Strangle Options Strategy

Under Perens’ definition, open source describes a broad general type of software license that makes source code available to the general public with relaxed or non-existent copyright restrictions. The principles, as stated, say absolutely nothing about trademark or patent use and require absolutely no cooperation to ensure that any common audit or release regime applies to any derived works. It is an explicit “feature” of open source that it may put no restrictions on the use or distribution by any organization or user. It forbids this, in principle, to guarantee continued access to derived works even by the major original contributors. (Wikipedia, 2009)

By this definition and in so many words, open-source means free. By eliminating the costs associated with licenses, this only leaves the costs of development. If you have a skilled and honest developer, he/she will be able to fill you in on the open-source tools that they use regularly.

Always mention to your developer that you’d like to know if there are any open-source tools available to help achieve your goals. This will give you the advantage of lower costs and could save a lot of time. If your developer isn’t willing to offer open-source solutions or doesn’t know how to use any of them, steer clear! Having an arsenal of open-source tools readily available ensures that the developer is diverse in knowledge and is really trying to give the client the best bang for their buck. Here are a few examples of open-source solutions that could save you time and money:

Open Lazlo is a great new way to create Flash-like animations on a budget. It is an open-source software that developers can download and use. Open Lazlo facilitates such projects as animations, custom video/media players, games, image galleries, etc.

Example:

www.brabendercox.com- This site features an interactive, customized media player as the header on the home page. Incorporating Open Lazlo saved the programmer a lot of time and Brabender Cox a lot of money, and achieved exactly the same result as if the more expensive and time consuming option (Flash) had been used.

Drupal is an open-source content management system. Content management systems are set up to help non-technical people manage the text and images of their Web sites. There are proprietary solutions for content management as well, like NuContent, however some people find open-source CMS solutions more suitable due to the flexibility of design modules that enable Web site owners to have different features. One reason that Drupal could be a good solution for your Web site is that no programming is required, meaning that a good Web developer can integrate this software with little or no programming knowledge, thereby keeping the cost lower. One disadvantage of using a software like Drupal is that there isn’t as much control over the design elements of the site versus a more custom, proprietary solution like NuContent. A good Web design firm should be able to steer you in the right direction, based on your individual needs and budget.

Blender is a free open-source 3D content creation software. Blender.org has a large community of developers all over the globe that constantly update and add how-to’s to the site. Many use Blender for 3D character animation and video production. Finding a reputable Web design firm that is familiar with Blender could save you time and money by creating animations, characters, and other interactive projects on a significantly lower budget.

J-Query is a Javascript library that helps developers save time by being able to create items like event systems, image galleries, animations, and many other interactive features for Web sites. A community of developers is constantly adding to the plethora of applications that jQuery can do. Another great advantage of open-source is that everyone contributes to the development, which generally results in high quality, effective software.

PHPList is an open-source newsletter list manager. Unlike some of its more expensive counterparts, PHPList is available to download on the Web for free and is easy to integrate into any Web site. With tracking and the ability to send attachments this is a highly valuable free solution.

If you are interested in any of these open source applications, ask your Web developer to fill you in. If they are not sure about them, each solution has its own site and articles on the Web. You might also be giving your developer a tip! The more you know about the open-source technologies that are out there, the more savvy Web site shopper you will become.

If you know that there are ways to save money, it doesn’t hurt to mention them to any of the prospective Web design/programming companies you are interviewing for Web site work. If the firm you are considering tries to discourage you from using open-source, there is a good possibility you will end up paying a premium for your site. Look elsewhere. In this economy you should find a Web design and programming firm that will work with you to achieve your goals in the most cost-effective way while still providing a high quality end result.

Find a Web design/programming company whose developers have a constant thirst for knowledge – developers that are always riding the latest techno-wave. If you find a Web design firm like this you will find progammers/developers that are passionate about their work and are not just doing it for the money. If you find that you will rarely be disappointed and you will rarely overpay.

NuRelm offers FREE WEB ASSESSMENTS to all businesses with underperforming Web sites.

