All Posts by Jackie Yee

Becoming a Millionaire

Many websites explain different ways to become a millionaire in short spans of time. The most necessary tip to becoming a millionaire is thru saving a part of salaried income or profit from your business regularly.

Setup a business that offers huge profits with less spending and less staff. you need to identify through market research or web research a product that’s in great demand. find out the ways that to produce or market that product. You need to mobilize resources to run a business. A number of the businesses need giant chunks of cash. You’ll need to seek the help of banks or other money institutions to get loans at reduced rates. Talk over hard to get loans at cheaper interest rates. Realize how fast you’ll setup a business and market the product. Before entering the business, make a plan and attempt to attain it. it’d help to turning into a millionaire through reaping large rewards.

Go through newspapers and find that products are being sold in your local market. Determine the demand for such product. attempt to supply such products from different places at lower costs and sell them a little lower than the prevailing costs in the native market. remember advertising is that the key to success of any business. Have a positive attitude to achieve the goal. cCan surely accomplish the goal of becoming a wealthy person if you have a will and needed skill to do the business.

Some folks used to become made through buying of lottery tickets. Becoming a millionaire through purchase of lottery tickets is very rare, thus don’t depend entirely on this.

You do not got to work too hard when you dream of becoming a millionaire. Start saving some of your cash regularly. Several savings schemes, like life insurance Policies, Mutual Funds and fixed Deposits are available to invest part of your attained cash. Smart investment causes you to made. You’ll purchase immoveable properties using your savings and sell them once the rates of such properties increase. Investing in real estate in a number of the nice locations would offer you large dividends within the long. The key purpose to saving is to cut back unwanted spending. go for cheaper options wherever viable.
Keeping these things in mind can help you in getting closer to your dream of becoming a millionaire.

Source: ezinearticles

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5 Habits of a Successful Property Investor

Many people want to be financially free. I hear people say this all the time. But I always ask them these queries. So what are you doing about it? Have you ever got a plan on how you’re going to get there? When is your target date? How much are you aiming to build and what do you need to do reach that goal? they need simply no idea. So, it’ll just be a dream.

Similarly, the road to a successful journey in property investment is never easy. Whoever said that creating your millions in property is easy? If yes, then everybody you meet may be a property have. You’ll meet negative colleagues, relatives, friends, spouse or kids who can discourage you. But believe your dreams and goals that you have set up for yourself and you’ll be able to make that dream a reality. Cultivate these habits below if you want to be a successful property investor:-

1.Have Goals And Set Datelines

Setting realistic goals and datelines is crucial for any type of business as it guides your focus and action towards attaining the targets that you’ve set. Review the goals periodically to see wherever you’re towards attaining them and revise them wherever necessary.

2.Invest In Yourself

-Read lots of Property Books, Magazines And Articles
-Listen To Audios On Property Investments
-Attend Property Seminars And Exhibitions

Invest in educating yourself with the right knowledge to minimize the mistakes in property investments. I usually hear people say, the seminar courses are too costly, but yet they’ll afford to buy a replacement car, a new theatre set, choose a holiday or buy some lifestyle product that will be a liability rather than investment in educating themselves to achieve their dreams.

3.Take Immediate Action

Successful property investors are Action Takers! They make things happen. once they have gained the proper information about property investments from attending property seminars, reading property investment books and planning to know other successful property investors, they take immediate action to analysis for the properties they will invest in.

4.Willing to make Sacrifices to view Properties

Go and view as many properties as possible in the areas that you want to target. Jot down your observations in your notebook and compare them before you zoom all the way down to some of potential ones. Take a drive to look at the properties throughout different times of the day to note any important observations in the vicinity or surrounding areas close to your targeted property. For example, I noticed that the road resulting in a specific condominium within the evenings is full with automotive pose on the proper and left of the road due to shortage of car parks making the route tough to drive through that was fine once I went during the afternoon.

5.Invest With A Calculator, Not with your Heart

Don’t let your emotions affect your call once buying a property. Instead, use a calculator to work out the potential returns and gains based on the property costs offered by the vendor or developer. Calculate the price per square foot/meter of your targeted property and compare it with other properties of similar varieties within the same location (ideally). verify the numbers to see if you’re getting a decent deal from the property before investing.

Source: ezinearticles

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Become A Property Millionaire And Invest In The Right Property

When you hear the term “property millionaire,” you probably think of real estate, but it’s presumably not the type of real estate online professionals know about. Online real estate is totally different than traditional because it values the web itself and therefore the domain names and niches that generate ad revenue and consumer business on a daily basis. It pays to be an internet property millionaire because with the web you have something that can generate earnings every minute of the day or night. Even when you are not “working,” you’ll be earning because of the 24/7 around the clock nature of net itself. however so as to become a property rich person, you need to know wherever to find the best property on the world Wide web to invest in.

