Are you like me and absolutely hate being an employee and making someone else richer? Well I have a solution, but I have to warn you that this is not an overnight solution...it will take some time.
It seems like these days you already have to be rich to buy anything that will make you rich...or you have to have a lot of money to make any money.
Or do you feel like if you start your own business that you would be better off just working for someone else because you can work less and make more money with way less overhead? I know the feeling...
The first thing you have to do is a financial checkup! What's this...take a look at your expenses, your bills, everything that you spend your money on. Most of us are spending way too much and not saving anything at all...this is your first problem...no matter how much money you make save as much as you can! I know I know you need that money to make it thru the day with food, bills, gas, etc,....This is where the financial checkup comes in...you have to find a way to lower your bills to save that money. If you are never able to save any money then you will never build up enough money to set yourself free. No matter how long it takes it could be weeks, months, even years, but start doing it today!
Ok...now you have some money saved up, right? Here's my solution: Invest in rental properties!!! From my experience it is the best way to build wealth! For a whole bunch of reasons:
1. You get paid every single month your property is being rented!
2. Someone else is paying the property (loan) off for you!
3. Real Estate tends to appreciate in value!
4. You're the boss!
5. You can take a loan out and get cash out of your rental property...now you have more money to make more money! Buy more rental properties with that money!
6. You can have rental properties and keep your day job until the rental properties can pay for your current lifestyle!
7. You can hire a property manager to handle all the b.s. that goes with haveing a rental property for a small fee, and still make money! Don't do it all yourself!
8. Our population is not declining so people will always need a house to live in!
9. Best of all it's passive income (which means you still get paid, and you don't have to do any work!)
10. Tax benefits...
11. You can hand down your rental properties to your kids, and then they won't have to work either!
Those are just a few of the reasons that I can think of off the top of my head, but there are many more...
I haven't reached financial freedom just yet, but I can see the light at the end of the tunnel. I will keep blogging about building wealth and hopefully I will be able to help others in my experiences!
Also take a look at my Real Estate blog here:
www.jimmydavisrealestate.blogspot.com
Wednesday, August 31, 2011
Sunday, June 12, 2011
How to negotiate the best deal on any vehicle
I've always told customers that the hard part is finding the right vehicle, and the numbers will fall into place. Which is really just another way that I know to bypass that actual question of a customer trying to negotiate a discount on any given vehicle.
I've been in the car business for over 6 years straight now , and I'm still going at it. In my experience the easiest, and best way to get your best deal on a vehicle is pretty easy...no matter what kind of car you're looking at...all you have to do is find a comparable model on-line with the lowest price. Call that dealer and start negotiating a deal on that vehicle and your trade-in too. Then take that same information, (or ammunition is what I like to call it) to your local dealer that has the car right there in front of you that you can see, touch, and actually test drive. I would even print the info out on the other vehicle that I found 4 states away to have with me.
Then you just simply explain to the salesman or sales manager that this is simply a business decision and it would not make since to pay more for a vehicle that you can get down the road for less. Most of all during this negotiation process try to be nice to the sales consultant and the sales manager. I've found that if the customer is nice and not a jerk about it that in the end we will go on ahead and match the other dealers deal...when normally we won't if the customer is being mean to us.
State your demands, and tell the sales team that it's strictly business and in the back of our minds as car guys we understand. If they say they cannot do it thank them for their time and leave....9 out of 10 times they will call you and do the deal...especially if they like you, but if it's someone that I hated talking to then I (the salesman) will not call them back.
Believe me I always hate it when a customer comes in with this type of information...and it really doesn't happen very often...so do a little bit of internet research and good luck on your new car!
I've been in the car business for over 6 years straight now , and I'm still going at it. In my experience the easiest, and best way to get your best deal on a vehicle is pretty easy...no matter what kind of car you're looking at...all you have to do is find a comparable model on-line with the lowest price. Call that dealer and start negotiating a deal on that vehicle and your trade-in too. Then take that same information, (or ammunition is what I like to call it) to your local dealer that has the car right there in front of you that you can see, touch, and actually test drive. I would even print the info out on the other vehicle that I found 4 states away to have with me.
Then you just simply explain to the salesman or sales manager that this is simply a business decision and it would not make since to pay more for a vehicle that you can get down the road for less. Most of all during this negotiation process try to be nice to the sales consultant and the sales manager. I've found that if the customer is nice and not a jerk about it that in the end we will go on ahead and match the other dealers deal...when normally we won't if the customer is being mean to us.
State your demands, and tell the sales team that it's strictly business and in the back of our minds as car guys we understand. If they say they cannot do it thank them for their time and leave....9 out of 10 times they will call you and do the deal...especially if they like you, but if it's someone that I hated talking to then I (the salesman) will not call them back.
Believe me I always hate it when a customer comes in with this type of information...and it really doesn't happen very often...so do a little bit of internet research and good luck on your new car!
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