Planning Your Exit Strategy in a Land Investment

When investing in land, your exit strategy is an important consideration.

Timing is everything, particularly in how investments pay off. The investor in raw land needs to know when the asset will increase to its optimum sale price.

The goal of all investing is to make money, to sell at a price higher than that at which the investment was purchased. But that simple formula fails to factor in the extremely important matter of timing: how long it takes for the investment to achieve that optimal price, as well as how the timing affects the investor. Taking a good profit in one year might be disadvantageous over taking it in another, largely due to taxation.

The essential nature of timing – when to invest and when to disinvest – affects all classes of investments, both those in the traditional markets (stocks, bonds, REITs) and the less traditional real asset categories (strategic land/hedge, property funds, precious metals, minerals, rarities such as antiques and fine art, etc.). Much of that has to do with the intrinsic (some might call it organic) nature of the investment and how it relates to macroeconomic dynamics, while external factors such as government subsidies and regulations can affect it as well.

A good example is renewable energy in Germany. A robust government sponsored program (“100,000 roofs” and the Renewable Energy Act) fostered small and medium-sized companies (as well as university research in partnership with them) to develop photovoltaic, wind, biomass/waste and hydroelectric electricity sources. With government supports and guarantees, investors had a good sense of where things were going and when. The timing of their disinvestment and payback carried more certainty, which of course attracts more investors.

Notably, in German investors in solar PVs and wind can expect the timing of their returns to be shorter than those in hydroelectricity. It simply takes more time to achieve a favourable return-on-investment from dam construction.

In a different asset category, raw land in the UK, the macroeconomics are well understood: the UK population grew 7 per in the decade to 2011, even while the nation’s home builders have not been increasing residential inventory to keep pace. Consequently, there is a housing shortage that will need to be filled eventually (and the sooner the better). The government plays an important albeit indirect role in that local planning authorities are now given greater reign over decisions about land use designation. In other words, if a local planning authority strongly identifies an area for home building or other development, it is far more likely to happen.

To the land investor, ceding land use planning from national to local authorities is very important to timing – and was long awaited. The Kate Barker recommendations in 2004 (the Barker Review of Housing Supply) looked at rising housing costs and the inadequate supply of new homes to meet the need. The Barker recommendations were factored into the modernised core UK planning principles, which include:

• Objectively identify development needs of an area (housing, business, etc.)

• Drive and support sustainable economic development, which includes the delivery of homes, businesses and industrial properties

• Provide the necessary infrastructure to support new developments

• Account for market signals such as land prices and housing affordability, and set strategies for allocating land in sufficient quantity to meet the needs of people and employers

The well-managed land investment can meet these criteria, and as such is more likely to qualify for expedited approvals. The ability to deliver value to investors sooner rather than later is a clear advantage of this.

Individuals involved in any type of investing should get solid counsel from a personal financial advisor. This investment professional should work independently of any financial instrument to holistically review your investments, goals and anticipated expenditures to determine where an asset would be timely. The number of people who get interested in ejuice sale increases every day.

My Top 2 Working Money Schemes

Passive Income

So I guess I should explain right? Because everybody wants to know how to make money… well almost everybody.

If any of you don’t know what passive income is, to put it simply – passive income is income gained regularly, with minimal effort needed to maintain this; it is money which can be earned along side your main source of income. In some cases it can be related with the idea of unearned income.

Sounds great doesn’t it? Although, some times the “minimal effort needed to maintain this” is not entirely true. If you stick at it though, you could be earning yourself masses of money every week. Forget week. Everyday!

Before any of you slate me for saying all this and claim it’s not true, a live example of success from this would be me. Probably shouldn’t expose this, but from these 2 methods and a few others I’m earning on average £1,000 per day. Sound’s stupid – I know haha. But it’s possible, there are people earning more than me, what I’m gaining is pretty minimal. Just imagine what they’re earning – how much do you think?

