Make Wise Investments

Investing is easily one of the most profitable ways to make money. If you invest in the right things, you could see the money you invest grow steadily. You do need to take into account the risks you’re taking, because investing doesn’t always end in success. The key is to learn all you can about the rules of investing, as well as the details of what you’re investing in. The following are some of the wisest ways to invest your money, but remember that your success in each area of investment will depend largely on your level of commitment. Real Estate Investment Investing in real estate makes a lot of sense, because property is one type of investment that regularly gains in value over time. Be prepared to learn how to manage your properties, or work with a property management service that can do it for you. Income streams from renting out your properties represent a great way to make money from this type of investment. You can also look into buying and selling property as the real estate...

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Learn to Invent

When you think of some of the world’s greatest inventions, you may or may not wonder about how much money their creators made off of them. Some did make a lot of money with their inventions (think of Steve Jobs, for example), but others didn’t know how to manage the financial side of their inventing. You may desire to create a great invention for the sole purpose of making people’s lives easier, and there’s nothing wrong with that. It’s a noble cause, in fact. But the truth is everyone has to make a living. If you make something great, but don’t make any money from it, how will you be able to fund your next invention? Marketing Your Invention Even if you create what you feel is a groundbreaking invention, you won’t make any money off of it unless you know how to market it. You have to help others understand how it will make their lives easier. People are comfortable with what they’re already familiar with and often have doubts about trying something new. You need to overcome...

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Buy and Sell Property

The idea of real estate investment was touched on in the first page of this blog, but buying and selling property is not exactly the same thing. Typically, when you invest in real estate it’s a long term process. You may buy a house or an apartment complex and then earn money by renting those properties out to tenants. Buying a house, and then selling it soon after for a profit, is often known as flipping. This method of making money requires a lot of confidence and industry know-how, but can be a great way to get that cash rolling in. How to Successfully Flip a Home The following tips will give you an idea of how to approach buying and selling property for a profit. Avoid properties that need a lot of work. Even though making big repairs can greatly increase the value of a home, it will take too long for you to get that home back on the market. When you flip a home, your focus should be on speed, not on earning the highest possible...

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Make Money through These Time-Honored Techniques

Recent News

  • Big Money — A Millennial’s 5-Step Guide To Managing An Inheritance

    Posted by Rick Banks on Apr 20, 2016

    No matter where you are in life or what age you are, receiving a large inheritance can be a life-altering event. But when you’re young and don’t have a lot of experience handling financial matters, it can become overwhelming. Feeling overwhelmed can lead to bad choices, so it’s vital to know how to manage your sudden windfall. How can you make the best choices, then? Here’s a handy 5-step guide.  Don’t Rush Many purchases, payoffs or investments can seem like good ideas at first glance. But avoid rushing into large decisions with your money so you can consider all the ramifications and options. Paying off your mortgage, for example, may seem like a wise investment. But deducting mortgage interest can reduce your taxes, so you may be better off keeping the debt. Taking time can help you examine your choices from all angles and do more research.  Hire Help If you lack experience with private wealth management, don’t hesitate to hire professionals to help you. Your team might include a certified public accountant, a lawyer, and a wealth manager or financial planner. Put this team in place as early as you can. By relying on a team, you can avoid falling for sales pitches disguised as investment advice and can pool opinions before making decisions.  Take Stock To determine how to spend or invest your money, begin by taking stock of your current financial picture. Do you have sufficient insurance? Are you paying interest on debt? What are your long-term and short-term goals? What priorities do you have in spending your money? What non-financial goals do you want to...

  • What Are The Differences Between A Personal And Small Business Bank Account?

    Posted by Rick Banks on Dec 26, 2015

    When you open a bank account for your small business, you may expect the process to go exactly the same as when you open a personal bank account. The truth is, there are some pretty big differences you need to be aware of. The Fees Are Higher Commercial bank accounts have additional fees for things like large numbers of deposits, and the monthly fees are higher and not as easily as avoidable as with personal accounts. This isn’t your bank trying to skim a portion of your profits, though. The truth is that bank accounts cost banks money to open and maintain. Whether you come to a branch or not, bankers need to spend time processing your deposits. With a personal account, the bank is hoping the costs are made up by you using them for credit cards, auto loans, mortgages, and retirement accounts. With a business account, there are less additional services a bank can offer, so they need to charge higher fees to directly cover their costs. You Need More Documentation Businesses are considered to be separate legal entities, so you won’t be able to open a bank account with just a driver’s license. Multiple layers of proof will be required. First, you’ll need to show proof that the business is properly registered with your state. This usually means having a certified copy of your certificate of good standing. Second, you’ll need to show proof of who has authority to make banking transactions on behalf of the business. This will often require a signed resolution by the listed board of directors — even if you are the...

  • 4 Things To Ensure You Receive A Great Auto Loan

    Posted by Rick Banks on Aug 31, 2015

    If you are thinking about buying a car, you likely are going to want a car loan in order to receive a nicer car that you can pay for monthly instead of all at once. However, you want to be sure you are making the lowest monthly payments possible. If you receive a high interest rate, then you can end up paying more than double of what the car is actually worth. Here are four ways to help ensure that this doesn’t happen to you: Fix Your Credit: Even if you only fix your credit slightly, you are going to probably get a better car loan. Check your credit to be sure you can make any changes that need to be made and that can be made quickly. There sometimes could even be errors on your credit report you will need to change. By managing your credit report in this way, you will be able to get a much better deal on a car loan in the end.    ​Make Good Financial Decisions: When it comes to purchasing a car, you want to be sure you make good financial decisions that are going to help make your payments lower, as well. For example, if you can afford a higher down payment, then this is usually better. You will see better monthly payments on a higher down payment. If you have no money for a down payment, then you can expect monthly payments to be at the highest point possible. Consider saving some money for a down payment if this is the case.   Consider Car Insurance: The next thing you want to do...


Investing in Assets

Real estate investments, the stock market, and even simple savings accounts are just a few of the wisest ways to invest your money. Learn about them here.

Learning to Invent

Your invention may change the world, but will it make you any money? Learn about the business side of inventing to make your ideas more profitable.

Buying and Selling Properties

Flipping homes is a great way to make money, but you must have an insider's knowledge of the real estate industry to make it work.