We all know how competitive real estate investing can be. With the housing crash and extremely low bank loan rates, most investors find real estate to be a lucrative business opportunity. But, while it is lucrative, the stiff competition can be tough on a new entrant in the business. Adam Ginsberg
, one of the foremost wealth building and internet entrepreneurship coaches spills the beans on how to get the most out of your real estate investments, even if you are a newbie. Bean #1 - Find a Mentor
Entering a new industry without learning anything about it is akin to going in blind into a battle. You wouldn’t even know what hit you. Adam Ginsberg insists that you find a mentor who is experienced and successful in the business
. Get your mentor to train you in the basics of real estate investing, like strategies on choosing which properties to buy, how to choose the areas to invest in, financing options etc. If your mentor is an old horse in the business, there’s a lot that you could learn just from their experiences. Meet with your mentor on a regular basis and share your own views and investment strategies to see if you are on the right track. Bean #2 – Always check under the hood
Real estate investing has a basic 3-step approach. Buy property, fix property, and sell property. Easy as it may sound, it’s far from that. If you get the first step wrong, you can say goodbye to any profits that you were hoping to make on the investment. Adam strongly recommends a detailed inspection of the property that you intend to invest in. It’s only after an inspection that you can figure out how much money you’ll end up spending in fixing the place up. And, if there’s some serious damage, like in the foundation or in the electrical and plumbing setup, you should steer clear of the property because it is going to cost a lot to fix and that your profits are going to be very low, unless of course you are getting the property really cheap and you think you can still extract a decent profit even after hefty repairs. Bean # 3 - Savings are Profit too
Once you’ve got a property inspected and you believe that you can sell it for a decent profit after fixing it up, the next step is to figure out who will renovate it for you. If you go to the market and hire a professional contractor, they will charge you the prevailing rates for the job. The trick here, as revealed by Adam Ginsberg is to minimize your spending to maximize your profit. One way to do that is to take on the renovation contract yourself and then subcontract the individual jobs to the related professionals. Another way to save on renovation costs would be to find a contractor in your circle of friends and family, who would be willing to offer you better rates than those whom you don’t know. Whatever approach you take, always ensure that you do not compromise on the quality of the renovation, because if your property does not pass inspection, you will not be able to sell it.
Adam Ginsberg is a wealth of experience
when it comes to making money. You can find him online
and also check out his secrets of an auction millionaire
Real estate investing has proven to be a lucrative business opportunity over the last few years, especially with the housing crash in 2008. Adam Ginsberg, the pioneer in eBay entrepreneurship and a successful wealth building coach highly recommends real estate investment as a top business opportunity.
Here are three tips from Adam Ginsberg
that will ensure maximum profitability from your investments in real estate. 1. Economize on renovation
For any property that you’ll have to fix it up before you sell it. Ginsberg suggests spending as little money on renovating as possible. That doesn’t mean you cut corners on the quality of renovation as that will do your reputation some serious harm. What Adam means is that you either renovate your property yourself or you use a contractor in your personal network of friends and family as they are bound to give you a much better deal than a contractor not personally known to you. 2. Partner up
Having a partner to invest with in real estate certainly helps. In Ginsberg’s opinion, having a partner who is experienced in the field saves you the time and money that you would’ve spent learning the craft, whether at a school or from your own mistakes. Secondly, a partner who invests money with you also allows you to diversify your investments
in multiple properties rather than just one or two properties. 3. Knowledge is power
You may be new in the real estate investment business but if you arm yourself with the knowledge of how the business works, you could be starting at par with many veterans with years of experience. Although it will take you a fair amount of time to gain practical experience, the right information and knowledge can certainly help cut down that time by a fair bit. Read newspapers, industry papers, get information on loans and mortgages from banks, get professional training on how the construction business works etc. No amount of knowledge is too much, so go ahead and soak up as much as possible.
Adam Ginsberg has many pearls of wisdom to offer
as far as creating wealth and entrepreneurship are concerned. If you’d like to know learn more read Adam’s Secret of an Auction Millionaire
or visit his website for resources on making money online
In these tough economic conditions, people are finding it more and more difficult to meet their financial goals with virtually stagnant incomes and soaring expenses. As it has been psychologically proven, people tend to put off long term savings in order to meet short term expenses. While we all know and understand the importance of saving for our future, especially for our retirement when there will be no paychecks to meet our daily expenses, we seldom stick to the plan of putting something away regularly for our golden years.
Adam Ginsberg, the renowned wealth building
mentor and online business coach suggests automating our expenses and savings so that we do not falter in our long-term saving objectives. According to Ginsberg, here are some ways to automate our spending. Contribute to a 401(k)
Build your retirement nest egg using a 401(K) account. Ginsberg suggests that a 401(K) is the least that you should be contributing to even if there is little else that you are doing in terms of savings. If your employer is offering a matching 401(K) contribution, that’s even better since that’s a bonus and extra money
never hurt anyone. Automate your Bill payments
Automating your bill payments on your credit or debit card ensures that you never fall behind on paying your bills for any reason, therefore avoiding late payment charges and penalties, and also earn reward points on your credit card, which you can accumulate and redeem later for rewards like air miles. Manage your Accounts
Having an accounting software will do you a world of good in keeping track of your income
and spending. There are many software packages available in the market and on the internet. If you browse around a bit harder, you may find some free ones too that you can use to manage your accounts.
