Category Archives: Retirement

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

Sources:

Advertisements

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

 

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

 

Sources:

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

Sources:

Our Food is changing shape

I have watched with fascination as the chefs on TV have brought the most strange food for us to eat…

Food that doesn’t look anything like in it’s raw state like the Magic mushroom starter Heston Blumenthal style
the first chef  to twist my foodie mind and included Exploding volcanoes!

Now if you have the inclination you can be like Blumenthal. Get yourself a 3D printer and print out a wide range of different foods,I have watched a face being printed on to a pizza and chocolate leaving a message on your plate

Now you can PancakeBot your pancakes!

This 3D printer moves, and works just like a normal printer, but instead of squirting out ink or some plastic substance, this one squirts pre-mixed pancake batter onto a hot skillet. You simply programme it by drawing out any shape you desire.

Check out the video below to see it in action, get inspired to design pancakes like never before eaten!!

What a great hobby to take up in retirement! Who knows you may even be able to turn it into  a fun way to make some extra income…

Go well and cook up a storm!
www.flipping2retirement.net

 

Sources:

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
Sources:

Boomers go Travelling in 2015

Do you like travelling?

I love visiting new places and even better if its a new country and culture!

It seems Boomers in general love to travel, as according to AARP’s member survey of 2014
* Boomers will make about four to five trips in 2015 and one-third of employed Boomers plan to work while travelling.

Doesn’t that just back up all that I have been saying recently about Boomers being great entrepreneurs and users of technology. How else could those statistics work?

This is exactly what I am doing with a little help from my mate Pete Carruthers. He’s not a real mate as we only have a student / tutor kind of relationship but I’ve been listening to his business guidelines for several years now and with the weekly webinars I do feel I know him well. I certainly trust him too guide me successfully into an online business.

It’s when you have an online business that you start to get the beginnings of freedom in your life. If you do your research well you are able to market whatever is your chosen product from anywhere in the world that has Internet access. Pete is regularly found in a coffee shop.

Online businesses come in many guises:

  • An online shop selling goods from a supplier
  • Selling and buying by using platforms like Amazon
  • A membership site where people pay you weekly, monthly etc for information
  • Sell your skills as freelance
  • Sell training of those skills or
  • Develop a course to sell
  • Blogging which can earn money if you Advertise on it
  • Affiliate marketing – when you promote someone else’s product and earn a commission if your referee buys the goods
  • Network Marketing

Obviously there are plenty of us Boomers who love the computer and have become entrepreneurial on the Internet. I love travelling around, logging in whenever I fancy, checking in on my business and either placing another investment, listening to a webinar,  writing to a client or even Skyping them.

Boomers were made to enjoy being retired and  wandering the universe all the while making sure they have a passive income to make it all possible.

If you haven’t started yet, give it a go it’s great fun and lucrative too!

Go well till the next time
www.flipping2retirement.net

Sources:

  • AARP.com

 

 

 

 

Sources: