Tag Archives: flipping property for profit

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




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

Is Your Financial Advisor Messing with Your Retirement?

Regular readers may know a little about me but when I saw an article the other day asking this question I thought, oh dear, I’m not the only one needing to make a plan.

More importantly, what are we all doing about it?

I do not have any resources to draw on other than my failing stocks, which are still tied up for another *** years. I cannot afford to put up my hands and say “C’est la vie!”not if I wish to eat once I retire! Much more importantly though, I have a pretty long bucket list that I would like to tick off satisfactorily.

So off to work I went.
The question is, what on earth is going to fill the hole in my current bucket which is loosing money at a disastrous rate?

I have scoured the Internet and read several books and taken several courses to best arm myself against more bad judgement calls.

I am currently on a course putting together the means for me to earn a reasonable passive income from the Internet with my long-time business guru Peter Carruthers. I did battle with an idea of what to do but now I’m busy researching my ideas to see what will gel. With Pete by my side I know it will work as he is passionate about helping us all have enough to retire on.

My Dad was a quantity surveyor and my brother is an architect and some of that seems to have rubbed off on me as I have always had an interest in property. It seemed natural to look too property for another string to my bow. I have done several courses but realised that the daily cut and thrust was maybe a bit too hectic for me so I looked for a simpler way to invest in property.

Fortunately crowdfunding has taken off in a big way and it has flowed into the property domain. This means I don’t need to find vast amounts of money I can invest my small amounts each month and draw out my percentage of rent payments or sale profits.
That is a really cool idea in itself but the best is that it is totally managed by a company not me! There are various companies to choose from but I found Flipping4Profit had an added tweak to offer. I decided (after much due diligence) to invest with them and explore their added extra which is simply networking the idea to others.

I’ve not stopped looking for other ways to create some income but having done the maths I’m satisfied that if I keep to my plan with these two income making avenues I should now be fine until the day I die regardless of what my financial advisor manages with the money I put into his hands!

I’m going to be OK, are you?
Go well till the next time



I cannot imagine life without the Internet

I for one love my PC, Cell Phone and Tablet

I may not be the most savvy user in the world but I use it regularly and cannot imagine life without them now even though I grew up with none of them.

I read that “60 percent of adults 65 years of age or older now regularly use the Internet according to Pew.

Apparently as a Boomer generation we are all staying pretty current of digital technology’s advances. I use it for this blog obviously but can spend hours on the Internet researching my family tree. I watch the occasional YouTube and have an app on my phone for just about anything I could think of to do from Codewords to watching live TV! My blog Apps Older People Should Know About showed a few basics.

Other Boomers I have been found:

One chap I see shares his family photos online. Rex Redstone is the oldest known Instagrammer at 85 and calls himself Instgram-Pa. He learned how to do this with Digital Eagle, a programme designed to introduce new users to apps and services that will enhance their daily lives.

I have also previously mentioned pensioners Skyping with young people around the world who are learning English and need an English-speaker to practice with. I love that idea!

Many Boomers are using it to generate income and have taken on board the myriad of Internet facilities including network marketing, affiliate marketing, Google ads to promote off/on-line businesses and the list goes on.

Boomer hobbies even use the Internet now. learning a language, reading, geocaching, and we are able to learn new ones all the time like arm knitting!

In fact I’m surprised that people are surprised that Boomers are following the technologies. heck if we didn’t we would be missing out on way so much. Of course bits of it will outstrip us but not all of it.

Keep enjoying the Internet, I certainly am!

Go well till the next time



Ways to Save For Retirement?

Have you suffered like my previous blog suggested from
analysis paralysis?

I took the big plunge last year – stopped analysing and went with my gut. Do you know what? It’s actually working out just fine.  Here are a few of the ways I used to stop researching myself into inactivity and to kick-start my saving and investing each month. My goal, which is 4 years away, is firmly being visualised.

I decided I wanted to use real estate to invest in but got very disheartened with how to get there but I found a way to START SMALL .  I started with just $100, you can’t get much smaller than that! It was such a relief to find I didn’t need $40,000 to invest. I have time to grow my savings. I will get to my goal figure even though I have started so small.

So the advice I have found is to set yourself a goal to save at least 10 to 15 percent of your income each month for retirement if you’re in your 30’s. If you are older and just beginning then you will need to invest more, 20-25%. If you’re able to do more, wow! Just do it!

The next important step was to START NOW. Hey, once you know you should be saving what on earth are you waiting for. Just do it, NOW! Do not put off retirement planning for your later years. It needs to happen now.

I also realised that I needed to GET HELP, I talked to accountants, real estate professionals, tax professionals, took a course or two. All useful in helping my decision making, simpler. There’s nothing wrong in seeking advice on your finances. It’s wise.

Having started, I have to keep going, it is important to MAKE A HABIT out of saving/investing.
Our savings won’t grow if we don’t make it part of our monthly routine. I found the more I do it, the easier it becomes.

TAKE THE RISK – All investments have an element of risk but if you want to make your money grow, you’re going to need to take a few risks. We have previously discussed how to use a balance of research and gut feeling to get it right for you. If you need help there is plenty out there, go and speak with a financial specialist on the best options for your goals.