Cardholders can take advantage of money received from the bank to pay the balance on their credit card. The key steps are to first figure out a way to get money from the bank, then use the money for the credit card.
What better way to manage and improve your credit than by using someone else’s money to do it. Other People’s Money (OPM) is a tactic used by some of the richest people in the world to maintain their wealth. Finding ways to use the bank’s money with your credit cards can help improve your credit and increase your purchasing power beyond that which you could do on your own.
The underlying way you can use bank’s money with your credit card is by finding ways to get free money from the bank. Using this money you can pay your credit card balance, invest it, or use it to make purchases for which you would have used your own money.
Interest is the easiest way to obtain money from the bank. When you place money into an interest-bearing account, you receive interest payments on a periodic basis.
One of the easiest ways to use the bank’s money with credit cards is by obtaining a secured credit card. Find a bank that places the security in a high interest-bearing account. Shop around among the secured credit card issuers to find the one that offers the highest rate with the lowest amount of fees.
The best way to take advantage of the interest you receive is to pay the fees associated with your secured credit card. That way you are essentially receiving the credit card for free. If you are not able to use the interest to pay the secured credit card fees, the next best option is to add it to your security deposit to increase your credit limit.
Another way to use the bank’s money with credit cards is by obtaining a credit card that offers cash incentives and rewards for using the card. When you receive your cash reward, you can then choose how you want to use the reward. You can use it to pay your credit card balance or for another purpose.
You can improve your credit score and history by using the bank’s money. To do this, you must first obtain a personal loan from the bank. Place the loan in an interest bearing account and use the principal of the loan to repay it. Repaying the loan on time will improve your credit history making it easier to obtain a credit card. Meanwhile, you are receiving interest payments on the loan that you can use to pay the balance of any credit cards that you have outstanding.
Using the bank’s money with your credit card is an innovative way to take advantage of any money you can receive from the bank. Think beyond the traditional ways of using the bank’s money to reap the maximum benefits.

As a small business start-up coach, I get asked a lot of questions. The most frequent one: Where do I get start-up cash?

I’m always glad when my clients ask me this question. Their readiness to take financial responsibility for their business is a sure sign that they’re serious about starting it.

Not All Money Is the Same

There are two types of start-up financing: debt and equity. Consider what type is right for you.

Debt Financing is the use of borrowed money to finance a business. Any money you borrow is considered debt financing.

Sources of debt financing loans are many and varied: banks, savings and loans, credit unions, commercial finance companies, and the U.S. Small Business Administration (SBA) are the most common. Loans from family and friends are also considered debt financing, even when there is no interest attached.

Debt financing loans are relatively small and short in term and are awarded based on your guarantee of repayment from your personal assets and equity. Debt financing is often the financial strategy of choice for the start-up stage of businesses.

Equity financing is any form of financing that is based on the equity of your business. In this type of financing, the financial institution provides money in return for a share of your business’s profits. This essentially means that you will be selling a portion of your company in order to receive funds.

Venture capitalist firms, business angels, and other professional equity funding firms are the standard sources for equity financing. Handled correctly, loans from friends and family could be considered a source of non-professional equity funding.

Equity financing is usually a larger, longer-term investment than debt financing and often involves stock options. Because of this, equity financing is more often considered in the growth stage of businesses.

7 Main Sources of Funding for Small Business Start-ups

1. You

Investors are more willing to invest in your start-up when they see that you have put your own money on the line. So the first place to look for money when starting up a business is your own pocket.

Personal Assets

According to the SBA, 57% of entrepreneurs dip into personal or family savings to pay for their company’s launch. If you decide to use your own money, don’t use it all. This will protect you from eating Ramen noodles for the rest of your life, give you great experience in borrowing money, and build your business credit.

A Job

There’s no reason why you can’t get an outside job to fund your start-up. In fact, most people do. This will ensure that there will never be a time when you are without money coming in and will help take most of the stress and risk out of starting up.

Credit Cards

If you are going to use plastic, shop around for the lowest interest rate available.

2. Friends and Family

Money from friends and family is the most common source of non-professional funding for small business start-ups. Here, the biggest advantage is the same as the biggest disadvantage: You know these people. Unspoken needs and attachments to outcome may cause stress that would warrant steering away from this type of funding.