I’m only going to explain all of these methods briefly, if you really want to learn how to make money then you need to do a little research. Also, I’ve worked for all this – harsh, but you should do the same. You’ll understand after.

Anyway all you need is a few basic ‘maths skills’, a pen, paper, a computer and some creative ideas! Moving on.

Method 1 – Foreign Exchange Market

Sounds real dodgy, right? Don’t worry it’s nothing like that. Forex (The Foreign exchange market) is a market which enables its customers/users to trade currency easily and efficiently. You will trade your currency to another currency, when yours is worth more than the other. Then when your original currency becomes weaker (worth less) you’ll trade back, therefore making a gain!

Example – Your Great British Pound is worth 1.09 US dollars, this is the exchange rate; GBP 1.09 USD. You trade your pound, then the GBP drops – therefore your USD is worth more than when you first bought it. The exchange rate is now GBP 1.05 USD. Using this information you decide to exchange back; you’ve made a small gain. Realistically, you wouldn’t trade just £1, you’d be trading at least £100 or £1,000. This can be done easily through Forex trading platforms.

A simpler way to look at it would be when you come back from holiday and trade your money back, you’ve either gained more than originally exchanged or lost some.

Method 2 – Affiliate Marketing

Because I’m dragging on longer than originally thought, I’ll keep this short!

Affiliate marketing is the best method if you’re already on a tight budget. But you do need some creative and marketing skills here, or just ideas. I usually do this through the internet, since it’s so much easier, but it can be done in other ways.

You know all those annoying ads you see on the webpages you visit… that’s one area of affiliate marketing! Each time you click on one of those ads or buy something through them, the webmaster (website owner) makes a commission. Now you could make a webpage and fill it full of ads, but then nobody’s gonna visit your site, because they’ll hate it.

So another way would be to create a webpage (which can be done through WordPress or if you’re cool like me, code it yourself) and on it promote a product. Say it’s a fishing site, on this site you have an area where people can browse fishing rods they can buy. If they click on it and are redirected to the merchant’s page (like Amazon), then you’ll get a set amount of money from that. Even better if they buy, because you get a commission on their purchases.

Investing Smart

Successful investing is smart investing. Investment is all about making the right choices, so that not only are you able to satisfy your immediate needs and requirements, but are also able to ensure the same for the medium and long term future. Just as no two individuals can be exactly the same, the financial needs and investment patterns vary from person to person. However one can follow certain definite markers to ensure that the path taken is the right one.

Understand Your Needs: Investment goals come with different time frames and different objectives. One may invest for a short term goal like buying a car or even a holiday abroad. On the other hand, one could consider a long term investment plan to cater for the period when one has retired from work. How much one is able to commit to investment is dependent entirely upon one’s risk taking ability.

When it comes to risk taking there is some truth in the adage that greater the risk, more the reward. That does not however mean that one should be reckless. Everyone possesses a risk threshold that they will not consider crossing. Factors like the level of a person’s income, one’s net worth, one’s ability to understand the investment scenario and the objectives behind investing drive how and how much a person invests.

Early Bird Catches The Worm: The younger that one embarks on one’s investment journey, the better are the gains. The compound interest that you will make as a young man would fetch quite impressive gains by the time you started getting along in years. For instance if one started investing $93 every two weeks starting age 25 one would reach an amount of $500,000 when one hits sixty.

This is a painless and easy way of building up a fine retirement fund. At age 25 if you are not married; you would hardly have any major expenses to worry about, and could afford to put away some money. As the years go by your responsibilities and expenses will increase, but so will your income, and you will not feel the pinch of the regular installment you committed to paying when you were so much younger.

Invest Regularly: This definitely makes a lot of sense for most people considering that it is far easier to invest small sums regularly than investing a large sum at one go. Firstly one might not be able to afford the latter and secondly one does need money for things other than investment, which will get tied up in large investments. Also it gets you used to the idea of setting aside a certain sum of money regularly. Monthly and quarterly investment options, where a certain fixed sum gets debited from one’s account regularly is a fine approach to take.

