subject: Breaking The Financial Trap: Creating A Secure Retirement (part 4 Of 5) [print this page] Part 4 of 5: What Actually Works 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.
The essence of the "Millennium System" - a system for creating financial
security in the new millennium - is to understand this reality, accept it, and
begin to actively take advantage of it as quickly as possible.
"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 doesnt 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