3. Angel Investors

An angel investor is someone who invests in a business venture, providing capital for start-up or expansion. Angels are affluent individuals, often entrepreneurs themselves, who make high-risk investments with new companies for the hope of high rates of return on their money. They are often the first investors in a company, adding value through their contacts and expertise. Unlike venture capitalists, angels typically do not pool money in a professionally-managed fund. Rather, angel investors often organize themselves in angel networks or angel groups to share research and pool investment capital.

4. Business Partners

There are two kinds of partners to consider for your business: silent and working. A silent partner is someone who contributes capital for a portion of the business, yet is generally not involved in the operation of the business. A working partner is someone who contributes not only capital for a portion of the business but also skills and labor in day-to-day operations.

5. Commercial Loans

If you are launching a new business, chances are good that there will be a commercial bank loan somewhere in your future. However, most commercial loans go to small businesses that are already showing a profitable track record. Banks finance 12% of all small business start-ups, according to a recent SBA study. Banks consider financing individuals with a solid credit history, related entrepreneurial experience, and collateral (real estate and equipment). Banks require a formal business plan. They also take into consideration whether you are investing your own money in your start-up before giving you a loan.

6. Seed Funding Firms

Seed funding firms, also called incubators, are designed to encourage entrepreneurship and nurture business ideas or new technologies to help them become attractive to venture capitalists. An incubator typically provides physical space and some or all of these services: meeting areas, office space, equipment, secretarial services, accounting services, research libraries, legal services, and technical services. Incubators involve a mix of advice, service and support to help new businesses develop and grow.

7. Venture Capital Funds

Venture capital is a type of private equity funding typically provided to new growth businesses by professional, institutionally backed outside investors. Venture capitalist firms are actual companies. However, they invest other people’s money and much larger amounts of it (several million dollars) than seed funding firms. This type of equity investment usually is best suited for rapidly growing companies that require a lot of capital or start-up companies with a strong business plan.

Conclusion

Start-ups often take more time and money than budding entrepreneurs are prepared to handle. Still, with the right source of cash, there is no reason that you need to live off Ramen noodles in order to get your start-up running.

Are you in need of instant money for some urgency? Know that there are many lenders in the market place who are providing instant money loans and so there is no need for you to plead before friends or relatives who may delay a monetary help. An instant money loan means your loan application approval comes instantly just when you made the loan application. Such instant approval also results in the loan coming in your bank account within 24 hours of applying for it.

Instant money loans are also known as payday loans, implying that these are loans against you next paycheque. The lender takes a post dated cheque from you and approves the loan. The post dated cheque includes borrowed amount and lender’s fees on it. This sort of makes the loan safe for the lender. Clearly, to take instant money loans you must be a regular employee who gets monthly fixed salary.

In providing instant money the lender does not take any security from the lender. Some lenders will only ask for your office phone number to confirm your employment there. They also come to know about your monthly salary this way. That is why these are called Instant Money Loans.

The loan amount ranges from £100 or less to £1000 as instant money loans. Usually these loans are approved for two weeks with the roll over option of extending it for few more weeks. You are required to repay the loan from next paycheque.

But note that instant money loans are highly costly. This is because lenders charge high fee on every £100 borrowed. So you end up paying great amount as fee on total loan. Obviously you should only borrow money only for urgency.

One advantage of instant money loans is that bad credit people get it without any credit checks and that too instantly within 24 hours. This also implies that bad credit borrowers improve their credit score soon on repaying the loan in time.

You must be at least of 18 years of age to apply for instant money loans. Also you should be drawing monthly fixed salary and should have active checking account in a bank.

6 tips to afford life now and retiring young.

A Money Rebel defined.

Young (adjective yung) – being in an early period of life or growth.

Money (adjective muhn-ee) – legal tender.

Rebel (noun reb-uhl) ‘ a person that exhibits independence in thought and action.

The need to be a young money rebel.

The latest reports show that the average person today is in poor financial shape. They may not be going bankrupt or having their home foreclosed on just yet; however during these uncertain economic times with rising oil prices and the problems in the credit market many people are barely getting by.

Unfortunately many people are living paycheck to paycheck, are experiencing the stress associated with debt and are often struggling to get out of grim financial circumstances. Most of these same people share a similar goal ‘ to experience financial freedom – but fall into the traps plaguing so many people as shown in the examples below.

