All News: 09/10/15

Thursday, 10 September 2015

You Can Invest Without Money

Kenneth Ewoigbe
Motivational Speaker, Business Entrepreneur/Developer,
Webmaster, Internet Entrepreneur, Manpower Developer,
Human Capacity Developer,
Systems Consultant, Content Writer,
Fashion/Car Enthusiast

Intangible vs Tangible Investments

Over the years, I have met so many people who just won't move because they have no money. Agreed, you need cash when investing, but is it always?

My answer to that is no. There are intangible investments you can engage in that have an overall effect on your pocket. For instance, attend seminars (there are tons of free seminars).

Read books. Try to read at least one book a month. The average book will be 300pages. 'Book redox thinking'. Read ten pages a day. If that is too much work for you, get the audio version of the books and listen.

See http://audible.com - as I write this, I am almost completing a book by listening.

Learn a new language. Learn a new skill (manufacturing, animal rearing, programming, fashion design, etc). Meet people and get to know what they do. You never know when you will need a link or connection in your investment plan.

Read financial newsletters, spend time on financial websites. Just cut a little of your social media time and re-channel) etc.

Until I write to you again my good friend, I say unto you, have a wonderful day!

Spending Wisely (Good Investment)

Redox Thinking

Mr. Rabbit has a goal of 1 million in 24 months. His monthly income is about 200,000. And to achieve his goal, he hatches a simple plan.

To buy lower priced parcels of land in areas on the fringe of development over a 2 year period and wait for appreciation. He gets good deals and gets plots of land nobody wants to buy at the moment for 60,000 per plot with a negotiation for 24 plots. Over the next two years, he pays 60,000 monthly as debt repayment with a payment plan of 60,000/mo which is 30% debt monthly.

4 years after, development reaches his lands. He flips the lands at 400,000 each, and banks 9.6 million which he uses to repeat the process. That's good debt at work.

But hold it. Don't just run off and start getting into debt. Every investment has an element of risk. In my next article, I will explain Risk to Reward ratio of investments, and give you some tips to smell a bad deal. I will also explain more on different types of investments.

Until then, I say unto you my good friend, Chao!