One of the most important niche markets that you simply will invest in is actual real estate. More and a lot of homeowners are using the online to search out their dream homes or fixer-uppers that may generate further revenue. Realtors and other housing professionals value internet property that may allow them to get their message out and find new buyers. Branding is everything within the real estate market, and if you know the way to supply domain names and get websites low while selling high, then you’ll earn cash merely from domain sales. If you would like to reap the site with valuable info and details relevant to it market, then you’ll secure ad revenue from housing professionals.

There are multiple ways to earn income online and become a property millionaire, but you do need to be able to notice which markets are in demand and which aren’t. The best way to do this is to form use of the foremost search engines and their free keyword tools that enable you to see however typically a term has been searched within the last week, month, or year. You ought to also run a few test searches on sites like Yahoo, Bing, and Google to test the viability of your class and see what the popular sites in that niche ar already doing right.

So whether you would like to be a property millionaire in the real estate world or a property millionaire within the on-line world, there are numerous ways during which you’ll turn your effort into profit. Knowing where to seem and what to seem for can take you most of the way and exertions and the want to invariably be learning a lot of concerning however the internet works will assist you do the remainder. Developing a business arrange, doing the necessary research, and committing to carrying out your goals may seem a trifle like old-fashioned advice for the digital age, however they’re still tried and true.

Source: ezinearticles

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5 Steps To Become A Millionaire

Ever thought about you being a Millionaire? Ever thought about what it’d take to become a Millionaire? Anyone ever shared with you how you can become a Millionaire? Interesting questions right?

I’m not sure about you, however no one ever sat me down and said, “Steve, this is what you need to try and do if you want to be a millionaire.” I’ve had to struggle through my life just like everybody else. The only difference is I’ve made many sacrifices in my life to learn from the right people, I’ve read lots of books to expand my knowledge and value to the world and now i’d wish to take a few minutes to share with you 5 Steps to get you started so you can become a millionaire.

1) See Yourself already As A millionaire

Long before you can ever become a millionaire, you need to start visualizing yourself as a millionaire. Who can benefit from you being a millionaire besides you? How can you help people? What will you do with the money?

These are vital questions. you can’t simply need to be a millionaire and poof you’re one. Sit down and make a vision that you will see in your own mind of you as a millionaire. Think about is so much that you simply will see what you’re wearing, what you drive for a car, who you’re surrounded with and what house you’re in.

The a lot of details able to clearly see in your vision the a lot of your mind will be able to help you start making it your reality.

2) Change Your Friends

This one may be very tough for lots of you who are reading this. I don’t need you to suddenly tell your existing friends they’re not worthy of your time. However you do ought to understand that you can stay at a success level of your closest friends.

If your closest friends make minimum wage, pick apart your dream and have none of their own, however seemingly does one think that you can become a Millionaire? If you begin hanging around with folks that need success, who attempt for their goals in life and build a ton of cash, you will be forced to change. This may very help change your outlook and assist you to begin thinking like a millionaire.

3) Stop concerning Yourself With What people think about You

Many people never take action because they’re afraid that their closest friends and family can find out what they’re doing. They’re afraid they’ll even laugh at of them. after they resolve you really have dreams and are working towards them, some of your friends could slam your dreams and be jealous.

Stop concerning yourself with what they think. You and solely you know what you wish, what you need in life, that you need to be a millionaire. Simply because they’re not willing to put in the time and energy to become a millionaire, doesn’t mean that you cannot go for it.

You have to look out for yourself. Besides, once you become a millionaire, believe however you will be ready to help inspire others to do the same as you did. however would that feel?

4) Believe in Yourself

OK, thus you now have a vision for yourself of you being a millionaire. You have reached out to some new friends who square measure a lot of successful than you and never give up on their goals. you’ve got stopped concerning yourself with what others think. Now, you wish to start believing in yourself.

One good way to start basic cognitive process in yourself is to use affirmations. Think about the steps you wish to go through to become a millionaire. Write down the first few that will be best to accomplish on a chunk of paper. Then re-write them nightly before you attend bed and once more once you first get up. This can be once your brain can best use the information. Write them as a question and kind the question as you’ve got already accomplished them.

This can start training your sub-conscious that you already have accomplished these affirmations and your mind will help you begin making them your reality.