-62% of graduates expect to have a student loan debt averaging $27,236 ($101 billion nationally) and requiring 7.9 years to pay off. (Student Monitor)

-The American public has been spending more money than it has earned after taxes since April 2005. (U.S. Commerce Department)

-Some 40 percent of Americans are counting on the lottery, sweepstakes, getting married, or an inheritance to fund their retirement. (Were Not In Kansas Anymore)

-Household debt in 2007 is at record high levels relative to disposable income. (Federal Reserve)

-Polls show that students (ages 15-21) feel unprepared to face the complex world of the 21st Century (American Dream Education Campaign)

Young money rebels avoid those traps.

Young money rebels, on the other hand, are able to avoid debt traps, have money saved and are able to experience the feeling of financial security at a young age. They have money to live life to the fullest now while building long-term wealth so they can retire young.

Young money rebels are independent thinkers and avoid the financial traps so many people are currently in. They have a working budget, keep their spending in check, are knowledgeable about personal finance, and follow a consist investment plan.

A young money rebel understands that by investing at an early age they have a huge advantage. Young money rebels have compounding interest working in their favor. With compounding interest the earlier you start investing, the greater potential growth of your money. That is why investing just $100 a month starting at age 18, and earning the S&P 500 average return, will make you a millionaire well before retirement age.

Young money rebels retire young.

Anyone looking to achieve financial freedom should become a young money rebel. This will give you more free time, the ability to live the lifestyle of your dreams and avoid the stress associated with living like most people do ‘ with financial worries and stress.

Today it is more important than ever you do achieve financial freedom. The large reduction in pension plans and the uncertainty of social security means that young adults today will need to be prepared to self fund their own retirement. Those programs that are there for your parents like social security and pensions won’t be there when your ready to retire.

How to become a young money rebel.

There are simple steps you can take to fully enjoying life by securing your financial future at a young age. Follow the six steps below to become a young money rebel.

1) Educate yourself. Most schools do not teach practical money skills so it is up to you. Fortunatly, today there are many resources available for anyone looking to improve their financial situation. Set aside 30 minute a night to learning everything you can about personal finances and you will be able to afford what you want now while securing your financial future.

2) Financial goals. What motivates you? Is it a big home steps away from the beach, a year off to travel the world or is it just having enough free time to spend with loved ones? It is your choice how you want to live life; so consider this option. You may not know exactly what you want but you probably will have a general idea. So write down financial goals that will encourage you to achieve your dreams.

3) Team. Building a team of trusted advisors will be an important part in achieving success as a young money rebel. Your team should include a trusted tax advisor, financial mentor, and personal growth coaches.

4) Financial plan. Develop a step-by-step financial plan so you can achieve your life goals. Write down how much you are going to save each month, where you will invest your money and your desired results.

5) Saving. A savings plan is the backbone to your financial success; so start immediately. Talk to your bank about automating your savings plan so every time you deposit money a portion of that is automatically transferred to your savings account.

6) Investing consistency. A consistent investing plan will lead to long-term wealth and financial freedom. Just like your savings plan you can automate your investments so they are made automatically for every month. Set it up once then it automatically works for you. Just make sure to check your statement on a regular basis.

By learning simple, practical money skills you will have taken the first step to becoming a young money rebel and enjoying life free from the financial worries that plague so many people.

In many ways, starting a make money online business is no different to starting an off line one. A make money online business is a lot easier than you think. This article has information on make money online business to make extra money online. One of the best ways to make money online is by simply selling information. The first concept you have to understand to make money online is this; your product has to be placed in front of people who are looking for it, making survey, linking service to your website and more (see part 2). The final free method to make money online is to use reward schemes such as paid surveys. And the thing you have to understand about being able to make money online is that you have to work at it.

Surveys

Surveys can help you earn an income from home. Here you search make money online business or minus or poster or darkness in make money doing online surveys is focused on make money taking online surveys. While Paid Surveys will not make you rich, it is a good way to generate cash flow especially if you are starting with nothing or have little or no technical skills. You can find others just by doing an Internet search for paid surveys. Try to find one that will be the most reliable and easiest when it comes to making money. You can surely make money or get high-ticket items when you join survey sites and take part in the surveys they send you. All survey sites are not fraud as conducting surveys is a legitimate economic activity. And last but not the least, keep in mind that you may not get rich with surveys but you can expect to see good money with them if you understand how surveys work and take precautions not to get scammed.

