subject: 1 Reason to QUIT Living Within Your Means, 5 Tips on How! [print this page] I was always told, and maybe you were too, "Live within your means." Now most people take that to mean, live cheaply, clip coupons, don't make any necessary purchases. I never have.
Why live cheaply to stay within your means? Instead EXPAND your means. If you expand those means that your living within, then that means A BETTER LIFE for you!
Now how do you do that? Simple. Add more streams of income to your bottom line. Here are 5 ways to do that:
1. Invest in or trade stocks.
You can take 2 approaches to this one. Some people like to research, buy, and hold forever (the Warren Buffet method). Others, like to "day trade", which means to buy, sell, and make a profit quickly. Both can be very fruitful, it just takes the right knowledge. So go research these.
2. Invest in or trade bonds.
Bonds are where a company borrows from you in order to improve themselves. In return you receive an interest payment each month, quarter, or year. These are great because you make a one time payment to them and they give you a monthly check and then all your money back at the end of the term specified in the contract. These can be traded just like stocks.
3. Invest in Real Estate.
This is one of THE most powerful avenues in investing. The great thing about it is that there are so many sub-specialties in it: residential housing (your house), commercial (shops/businesses), apartments, land, the list goes on. These two can be invested in long-term or short-term. There are hundreds of books out there about how to do it will little to NO money. I recommend Robert G. Allen, he's taught me a lot.
4. Start an Internet Marketing company.
Imagine, instead of opening a store on the corner, opening a 24 hour 7 days a week store that sells to the ENTIRE world and has NO employees. That is the power of the internet and its only growing. This is one of the newest opportunities, but definitely the most exciting.
5. Tax Lien certificates
These are similar to bonds, but with a BETTER interest rate! At times upwards of 20-30%. The government alsoguarantees the payment. So why don't more people know about this? I don't know, but it is definitely a very lucrative field to be involved in.
There you go 5 (actually more than 8!) great ways to start EXPANDING YOUR MEANS! Get started and tell me how it goes. For anymore information you can subscribe to my newsletter or feel free to email me. Good luck!
1 Reason to QUIT Living Within Your Means, 5 Tips on How!
