Beginner Investors Guide to Financial Freedom I

Beginner Investors Guide to Financial Freedom I

A large part of financial freedom is to make your heart and mind free of worries about how-life in life. -Suze Orman

For the majority of novice investors, the main objective of investing is to achieve financial freedom.

Financial freedomAis essentialAto enjoy a happier, richer lifeAin our adult lives. In addition, thisAshould be your goal as a beginner investor.

What is Financial Freedom?

The bestAdefinition ofAthe subject I ever heardAisAthe number of days you canAlive without working andAmaintain your present standard of living. Legendary inventor Buckminster R. Fuller coined this definition.

The Great Money Mountains

There are three mountains of big money that you can use to get rich: real estate, the stock market, and the marketing mountain. TheseAthree are the proven paths to wealth. Majority of individuals that make theAForbes rich list, have achieved their wealth through either one or aAcombination of these money mountains.

How to A Approach Investing in Real estate

The ownership of property has been a provenAwealth producing Money Mountains for centuries. You should make owning income producing properties as part of your long-term wealth creationA strategy. There are tons of books written on techniques and strategies for investing in real estate. The most important thing you need to know is how to leverage the real estate mountain to accomplish your goals.

Three factors are critical to success in real estate investing:

Finding. For you to become a successful investor you need to know how to find bargain properties…properties below market value that will pay for themselves and bring you profits. SuccessfulA investors know thatA profit comes from buying rightAnot when you sell.

Funding. You also need to know how to fund your property offer. There are many ways to fund deals, your ability to get financing is the key to buying bargain properties. The good news is you canA easily get financing if you know where to find the money. Money follow good  make sure you become good at finding good property deals

Farming it. The other critical skill you need to succeed as a real estate investor is to know how to reap profits fromA deals. You may decide to hold on to properties you find because they have good cash flow that deliversAincome to your bank account. Moreover, you could also flipApropertiesAfor profit. The actions you take depend, on the investing cycle you find yourselfAand your core investment philosophy.

Real estate is a powerful wealth-building vehicle you must consider as a beginner investor.A TheAwealth created fromA investing in properties tends to be stable and less volatile compared to the stock market.A You can also predict the cyclesAwith ease compared to the other types of wealth building vehicles.

Leverage is also a big advantage of investing in real estate, because you can buy properties with little or no money down.

There are thousands of properties for sale in your city. When you have these three critical skills to success, you can weed out badAproperty deals, hone down to find bargain properties, fund the …

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A Speculator Is The Same As An Investor, Whether You Like It Or Not

A Speculator Is The Same As An Investor, Whether You Like It Or Not

One might wonder: what is the difference between being a speculator and being an investor. There a lot of controversy on this matter and many opinions. Some believe they are the same, some believe they are complete opposites. I believe that they both mean the same thing but they are only perceived differently. Some might prefer being called investors but I do not know many people who would like to call themselves speculators.

Investors sound smart, sound highly intellectual people with a decent and big education. Speculators on the other hand, sound like that twisted guy making all sorts of plans on how to get rick quickly! But that is not completely true. In my opinion all speculators are investors and all investors are speculator, regardless of what they call themselves.

You can easily understand why someone would claim an “investor” status instead of a speculator. Take for example financial advisors: imagine if you went to your bank and you would like to make some good use of some money that you might have available. Then, you call the manager and he introduces himself “Hi, I’m here to help you with your speculation strategies”. That does not sound really good does it?

That is why most will call themselves investors instead of speculators since investors will be better seem in the society. But make no mistake, investors are also speculating whether they like to admit it or not. When you invest, you are SPECULATING about a future price or condition that will enable you to make a profit. If you analyze both through this definition, then you will see why there is no difference whatsoever between those two famous words.…

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Capital Finance, How to Go When You Need Funding

At one point or another, many people need funds to start a business or project or even to buy assets. However, most of the time they don’t have the capital needed to do it. Resources for resources can be very stressful and busy. You cannot give up even though there are many sources of capital available if you do your research. If you want to achieve financial freedom, you may have to take risks but they must be taken into account. You should always look at your finances before you go out to look for alternative funding methods.

However, if you don’t have a lot of money saved, you might have to borrow. Many people approach banks and other lending institutions when they need capital financing. You must have a solid business plan, accurate cash flow projections, guarantees and besides they will check your credit to see if you are a risky business. You can choose to apply for a state grant.

Capital Finance, How to Go When You Need Funding

What you need to know is that they are very competitive and you have to really obey the rules and regulations of how the money should be spent. The chances of you getting one of these are limited so you are advised to keep other options open. Venture capitalists have been recognized as a good source of financial capital. There are special qualifications that they are looking for when they want to invest in your business.