The sooner you suspect you’ll be able to very become a millionaire, the sooner it’ll very happen. the sole one who will make you a millionaire is you. begin believing in yourself today!!!

5) Take massive Action

Once you’ve got your vision of you becoming a millionaire, it is time to require massive Action. it is not time to tip toe around and believe how to become a millionaire. It is time to get started and very go for it.

Remember although, this may not happen long. this can be a marathon, not a sprint. So please pace yourself. Do you assume Tiger Woods became the world’s best golfer by hitting 1,000,000 balls in a month. No! He hits thousands of balls each single week. He took large action each single day to get to wherever he wanted to be. you can do the same.

Imagine working less than an hour per day and growing a web business which will enable you to become a wealthy person. Imagine attracting 10-20 latest leads every day. Imagine sponsoring 5-10 new team members per month, while not ever bothering your family and friends or making an cold calls to an unmotivated generic business chance leads. Imagine finally utilizing a proven attraction promoting system literally sure to produce result when result once you have it set up.

Source: ezinearticles

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Useful Tips on Buying Investment Property

It is important that you are knowledgeable when you plan to buy investment properties. as much as possible, you have got to fully understand what you’re about to enter into. Through researching about the subject, you’ll be able to be wiser in making your final decision and the purchase method will be easier for you to undergo. Seeking for help from the professionals also can lead you to good results. People such as the legal counsel, accountant and property broker are those that you’ll be able to count on. However, it’s still best if you’re assured enough that you just grasp one thing regarding this stuff since you’ll protect yourself from being mislead. There are cases that folks sometimes can direct you to make wrong choices through their marketing strategies causing you to regret later on.

When you purchase investment properties, the very first thing you need to do is to know the kind of investment you want. There are big range of decisions. These are industrial properties, commercial properties, raw land, rental lodging, condos, mobile homes and plenty a lot of. you merely ought to make certain what you plan to do in the future.

In this type of endeavor, you’ll sure come across with risks and bonuses on the way. If you’re still novice on real estate investment, a good way to begin is buy rental apartment or apartment building. This could be less complicated compared to those realities that need deep understanding and thorough analysis thus you can end up thriving.

When you are about to shell out your hard-earned money, you have got to sure that such property that you just are supposed to invest on ought to give you the best chance for regular profit. One nice issue regarding investment properties is that they’ll stabilize the prices and help you manage your budget. this could be a good begin for beginners.

The location is very vital decide that property to buy. Find areas that are advantageous once it comes to employment. Your tenants can sure would like something which will provide them a good supply of income. Thus, once your property is simply right next to commercial establishments and offices, they’ll simply notice for employment.

Aside from the employment opportunities, common business centers like schools, shopping malls, transportation and others ought to even be right around the corner. This can be more convenient for your tenants. They are doing not ought to go out of their way whenever they have something. Will undoubtedly get plenty of inquiries if your place can offer them the ultimate comfort and convenience once they stay in your pad.

Of course, your safety ought to even be part of your priority. Regardless of how excellent the place is that if the rate is relatively high, then this can still affect the tenant’s decision. Since renters will lease a place that will be their home, this should be the safest place for them.

The tips discussed above are some of the many things you ought to consider when buying investment properties. It pays if you conduct extensive research before entering into this endeavor. Although there are options for beginners, however it helps if you fully understand what you’re about to engage into. Knowing all of these things can lead you to success.

Source: ezinearticles

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Saving Strategies Simplified

Your income – Your spending = Your Savings

Did you learn this basic savings formula? Its simplicity provides the solution to a frequently troublesome question: “How can i save more?” As most people cannot control their income, there’s only one possible answer: spend less.

Now, how do you do that? It appears easy to say but hard to do. Below are ten great ways to start. Even if you take just one or two to heart, you will be on your way to growing your bank account!

Strategy 1: Understand and be honest about expense classifications

Think of discretionary expenses as “wants” and non-discretionary expenses as “needs.” Since there is little you’ll do in the short-term to reduce non-discretionary expenses, traditional spending reduction focuses on limiting your discretionary wants. Often folks think of too many of their expenses as needs. However, incorrectly labeling your expenses limits your ability to take advantage of other savings opportunities. Think about the decisions you make everyday: are the bulk of your purchases really non-discretionary needs or do you simply view them that way? remember, while eating is a need, eating out is a want.

Strategy 2: The time to lower your spending on needs was yesterday

Many people have trouble saving even while limiting their spending on wants because their expenses for their needs are too high for their income level. It’s you that must care enough to review your outlay priorities before creating that commitment to an apartment lease, mortgage, or car. just because someone will sell something to you doesn’t mean or even imply that you simply can actually afford it. although non-discretionary expenses were not needs at one point, once you commit, these expenses will require part of your monthly income for a long time.

