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Today’s Home Business Market

If you take the time and search the Internet for a home business you will end up with over 2 billions results; and that’s just “home business” on Google. If you enter in “Home Based Business” you’ll find over 500 million results. The same goes for “Business opportunity”… another 250 million results and the list continues with the variation on the key phrases.

There’s a lot of information to shift through. The result yield a wide array of offers that range from the very legitimate and extremely lucrative to the in your face and all too familiar get-rich-quick-schemes. Far too many business opportunities claim to be the proverbial “golden ticket” allowing you to earning a 6 to 7 figure income and live your dream life all at the same time. If you are reading this then all of it sounds oddly familiar; right? Here’s the truth. All that you read about on the Internet isn’t just “pie in the sky”. Some of the offers, in fact many, are legitimate. Yes… you read that correctly. I said some actually do work!

There are a vast number of opportunities available on the Internet that provide a lucrative lining for those who are savvy enough and tenacious enough to go after them. What you need to have before venturing into the world of home business and self made millionaires is a back bone and some working capital… NO MATTER WHAT THEY SAY. I will tell you right here and now, that any business that claims to offer you riches beyond your wildest dreams with no investment in marketing or work is completely full of hooey.

Your next question should be, “so which ones work and who are “they”?

The “they” are those folks who tell you if you join their business, all you have to do is make this one small investment and loads of money will come knocking at the door. They say “follow the system” and it will all happen “just like that”. How many of you have heard that before. Then “they” tell you to do what they did but they never really tell you what that is… and so on and so forth… When you hear that – run the other way. The sad truth is that they don’t tell you what they do. It’s a big secret. They won’t let you in on their ways of marketing because they’re afraid that their money well will dry up and you’ll take ask their potential income.

So who really becomes successful? The answer is pretty simple. The ones who win at the home business game are the ones who have the inside book. This hook seems to be a secret but it isn’t. The big players, like I said before keep it to themselves and they have been successful because everyone wants to believe the get-rich-quick hype. This secret goes beyond right place and time as well as a big center of influence (although that is extremely helpful).

The thing to remember is a home business first and foremost and must be treated like one. The “just invest into my business and the rest happens automatically” is a bold faced lie. This distinction between HOME and BUSINESS s frequently overlooked and doesn’t become clear until the investment has made and the veil is lifted. Nothing will ever happen unless you run your new opportunity like a business.

Working from home can be both lucrative and rewarding; but make no mistake; it’s not the easy way out. The good news is you will be free of the proverbial daily grind and the miserable commute. Your demanding and perhaps unappreciative boss will vanish as well BUT… if you think that you can sleep late every day and nap in the afternoon you’re doomed to fail.

Remember those clinches… “Rome wasn’t built in a day”, “If it seems to good to be true…” and the list goes on… well know this. I don’t know a single person who willed a bag of cash to fall on their head or anyone who went from rags to riches over night. That’s an illusion. Those who attain great wealth had an unshakable commitment to their vision and were able to persevere through the first years of difficulty. You just don’t notice them until they leave their rags behind.

Remember this if you remember nothing else… my favorite quote from master of success Donald Trump is, “You Gotta Love What You Do!” With that said, finding the business of your dream is easy… just do what you love. Start there and add some elbow grease and a solid plan and success can be yours.

Building and Selling

Builders know that by acting as their own general contractor, building their own home and living in the home, they earn instant equity in their home. Building and selling is one way to invest in property. By living in the home for a brief while, building another home and then selling the original, they can make even more money. There is an old saying among builders that “the third one’s free.” This means that, in a good real estate market, the equity that the builder makes with the sale of each home enables him to build the third home using the proceeds from the prior sales.

Contractors usually make about twenty percent of the total sales price of a home. This money can easily be transferred to an investor who acts as his or her own general contractor. Contracting a home to build is not easy, but it can save an investor homeowner quite a bit of money. There are many things to know about contracting a home, but there are also courses that one can take to learn about building a home.

