All about investment

By:Property Horizons .co.uk

Do you know the secret to Donald Trump's immense wealth? That's right, property investment, and I will be showing you how to plan your first steps to achieving the same.

It's so good in fact, that it is estimated that nearly 90% of the world richest individuals become rich by investing in property!

So let's find out exactly how anyone, including you, can plan for and build property empire, and make you a millionaire!

1.Finding The Time

Have you ever wondered why you are always working and never seem to have enough money?

The money I save allows me to purchase cash generating properties which means that I am not dependent on a 9-5 office job. I have more time to spend with the people I care about.

Previous to this, I would spend many nights thinking about what I had achieved that day.

There were days where I would work, go home, watch TV go to bed, work, get home and watch TV again.

Basically, I was in a rut.

One of the most useful things I found was finding the time to focus on the things that really mattered.

So how do you find the time. Let's have a look at some of the things that really takes up a lot of our time:

1- Watching TV.

2- Do less work and overtime

3- Plan your time more carefully.

Surveys show that after work and sleep, watching TV is the third main use of people's time.

Don't get me wrong, there are times nothing better than watching TV, but sometimes it can take up too much of our time.

Time is the most precious commodity. Personally speaking, given the choice between time and money, I will always choose time. After all there is an abundance of money, but only a finite amount of time.

What with the age of retirement continuing to rise and then pensions not being large enough for out retirements, people are increasingly thinking more and more about securing their financial future.

You owe it to yourself and your family.

ANYONE who can understand money and how to make it work for them, rather than them working for it, can become financially independent within 5 years.

2. Setting Goals

Let's imagine that two people are driving somewhere they have never been before.

The first driver sets off straight away as fast as he can.

The second driver first spends some time looking at a map and deciding on the best route to go.

Which one of these was able to do the journey in a easier and faster?

This is the same for property investments.

To be successful you have to declare where you are heading and set your targets.

Goals are important for many reasons:

a.They call you to action.

b.They help you make choices. Go for some things and reject others.

c.They introduce accountability.

d.They motivate you.

e.They increase your confidence to get you where you want to be.

When setting your own goals be honest with yourself. A great tip is to write them down on paper and refer to them. It's a proven fact that those with written goals perform better than those without.

A goal is a tangible result that is unambiguous and measurable.

Sir Alex Ferguson did not become one of football's greatest managers by telling his team to just see how it goes this year '...that `hopefully we will do well again'. He tells them 'by Christmas we will be in the top three and by the end f the season, on May 17, we will be number one!'

"I want to own 100 properties as soon as possible" -that's not a goal.

"I want 1,000,000 in my hank account by December 31, 2008" -- now, that's a goal!

Set yourself a clear, measurable goal now.

Then break it up into smaller, more manageable tasks so you know exactly what you need to do in order to achieve it.

3. Deciding On Your Strategy

Goals are WHAT you want. Strategy is HOW to get them

Here are some of the questions you need to be asking yourself when setting your strategy.

- Have I got my goals clear?

- Has someone I know double checked that my goals are realistic and properly set out and written down?

- How much do I need to make financially to hit my yearly goals? Break down your overall goal into smaller chunks..

- What kind of property investment meets my risk profile?

- What kind of property investments are going to help me reach my goals?

- Property investments can choose from include off-plans; buy-to-let renovations;

- How much time do I have on a weekly basis to make my goals happen?

- To whom am I accountable for reaching my weekly and monthly goals?

- What reading and researching do I need to do each week?

- What support do I need to buy in or nurture such as accountants, lawyers, finders, lenders and brokers?

Have I prepared a budget and a business plan?

For example, here was my goal when I first become interested in property investing.

Main goal- To become financially independent in 5 years.

Tasks needed to achieve this:

Education.

a- Take a course in property investment.

b- Read 5 books on the topic.

c- Join a property investment forum to learn from other people.

Money

a- Cut back on unnecessary expenses every month.

b- Save 40% of my salary each month, which was approximately 500 pounds at the time. This was to use to make property investments.