Have you notice how rich people always LOOK FOR OPPORTUNITIES. So be awake, so as not to miss when opportunity knocks. See it for what it is! One opportunity if you work for a company could be the company savings platform. It makes perfect sense to use this to build your future pension because the company matches your savings. What shopper/saver can turn down an offer of 2 for the price of 1? Surely it has to be a no-brainer?

Of course you cannot do any of the above if you don’t BUDGET. You can’t save more than you can afford. I have read that a good rule to follow is the 10-10-80 rule–where you save 10 percent of your income, invest the other 10 percent, and live off the remaining 80 percent.

Finally, *Madamenoire wisely points out  that “If you don’t put away for your retirement, you aren’t going to have money for yourself, let alone people who might need to depend on you.

Hope this helps kick-start your savings Remember to  START .

Go well till the next time

Investing: It’s a Worldwide Phenomenon

 “I think it’s a worldwide phenomenon that people tend to only look at their financial affairs when they’re in dire straits or when there’s a significant life event that forces them to do so…” says PETER HEWETT MD, Efficient Group SA

If that is so how do we stop ourselves becoming a statistic? When should we start our financial planning?

We all know in theory we should have started saving with our first pay cheque – but life has a habit of getting in the way and we don’t always keep to the Grand Plan…

So what should I have in place as I roll towards retirement?

  1. An Emergency Fund – it should normally be around three months of your monthly income, to ensure that you can cater for those sudden unexpected short-term emergencies, 
  2. Make an Investment Plan – Create an investment plan so you have a disciplined approach to investing throughout retirement  (Tick)
  3. A Retirement Budget – You must come up with an accurate estimate of what you spend now and what will change after retirement. (Tick)
  4. Health Insurance Options – How to cover medical expenses and health insurance and included them in your budget? (Tick)
  5. Make a Retirement Income Timeline – Make a retirement income timeline to show  when different sources of income will begin matched against potential retirement expenses (Tick)

Well I’m on the right track – how about you?
I just need to keep to it now … watch this space I guess 🙂

Go well till the next time



Do you feel like you never have enough money?

This was too good not to share in its entirety – enjoy!

5 lessons property investors can learn from farmers

How often have you thought to yourself, if only I had more money, life would be that much simpler?


Are you constantly spending your salary the day it lands in your account and then eagerly waiting for the next pay day so your stocks are replenished and you can start consuming all over again?
This is the unfortunate reality of how most people survive.
They live to consume and in turn, are ultimately consumed by the driving need to earn more money.
However, the problem with this logic is that often, the more money that comes to you when you have this mindset, the more you will ultimately spend.

Farmers do things differently

Farmers are producers rather than consumers and work towards growing something from very little – a tiny seed in fact.

Smart property investors understand that they must nurture and grow their portfolio, producing the returns they desire in favour of consuming all they have, rather than ending up with nothing to show for it when they finally retire.

They share the farmer’s desire to see their efforts reap great rewards and understand the value of these five important farming lessons…

  1.  Look at your salary or wages the way a farmer looks at a seed.
    In other words, instead of focusing on consumption and spending, think about how and where you can “plant” that income to create a return on your investment. This will shift your mindset from wondering what you can buy with your money today to future asset growth, cash flow and income.
  2. Be patient and look after your investment the way a farmer tends his crops.
    A farmer understands the cyclical nature of primary production, nurturing his crops after planting and allowing time and seasonal influences to work their magic. As a property investor, you need to understand that long-term market cycles (as with the seasons) and time in the market will ultimately determine your capacity to produce a post-work income through real estate.
  3. Be selective with how you use your growing asset base, like a farmer is selective with his harvest.
    A farmer takes the best seed from the top of his harvest to put aside for next season’s planting. He certainly doesn’t scrape the bottom of the barrel, but focuses instead on quality. As an investor, you need to keep an eye on your growing portfolio and know when to take out profit. Now, here’s the important part – in the asset-building phase of your investment journey, you should only take out profit to reinvest for accelerated returns, just as a farmer re-sows the best seed to make sure each new crop is more bountiful than the last.
  4. Each new cycle (or season) should be seen as a chance to grow your wealth.
    The farmer never ceases to look for opportunities to grow his crop. When the next harvest comes around, the cycle is repeated and the accumulative effects of seed, plus time, plus harvest are repeated all over again. Like the farmer, you don’t want to consume the fruits of your investment labours, but continue to look for new buying opportunities that will enable you to use that good quality profit to acquire even more superior assets.
  5. Work your investment portfolio, the way a farmer works his land.
    The farmer does not sit back and pray that this season’s harvest will be bountiful. Instead, he is pro-active in nurturing his land and ensuring his crops are fed, watered and weeded as necessary. For property investors, the lesson is to be an active participant in the growth and sustainability of your portfolio. This means taking care of your investments, regularly reviewing their performance and protecting them with necessary asset protection structures, cash flow buffers and insurances. It also means keeping a close eye on the performance of your properties and, if necessary, doing a bit of “weeding” if you have under-performing assets that are threatening your harvest.

Remember, smart property investing is about the long-term returns you ultimately produce at the end of the day.

To find success in growing your own crop of high growth assets, you must change your focus from consumption to production.

It really is that simple.

Go well till the next time