Prior to building your home for investment, you need to purchase land on which to build the home. In today’s depressed real estate market, land can also be had for bargain prices. Because the real estate market is at a standstill in many areas, landowners and developers are beginning to sell building lots off to individuals.

In addition to lots being sold at a good value, construction labor is available, as are trades people. When the real estate market falls into a slump, it affects many businesses and individuals, especially in the trades. Many trades people and builders are eager for work. This can be an advantage to a person who wants to act as their own general contractor. In addition to being able to get land at good prices, an individual contractor will also be able to get good prices on labor and materials to build the house.

Acting as your own general contractor can be an exciting and fun way to invest in real estate. There is no such thing as a sure thing when it comes to investing, but building and selling is one of the safest ways to make money while investing in property.

Which Financial Books Are In Your Personal Business Library

If you are a stock broker, work as a financial planner, analyst, banker or securities regulator, then you must have knowledge of the market and know a little bit of the history. The other day a young man was studying to take his securities license at Starbucks and was very interested in getting started as soon as he passed the test, which I am sure he will ace, he knew his stuff down cold.

Nevertheless, there is a big difference in studying for government tests for securities licenses and understanding the inner workings of Wall Street and how the industry actually operates, so I ran home and grabbed some old books off my personal business library to give to the young man, as he said he would be there for a few hours.

Sure enough when I got back he was still there studying away with the same intensity and dedication and so, I gave him a few books. Perhaps these books are of interest to you if you are getting into the securities industry or looking for work as a financial planner, the first book is:

“The Wall Street Gurus – How You Can Profit from Investment Newsletters” by Peter Brimelow – 1986.

How do you pick the best financial advice newsletters? The Author discusses actual newsletters of 2-decades ago, things have changed a bit of course, with the Internet, day trading websites and all the online information now available. So, how do you pick a winning Financial Guru and how do you pick the best newsletters, Blogs, or Ezines for hot stock picks, bonds, commodities or mutual funds.

Knowing where to get information and what information is worthy is very important. Another book of interest was one about what happens when Wall Street Warriors Unite – what’s it all about? So I recommend this book to you:

“Takeover – the new Wall Street Warriors – the men, the money, the impact” by Moira Johnston – 1986.

From the Oil Industry to the Airline Industry, no major industry was spared from hostile takeovers, leveraged buyouts and the 1980′s craze of mergers and acquisitions. Perhaps you recall the headlines of the day with names like T. Boone Pickens and Carl Icahn, and all the men and money behind them and others as they raided companies, bought and sold assets and made billion dollar deals during lunch.

Think of all the arbitragers, brokers, investment bankers, lawyers, proxy fighters and government regulators all running around working their PR teams to woo Wall Street and fight it out, in a no holds bar game. This book is full of intrigue, dark secrets and battles that are still talked about today at the largest business schools. Next I think you need to know a little bit so you have some understanding of Bond and Money Market Investments, so go check out this book:

“The Dow Jones-Irwin Guide to Bond and Money Market Investments” by Marcia Stigum and Frank J. Fabozzi – 1987.

This book from its front flap cover tells us that it can answer questions that investors wish to know about bond and money market investments such as:

  • What are these instruments?
  • How do they measure up in terms of risk, liquidity and return?
  • How are they bought and sold?
  • How can they be used in a program for personal investing?
  • What are long-term and short-term debt securities?

The book goes through risks, returns, liquidity and investment characteristics of debt securities. There are chapters on Certificates of Deposit, Treasury Bills, Commercial Papers, Money Market Funds, Notes and Bonds, Tax Issues with Bond Trading, Federal Government Securities, Municipal Securities, Corporate Bonds, Convertible Bonds, Mortgage Pass Through Securities and strategies when swapping and trading.

After you get through with these books, well drop me a note and I will give you three more to read. You can never stop learning in the financial industry, and the past is almost as important as the future. There are things you need to know, beyond the license.