Strategy 3: Enjoy free stuff

Depending on your interest and health, you’ll go on a long hike, sit in a park, talk with a friend, browse a book or newspaper, lay on a beach, play sports with friends and so on. Many folks feel they can’t have a good time without outlay a fair amount of cash. However that is based on what’s been successful for them in their recent past as critical a reality of life. when you were a kid or even a university student there were hundreds of days where you had no money to spend and you were as busy and as happy as ever. can you try a day or two like that this month?

Strategy 4: Major on the major

Don’t spend a lot of time evaluating minor expenses, like wherever to buy pizza. Rather, put major focus on major purchases. A car and a place to live are obviously major expenses. What else is major? regardless of age, financial aptitude, or income, a good rule of thumb is that anything that needs you to finance the acquisition is a major purchase. Spend serious time evaluating these purchases, ensuring that you will actually afford what you’re buying and that you value every feature and possibility you’ll be paying for over the upcoming months and years.

Strategy 5: Spend with comfort on items or experiences you value highly

As in time management, you can’t prioritize everything financial as highly important. Life requires decisions. If you do not place at the first, in the end the choices can are created for you as a result of you won’t have money left for that next expense. Do not give up that control. know what you truly price and spend on those with no guilt – enjoy! grasp that solely a really choose few have unlimited discretionary expenses. If you’re reading this, you’re not one of those folks. thus while you must enjoy those experiences you price extremely, hold back on discretionary expenses that don’t provide you with that same emotional high.

Source: ezinearticles

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Millionaire Investor Tips

Becoming rich through property investing can be easy. Anyone can do it, but so few people even try.

Those folks that have become successful are happy to share our knowledge. it is a level playing field and there’s plenty for everyone. Once you have a property, other than your home, you’re on your way to real financial security.

When the worth of your initial investment property exceeds what you owe on it, then you’ve got positive equity. Your income can be greater than your outgoings. you’ve got spare cash to pay.

Do that and you may never become wealthy.

Your property portfolio is your business not a hobby. this is your baby and you wish to nurture it and watch it grow, strong and healthy.

Now that you have positive equity you’ll be able to refinance the first property to fund another. actuality investor knows where he’s going to invest next.

Find the next property even before the funds are in situ. In these early days it’d be wise to stick to the same property to your first purchase. you may already know what to look out for from your first experience.

The time to acquire a variety of properties can come in time, however within the early days, stick to what you know. Once you’re established you may discover that a large spread reduces risks and maximises profit.

When starting out it took me your time to find a loaner with whom I could build a long term relationship. As a new investor you’ll would like to use the loaner on your home. you’ve got a track record with them, but short, and this can give you something on that to build.

My initial mentor in property investment has his property portfolio valued every year, around his birthday. He subtracts his new age from 100. that’s the percentage of the valuation that he needs to owe to his existing lender.

This means that his percentage debt goes down as he gets older and his equity goes up each year. His lender is anxious to advance more money each year on what the lender sees as an ever increasing solid investment.
Keeping these things in mind can help you in getting closer to your dream of becoming a millionaire.

Source: ezinearticles

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Investing in Property

Property is almost always a good place to invest your extra money in. If done correctly  you can easily become a millionaire and retire just off the money you make from homes you bought years ago. The theory is, while the market starts to climb so does the value of your property you own. If you would ever like to achieve more of a profit from your investment portfolio than putting some spending some money of property is a great way. There are millions of properties you can buy, don’t always look at ones in your own country I am talking about the entire world here.

People invest in property and land all over the world for wealth. Even banks, financial institutions, and other large corporations follow this strategy when they see an opportunity. In many cases, when you don’t have enough money to buy a property banks will lend it to you. This creates a great opportunity for you, and your bank to make some long term money. If you bought a home about 4 to 5 years ago you may be seeing a large profit, so you know the potential of buying property. As long as the real estate market is healthy you usually will not lose in a stable economy. If you have already made profits imagine buying more homes, this would just increase your wealth, this is a technique that many people take. Real estate is thought of by many as the best investment strategy you can make.

There are more millionaires made by investing in real estate than anything else in the world. Make buying homes fun, and you will enjoy searching for real estate. It’s something you can do with the whole family. Take a day off and look at homes you could purchase. Doing this is probably one of the best ways to add wealth to your portfolio.