You need to have a good management team and a fast growth plan so that venture capitalists are interested. It’s not too difficult to get financing for your personal business or project because there are many choices available. You must choose the option that best suits you based on payment, obligations and flexibility settings.…

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Customer Service + Longevity

Trying to get new customers is a full-time job. Potentially, prospective customers are everywhere, but getting their interest and attention can be extremely time consuming. Sometimes there isn’t much time left over to focus on other customer service and sales related aspects of managing your business. One strategy many businesses use is to try to obtain repeat business from former or existing customers. It’s far easier to get a sale from someone who has already purchased from you, especially if they had a great experience

Customer Service + Longevity

When Was The Last Time You Checked On An Old Customer?

Existing customers can easily get lost (and forgotten) in the shuffle when a business is trying to grow. Unfortunately, when we lose an existing customer for a new one, we haven’t gained anything. We have however, lost time, money, and effort by letting one get away. With every customer that goes somewhere else, their investment (in you) goes with them. They will also be the hardest customer to get back. In Entrepreneur Magazine, Gary Vaynerchuk’s blog reminds us of the difference between farming and hunting when it comes to repeat customers,

“Farming is focused on nurturing your customer through a caring relationship. Hunting is trying to close another deal…”

Retention

In a challenging economic environment sometimes all you can hope for is retention, when it comes to market share. Customers will only be loyal to you if you are loyal — and attentive, to them. A loyal customer base is what creates the foundation for your livelihood. Without customer retention, you have nothing. The ability or inability to retain customers is the difference between life and death to a company. Remember, businesses need to participate in the lives of those whom they wish to participate in the lives of their business.

Trust

It takes time to prove consistency when you are new. Lasting is the true test of whether you are doing it right or not. Having been in business for forty years, we understand that customer retention comes from quality customer service and always being the consistent provider of what a customer will need. Regardless of what a business sells or does, trust is key. This is the kind of example of company customer service you want to aim for.

Easy Maintenance

Positive engagement is about all it takes to maintain existing customer bases. What that engagement is, is up to you. The marketing choices you make should be based on the industry you are in and type of people you have to deal with. What easy things can you implement that not only remind your existing customer that you want to continue doing business with them, but also provide them with something of value – we like to call them easy productivity wins. How can you deliver it to them?

Each customer is an essential piece of your businesses financial foundation. The stronger you build your foundation, the greater chance you have at sustained success. Every business begins with the intention …

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Discover Unknown Benefits of Having a Travel Insurance on Canada Trip

Canada is a land of scenic beauty. However, a badly planned trip to Canada can give one a sour time. In the itinerary checklist, one should never forget to get travel insurance. Travel insurance for Canada can save you from unforeseen expenses. A wide range of cover can be availed in travel insurance such as cover for damage from an accident, medical emergencies, theft of personal belongings or cancellation of flights. While evaluating travel insurance plans, make sure to look for different categories of policies based on factors like category of the person traveling – senior citizen, businessmen, etc. A frequent traveller, for example, can choose an annual plan. Tailoring an insurance policy so that it covers a group is also available. Some of the major benefits that you can avail on buying travel insurance Canada are: 

Discover Unknown Benefits of Having a Travel Insurance on Canada Trip

Get a Cost-Efficient Comprehensive Cover 

The mundane task of buying travel insurance can actually sometimes help you avoid grave financial losses. Begin by listing down the covers that you need. Then, if you are traveling in a group, list down the categories of people. In case you are a frequent flyer, list down the number of trips. Buying a policy that suits your needs means avoiding buying an expensive policy that does not meet your demands. It also assists in avoiding cheap policies that do not provide adequate cover.

Travel Policy Covers Medical Emergencies

Traveling overseas can mean falling prey to unfamiliar illness. For anyone who is travelling to another country, this is one of the most undesirable situations. Any such health emergency can lead to sky-rocketing medical costs. Buy a travel insurance policy that provides comprehensive coverage such as cover for hospital expenses, expenses pertaining to medical emergencies, medicinal bills, expenses for existing illness, et al. Have a relaxed time in Canada after having you and your family’s health expenses covered by a comprehensive insurance plan. Make sure that you furnish all the information regarding your medical history in the proposal form so that issues do not arise while making a claim.

Cover for Cancellation of the Trip

Another major challenge while traveling comes in the form of flight cancellation. The benefit of buying a travel insurance policy is that it provides a cover for the cancellation of the trip for the following reasons:

  • Cancellation of flight due to natural or man-made disasters.
  • Cancellation of flight due to issues with flight.
  • Emergency medical situation of a family person not traveling along, et al.

Get a Cover for Theft or Loss of your Personal Belongings

Travel insurance policies also provide cover for baggage carrying valuables or important documents,  that can get lost or stolen while on a trip. A comprehensive travel insurance policy can offer financial reimbursements in such cases.

Buy a Policy with Minimum Exclusion to your Needs

At times, travel insurance policies have certain limits on the range of cover and the amount of cover. It is recommended to compare any possible exclusions in the policy with your needs to get …

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