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Make Money Fast With No Investment-how Andrew Made $100,000 In 6 Months
Andrew Newberry is a distant family friend that knew about my
business acumen. He knew how I had been in his position only 24
months previously and had heard about the new life I was leading
with the wealth I had generated. I could hear the earnest
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 at
a point where there was only one direction for his life to
go...up.
Andrew needed to make money fast. His family were in danger of
losing the roof over their heads and although Andrew worked a
fulltime 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 10 years and was saddled with the difficulties 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 on the reality. That is the reality
of what he needed answering.
Talking about Real Estate investment or anything that needed a
capital 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 $100,000 within 12 months. He did it in 6!
Step one, get a little money. Not much needed, a few hundred
dollars would do, but he has to find something as a seed capital
account. I gave him the URL of a broker that does paid surveys
online. These brokers represent companies that pay ordinary
people for their opinions. They typically pay between $50-$300
per hour. He got his wife busy doing these through the day and
evenings, they had $1000 within 2 weeks.
Step two, Go Shopping I explained to Andrew the mechanism behind
my success. Compounding, intrinsic value, leverage, rapid
capital gains, pyramiding profits. I then asked him to compound
that thousand dollars by 30% 19 times. In other words, I told
him to find 19 investment-objects that were for sale that he
could buy, that had at least 30% 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 has a percentage of sellers offering their goods at well
below market value.
Andrew started with old cars because he
was a mechanic and now
he had a game plan he was going to compound his money with his
existing skill set. He traded up and up until he had $12,000 in
six weeks.
Get your calculator out and see how he did it, how he evolved
his money without a hitch. Start with 1000 then multiply by
"1.3" which is the same as 30% Don't press equals, just hit
"1.3" and multiply symbol again. Do that 19 times.
When Andrew sold his last auto deal, he was ready to get
involved in Real Estate. With $12,000 it wasn't much but it was
enough to start applying the same principles with Real Estate.
This is where his compounding really escalated.
It escalated, because now he was using leverage....borrowed
money. He called me on the day 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 the
$10,000 mark its time to get into that game"
He had a problem. The houses in his area were dear, he couldnt
see how having $12,000 was enough to get involved.
I advised him that he should forget about houses until he had at
least $40,000 He should focus on raw land. Raw blocks are cheap,
and easily re-zoned into a higher purpose. With just a small
investment at the local town planning department he could
re-zone a residential into a commercial or the other way around
where appropriate. Its called a "soft" or "paper" rennovation.
No painting, no work, just a few simple forms and a fee to pay.
Creating a new 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 buying a large block and subdividing it was very
profitable. The second deal he did, he bought a block of over an
acre, surrounded by established homes for $300,000 (with a bank
loan) It was a corner block and he split it into three handsome
sized blocks, tailored to the upper market. The first two blocks
paid out his loan and put profits in his pocket, the last block
he used as collateral for another bank loan where he built his
own beautiful mansion on.
He sold it for a final profit of $354,000
That was about 8 months after our little chat on that cold
evening.
To your health and rapid success.
About the author:
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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