A total financial disaster

- or -

A time rich with opportunity?

What are you going to let it mean to you??

With many stocks at record lows and all the doom and gloom splashed across the head lines, it’s easy to see why so many people are worried about their financial future. But what dose this all mean to you? Do you have to suffer financially?

Why is it that in any market there are some doing poorly while others are making extraordinary profits – even in “nightmare markets” like we have experienced recently. What’s the difference between theses two groups

The difference in the majority of cases is education; I’m not talking high school certificates and university diplomas; I mean Financial Education. Many smart investors have discovered strategies to excel in any market, even a falling market. If you were to discover the same strategies that many smart investors are using to make money in this time of limited opportunity you could feel secure about your financial future too.

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The global economy is suffering and many people who lack the required financial education are suffering with it. With the right education you could be in a position to take advantage of the opportunity that the so called “Global economic meltdown” brings, or you could do nothing and watch this opportunity pass you by.

What are you going to let it mean to you??

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Since then many of our friends and associates have asked us for tips and help with there own real estate investing, and I’m going to tell you what I tell them. There is nothing that I know about property that I haven’t learn t from somewhere else. Thats why I’m going to share with you 7 property investing tips that will stack the odds in your favor when you buy your next investment. I discovered these tips and many more in a book called “What I Didn’t Learn at School but Wish I Had” I hope you find them useful.

• Select properties within the $250,000 to $500,000 price range. Properties priced below $250,000 will either be too small, not have the desired quality finishings or not be in the best possible area.

If the property is priced over $500,000 in most cases it will cease to be affordable to the vast majority of tenants. Most tenants will not be able to afford rental payments in excess of $550 per week.

It will also be difficult to obtain a 90% LVR (loan to value ratio) finance from most institutions.

• Select properties in suburbs with proven capital growth over the past 5 years.

• Select properties in suburbs that have high rental demand.

First phone, then visit the ‘top’ agents in the area and check their rental lists to assess the rental demand; e.g. check how many properties are listed on their For Lease list.

Talk to the agents rental manager in regard to rental growth in the area.

• Select properties that are close to water; e.g beaches, oceans, rivers.

• Select properties that have land content.

The general rule is that land appreciates in value and buildings depreciate.

In certain circumstance, specific high-rise apartments might be worth more than houses in the same area, because they provide their occupants with fabulous water, city or mountain views.

• Select a property where the price of the property offers at least a 4% gross rental return based on the ‘long term’ rental guarantee the real estate agent is prepared to provide.

Ask the agent to provide you with a rental price that they are absolutely sure is achievable in the worst-case scenario.

If the promised and agreed rental is not achieved by the rental agent after two weeks of trying to lease the property, the agent will receive no marketing money and will have to make up the difference between the rental guarantee and the actual rental price of the property.

• Select properties that have 3 bedrooms to increase rental income.

You must only purchase properties that contain 3 bedrooms or a minimum of 2 bed rooms.

One of you goals should always be to increase the rental price of your property every year as much as possible.

Achieving the highest possible rental return is far easier with a 3 bedroom property; 4 bedrooms is an overkill, as you are unlikely to get tenants requiring 4 bedrooms inconsistently renting the same property at the same time.

One of the only reasons to overlook the criteria above is if the property is sold at an extremely low price.

The only legitimate reason this could happen is as result of dealing with a desperate vendor.

Well I honestly hope you found that useful. If you would like to learn more about real estate and discover many more property investing tips, feel free to order your own, instantly down loadable, free copy of “What I Didn’t Learn at School but Wish I Had” right here on this site, by clicking the link below.

Kind Regards

Lance Jenkins

FREE BOOK

Click here to order your FREE e-book

FROM 0 TO 130

PROPERTIES

IN 3.5 YEARS

Mine and Joanne’s first investment property was a positive cashflow investment. We found positive cashflow property to be great when we were starting out and didn’t have a lot of money. The funny thing is we didn’t even know at the time that when the rent from a property covers the mortgage and other expenses, that’s called a positively geared investment and you have discovered something really worth checking out.

We discovered Steven McKnight’s book called “From 0 to 130 Properties in 3.5 Years” stating on the back of the book that Steven is “Australia’s foremost positive cashflow investing expert”

The book tells of how Steven McKnight and his business partner David Bradley, used positive cashflow real estate to achieve their goal of financial freedom.

After reading Steven McKnight’s book we went on to use many of the techniques and strategies that he outlines, to buy a number of other positive cashflow properties that today provide a large portion of our total income.

Steve writes from his own experiences and explains, from what he personally discovered, what to do and what not to do in property investing. His use of graphs, charts and diagrams throughout the book make it very simple to grasp the ideas and concepts that he covers and I honestly believe that both the beginner and the experienced investor will easily get more than their moneys worth out of this book.

