Your Investment Success Now!

In the e-book “What I Didn’t Learn At School But Wish I Had” (get your free copy here: www.InvestmentSuccessNow.com/freeebook.html), Jamie McIntyre sets out the 8 Steps To Start You On The Path To Becoming A Millionaire. Step 5 is “Other People’s Money”. Here’s some of what Jamie says in the e-book:

“The fifth step we are going to look at is called OPM. OPM stands for Other People’s Money. To become wealthy you may need to consider using other people’s money and that is something we will look at later on.

Let me give you an example. Let us say for example you wanted $15,000 to invest and you did not have it right now. Could you go out and get a personal loan? If you have a job I dare say you would be able to get a personal loan or be able to borrow that money from someone. Let us say you were able to borrow $15,000 if this was appropriate for you. Let us compare that to Bill and Mary who did not do that. For Bill and Mary to save $15,000 may take them, if they are saving $100 per week, three years of consistent effort. If they are like most Australians, guess what they mostly will do after they start saving, they will then spend it on a holiday, another car or something insignificant.

So it takes a lot of hard work and discipline to save that up. But what if they were committed to investing and willing to borrow $15,000? Now, if they borrow on a personal loan that would probably only cost them around $75 per week to pay off. If they are already committed to saving $100 per week, that $100 per week they are saving could now cover the cost of that loan and it would not put any extra stress on them financially but what it gives them is $15,000 immediately to use for investing.

There are some financial strategies we will look at in a moment where $15,000 invested (for instance in the market with a low to medium risk strategy, if they were to do it according to the way I teach people) could generate anywhere from $300 up to as much, in some cases, as $1,000 many months of the year in additional cash flow. That is with less risk than most people are taking right now.

$15,000 can generate $300 to $1,000 per month in some fast track strategies with less risk than buying a car.

So you might say, “Jamie, can we move right on to that topic and show me how to do that.” Well, if you stay tuned we will go through that in some detail in the next few chapters. The point is to illustrate that using other people’s money, borrowing money, etc., if it is done smartly and wisely, can increase potential returns - however it can also produce a negative return if done incorrectly. Most will say, “I am not going to do that, it is too risky to invest in the market”, but how many people will go out and borrow $15,000 or more for a car? And what do we know about a car, a car is a classic poor investment. As soon as we drive it out of the showroom door we lose 20%. Within 5 to 10 years what is our $15,000 car worth? Could be down to say $5,000 or less, therefore, we have lost a considerable amount of money. Plus does this car, every time you drive into a service station, put money into your pocket? Obviously not, it takes money out of your pocket. Cars cost money monthly and they lose value. They are a guaranteed loss, but how many Australians have at least one or two cars? Many people, and they consider that smart. I realise a car is considered a necessity in Australia but really it is a luxury people get before they can really afford it. It is a complete waste of money for most people, yet the same Australians could go and borrow $15,000 to invest. Even if it was invested in the worst companies available on the market, they would still not perform as badly as a car over the next 5 to 10 years. We have got to look at our mindset. What is risky here? The biggest risk you will take with money is not investing and not saving, that is the greatest risk. When you are investing I agree you can lose. At times you will, but that amount can be manageable. You can learn to deal with that and you will be way ahead of someone who did not decide to invest.

Remember that I am not advising you what to do with these strategies. They are suggestions to consider. You need to adjust them to your personal situation and also consider whether you are willing to develop your mindset to have these ideas work for you. Otherwise, if you are not willing to, then the Money Magazine type advice is about the best you will get where you hope to retire in 100 years from now. Now there is nothing wrong with that advice. It is just slow and boring and is often offered by financial planners who made their wealth through selling advice and earning their commissions, or journalists who are yet to produce real life results. Always seek financial mentors who have real life results for further help, or attend seminars or home study courses taught by self-made millionaires to continually educate yourself.”

So, personal loans are certainly not right for everybody or for every thing. But, sometimes they can be great! So, if a personal loan would help you, maybe to invest in the Homestudy program as well as to give you some cash to invest with, then go to www.InvestmentSuccessNow.com/personalloans.html and download and complete the simple application form and fax it direct to the 21^st Century Personal Loan team.

Once you have the personal loan organised, then get in touch with us and we will get the Homestudy program dispatched for you so that you can start earning the extra income as quickly as possible.

Please note that personal loans are arranged direct with the 21^st Century personal loan team. We will have no knowledge or information about whether you have chosen to get a personal loan. Therefore, please use the contact information on the Personal Loan page if you need to get in touch with the personal loan team.

Ian & Liz

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