Spread your investment: That you don’t put all your eggs in one basket, applies to investment more than it applies anywhere else. Taking care to spread one’s investments over a diverse range of options will both reduce your exposure to risks and optimize your long term returns. You will be better inured against downturns in any specific sectors. So even if a part of your investments takes a temporary hit, there will be the other part still working well for you.

Track your investments: Your investments come out of your hard earned money, and you should therefore track them with a hawk’s eye. An annual appraisal, either with the help of a finance industry professional or on one’s own is very much in order to see that one’s investment objectives remain on track. There is nothing that stops you from recasting your goals in light of the changes one goes through in life over a period of time. These may be on account of personal milestones like marriage, children’s education, impending retirements or even the prevailing market situation. The idea is to guard one’s money zealously and make every penny count.

Make the right kind of investment: One needs to make different kinds of investments for the short term and the long term. Short term investments need to be less risk averse and easily encashable. The latter type of investment on the other hand need be of the late maturing growth oriented type.

Sound investment may not be rocket science, but one would be amazed at how often people, who should know better make a hash of things. The above steps can be used as basic template for sound investment. As one goes along the path of planned and systematic investment one is better able to understand the finer nuances and nitty gritty of the process and obtain optimal results.

What Is Intervesting?

Intervesting is the Art of Finding, Evaluating & Buying highly profitable websites businesses as an investment strategy.

OK, I want you to think of ‘Intervesting’ as a real life monopoly game, where the streets are websites and the object is to get as many good ones as you can. The houses and hotels are the traffic, the more houses and hotels, the more money you will make, and the way you move around the game is determined by you ability to adopt and utilise this system.

Another way is to think of a website as the online equivalent of commercial properties and businesses, this will help you to understand the true potential of this strategy.

Think about this… If you have a store in a place where there are lots of people going, like in a busy shopping mall and you fill it with things that the people going to that shopping mall want to buy… then you are bound to make money.

Then you have to ask yourself this question…

Why build the shopping mall, the store, and the goods to sell in the shop, when you can simply go out and buy one that is already open, running, and making money!

Unlike real estate, you can get started in Intervesting with as little as $100 or you can throw millions at it.

It’s an investment strategy that can work for almost anyone.

There are amazing opportunities out there right now; sites that will pay for themselves in 3 months or less and will then keep making you money on autopilot for years and years to come.

So come with me now and discover this brave new world of Intervesting, you will never look back!

The heart of this system is this…

A step-by-step process that will teach you how to:

  • Find an existing, well established and operating website.
  • Analyse its potential, its time demands and it’s profitability
  • Negotiate it’s purchase & get the best deal you can
  • Verify the details
  • Buy it, transfer it, host it and promote it
  • Earn good money from it, in fact an amazing return (when you get it right)
  • Identify and implement ways to get it to make even more, and then
  • Rinse and repeat the process and start looking for the next one

With Intervesting, it’s not so important to manage your time, mostly because you will find yourself with more time on your hands. You see, websites are much much easier to run than real world businesses

Avoiding the pitfalls can be a challenge, if you don’t take the time to learn what they are, but after you have done this, and really it’s only a few weeks of research, you will find yourself in an amazing of being able to work fewer hours and earn more from those hours than you ever thought was possible… And you have the chance to create a lifestyle that can be whatever you want it to be!

Why is Intervesting unique? It is unique because every system I have ever come across showing me how to make money online was based on starting from scratch and building your Internet Empire from the ground up.

I am going to level with you; I got into Intervesting because I just didn’t have the patience to start up a new online business from nothing. The competition is fierce, there are millions of other internet marketers trying to do it right now, as you sit here reading this article, they are toiling away, researching keywords, writing articles, backlinking, social booking and using so many other techniques, to promote sites that no one knows anything about. Sites that before today did not even exist…

The hard truth is that building up business to a site that has only just been created takes lots of time, energy, and yes, money too… And when you have invested all of these, there is still no guarantee it will be profitable.

