in finances, nor a crisis is required to see the uses of such income. A creative use of residual income is charity. Those of a philanthropic bend of mind will also derive happiness from recurring income, having more to share with others.
Now we can address the issue of discovering a vehicle that can generate residual income. We have already seen that royalties from books and writing are a source. The same applies for all that is copyrightable, such as music that you compose, lyrics that you write, computer code etc. and to patents in your name. However, these aren't alternatives that all of us can turn to, as they almost always necessarily require some talents and skills.
The following are more easily implemented:
If you own any property, you can rent it out and will receive an income as long as you allow others to enjoy it.
If you maintain a blog or website, you can choose to place advertisements on it for which you will be paid according to the contract between you and the advertising company.
You can also invest in stocks and bonds, on which interest and dividends will be paid.
If you are looking for more information on   residual income, go visit http://www.profitfastmlmsystem.com for more tips.
Article Source: [http://EzineArticles.com/?Residual-Income-and-the-Need-for-It&id=6825007] Residual Income and the Need for It

The Most Critical Wealth Factor

Posted on May 17, 2012 at 9:03 AM Comments comments (0)
The Most Critical Wealth Factor

The most critical wealth factor is this: Produce more than you consume.

The wider the gap between what you produce and what you consume, the greater will be the possibility of increased wealth for you. If you spend all that comes in for you as income on a consistent basis wealth creation will be far from you. However if on the other hand you delay immediate consumption of all that you produce you are more likely to be moving toward the accumulation of wealth over time. Of course how you apply the surplus that results is vital to the way your wealth will grow; do you gamble it away, or do you invest it in say the stock market or some other profitable venture?

How do you produce more than you consume?

One of the simplest ways of doing this is by cutting down on your expenses. You can certainly start your wealth-building this way. Before every expense ask yourself these two questions: "Do I really need this?" and "Can I pay less to get it?" Don't go for trendy label that will cost you more. Resolutely restrict your credit card spending. Determine to discipline yourself to resist every avenue that seeks to remove your money from your pocket. You need to be able to say 'no' to enticements and to give up some of the unnecessary luxuries. If you're not willing to do that, then you wouldn't be able to turn your financial life around.

The other side of producing more than you consume is actually to make more money. If you increase your earning and keep your spending unchanged, you'll immediately move from living paycheck to paycheck to spending less than you earn. One easy first step is to look for things you no longer need and sell them off for cash. Another step is to actually look for work to do part-time or take a bold step to start a small business of your own. While working at a job, you can do things in your spare time to earn extra money.

How do you utilize the surplus (i.e. the difference between what you produce and consume) in order to grow your wealth?

The thing to do with your surplus fund is to put it to work so as to grow it. You do this by investing the money. You need to invest so as to keep the value of your money from inflation. The money you have today will not have the same value tomorrow. Inflation decreases the value of money. Investing your money in avenues with high return than the rate of inflation will make the value of your money grow.

Every investment has some level of risk, going from low-risk to very high-risk. Finding the safest investment requires understanding risk, your comfort levels and finding investments that have performed well historically.

Note also that while the return on your money is important, the safety of your funds is more important. So go safe in your investing.
Conclusion

The financially intelligent person produces more than he or she consumes. By following the above plan you can come to wealth and secure your financial future. Even a low paid person, applying this principle will get into financial freedom than the rich who consume all they produce.

When you have surplus money to invest, you want to make sure it is a safe investment that can yield a return. By combining all the right elements you can get the best investment results.

Ultimately by spending less than you earn and putting the surplus to work by investing it, instead of using it to purchase things now, you end up having several rewards. You can build income for retirement, earn steady passive income, and even go on to build up funds for future investments and business endeavors. The simple strategies discussed above can help you achieve these effectively.

Frank Alof is an online writer on various topics including insightful guides on overcoming debt and money problems. To learn more about money matters go to: http://www.amazon.com/dp/B007CIEMBQ

Article Source: [http://EzineArticles.com/?The-Most-Critical-Wealth-Factor&id=6963520] The Most Critical Wealth Factor


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