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Make Money Fast With No Investment-how Andrew Made $onezerozero,zerozerozero In six Months |
by:
Martin Thomas |
Andrew Newberry isdistant family friend that knew about my business acumen. He knew how I had been in his position only twofour months previously and had heard aboutnew life I was leading withwealth I had generated. I could hearearnest desperation in his voice, when he asked me "how'd you do it Jack"? His question was open and sincere. In my eye's he was atpoint where there was only one direction for his life to go...up.
Andrew needed to make money fast. His family were in danger of losingroof over their heads and although Andrew workedfulltime job, there were difficulties that created this current crisis.
He couldn't understand how I had done so much considering my humble beginings, while he had worked at his current job for over onezero years and was saddled withdifficulties he was currently experiencing. He told me he had no money to invest or anything like that, but could I advise him on what if anything was possible.
This was my response to him.
You see, what he was asking me specifically was, "how do I make money with little or no investment" My mind ignored his emotional pain and focused onreality. That isreality of what he needed answering.
Talking about Real Estate investment or anything that neededcapital injection was futile for Andrew, he needed to hear something different. This is what I told him to do, step by step. I told him that if he followed these two steps, he would have $onezerozero,zerozerozero within onetwo months. He did it in six!
Step one, getlittle money. Not much needed,few hundred dollars would do, but he has to find something asseed capital account. I gave himURL ofbroker that does paid surveys online. These brokers represent companies that pay ordinary people for their opinions. They typically pay between $fivezero-$threezerozero per hour. He got his wife busy doing these throughday and evenings, they had $onezerozerozero within two weeks.
Step two, Go Shopping I explained to Andrewmechanism behind my success. Compounding, intrinsic value, leverage, rapid capital gains, pyramiding profits. I then asked him to compound that thousand dollars by threezero% onenine times. In other words, I told him to find onenine investment-objects that were for sale that he could buy, that had at least threezero% or more spare intrinsic value.
Intrinsic value is everywhere. Whether you are buying New York sky scrapers of marble pool tables or Bertram boats, every market haspercentage of sellers offering their goods at well below market value.
Andrew started with old cars because he wasmechanic and now he hadgame plan he was going to compound his money with his existing skill set. He traded up and up until he had $onetwo,zerozerozero in six weeks.
Get your calculator out and see how he did it, how he evolved his money withouthitch. Start with onezerozerozero then multiply by "one.three" which issame as threezero% Don't press equals, just hit "one.three" and multiply symbol again. Do that onenine times.
When Andrew sold his last auto deal, he was ready to get involved in Real Estate. With $onetwo,zerozerozero it was not much but it was enough to start applyingsame principles with Real Estate. This is where his compounding really escalated.
It escalated, because now he was using leverage....borrowed money. He called me onday he was ready to start compounding with Real Estate with another problem. As I advised him "get into Real Estate Andrew as quickly as you can, around$onezero,zerozerozero mark its time to get into that game"
He hadproblem. The houses in his area were dear, he couldnt see how having $onetwo,zerozerozero was enough to get involved.
I advised him that he should forget about houses until he had at least $fourzero,zerozerozero He should focus on raw land. Raw blocks are cheap, and easily re-zoned intohigher purpose. With justsmall investment atlocal town planning department he could re-zoneresidential intocommercial orother way around where appropriate. Its called"soft" or "paper" rennovation. No painting, no work, justfew simple forms andfee to pay.
Creatingnew use is just one way to add value to raw land, there are many others. Andrew researched and discovered them all. He stuck with land after all was said and done. He discovered buyinglarge block and subdividing it was very profitable. The second deal he did, he boughtblock of overacre, surrounded by established homes for $threezerozero,zerozerozero (withbank loan) It wascorner block and he split it into three handsome sized blocks, tailored toupper market. The first two blocks paid out his loan and put profits in his pocket,last block he used as collateral for another bank loan where he built his own beautiful mansion on.
He sold it forfinal profit of $threefivefour,zerozerozero
That was about eight months after our little chat on that cold evening.
To your health and rapid success.
Aboutauthor:
Jack Reynolds enjoys offering valuable insights about wealth creation. If you want to discover how to build your own money machine and you dont have much money to start with then follow this link http://www.opportunity-investor.com
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