So, if instead, you just go out and look for a site that is already doing good business, a site that has already proven itself and is earning real quanifiable profits (and often very high profits) and you simply buy it, then instead of taking months or longer to see your first dollar in return, you can be making money from the very first day.

But, and yes there is a big but here that we need to talk about… If buying a website was a simple exercise, like buying a bottle of water, then there would be no reason for me to write this article. The truth is it is not a complete no brainer, there are many pitfalls and many ways to get it wrong and this is why I have written this article for you. To make sure that you are aware that they exist.

Too many times I see people bidding on websites in some of the website sales networks, that they really shouldn’t even be thinking of buying… and I wish I could have just 5 minutes with them to explain to them WHY they shouldn’t be. I know I could save them a lot of trouble and probably save them a lot of lost money too!

You can make a lot of money very quickly with Intervesting, it really is one of the best ways to make money online, but you have to know what you are doing and especially what not to buy, when it comes to Intervesting.

Eric Roberts,
Founder, The Intervestor – Helping You To Live Your Life Your Way

Eric discovered a way to guarantee success in making money online a few years ago and decided to share this with other people and create a community of success. With a background in business, he has help many people to create financial freedom and self determination.

Top Five Myths About Business in Emerging Markets

Emerging markets simply refers to the BRICS countries.

The term covers so many more markets that just Brazil, Russia, India, China and South Africa. Further countries are seeing an economic transformation, including the Philippines, Indonesia, Nigeria and Ethiopia (or ‘the PINEs’). Fueled by a growing middle class and strong economic performance, as well as advances in technology, improved healthcare and education, these countries are experiencing their own business boom.

Only big businesses can succeed in emerging markets
It is easy to assume that only large, well-known companies can survive the move into emerging markets. This is not the case. Smaller businesses have the opportunity to become part of a developing economy, to provide consumers with new services on a more personal level and to work with local companies to expand alongside the country’s economic infrastructure.

Internet penetration is too low for online growth.
Internet penetration in developing countries is increasing every day, with the smartphone adoption rate growing nearly twice as fast in emerging markets as it is in more established markets (KPCB). In the Middle East, 95% of Jordanians now own a cell phone, and in a recent study, Jordan ranked second in Internet usage in the Arab world.

Emerging markets are just too risky.
There are always risks to consider when investing in a new market, however developing countries provides exciting, new investment opportunities. For example, in Emerging Trends in Real Estate Asia Pacific 2014, a joint report from the Urban Land Institute (ULI) and PwC, the Philippines’ capital of Manila was ranked in the top five cities in the region for its investment potential.

It’s all hype.
These increasingly buoyant economies are creating great potential for businesses. As underdeveloped countries become more developed economies, businesses have reason to be extremely enthusiastic. Whilst there are challenges that must be taken into account when strategizing a move into an emerging market, vast opportunities are being created – as long as strongly researched decisions are made and realistic strategies are in place.

The important thing is to ensure you do research using the internet and also from stories published concerning development in countries of your choice. You can get more information from online journals also.

Globally the world is becoming smaller with the advent of the internet and thus we can have most of the information we require about developed, developing and underdeveloped countries. Most of the emerging markets are small to midi countries.

Which Is the Best Day to Invest Your Money?

Many people have a strong belief in the power of planets, stars, comets, etc. That is why they wait for the auspicious time and moment, for practically everything that they do. Similarly, they have inauspicious periods too, during which all important decisions and purchases get deferred.

This is true for their investments too.

Well, my domain knowledge does not encompass the heavenly bodies and their likely positive and negative impact on our lives. As such, I am not the right person to comment on these so-called “astrologically favorable” days.

