(Newswire.net — May 21, 2014) Edison, NJ —
Investing has always been an attractive way for individuals to grow their money for many reasons. Yet future prospects of more wealth can sometimes be lost in the emotional turmoil of decision making. Between fear of uncertainty or over confidence it’s important that any investor gets an education before getting start in any investment.
The video is catchy in the way it presents “17 Ways To Invest $1000 in 67Secs”
Some of the ideas presented in the video are known to many even newbie investors. But it also highlights one interesting idea that very few people are aware about, not even many financial advisors are aware of this method.
Depending on who you talk to Cash Flow Banking is considered by some to be a controversial method of investing, but when researching cash flow banking keep in mind that it’s one of the “little known strategies” that the wealthy use to setup their retirement, buying real estate and guess what it’s Tax Free and cannot be taken by IRS or any lawsuits.
But before investing in anything especially for newcomers experts such as John Mintum advice beginners to consider 3 things before they jump in.
- Do you have enough money saved up for emergencies?
Over 50% of Americans cannot come up with $2,000 in an emergency - Do you have a saving accounts?
Save up until you have 6-8 of expenses saved up before investing in anything - Pay off your debts first
Make sure to pay off your debt before investing as it will leave you more flexible with your money
Once this is accomplished then there are numerous options for investing your money.
17 Ways To Invest A 1000 Dollars offers numerous options an beginner can consider from starting a business, to purchasing EFTs or even building up your own Bank using the The Cash Flow Banking Method.
There is an assumption though, that for these strategies to be effective the investor will need to be investing $1000 a month and not just one time. Hence the importance of taking care of savings and any debts that might disrupt the investing process.
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