Category Archives: Boomers

Why Collaborate?

A brill article by blog.memphisinvest.com so I’m sharing it with you

Too often we try to do things by ourselves. Sharing credit and profits, after all, doesn’t appeal to most people. But collaboration, more than anything, can positively shape your success in real estate investment.

Why Collaborate?

Real estate investors flooded the market when the housing bubble took its toll. At the time, there were plenty of properties to be snatched up — but soon, that wasn’t the case. Some investors felt pushed out of the market, especially where things got competitive.

Surprisingly, rather than turning real estate investment into a survival-of-the-fittest situation, savvy investors and develops defied expectations and started to collaborate.

“Allied capital” is a strategy that could serve real estate investors very well. Why?

  • It combines multiple viewpoints, experiences and resources to make more informed decisions.
  • It builds relationships that can lead to new connections, deals and business opportunities.
  • Risk is diluted with multiple investors. This can also give investors the capacity they need to diversify.
  • Rather than create competition, you open yourself up to future collaboration and benefits.

Who Should I Collaborate With?

INVESTORS THAT SHARE YOUR OVERALL VISION
All investors have different approaches and perspectives to the business. Still, you can find like-minded individuals in terms of overall goals. If you’re on the same page at a fundamental level, differences will add perspective rather than create problems. While there will be challenges in any collaborative setting, being able to go back to a common ground will mitigate conflict and keep everyone anchored.

INVESTORS THAT YOU CAN TRUST & RESPECT
If you wouldn’t want your name associated with a particular real estate investor, collaboration is likely not a good idea. If you can’t trust or respect them, don’t work with them. Not only will this prevent you from getting burned in the end, but it will save you a lot of conflict, resentment and stress — and safeguard your reputation.

Have you taken an “allied capital” approach with your real estate investments? Share your experience with us in the comments.

Go well, Chat soon
www.flipping2retirement.net

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Laptop + internet = automated business

Not long ago, if you wanted to build a physical products business
you’d have to:

  • build a warehouse,
  • hire warehousing staff,
  • pack and ship orders,
  • and manage inventory yourself.

Not any more.
Because of massive changes in technology and available resources, you
can now build an entire physical products EMPIRE with just a laptop
and an internet connection from anywhere in the world.

In fact, Matt Clark and Jason Katzenback, have built their own
physical products businesses while living in France, traveling through
Thailand, South America, Central America, and the Caribbean… all
while helping other people build THEIR own businesses.

They just released the second video of a brand new four-part series.
This new video shows you how to find suppliers from all over the world
that are waiting right now for you to contact them and do business
with them. And you’ll learn how you can AUTOMATE this entire business
using Amazon’s resources.

>>Click here to check this brand new video out now (before it’s too
late)

Make sure you’ve watched the first video too
and see what all the BUZZ is about….

Stay tuned for the next two videos releasing VERY soon.

Go well
www.flipping2retirement.net

 

They Say: Not all your investments will be profitable!

I think we all go into investing with the idea that
we will make money!

In reality maybe that is a bit starry eyed, especially if you are not used to dealing in whatever investment you decide to invest in.

I got stung with some stock investments under-performing and not really understanding much about what they were or where they were. That was my reality check. It made me decide to do some research, do some training and to take more of a hands on approach to any future dealings with stockbrokers. I also diversified into real estate. Something I knew more about and could deal with better.

So  How can we learn from past investment blunders? 
We  need to learn from our experiences and according to FSPInvest the best way to do this is to keep a diary of all your investments. This could be in the form of a notebook or a spreadsheet.

You need to keep a note of the following:

  • Why you invested. – Was it because someone told you about it? Or was it down to research.
  • How much did you think you’d make from the investment? – Did you have dreams of making 200% or 300% on the stock? What was your exit strategy when you invested (for both losses and gains)?
  • When you actually exited the stock? And what were your actual gains or losses?

Their best plan is for you to  check your diary before you get on the phone to your stock broker to buy anything ever again as It might just save you from that blunder yet again…

It could remind you of  similarities with anything you’ve invested in before and if it does, maybe this isn’t a good investment after all.

Think I’ll stick with my properties… I like a bit of bricks and mortar 🙂

Go well till the next time
www.flipping2retirement.net

 

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7 Non-Chocolate Easter Gift Ideas for Kids

You want to give your child a memorable Easter, but you are concerned about all of the unhealthy calories in the traditional chocolate which shows up this time every year. Why not try some fun non-chocolate Easter gift alternatives instead? The 7 “un-chocolate” gifts idea below allow your child to enjoy an Easter celebration, without promoting unhealthy eating habits.

1 – Play-Doh eggs – Get your hands on some hollow, plastic Easter eggs. These are available at craft stores and big box retailers this time every year. Fashion Play-Doh or modeling clay into egg shapes and place inside the plastic eggs for a zero-calorie gift that your child can play with long after Easter has passed.

2 – Easter bunny ears – You can make your own rabbit ears at home, or purchase inexpensive ready-made models. Take some time to explain to your child how rabbits live and what they eat, and you may even be rewarded with a young carrot crunching Easter Bunny.

3 – Real eggs! – For hundreds of years, actual eggs were used to celebrate Easter. Hard-boiled eggs are fun for kids to dye and decorate, and then you can hide them for a traditional Easter egg hunt. Eggs are an excellent source of protein, calcium, iron, potassium, zinc and vitamins A, B2, B5 and B12, making a much healthier alternative to chocolate.

4 – Plastic eggs – We mentioned plastic eggs earlier for holding Play-Doh or clay. You can also place coins, a scavenger list, nuts and dried fruit in plastic eggs for a fun, non-chocolate Easter treat.