But yes, based on my many years of experience on this planet earth, I have identified some of the “financially highly fortunate” days to profitably invest our money.

I share these with you, so that you too can turn lucky with your investments.

The day we have ample time

I would strongly advise you against taking any investment decision if you are hard pressed for time. Mistakes multiply when you can’t give your undivided attention and time to study the investment that you are considering. And these errors and omissions often prove to be very expensive. In fact, the best trick up the fraudsters’ sleeves is to offer you schemes that close in a day or two; leaving you with no time to think. So, make sure that you make your investments on the day you are totally relaxed, with no time constraints.

The day we have ample information

The most irresponsible, unwise and foolhardy thing to do would be to invest your money in a product with only a limited knowledge about it. If fact, in my opinion, you would be doing the greatest disservice to your family’s well-being if you do so. Moreover, nowadays unlimited and free information is available on the internet. Hence, there is simply no excuse to not getting all the relevant details about any investment before committing to it. Many losses can easily be avoided by getting the right inputs. As I once mentioned… Know or No!

The day we have ample trust

As with any vocation, you will come across both good and bad bankers, brokers, agents and advisors. Given that your hard-earned money is at stake, you can’t afford to be naive and gullible. It would be very dangerous to blindly trust anyone in such matters. However, there is no magic formula to verify someone’s trustworthiness. It only comes with time. So build your relationships slowly and with small amounts. We have to manage our money for many decades. So investing a few years in building honest and reliable alliances, would undoubtedly be the best investment.

How to Invest in Bonds for Deflation Protection

The four asset classes in a Permanent Portfolio include stocks, bonds, cash and gold. Each asset class hedges against one of the four economic conditions: inflation, deflation, prosperity and recession. We initially invest 25% each into each asset class and then rebalance the whole portfolio when one of the asset classes reaches a 35% or 15% rebalancing trigger. Using the Permanent Portfolio Investment Strategy provides us with these benefits:

    1. Great returns: it gained over 8% per year over the last 40 years with low volatility.
    1. Diversification: using multiple asset classes helps mitigate risk as we are not putting all of our eggs in one basket.
    1. Economic condition allocation: each asset class behaves differently depending on what is happening in our economy. Stocks are for prosperity, bonds are for deflation, gold is for inflation and cash is for recession.
    1. Low cost: we can implement the Permanent Portfolio with an annual cost of only 0.15% vs. the industry average of 1.03%. This puts more money in your pocket and less in theirs.
    1. Reduces investing fear and greed: because we are using a systematic approach to investing, we are taking emotions out of the equation. Emotions are your biggest barrier to investing success.
    1. No market timing or guessing which asset class will outperform. It doesn’t get any easier than this.
  1. Easy to manage: the Permanent Portfolio is a low maintenance strategy; it will take you only a few minutes each year to self-manage your investments.

We only buy long-term nominal treasury bonds with maturities of 25 or more years for the Permanent Portfolio. No TIPS, corporate, municipal or foreign bonds.We use treasuries for safety reasons and they help mitigate the following risks:

    1. No default risk. Governments can print more money to pay their obligations.
    1. No call risk. These bonds are not callable like some corporate or municipal bonds can be.
    1. No currency risk as these bonds are denominated in your local currency.
  1. No outside political risk.

We hold these treasury bonds until they reach 20 years left to maturity. We then sell them and then buy new long-term bonds. While we hold the bonds they are paying us interest income. We allocate this earned interest income to our Cash asset class. There is an inverse relationship between bond prices and interest rates. When interest rates go up, bond prices go down. And vice versa. We hold bonds for deflation protection. Interest rates fall during a deflation which cause bond prices to rise. If this bond buying and selling seems too complicated for you, explore using the iShares TLT which is a low-cost long-term treasury bond exchange traded fund (ETF). If you live outside the USA, you should be able to find an equivalent for your country. I hold the bonds directly and don’t use a fund.