Having all your accounting information in one place is great as it gives you a complete overview of where your finances stand and what steps you may need to take in order to meet some of your financial goals.
Adam Ginsberg is a leading entrepreneurship and wealth building coach and mentor who has helped thousands of people globally to achieve success through his eBay software and tools
To know more about Adam and his secrets
to making money online go here
As the economy struggles, more and more people are turning to the internet looking for potential earning opportunities. According to Adam Ginsberg, the hugely successful eBay entrepreneur
and internet marketing expert, eBay is by far the most popular e-commerce website owing to its popularity, profitability and its ever growing user base. Adam Ginsberg gives his valuable insight and advice on how to get started on eBay and make it extremely profitable for yourself. Right Price
When selling on eBay
, it is always a good idea to see what your competition is doing. If you see the completed listings of products similar to what you are selling, you will get a fair idea of the bidding trends and price variations on the products. Secondly, keep the reserve price of your item as low as possible to attract more and more bidders. Successful eBay sellers do this as they know that they will get a fair price by the time the bidding ends. Right Time
The ending time for an auction is very important in order to attract more buyers. Research has shown that the best time to end an auction is between 6:30 PM and 10:30 PM as potential bidders are back from work and are unwinding for the day, of which the internet is a very important part. Shipping Options
While selling your products on eBay, do a little research on what your competitors are offering shipping-wise. While many buyers may not bother too much about it, shipping costs could play an important role in selling your products. If your competitors are offering free shipping, then it may be wise for you to do the same; however, if you do have to charge for shipping, then you should start at a lower starting price for your auctions and clearly mention the shipping charges. Photos Talk
A picture may be worth a thousand words, but the quality of the picture will determine the language. While it is very important to add pictures of your products, it is equally important to have accurate and properly lit pictures for your potential customers to get a feel of your product. So, investing in a good camera setup may not be a bad idea to get ahead in your eBay business.
These tips from Adam Ginsberg will help
a great deal in achieving success in your eBay business as they are shared from his own extensive experience as a hugely successful eBay seller
. If you have any experiences or tips of your own that you’d like to share with us, we’d love to hear from you. Write to us at the given email address
As the internet gains popularity, so do the revenue-earning opportunities that arise out of it. And with the economy being in the poor health that it is, more and more people are looking for that financial boost from the internet. One of the best opportunities that the internet offers is to start an online marketing venture.
To make a success
of your internet marketing venture it is important to keep many things in mind. Three of these are being shared here by Adam Ginsberg to help you on your way to unparalleled success. 1. Know your audience
: The most important thing to know and understand when starting a business is who your consumers are. Their demographics, which include their age-group, gender, income slabs, locations etc., play a very important part in helping you market your products or services in a focused and efficient manner. The deeper you go in understanding your potential customers, the more profitable you can make your business. 2. Advertise
: Advertising too plays a very important role in running a successful online business. But, before you start advertising, make a strategy for it, which may include where your ads are displayed, using social media like facebook, websites, banner ads etc. There are so many advertising avenues available on the internet and if you target the right ones to reach your target audience, you are well on your way to success
. 3. Budgetize
: For any business to be successful, you need to make money. But, before you start making money, you will need to spend money. Knowing exactly how much you are going to spend will help greatly in getting organized. You will be thorough about where you are going to spend your money. You will do your research before you spend it, expect results after you spend it and feel great about spending it when you get those results.
A successful internet venture will require thorough research, detailed planning and efficient execution. These tips shared above by the internet marketing guru
, Adam Ginsberg will be of great help to you in getting your plan in place. If there are other areas of your business that you need Adam’s help with
, check out the courses that he offers or get in touch
with him for more information.
Finding ourselves in a downward spiraling debt trap is usually an indication that we have allowed things to get out of control. And, emerging from this hole and back to normalcy is usually a long, tough and arduous journey.