5 – Make healthy “non-eggs” – speaking of nuts and dried fruit, you can combine these healthy chocolate alternatives with whole grains and granola and bake into egg shapes. You can also shape healthy cereal bars into egg shapes and place inside plastic eggs.

6 – Head over to Kidspot.com – This wonderful, free resource for parents makes keeping your kids occupied without chocolate on Easter easy. On the website’s Easter Activities page, there is a slide show of 20 different Easter fun time games and projects your kids will love.

7 – Make an Easter Bunny omelette – Replace the traditional chocolate Easter bunny with an omelette! Purchase an Easter Bunny profile cut out or stencil from your local craft store. There are also cookie cutters made in rabbit shapes. Add your child’s favourite omelette ingredients and you have a healthy and familiar looking Easter Bunny that is nutritious and filling.

Hope you enjoyed the ideas and have fun with your children or grandchildren this Easter time

 

Go well till the next time
www.flipping2retirement.net

Retirement: 5 tips on how to save $1 million

I am always open to thoughts on how to best use my savings to grow themselves and I’m sure you are the same so when I read & heard this

Retirement: 5 tips on how to save $1 million

I was all ears! We are all living longer but we still want to maintain our own personal standard of living, as well as being prepared for any future health care costs. This is how to be like a good scout and “Be Prepared”

Five tips for saving a cool million by the time you retire.

  1. Start early and take advantage of the power of compounding.
    It only makes sense too make use of free money
  2. Have a plan
    It really focuses you.
  3. Take advantage of your company-sponsored savings plan
    Again the free money advantage. Jeanne Thompson, vice president at Fidelity Investments, says: “90% of the Fidelity millionaires are taking advantage of the catch-up provisions and many are saving up to the maximum. “They are milking it for all it’s worth.””
  4. Use automatic deductions for all your savings.
    If you stick a certain amount on a regular stop order deduction you can’t be tempted to spend it 🙂
  5. The stock market is your friend. You won’t get there just on savings alone,” says Thompson. “It does take some market action.”

Check out the interview with Jeanne Thompson here 

Robert Kiyosaki has his own views and offers this guide to wealth

Lets get our savings growing.
Click here to see how I am growing my investments to reach a million  …

If you could eventually make $4,000 per month with a $300 investment, would that make financial sense to you?

Go well till the next time
www.flipping2retirement.net

 

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The Transition Into Retirement

Unfortunately the transition into retirement is not always as serene as many of us Boomers thought it would be

A report released by Ameriprise Financial on February 3, 2015 taken from 1000 Baby Boomers who have already retired unearthed some interesting findings:
Quoted from Huffington Post:

  • 47 percent felt ready to retire but had mixed emotions
  • 25 percent made the point that they felt stress after being retired for some time
  • 21 percent were uncertain or realized that they were not ready to retire after the fact
  • 22 percent said that they were spending more money in retirement than they had anticipated
  • 24 percent came to the realization that hey had underestimated their income needs
  • 28 percent reported that they were spending less money than they had anticipated
  • 16 percent were forced to retire by their employer, or were offered early retirement incentives or lost their full time jobs

The conclusions drawn by these statistics is that

  1. You need to be emotionally prepared for your retirement
  2. It is important to be in control of your retirement decisions
  3. You need to have adequate retirement income in place

Hopefully the above stats will urge the younger Boomers to take steps now and prepare for retirement.
Make that PLAN to hedge against anything the world might have hiding round the corner to throw at you!  I can promise you it suddenly appears as if out of the blue and if you haven’t invested smartly you could be one of those statistics.

Go well till the next time
www.flipping2retirement.net

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To be successful in investing you have to start!

This is certainly true you do have to start!

I think a lot of folk are put off by not  believing they have enough to invest, I certainly thought we only had the pension. But I was wrong! I started with just US$100 and have slowly added to that each month. There is always a little over at the end of a month that I’ve managed to save. No coffees in restaurants, this month 🙂 It all adds up.

Then I have watched our pension being invested in the traditional way and thought but we don’t live in traditional times any more!
I personally think it’s time to rethink. So I have. I have looked around for other ways to make my money work for me in small amounts, purely and simply because I don’t have huge amounts

I found that I’m not alone. There are many investment houses opening up to the idea of crowd investing using comparatively small amounts of money, primarily in property but not entirely.

Crowd investing means you use smaller amounts of your money spread over many more investments giving you quite a portfolio.
It also means that if one doesn’t perform as anticipated only a small amount of your money is effected. I like that idea and I’m very comfy with the idea of sharing in the buying of a property with a gang and then sharing in the profits too.

In the UK with the new pension rules coming into play in April, to me it makes sense to hold control over your money on a shorter term than the normal stocks and shares allow. As I understand it investment in stocks requires you to be vigilant quarterly but to not really expect much till about ten years have lapsed. I know this is my very naive version but I also think I’m not alone. So to me to put my money into several properties that are either flipped or kept for only a couple of years as a buy and hold rental property makes real sense.

Chinese investors are likely to buy $20 billion worth of properties overseas in 2015, up 21% year-on-year, forecasts Jones Lang LaSalle.

The Chinese wouldn’t be spending so much if they were unsure – would they?They seem to be canny investors generally, so I’ll follow suit in, this year of the sheep.

Since I took control of our savings and I got educated I’m feeling confident that the choices I have made are good and they are certainly offering up some good profits to date. Way better percentage returns than any bank could offer and I feel more secure than leaving it to a third party investing in stocks

Go well till the next time
www.flipping2retirement.net
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