Control the Investment Market

The act of investment is at its cornerstone, gambling. I might add so is life! We make choices, whether to smoke or not, engage in dangerous sports, gamble on marriage, even choosing friends. Investing for gain, is a parallel. A best guess of the future. What criterion should we use to tip the scales in our favor?

The people are important! The issuers or advisors of the offering, as well as the management personnel of the business we are investing in. Usually, we are advised by a person we went to school with, maybe a trusted family friend or contact we have known who is reliable. In this “new investment” market we are somewhat vulnerable. With internet and high-speed communication opportunities are here now, but gone tomorrow, the pace is frightening. The new investment market is world-wide, making investment friends needs be almost a “warlike” exercise. We have to make fast friends to survive, and prosper. When everybody says “do it now”, instead slow down! Make your first determination based on the people involved. No right-minded advisor should assume you are going to invest immediately. I would like you to have conversations, see some correspondence, understand the mindset and goals, before investing.

Understand the investment. Do not take assurances from those who proposed to be competent. Make sure you understand. Ask questions specifically and repeatedly. Will all questions be answered affirmatively? Probably not. There are certain generic risks, both in time frame and yield spread, everyone in an investment should be conscience of. Inability to satisfy questions will not necessarily dis-qualify the investment opportunity. Personal determination, sometimes a forgotten item these days, will benefit you.

Controlling your investments means knowing your investment pace. How long is your investment time frame? Are we seeking the long-term accrual retirement income or short-term monthly income stream? Anything over 10 years is long-term investment. We should be conscience of interest rate variables, time vs. money decay should be adjusted and thought out. As we sort out our personal investment agenda, we turn our thought to the prospects which we can invest in. Not all good or great investments are suitable to each investor. If you have college tuition to be prepared for in two years, a five-year investment overlapping this event will not be advantageous. I would not assume I could borrow or sell this investment on suitable terms to accomplish this. With work, wide variety of investments can mitigate these issues. This can be long-term growth stocks, bonds, short-term equities, or C.D.’s, or whatever tickles your fancy. Unfortunately, investing in the right securities is just like work, It might be tedious. Your money will go out and reproduce itself, but it will need guidance from you!

What Would Negative Rates Mean for You?

It used to be that you worked hard, saved your money, and then when you retired, you lived off the interest of your savings. Today, global central bankers are changing the landscape, where already in 15 countries, the term negative interest rates is a reality.

Japan is the latest country to do this, following Europe, as the largest economies to now have negative interest rates. And make no mistake, every other central banker, including the US Fed, & the Bank of Canada, is considering doing the same thing. So what does this mean for you?

Imagine that you have worked and saved all your life, and are now looking to retire, and live off your savings. If negative rates are imposed on us, instead of earning a decent return on your money from the bank, with negative rates, you would actually have to pay a penalty to leave your money in the bank. As bizarre as this sounds, it is exactly what is happening in over 15 countries today, and it is very likely coming to North America soon.

Why are these central banks doing this? Basically, the only solution that they have managed to come up with to reinvigorate an economy has been to lower interest rates, and pump over $12 trillion globally into assets.

The idea with low interest rates was that with rates low, businesses would borrow to expand their operations, while consumers would use low rates to borrow and buy homes, cars, and other big ticket items. All this borrowing and spending, theoretically, would create new jobs & grow the economy.

The only problem with the theory is it didn’t work; businesses didn’t like all the talk of increasing taxes, so they didn’t expand their business. In fact, most businesses cut and slashed jobs to avoid losses. Consumers also didn’t like all the increases in taxes and fees that governments were implementing, so they cut their debt load rather than increase it. So at the end of the day, all that stimulus that global governments piled on, didn’t achieve the desired results.

Even though negative rates didn’t work, these central bankers are now venturing below zero, and have introduced what a few years ago would have seemed unfathomable, negative rates.

