All About Financial Matters

Archive for February, 2007

To make money with no money seems like a difficult task. Of course its not and you know making money with no money is not hard, its just a convenient excuse.

Wealth is a state of mind. During my years of experience as an investor, I have found this one truth to stand out above all others. But the state of mind is not what you think.

Spongy ideas about the power of the mind and working your faith and belief have there place. But its not what I mean. I have discovered that all you need is to choose, when you want to make money with no money. When I say no money, I mean not more then say a few hundred dollars. Everyone has access to this much at least if they were to discover how to compound it rapidly and effectively.

Making money with no money, the thing to remember is that money is numerical in nature. If you can understand that about money, then you can see that $1 is no different then $100,000 Its just a different numerical amount of the same basic unit.

This is simple to understand and easy to implement. You could technically begin with just 5 dollars. Get your calculator out and multiply $5.00 by 1.3 (that translates to 30%) multiply it by 47 weeks. You will have over $1 million dollars in that time if you are able to compound your $5 by 30% 47 times.

So with your five dollars for example, you purchase 10 cans of soft drink from the local buy and save. (Stay with me here) You take these cans and put them in a cooler with ice. You have just added value to your investment objects. You spend half an hour hawking them for full retail price to a bunch of thirsty workers on a construction site on a hot day. You just got $1.00 per cold can. A total profit of $5.00 A 100% profit.

With that 10 dollars, you find something else to buy, ad value to it and re-sell. If you did that 47 times and bought up higher and higher cost items as your funds increased, and made sure each increase was a mere 30% then as your calculator has already told you, you will have well over 1 million dollars within the 47th compound.

Of course, you will graduate to real estate as quickly as possible because that is where the real leverage and compounding is.

It works thoroughly and easily providing you stick to the rules. I know you would enjoy the things a million dollars can buy. Your family would praise you for ever. Its only a specified number of months away.

“The pain of discipline is less than the pain of regret”
Martin Thomas

Copyright2005 Opportunity Investor.com

This article may be freely reprinted as long as there are no changes made to it and the link in the resource box is left active

Jack Reynolds was a broke Insurance salesman only 2 years ago, today he owns assets valued at several million dollars. What did Jack do in 24 short months? You can read about Jack’s remarkable and rapid transformation and download Hayden’s famous book “The Million Dollar Mentor” by

For routine need, most of us rely on cash substitutes like credit cards and overdrafts. However, for infrequent monetary requirements (big or small) loans (secured or unsecured) are perhaps the only solution. For non-homeowners, i.e., tenants and students, unsecured credit is the only option. However, homeowners and property owners have an advantage – they can choose between the two according to their monetary requirement and willingness to pledge collateral.

It is a universally known fact that secured loans are very advantageous for homeowners and property owners. Availed by offering something valuable – as security – against the loan amount, secured credit ensures maximum loan benefits. Lenders prefer secured deals because their investment remains protected at all times. For example, if a borrower defaults to payback repeatedly or does not payback at all then the lender can take over the pledged collateral to recover his money. Basically, the presence of repossession threat makes sure that the borrower will honour the contract.

Secured loans are apt for big monetary requirements, as most lenders offer credit up to £250,000 and interest rates as low as 6.7% – subject to available equity. Also, as the repayment term is usually long, borrowers get the liberty to choose the most beneficial interest plan (fixed, variable, discounted, capped or variable) and payback method (capital, interest or partly interest and partly capital). Secured deals are flexible enough to allow the borrowers to negotiate for flexible loan terms and conditions, and change their interest plan and/or payback method – subject to the creditor’s lending policies.

Secured credit is all about making the most of the existing resources. Market report shows that borrowing on equity has gone up in recent years, as borrowers – all over the world – are becoming aware of the advantages of secured loans. People are gradually realising that multiple unsecured debts prove to be more costly, as they have high interest rates. In fact, there is a steady increase in the demand for secured loans, even for small monetary requirements. UK market report shows that since the start of the decade, homeowners have borrowed an astonishing £264 billion against the rising value of their home.

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry.

He has done her masters in Business Administration and is currently assisting Chance4finance as a finance specialist. To find a chance4finance.co.uk/personal-loans.html personal loans, that best suits your needs, visit chance4finance UK.