Wealth is a Choice

Wealth is a choice; what do people invest in now?  You can ponder this question for many hours!  What is the stock market doing and is it a safe investment?  Can I invest in other currencies and make money as the dollar declines, or that currency increases in value?  Can I invest in real estate and make money in today’s market?   You can probably think of about another hundred questions that people are having in this economy.

Wealth is a choice.  As I was reading another blog from the dealjoiner.com I was thinking of what a great idea he really has.  How many real estate investors use private money to make their deals happen? In buying single family homes,   some  give 10%, 15% or 20%  returns for their private money investors, they are  saying that they would double each persons money in the development they are doing.  Because they think they can pay each investor back within two years.  They  figured it out to be a 77.9% return on the investor’s money.  That sounds like a great investment to me in these economical times.

Wealth is a choice, I do not know anyone even in a good economy that was willing to pay 77.9% return on people’s money in two years. I understand the ideas because by doing it this way they can secure their money through liens on the property equal to double their investment, pretty smart concept I think. They talk about using a Roth IRA that is self directed to invest in this, and there are companies out there like Entrust that manage these Roth IRA’s for people.  I would called that building wealth by giving someone double their investment back. That means if you put in $100,000 you will get 200,000 back in two years or less, and even if it took them two and a half years to pay it back it would still be better than any return you can get in this economy.

And by giving you leans against a property equal to double your investment means to me you really cannot lose.  Because the land prices have almost hit rock bottom now, and it only will go back up in coming years.  And with all the development done, roads, electric, sewer system, etc., you now have a very valuable piece of property you’re holding liens against. The dealjoiner understands this and that’s why he’s willing to double each investors money.  So wealth is a choice, have you made that choice?  Are you looking for investments like this to build your wealth?

This entry was posted on Saturday, January 10th, 2009 at 9:50 pm and is filed under Building Wealth in Poor Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.