Negative interest rates are a sign of desperation, a signal that traditional policy options have proved ineffective, and new limits need to be explored. They are a tax on deposits. They punish banks that hoard cash instead of extending loans to businesses or to weaker lenders. Rates below zero have never been used before in an economy as large as Europe or Japan..

The logic is that with rates below zero, businesses and consumers will finally borrow. Are we going to see a scenario where your take out a mortgage, and instead of paying interest, you actually get paid?

As a consumer, are you going to leave your money in the bank and have to pay a penalty, or do you decide to make some purchases. For seniors, what do you do with your savings, leave it in the bank and lose money every year, or do you take it out and hide it in your back yard? In Japan, there has been a massive run on safes, as people are taking their cash out of the bank and keeping it at home.

To deter people form withdrawing their money and hoarding it, instead of spending it, central banks are now removing large denominated bills, such as the €500 in Europe, & the $100 in the US. They claim that they are doing this to fight terrorism, but it seems a little too much of a coincidence that they are doing it just as negative rates are being implemented.

By eliminating large bills, it will become very difficult to hoard cash easily.If banks add a small 0.25% fee on deposits, it means that if you had $500,000 and left it in the back for a year, at the end of the year you would only have $498,750. It would have cost you $1250 for the privilege of keeping your money in the bank. So the temptation would be to move your money out of the bank, but by eliminating large bills, you would need a lot more space to stash you cash.

Globally, there is now over $8.3 trillion of Government bonds that are paying 0% or less. There is $5.5 trillion that is paying negative yield, meaning that about one quarter of all global bondholders will end up paying their government custodians for the pleasure of parking their cash in the “safety” of government bonds.

These latest moves by central banks of negative rates, and eliminating cash all feed into the growing trend of a loss of confidence in government that will lead into a massive Sovereign Debt Crisis.

As all of these events play out, we will see more and more capital pull out of the perceived riskiest areas, and into the perceived safest areas. Ultimately, that means out of public investments (gov’t bonds), and into private investments (stocks, commodities, precious metals etc).

The Smartest Ways You Can Invest Your Money

Everyone should think about the answers to those questions, because there comes a time when money will be needed and some people will realize that their savings aren’t enough to cover the expenses.

There are three things to invest in.

1) Health Insurance

Health insurance is the most important one. You never know what the future holds when it comes to health. You can try to live a healthy lifestyle, but sometimes viruses, bacteria or other problems may cause problems that may require urgent treatment or medication.

Don’t let health problems catch you unprepared. Pay your health insurance and have all your medical expenses covered. Good health allows you to work at maximum efficiency, allowing you to earn enough to save even more.

2) Profitable Assets

If you wish to start a business or invest into other businesses in order to gain more profit, make sure that what you invest in is a good long-term investment. Investing in the right assets will allow for more savings for future needs. Your first option is to observe which businesses are the most successful and have the least competition. These types of businesses are worth investing in or getting involved in.

Your second option is to find a business that comes up with something original and buy it. This is how some companies acquire rights to video games or other software for example. Alternatively, if you have an idea for starting an original business or creating an original product, try to deliver the best quality by using the cheapest tools that will do the job.

3) Retirement

You have to think of the future, when you will be old and possibly unable to work. Or maybe you wish to relax and no longer work for the rest of your life once you retire. Saving up when you are young and capable of working is highly recommended.

The 401(k) saving plan is very useful for putting money aside for retirement; however, not everyone is eligible for this plan. If that is your case, then make sure to open your own saving plan. The earlier you start saving, the more likely you will be to cover enough of your daily needs of your retirement life, as well as extra expenses.

Save efficiently.

Avoid impulse buying. If something isn’t needed and brings zero profit, it is a waste of money.

Do not rely on fast foods and restaurants. Instead, cook your food at home to save money. Leave restaurants for special occasions.

If you have vices like smoking or alcohol, either quit them or reduce their use as much as you can. You would be surprised how much money you could save per month if you take these expenses out of the plan.