4 Winning Strategies to Add Money To Your Pockets This Year

Deb Alps – Making America Better

Discover Four Of the Best Winning Strategies to Put Money In Your Pocket This Year

Would you like to learn how to build wealth for yourself and your family?
In this blog post, I am going to give you four tips that you can use right away to build wealth for yourself and your family. You are going to learn a lot of golden nuggets and aha moments here so grab a pen and paper and get ready to take some notes
Tip 1—Real Estate Investing—more millionaires have created their wealth through real estate than any other investment vehicle. There is not one wealth guru that I have studied and known that have not done some real estate investing. In my opinion you cannot lose in real estate as long as you are in it for the long haul. So what are some of the benefits of real estate investing?
1. High leverage—this is in reference to using other people’s money. The key here is the ability to leverage other people’s money and time. In real estate you can literally have infinite returns on your investment because you can buy property using none of your own money. And even if you do use a down payment, it is not unusual to see cash-on-cash returns of over 100 percent a year. If for example I buy a home for $100,000 and in one year I have an appreciation in value of $10,000 I have made a 10% return on my investment. But let’s look at if I put 3% down and take out a loan for the other 97%. So I have paid $3000 down and have made a $10,000 profit. So doing the math, I have actually made more.
$10,000/$3000 = 333% return on investment. This is how you make money in real estate–you are using other people’s money and not using your own money down on the investment.
2. Additionally let’s look at the tax benefits. Business deductions include interest on your mortgage, property taxes, insurance premiums, and property maintenance. It also includes expenses to find the properties, marketing, postage, and referral fees. Also included are property depreciation (which is a non-cash expense) car mileage, expenses related to your home office, and meals and entertainment. Depreciation alone on an $80,000 loan runs about $2909 per year. That ads to your earned income.
You can depreciate certain property in the home such as appliances at faster rates, carpet, furniture and fixtures, land improvements such as fences and landscaping, and sewers.
Tip 2-Owning a business—here I am not talking about being a self-employed person. I’m talking about owning a business. Again Leverage. With a Business—you leverage other people’s time and or money to generate profits. When you are a self-employed person, you do all the work yourself—and you soon find as I did, that there are only so many hours in the day to work so you end up working longer and harder to generate profits. When instead, you are a business owner, you leverage other’s efforts or money to generate an income. So you don’t do all the work yourself. Additionally, you if owning a business is the way you want to go you will need to learn how to market your products or services correctly. This means not spamming your product or service all over social media. Why? Well think about it like this. Remember the days when the commercials came on regular TV? What did you do? You went and got a snack, started dusting your dining room table, picking up the house, etc.
Tip 3-Creating or Leveraging Other People’s information Products that are reusable to generate an income online or Affiliate Marketing-Here we are talking about putting out training, attraction marketing, etc. that gets seen again and again. An example of this is a training video that generates a lead for an affiliate company, email marketing, and the like to generate leads and sales online. In other words, you can create a video online, that generates leads and sales right away, a week from now, or even six months or a year from now.

Tip 4-Network Marketing—In network marketing you sponsor or recruit other representatives into the company. There are binary plans, where you grow two legs in your organization and you put people under other people, and there are ones that have more legs as well. The idea here is that you get profits and overrides on a complete downline of people. The advantages here is that there is a fairly low cost of entry, and there are no actual employees. There is another advantage to today’s network marketing groups and that is that you can create reusable resources on the internet to train your downline members. So you don’t have to do all the training personally for a new rep in the business. You can send them to a training video on just about any method of sales and recruiting. Also a much more leveraged way to go than the methods of the past where you had a new rep calling the upline trainers and having them go through the training. Now you can send them to a whole host of training online. The new recruits can also utilize your training videos or blogs and also send their new reps to them.

About The Author

Deb Alps

Helping Network Marketers, Entrepreneurs, and Affiliate Marketers Get More Leads, Recruit More Reps, and Become Top Earners in Their Companies

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