Links

Links to sites to boost your education and increase your profits. Another option is to write a few free E-courses that people can subscribe to via an auto responder and weave the links into your article. Now, the really important thing is to not just have the ads running on your site, but make sure that you have referrer links and banners to each of your advertisers, as the above four all pay you when you successfully refer a new publisher or advertiser. The articles have links to an affiliate or partnership websites which allow making money online from the affiliate activities.

Conclusion

Make money online are lots easier than make a living out there. Make money online surveys is focused on order, meal and book which contains all of the free online paid survey make money fast at home because make money online business is the same as make money online business or again heat and label or toy sometime have as a result of make money online business sometime information and label. Anybody that promises you an easy, effortless way to make money online is not telling the truth. The easiest and fastest way to start an internet business and make money online is with affiliate programs. One of the best ways to make money online is to focus your energy for a month or two and establish a membership website for your chosen market.

Do you work, bank or do business in more than one currency? For example, do you bank in U.S. Dollars, transact in both Dollars and Euros, and then perhaps regularly do business in Japanese Yen? You may want to customize and update the list of currencies and the exchange rates that Microsoft Money uses by following the procedures provided in this article.Backgrounder information on Money’s handling of multiple currencies

Money allows you to keep your financial records using multiple currencies. To see the list of Money currencies and to make changes to the list of Money currencies that you can use, choose the Tools menu’s Options command and then click the Currencies tab.Reviewing Money’s currency list

You can review the list of currencies that Money recognizes. To do this, simply scroll the list of

currencies that appear on the Currencies tab. The main currency you selected during the Money setup process is identified as the base currency.Deleting a currency from Microsoft Money

To delete a currency from the list, click the currency to select it and then click the Delete

button.

To rename a currency, select the currency by clicking it and then click the Rename

button. When Money displays the Rename Currency dialog box, provide a new name and symbol for the currency.Adding a new currency to Microsoft Money

To add a new currency to Money’s list, click the Add New Currency button. When

Money displays the Currency dialog box, provide a name and symbol for the currency

using the name and symbol text boxes.Updating currency exchange rate information in Microsoft Money

If you do work with multiple currencies, you’ll need to provide exchange rates to convert

currencies to their equivalent main currency values. To provide an exchange rate, select

the currency from the list box on the Currencies tab. When Money enables the text boxes shown in the bottom portion of the Currencies tab, use the drop-down list box to identify which way the exchange rate will work. For example, if you are going to express the exchange rate in terms of U.S. dollars per Swedish kronas, select this

description from the list box. Next, enter the exchange rate value in the Exchange Rate

text box. For example, you might want to show an exchange rate in which five U.S. dollars

equal one Swedish krona.

Click the Set As Base Currency button to change the currency that Money assumes you want to use for record keeping when you don’t specify otherwise.

If appropriate, select the Update Exchange Rate Online or This Country Uses The Euro check boxes to indicate how Money should handle transactions denominated in the selected currency.

A final note: If you’re a business transacting business in more than one currency–suppose you’re a small S corporation or limited liability company that regular buys and sells items not only in your usual domestic currency but also in the currency of your major supplier–you may have currency translation requirements you’re required to follow for your tax accounting. Be sure to confer with your tax advisor or outside accountant about any such requirement.