For those of you interested in property and asking “what’s a good book on real estate?” I can tell you, this is one of our favorites and I definitely recommend it.

You can also discover more property investing strategies right here on this website.

Order your self a free DVD or a free E-Book by clicking the links below.

“Free DVD”

“Free E-Book”

Before Joanne (my wife) and I bought our first investment property, we had read many books. We must have read stacks of book on property investing, personal development and other related subjects before we actually put in our first offer to buy that little set of two bedroom units in outback Queensland.

When I look back now, I realize that if it wasn’t for those invaluable books that we read, we may have never had the knowledge and the guts to take that first step. In the beginning, it was the books that made the biggest difference and got us to the next step.

That’s why we have started this section of our website where we can share with you the best books that we have come across for people who are determined to make a positive difference in their lives and the lives of their loved ones.

We hope this helps you on your journey to personal and financial success.

Lance & Joanne Jenkins

Learn At School

But Wish I Had

Is still Jamie’s most popular book and it’s not hard to see why.

This inspirational book tells of more than just Jamie’s personal story of how he went from sleeping on a friends couch with over $150,000 worth of debt and no job, to becoming a Self Made Millionaire in a little over three years.

It’s not just a feel good personal development book with nice stories and cute tips. This book is a virtual hand book, designed to guide you along a structured roadmap toward success in the 21st century.

Drawing on the experience of forging his way to success, Jamie created more than just a book; he created a 21st Century Education System for those who are dedicated to achieving an extraordinary quality of life.

Over 98,000 Australians and New Zealanders have benefited from Jamie’s 21st Century Education. The results of which have transformed their lives and the lives of their loved ones. This is now your opportunity to take advantage of an education based on real life experience and real life results that is empowering people to create the lifestyle they desire.

You can order this book in e-book format from this website for free. Simply click this link. “FREE e-Book”

You can also order the DVD of the same title from this website for free. Simply click this link. “FREE DVD”

What I Didn’t Learn From My

Financial Planner

But Wish I Had

This book exposes the reasons why trusting the financial planning industry with your hard earned money can not only hinder your financial progress, but could possibly wipe out you’re savings, along with any chance of retiring comfortably.

Jamie shares with you his own personal experiences, as he uncovers the tactics often used by the financial planning industry to make them selves wealthy at the expense of there trusting clients. He then goes on to present the importance of increasing your own financial intelligence and gives you the confidence to entrust your money to the person who is most interested in your financial success…..You.

What else will I learn from this book?

• Why most people aren’t wealthy and how not to end up as one of them.
• What your financial planer won’t teach you that is essential to becoming a millionaire or at least retiring comfortably.
• Why it’s actually dangerous and counter productive to take advice from financial planers in most cases.
• How to become a millionaire without having to rely on commissions driven financial planers.
• Practical ways to generate significant cash flow from strategies covering shares, real estate, business and the internet.
• How to develop the mindset of a millionaire and 8 steps to start you on the path to becoming a millionaire.
• How to make millions by using property options, using little of your own money.

This is just one of Jamie’s many popular books. You can order one of Jamies books titled “What I Didn’t Learn At School But Wish I Had” from this website for FREE. Simply click on this link. “FREE e-Book”

You can also order the DVD of the same title from this website. Simply click on this link. “FREE DVD”

To get on the road to financial freedom, you’ve got to have a budget to help you focus on achieving your financial goals. If you’d like to own your own home someday or pay off all your credit card debt, you need to plan ahead and set aside money to make your dreams a reality. But saving money can seem impossible when you’re already reaching to pay all your bills. Fear not – it can be done! Check out some of these easy tips to help you start saving money.

Spare Change Matters

Don’t underestimate the power of the penny! If don’t think you can afford to put any extra money into a savings account, commit to saving your loose change for that purpose. At the end of each day, put all your loose coins in a jar or a cheap piggy bank. As your jar fills up, stop by a Coinstar machine and deposit the cash into your savings account.

Let Online Banking Help You

Online banking makes it easy to transfer money to your savings account. If have direct deposit for your paycheck, you should be able to set up an automatic transfer so that a portion of your money automatically goes to your savings account. If you never see the money, in your checking account, you won’t be as tempted to spend it. Most experts recommend that you automatically deposit 10% of your take-home pay, but if this is too much for you to start with, try to work up to it.

Learn the Trading Game

If you’re great with kids, why not volunteer to watch a colleague’s children in exchange for a free ride to work? Or offer to trade some of your world-famous pies for some auto repair work from a car-loving friend. Everyone have some skills – use the things you’re good at to trade for the goods and services you’d otherwise pay for.

Cut Your Utility Bills

With the explosive growth of modern technology, it seems that there’s some new gadget for every task. Using all these tools can make your life easier, but it also increases your energy bill. One night a week, wash your dishes by hand, or hang your clothes to dry on a clothesline in your laundry room. Buy a carpet sweeper or a manual lawnmower to replace their energy-guzzling alternatives. You’ll cut your energy bill and develop a new-found respect for your pioneer ancestors.