Source: ezinearticles

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Lease Options for Rent to Own Homes

Though there are any numbers of homes to rent, rent to own homes are not easy to find. Rent to own homes are also known as lease to buy homes or lease with the opportunity to purchase homes. Though all these names are used for rent to own homes, the set up is basically the same.



The concept of rent to own homes provides the renter the chance to buy the house when the time of rent is up. Generally, the amount paid as rent will be subtracted when the occupant of the house buys the house. The deal will be settled after negotiations according to the market figures. However, the aspects are flexible and are based on the situation of the time. In certain cases the price is decided after negotiation even prior to the moving in of the renter. In each case the options vary.

Buyers get a lot of flexibility in rent to own home situations. Generally, renters rent them to urge a hold at their credit. At other times people move in with the hope of buying the house which they like, at the end of the rental time. this gives the chance to renters to actually move in to a house they like with their possessions and live in it till the fixed time. They get enough time to really know how living in that particular home is, before they take the final decision of actually purchasing the house. As you can see the renter is at great advantage within the situation.

However, for sellers the situation might not end up to be favorable always. Since the buyers have most flexibility and advantage the sellers might lose control over the situation. There’s no surety if the buyer can purchase the home at the end of the rent period. If he does not, the seller would be at a sticky position. He might have lost prospective buyers in the course of the rental time.

Diagram of a seesaw showing buy and rent in perfect equilibrium.


According to the contract, some sellers get to keep the rent they got even if the buyer does not purchase the house in the end. Sellers consider the rent as profit for their otherwise vacant house. Still the possibility stands that in real estate the seller would have had the chance to sell his house for a greater profit. However, the gain and loss depends on the way the seller takes a deal.

Real estate agents are not much interested in finding houses for rent to own purpose. If you’re searching for one, it’s wise inform your agent beforehand about your intention. If he’s not interested both parties need not waste time. There are many things that require serious consideration when you rent or lease a rent to own home.

Source: ezinearticles

7 Elements of a Lease Option

Lease options (or Lease Purchase or Rent to Own) are called ingenious and innovative, even though they have been around forever. They’ve also been called one of the only non-confrontational ways of acquiring real estate.

I’ve liked Lease options from the day I 1st heard about them. And there are a lot of things to like about them, they’re low risk, you need little or no money and no credit to do them, you can be in and out in a matter of days or stick around for a steady monthly income.

The 7 Key Elements

  • Lease Term

The Lease Term specifies from when till when the client is allowed to occupy the property, and as a result for how long the client is indebted to make Lease Payments.

The Lease Term will be adjusted down for less risk to the client or up for more security to the seller.

  • Lease Payment

The Lease Payment specifies how much money per period (week, month etc.) the buyer is needed to pay the seller in order to maintain their occupancy rights.

The buyer wants the Lease Payment to be low and the seller wants it to be high. The Rent Credit will be increased or decreased to compensate for a high or low Lease Payment.

  • Rent Credit

The Rent Credit specifies how much of the Lease Payment will be credited towards the purchase Price; if and once the buyer exercises their option to purchase.

The buyer needs the Rent Credit to be high and the seller wants it to be low. As mentioned, it will be adjusted along with the Lease Payment to come to an acceptable compromise.

  • Option Consideration

The Option consideration specifies how much the client is required to pay for the option to get the property.

Similar to the Lease Payment. the client needs the option consideration to be as low as possible, and also the seller wants just the opposite. Often, once a seller is motivated enough, they’re willing to accept a negligible amount of cash for the choice consideration, or even just a promise to keep the other terms of the agreement.

  • Purchase Price

The Purchase price is an easy one to work out. How much should the buyer pay if they decide to exercise their choice to purchase? This could be set at a particular dollar amount, or as a formula, as an example once the buyer is allowed to purchase the property for the balance of the existing mortgage(s).

Again, the buyer needs the lowest purchase price, and also the seller needs the highest. It’s no surprise that the next price is the main reason a seller would be willing to sell on a Lease/Option in the first place. generally speaking, this can be the main point of reference for all the other negotiation points.

  • Option Term

The Option Term specifies how long the buyer’s option to purchase will be in effect.

The buyer will want this to be as long as possible and also the seller as short as possible. Because of appreciation a purchaser can safely agree to a higher price in exchange for a longer option Term.

  • Renewal or Extension Terms

As a final point of negotiation, Renewal or Extension Terms will be agreed on one by one or collectively for the Lease Term and the option Term.

It’s quite common to find an option Term of a few years, with a Lease Term of twelve months that may be renewed year after year. The buyer will want to be able to renew for free, while the seller will either not need the buyer to be able to renew at all, or to pay for it.

Source: ezinearticles

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