You Don"t Need Money to Make Money
A lot of people believe that in order to make a lot of money you first need to have a lot of money.
This is not true at all.
It is possible to make a lot of money starting with very little, or even starting with absolutely nothing.
There are simple ways that you can make a lot of money with very little.
Leverage One of the best ways to make a lot of money with very little is to leverage other people's money.
If you have $10,000 to invest and you put that $10,000 into mutual funds you might earn 7% per year in capital growth (or $700 per year), considering no market fluctuations.
If you took that $10,000 and bought a $100,000 property (using $90,000 of your banker's money) and considering the rental return just covered expenses.
You could earn 7% on $100,000, which is $7,000 per year (or a 70% return on investment).
As you can see, by using a little bit of money with leverage you can get rich a lot quicker than trying to use all of your own money.
Selling Information Information is free to create and free to dish out because words are free, they don't cost you anything.
But people are willing to pay for information that is of interest to them.
Everyday people buy newspapers, book and even pay to go to seminars to get more information.
You can become rich with little or no money by simply selling your information.
Everyone has a story to tell and everyone has a piece of wisdom that someone else is willing to pay for.
If you can record it and present it to people in a form they will enjoy then you can make money from it.
Some examples of information for sale is book, ebooks, seminars, coaching, newspapers, audio teaching and video teaching.
The internet has made it even easier to sell information and get rich using very little money.
Velocity The rich get richer because they use the velocity of money.
In other words they keep their money moving.
By keeping your money moving you can make a lot of money without having a lot of money.
For example, if I invest $10,000 into a positive cashflow property that earns me $2,000 per year.
In 5 years I will have my $10,000 back ($2,000 x 5 years) and I will still have an asset that generates me $2,000 per year.
I can then take my $10,000 and invest it elsewhere to buy another asset.
This is an example of the velocity of money.
The faster you get your money back, while keeping your assets the faster you can become rich.
This obviously takes some financial education so I suggest you invest in that first.
Better Information The better financial information you have the less money you need in order to make money.
A friend of mine works in a high end corporate job and earns over $100,000 per year.
I work part time in a local chemist and earn $15,000 per year (because the rest of my time is spent studying finance and pursuing business ventures).
My friend's financial education allows him to only put his money in a bank account and earn 4% per year on his money.
He is then taxed at 50%, and his money is decreasing in value by 3-5% per year due to inflation.
Overall he is losing about $1,000-$3,000 every year for every $100,000 he saves.
However, due to my investment knowledge I can take $4,000 and invest it in a property where I earn 25% cash on cash return, tax free, and I am getting capital gains on top of that.
So because of my access to better information, through my education, I can get richer with less money.
So as you can see you don't need to have a lot of money to make a lot of money.
You just need to have a solid financial education so that your money can work harder for you.
This is not true at all.
It is possible to make a lot of money starting with very little, or even starting with absolutely nothing.
There are simple ways that you can make a lot of money with very little.
Leverage One of the best ways to make a lot of money with very little is to leverage other people's money.
If you have $10,000 to invest and you put that $10,000 into mutual funds you might earn 7% per year in capital growth (or $700 per year), considering no market fluctuations.
If you took that $10,000 and bought a $100,000 property (using $90,000 of your banker's money) and considering the rental return just covered expenses.
You could earn 7% on $100,000, which is $7,000 per year (or a 70% return on investment).
As you can see, by using a little bit of money with leverage you can get rich a lot quicker than trying to use all of your own money.
Selling Information Information is free to create and free to dish out because words are free, they don't cost you anything.
But people are willing to pay for information that is of interest to them.
Everyday people buy newspapers, book and even pay to go to seminars to get more information.
You can become rich with little or no money by simply selling your information.
Everyone has a story to tell and everyone has a piece of wisdom that someone else is willing to pay for.
If you can record it and present it to people in a form they will enjoy then you can make money from it.
Some examples of information for sale is book, ebooks, seminars, coaching, newspapers, audio teaching and video teaching.
The internet has made it even easier to sell information and get rich using very little money.
Velocity The rich get richer because they use the velocity of money.
In other words they keep their money moving.
By keeping your money moving you can make a lot of money without having a lot of money.
For example, if I invest $10,000 into a positive cashflow property that earns me $2,000 per year.
In 5 years I will have my $10,000 back ($2,000 x 5 years) and I will still have an asset that generates me $2,000 per year.
I can then take my $10,000 and invest it elsewhere to buy another asset.
This is an example of the velocity of money.
The faster you get your money back, while keeping your assets the faster you can become rich.
This obviously takes some financial education so I suggest you invest in that first.
Better Information The better financial information you have the less money you need in order to make money.
A friend of mine works in a high end corporate job and earns over $100,000 per year.
I work part time in a local chemist and earn $15,000 per year (because the rest of my time is spent studying finance and pursuing business ventures).
My friend's financial education allows him to only put his money in a bank account and earn 4% per year on his money.
He is then taxed at 50%, and his money is decreasing in value by 3-5% per year due to inflation.
Overall he is losing about $1,000-$3,000 every year for every $100,000 he saves.
However, due to my investment knowledge I can take $4,000 and invest it in a property where I earn 25% cash on cash return, tax free, and I am getting capital gains on top of that.
So because of my access to better information, through my education, I can get richer with less money.
So as you can see you don't need to have a lot of money to make a lot of money.
You just need to have a solid financial education so that your money can work harder for you.
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