Live the High Life on a Budget

Buying a $5 coffee everyday or catching dinner and a movie every Friday night with your partner can quickly chip away at your savings. If you can’t give up your Starbucks, consider switching to plain black coffee with a bit of flavored creamer. You’ll save money as well as all those calories in your grande caramel macchiato! Learn to cook a nice dinner to serve by candlelight in your home and follow it up with your favorite old movie on the couch.

If some of these tradeoffs don’t sound like much fun, try to keep your financial goals in mind. Picture yourself moving into your new home or driving down the road in your Ferrari convertible. If you stay focused on your goals, you’ll find it much easier to stick with your budget and save more money. For more easy ways to save money, visit The Sexy Secretary - a great website with lots of tips on living the good life on a budget.
About The Author

This article was published by Sarah Russell on Smart Young Money – a collection of money management resources for teens and young adults. For great information on using credit, managing debt and more for young people, visit http://www.smartyoungmoney.com.

Can’t seem to get ahead financially? Debts piling up? Maybe you’re making some of these mistake unknowingly. These mistakes listed below will help you understand where you may be going wrong and how to get back on track quickly. You can be debt free.

Mistake 1. Living Beyond Your Means

This is the real cause of your worry and stress. If you are spending more than you are earning, whose money are you spending? It’s the credit card provider’s or the bank’s. The cost of this money is interest.

The way out - Make a Commitment to yourself only to spend within your income limits. Maybe you could increase your income (or cash in) by applying for more skilled positions, selling some of your unused articles or assets. Is the second car really a necessity? What about working out ways to make your hobby pay for itself?

Why not find ways to reduce your spending? How much would you save each year if you decided not to have the daily coffee shop coffee? Why not make your work lunch each day rather than buying it? Commit to only buying the necessities.

Mistake 2. Paying Off Less Than the Full Credit Card Balance Each Month

Get this debt under control and your life will be much easier. If you are like many others and only pay the minimum balance each month, the interest on the interest makes those purchases oh so expensive.

The way out - Find ways to put aside more money to apply to the credit cards. It will take time to reach this goal. However, if you don’t make a start now you may never pay them off. This situation did not occur overnight and neither will the solution. But, by diligence and commitment you’ll get there.

Mistake 3. Not Really Knowing Your Financial Situation

Before you can set meaningful goals and develop savings strategies you need to know your financial situation now. The best, proven and tested method by far, is by developing your own personal budget. This is not hard to do. Please don’t give up now. Just follow these simple steps:

The way out -
a) Find your latest credit card statements. Write down all the unpaid balances.
b) Are there any other unpaid debts (not home or car) then include these balances as well.
c) List out your (or family) monthly income. Only the amounts “brought home”. Include all types of income.
d) Work out your monthly spending. List out where all the money goes. Don’t leave anything out.
e) Minus the monthly spending total from the monthly income total and review the answer.

This will give you an initial idea as to whether you are living within your means or on borrowed money.

Mistake 4. Continually Adding to Your Debt

If debt has got you into this situation it is critically important not to add to the state of affairs and thus make it worse.

The way out - cut up the credit cards, keeping only 1 for emergencies. Don’t buy on impulse. Ask yourself twice or three times before you buy anything “Do I really need this?” before you hand over your hard-earned money. Don’t buy at the height of the fashion or fad. Commit to never paying full retail for anything. Get it on sale or negotiate a lower price.

Mistake 5. Spending All Your Income

It may sound OK to spend any money you earn but there are risks attached to this strategy. How are you going to pay for emergency items? What about major car repairs. What about major electrical appliance replacement? Are you going to pay for these on credit? Bad idea! How are you going to save for a substantial deposit on the next car?

The way out - Once you’ve prepared your budget you will clearly see what you need to do to put some income aside for other needs such are emergencies and repairs.

Mistake 6. Spending Without Caring About Your Future

Unless you are planning for your future and financial security, you cannot be really happy. There are always worries lurking in your mind about how you would survive in a financial emergency if you have no savings. It can be very rewarding to see how quickly your savings multiply over time with only a small investment each payday.

The way out - Take stock of your life and realize that tomorrow won’t look after itself. It needs your attention. Keep some funds aside to put away for your retirement, children’s college costs, emergencies, holidays and major purchases.

Avoid these 6 spending mistakes and you’ll be well on your way to financial freedom. Guaranteed.

About The Author

Bruce Hokin has designed a simple budget tool called “5 Steps to Freedom” Personal Budget. It based on his extensive background as a qualified, experienced accountant, manager, consultant and financial adviser. You can be on your way to financial freedom within the hour. It is available at his website http://www.freedom-personal-budgets.co