Investments

a- Purchase my first property within 6 months.

b- Purchase a new property every year.

As you can see, it helps to be very specific with your goals. If you can give specifics and values as this gives you something concrete to achieve.

Consider these two targets:

"Save money each month" is a little vague and might mean you only save a very small amount.

"Save 500 pounds a month" is more exact and also pushed me to be really careful with my money.

It was really hard work, but it means that I was able to put down a deposit on my first property within the 6 month time limit.

Once you have set your goals, review them every 2 weeks or so to see if you are going

Anything that does not fit all of these criteria does not even get considered further by me.

It's important that you think about your own.

4- Good Financial Ground Work

If you are managing your personal finances badly to start with, getting involved with property will not help.

Property is there to generate cash for you, so don't be borrowing unsecured loans. Property should also be sued as the collateral.

You need to sort out the cracks first so that when you do invest, the money you make doesn't fall through them.

Try to keep your property investment and personal use accounts separately. Use separate bank accounts.

Try to keep you personal funds and your investment funds separate. That way you won't overstretch yourself. You need to have a firm grasp on your finances to prevent problems

The simple answer that will solve all your money problems is to spend less than you earn and invest the difference!

5-Summary

Make time for your financial freedom. It's well worth it. You will be surprised to find that securing your financial future can be done in less than 10 hours a week.

Consider that this is less than a third of the time that the average adult watches TV each week.

Make goals that you are happy with and create a strategy to show how you are going to achieve it. If you can do this and stick to you plan, then you will have laid th4e foundations to creating your financial future and it will only be a matter of time before you make your first million with careful and informed property investment.


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investment property

By: Jim Wilson

Forex trading is relatively new compared to other forms of investment. Take the time to understand the key advantages to this form of investment. Keep an open mind and see how it may fit into your investment strategy.

The Forex trading system is a 24-hour based market, giving you flexible access to it at any time of the day or night. This differs drastically from the stock exchange, because there are no worries about the market closing when you still feel like trading. The market is continuously changing, online forex websites provide you with instant real time access to the market whenever you wish. This really helps in learning the market basics.

You'll also be provided with tools that will help you understand the mechanics of trading. This is clearly a bonus! You can practice your trading to your heart's content without risking any of your own money.

You can move from a novice to an expert in forex trading after you take advantage of the free demonstrations, currency trading news and free guidance provided by the forex companies. Once you feel you are confident enough to trade and invest a little amount of your money, sometimes in as little as $200, you can start taking advantage of the many forex trading benefits.

Because the forex websites shorten the learning curve associated with currency trading, you don't need your PhD in economics to be successful. Intermediaries, called forex brokers, will provide an access point to the currency market for you.

Forex brokers provide similar services as stock brokers. They will provide you with tips and advice as well as strategy information. The type of advice provided includes research methods and technical analysis data. Without a doubt, forex provides a great return on investment. It is no wonder that large financial institutions try to monopolize the marketplace.

Great results are still available for the small time individual investor, because of easy access to the web. The online Forex trading firms, as mentioned earlier, have been giving out free website tools for you to familiarize and navigate the whole concept of the market.

Your choice of Forex trading broker will largely depend on your need in the trading market. Many forex internet sites provide a bevy of tools for the beginning trader including detailed research, online trading simulators, and expert technical advice. In some cases these websites also provide access to professional forex traders, who will bring their expertise to traders of all levels. Everyone can try these tools to see if it meets their needs.

As you take the time to learn forex trading it opens one more investment door for you. As you continue to realize the importance of diversifying your investment portfolio, it may be a good idea to begin looking at what kinds of opportunities are available to you in foreign exchange trading. You'll be surprised to see who else is capitalizing on this market and just how easy it is.
The Forex market is not only the world's largest financial trading market but is also an extremely lucrative market. Find out more about the hottest investment revolution in the past decade.

Jim Wilson gives you more free information at Automated Software Forex. Search other helpful articles at- Automated Software Forex Articles. Click here http://www.forexminitrading.com

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