If someone had suggested to me several years ago that the only way of making money was to stop needing it, I would have felt quite angry. How could I stop needing money when I was behind with my mortgage and struggling daily to pay for food? All I could think of was “How do I make money fast?” Yet, day after day, the answer eluded me.
Have you ever felt that the more you need money, the more it seems to escape you? One of the main reasons for this is because when you feel “needy” you are more likely to take whatever is on offer without proper research.
In the early 90s I had paying lodgers to try to supplement my income. When both moved out at the same time I was thrown into a state of dire “need”. In this state of mind I took the next applicant to come along, who turned out to be extremely unreliable. He paid late, he ran up a 300 pound telephone bill and refused to pay it, and stole food from my fridge. I took him to court for the telephone bill and won, but he only paid me back in monthly instalments, which didn’t help me much.
Now, if I had let go of my need and waited for someone of proven reliability, things would have been a whole lot better.
If you feel that you really need money, try asking yourself what would happen if you didn’t get it. Look this fully in the face and ask yourself what you would do then. And then? By looking at the realities of your situation in this way, you may find that even if you don’t get the money that you think you need, you will always find some other way forward.
Sometimes our fear of not having money stops us from really looking at the situation in this way. We refuse to look beyond our own fear, and then our fear actually increases because we feel we are facing something unknown.
Here’s another question: How long could you go without this money before you would be homeless?
Very few people will answer this question in days. For most people it’s usually in months, or even years. In fact, for some, the answer may be never. Most people have friends and family who would never allow that to happen, or at least help out in some way until you are back on your feet.
So, if you have months or years before things get really difficult, why not use this time to try a new way of thinking?
I remember when I was an actress it was often said that the people more likely to be successful in an audition were those who did not feel desperate to get the part. The same thing applies with money.
Try this experiment. Give yourself an amount of time that you know you can survive before things really go pear-shaped, and decide that during this time you will work with the assumption that you do not need money.
I have heard of people doing this and doubling their income within a few months.
You see, when you let go of the fear and stress of neediness, your brain is free to create and be inspired with new ideas and opportunities. While you are in a state of fear you are operating at an extremely ineffective level. You limit your ability to reason and create a vision.
Imagine if you could ask for what you want without the fear of losing it if someone says no. If you own a business, increase your fees. If you are in a job, ask for a raise.
Your ease and lack of desperation is far more appealing to people than if you deal with them out of neediness. We all know how unattractive desperation and neediness is and how attractive a more relaxed attitude is.
But what if I really DO need the money now?
If your situation really is dire, you need to be taking care of this as a priority. Get realistic about your finances. By looking at the stark reality rather than avoiding it, you may find that things are not as bad as you thought, or that a solution makes itself known.
Work out exactly how much time you can go on before push comes to shove, and write out a plan of action. Above all, don’t be a victim. Take charge and believe that you have all the power to change your life. When you feel in control, you feel less needy, and in turn you will create more opportunities for yourself.
Always check your motivation for any money-making task. Are you doing this because you want to, or because you feel you should, or because you are desperate? Notice how the last two deplete your energy levels and the first option increases them. Acting out of enthusiasm and passion because you are enjoying what you are doing is the ONLY way to make money and build lasting financial freedom.

