Rumiko

Lost Secrets of Making Money In Today's WorldPart Three

Earlier, in Part One and Two, we talked about the principles and concepts of creating money and that leads to vast wealth. As a refresher, here are the topics again:

1.Knowing Value
2.Practicing Conservatism
3.Paying Yourself First and we touched upon,
4.LEVERAGE and REINVESTMENT

LEVERAGE

Now, I am are going to talk about Number 4., so lets proceed.

Like a lever that can move large masses very easily and accomplish more in less time, so you too can create wealth faster with leverage than with savings and the practicing of conservatism. Conservatism is not wasting what you have.

Working for an hourly wage is not going to make you wealthy and practicing conservatism would just keep you going on and make ends meet and perhaps live very well. However, you will not amass great wealth.

For that, you need to create leverage. Leverage is the art or technique you can use to create or formulate a system whereby youll generate MULTIPLE STREAMS OF INCOME by earning a portion of the revenues generated from projects.

A good example might be as follows:

You wrote a book, and negotiated with your publisher who thinks you have a No. 1 best seller on our hands. He accepts all the risks and finances the publishing of the book and market it on the premise that you collect 10% from gross sales. Whether it is a winner or not, you get your 10% of the gross sales according to contract and all you did was wrote the book. This is a form of leverage. The money you earn from this could well be several times more than youll earn in a whole year. This is the power of leverage.

Another example: You created a machine or product -- physical or chemical- like a shampoo spray, bathroom cleaner etc., and you arranged with a manufacturer to make it in large quantities and then distribute it to thousands of distributors throughout the countryor the world. Your take in this, like before is, say 1 to 5 percentage of the revenues. By now you can see how easy you can become a multi millionaire from these types of leverage techniques. Youll never have to work another day in your life if you set up a system like this for yourself. You can learn a new craft, trade, use your inherent talent to create products and services for sale and you will surely come up with a winner if you keep at it.

In a minute Ill show you how you can set one up for yourself with a little effort on your part. You do not have to create a vehicle to financial success, one is already created for you. All you will have to do is make it work. Well show you how, every step of the way.

This is the real secret to creating great wealth money to burn etc., or whatever you want to call it. The secret is to put little effort to gain the most output. Youll learn how to invest in several projects and youll see how 20% of your investment will generate 80% profits for you. You work smart, not hard. Work less. Make more.

REINVESTMENT PROGRAM

Now, suppose that you have created a product or service using this leverage system. And, your money in the bank is generating interest upon interest compounded daily, quarterly and yearly. Soon, youll have a tax problem. You are earning too much money and Uncle Sam will want his share. You will now have to scratch your head to lower your taxes. Your income will soar to the moon and you will have to seek tax shelter and occupy yourself with protecting your income.

To combat this problem, you will have to find new investment vehicles that will protect your income for many years to come. You will be looking at long term investment funds, Trust funds, Equity Protection funds, reverse mortgages, treasury bonds, gold, silver, and other precious metals, re-investment in large a shopping centers, antiques, art collection and more, just that you protect your current and future income.

But, however you cut it, you will still have to pay Uncle Sam some of it by employing legal Tax Avoidance strategies, despite the creative tax accounting that you may employ.

But, all in all, it is better to have all this money available to live an abundant life and pay Uncle Sam his share, than have to pinch pennies to live and end up in poverty. One millionaire I know said that he could never use all the money he has accumulated, but it is nice to know that it is there if you need it.

So brace yourself, and get ready to put this LEVERAGE vehicle that is already set for you to achieve all the financial outcomes we described above. Youll enjoy the thrill and the ride.

The Faster you start the quicker youll be looking to start a reinvestment program as described here. But, by then, who cares, when you have vaults of money that keeps piling up.

Click the link below and take a tour to a wonderful world of wealth and prosperity.

posted by philidadvvoo @ 2:03 AM