As I’ve said before, every business on the planet is in the business of MARKETING.
Yes, that includes you.
First and foremost you are a marketer, second you are an investor. You must know how to get leads in order to even have a chance to put your investment knowledge into action.
So, to get private money lenders for your real estate investing business you must find the people who have money.
Who Has Money?
* Your Family and Friends -
Do you have family members who have money that they are earning between 0-5% on? I’m sure you do. Do you think they would want to double the rate of return on their money? I bet they would.
So, why not bring the opportunity of becoming a private lender for your real estate business to your family members first, so you can help your family become more wealthy in the process? Many people hate to ask family members for money… this is a common thing; however, why would you feel uncomfortable helping your family members make more money? You shouldn’t.
The first property I bought (and still own) was bought with 100% private money. A 95% first mortgage (seller carried), and a 5% second which was borrowed from my father. My father is earning 6% on his money rather than 3%, the property cash flows and has gone up in value… if for some reason I screw up and don’t pay my dad (not going to happen), he is in 2nd position on a property with over $100k in equity. It is a no lose for him… and great upside for me.
* Other Real Estate Investors and Businessmen -
Other successful real estate investors have money… and often like to lend out their money to other investors. These are often great private money investors to have on your side because as you’re starting out, they can help you analyze deals… and teach you a ton as you grow as an investor. Also, successful businessmen are great because they know the security that real estate can hold, and know that when the loan is structured correctly they are protected with very little downside.
Talk to other investors and business people that you know and let them know what you do, and that you can provide them real estate secured returns of 9-12% (or whatever you are willing to pay) when they become a private money lender for your company. If there are holes in your presentation or your business model, they’ll likely point them out, which will help you to make your business stronger over time.
* People Nearing or in Retirement -
Think about it… who has a bunch of money just sitting around? Well, people either in or nearing retirement (people 10-15 years away from retirement, up to people who are already retired). Even better, the stock market today sucks and I’ve personally seen many people move their money from the volatile stock market and place the funds in “more secure” investments like CD’s, gold, etc.
It’s your job to find these people and present them another option to lend money to your company for a much better annual return (usually private money lenders are paid between 8-12%). Show them that you know what the heck you are doing, that the risk is relatively low with the strict buying guidelines your company employs, and that you are looking for long term relationships with lenders who want the same.
These people can move their under performing investments (401k, IRA, etc.) into your short term private money loans. It’s a win-win. Again, you as the investor need to be honest with the private money lender, and you need to make responsible decisions on the properties that you invest in.
That’s just a short list of people who you should be going after to recruit as private money lenders for your real estate investing business.
Marketing to these people can be everything from simply handing them your business card that has a blurb saying you are looking for private money lenders who want to earn 10% secured by real estate, and to call XXX-XXX-XXXX or visit www.yoursite.com for more information
… to sending out mailers to a list of retirees… to teaming up with a financial planner, to putting on free seminars about the opportunity, etc.
***FYI, I am not an attorney, and don’t claim to be. I am just throwing out ways you may be able to market to potential private money lenders, to my knowledge they are legal, but advise your attorney before you use any of them.***
Here are a few ways you can get in touch with potential private money lenders:
* Ask sellers of the properties you buy if they’d be interested in becoming a lender for your company
* Talk to family about the opportunity and ensure to structure the deal so they virtually can’t lose, and that the risk is on you (unless you want to lose a family member if a deal goes south)
* Ask other investors at real estate investing clubs in your area
* Put up a website and get it optimized in the search engines (we’re creating a training session on this)
* Network at events (chamber of commerce, etc.) and let people know what you do, and how they can be involved
* Send out postcards to a list of people with over $500,000 net worth (you can buy lists from companies who can break it down by net worth and other factors)
Really, there are endless ways to recruit potential private money lenders; however, in my experience… the best ways are to network, let people in your area know what you do, create a website which educates potential lenders, and get referrals from happy investors.

Teaching children to save money starting when they are small is easy. Every child learns very quickly that money buys things they want. They already know the value of money, money concepts are taught in school, and the basic mathematics involved. Here a 7 simple tips to help you get them saving and investing.
1. 3 things to do with money. They can let it sit in their wallets and purses, spend it, or save it and watch it multiply. Drive to different parts of your city with your children and point out different living conditions. Some spend everything and never get ahead. Others let their money sit idle and it never increases. But the wealthy know how to spend what they need and then save and invest the rest.
2. Help your children set goals. Ask your children what they want when they grow up? Every child wants to be someone like a doctor or a fireman but what do they want? How do they want to live? Do they want to be poor or rich? Help them set some goals early and explain that proper saving and investing is a huge part of getting what they want.
3. Help put goals into action. Develop a rough financial plan with them. This is great fun and you will learn a lot by teaching them. If you have a financial planner you could introduce them to your children. This will help your kids see that saving and investing is serious business.
4. Be frugal. If you have not already, read the book “Millionaire Next Door.” This really opened my eyes to the world of the rich. People become rich through saving and investing wisely, not by earning a great deal of money. The typical millionaire in America has appreciated assets from years of careful investing and saving. Show your children how a frugal budget allows you to save more.
5. Open savings accounts early. Take your children to the bank as soon as they understand basic money principles. Open savings accounts in their names and go over the statements with them as they come.
6. Give your children choices. A big birthday party, for example, is expensive. What if your children would be just as happy with cake, ice cream and some games with their friends? Say something like, “A big party like we had last year cost $200.00. What if I put $185.00 in your savings account and just spent $15.00 this year?” Some of your children will still want the big party but you might be surprised to learn that some will be listening to you and will choose the savings option.
7. Time deposits. Since your children will not be touching the money anytime soon, take advantage of time deposits for higher interest. This will give the savings a boost and help you in teaching children to save money.
Teaching children to save money should be fun. Let them know this is for their future because you love them. You will enjoy this time together.