There are obvious tell-tale signs, some described here by Claes Bell
, that have “falling into debt trap” written all over them, and if you can see them, you can save yourself a lot of pain by fixing your over looming financial troubles before they come raining down on you in torrents. Adam Ginsberg, the leading eBay entrepreneurship and wealth building coach and mentor
, has some suggestions on how you can emerge from over bearing debt and take control of your life. Wake up and smell the coffee
The first step is to accept your financial situation. If you identify yourself with any or similar situations as mentioned in Claes’s article, then it’s time to stop what you are doing, sit down and have a long hard look at your finances. No one’s been able to reclaim their lives from a financial downfall
by looking the other way. You’ve got to acknowledge that you have a problem, and then find your way out of it. Have a Plan
Compare reclaiming your life from financial disaster to a road trip. Before you embark on your journey to financial recovery, you need to sit down and chart your route on a road map, just as you would before a road trip. The only difference could be that you may prefer the shortest possible route rather than the scenic, longer one. Make your plan as detailed as possible. Your financial plan should have all your debts listed down and your priority to pay them back. Some people prefer to pay back debt
with highest interest rates first, while some others prefer paying off ones with the least outstanding amounts. Adam Baker of Man vs Debt has an interesting view of his own
. Adam Ginsberg suggests choosing the method that you feel will give you the most satisfaction. Live Frugal
If you find yourself in a downward spiral financially, then you need to take desperate measures to save every penny that you can. Cut down on expenses that you can live without. You may have to sacrifice on some of the things that you love, like going to the movies or eating out, but remember you are doing it so you can enjoy them more later, without having to thinks of outstanding debts while indulging yourself. Find cheaper alternatives to things that you cannot do absolutely without. Supplement you Income
Find ways to increase your income. More money
means paying off debt faster
. Take up a part-time job or have a yard sale. Think about ways that you can rake in some additional cash. You can also check out Adam Ginsberg’s eBay programs
to make money online.
Remember, it all starts with your determination to take the bull by its horns. Once you make up your mind, there’s nothing in the world that can stop you from erasing the last penny of your debt in the time frame that you decide.
You can also explore Adam Ginsberg’s secrets of an auction millionaire
to make money online through his eBay programs
Often times we find that home owners who take out a mortgage on their homes end up buying mortgage insurance as well. What Mortgage insurance essentially does is insure your outstanding home loan with the bank as the beneficiary and in the event of your death squares off your mortgage loan by paying the bank whatever is outstanding on your loan. For many people it’s a matter of priority to ensure that their loved ones would not be burdened by their debts when they are gone. But choosing the right insurance
vehicle is equally important for both the insured and their beneficiaries.
Adam Ginsberg, the pioneer in eBay entrepreneurship and now a leading coach and mentor on online business and wealth building
shares his views on whether or not is it a good idea to take out mortgage insurance.
As mentioned above, mortgage insurance comes into play upon the passing away of the insured, absolving his or her next of kin from repaying the mortgage loan. However, there are a few things worth looking into before signing on that dotted line.
More often than not, taking out mortgage insurance is not such a great idea. Here’s why. To begin with mortgage insurance is clearly not in your family’s favor as the insured amount will be paid directly to the loaning bank in the event of your death and your family will not see a dime of it. It is a good idea if you have taken out enough life insurance coverage to cover your family’s needs
apart from the mortgage. For example, if you take out an additional term policy for the same amount of premium as you would have paid on the mortgage insurance then your family would’ve had the flexibility of taking care of more important expenses like other high interest loans than the mortgage and continue to make mortgage payments as before.
Secondly, with mortgage insurance, the value of the policy decreases over time since it only covers the outstanding balance on your loan, whereas the premium remains the same throughout. On the other hand, a life insurance policy will pay your next of kin the same amount in the last year of its term as in the first.
Adam Ginsberg suggests weighing all your options and arming yourself with as much information as possible (read more here
) before taking a mortgage insurance against your home loan.
To know more about Adam Ginsberg
and his great new eBay software
and entrepreneurship tools
As discussed in a previous post
, life insurance is a complicated subject and there are no easy ways to know which one is right for you, how long you should take it for, how much insurance is enough etc. etc. No one can answer these questions for you—you’ll have to work them out yourself.
But, what Adam Ginsberg can do to help you reach a decision about which type of insurance to buy is break down the two kinds of insurance available, i.e., term insurance and permanent, or whole life insurance.
The most basic difference between a term policy and a whole life policy is that a term policy only provides death benefits to the insured person’s beneficiaries in the event of his or her death. A whole life policy, on the other hand, has an investment component along with death benefits which builds cash value over the life of the policy. Therefore, the returns on a whole life policy can be enjoyed by the insured person as well during his or her lifetime.
Secondly, a term insurance policy is taken out for a fixed term, like 10, 15 or 20 years. On the other hand a whole life insurance policy lasts for as long as you keep paying your premiums.
The third basic difference between the two policies is the applicable premium. Term insurance plans have very low premiums compared to whole life policies as a part of the premium for the latter is invested in building the cash value component as described earlier.
Apart from these basic differences, what you should consider when choosing an insurance policy
is the death benefit offered. On one hand you may be able to get a $500,000 term policy, for say, $300 annual premium, but for a whole life policy of the same amount may cost you $3000 every year. Therefore, before you make a decision, you should consider whether you are better off investing in a term policy for $300 and investing $2700 in other investment vehicles with higher returns or if you should hedge your risk and invest in a whole life policy for lower returns.
For more tips from Adam Ginsberg
on finance and how to make money online
read the secrets of an auction millionaire
Life Insurance is a simple and, at the same time, a complicated topic of personal finance. Simple because it serves a very simple purpose—to provide for your family and loved ones after you’re gone or even for yourself in case of loss of income etc. And, complicated because we can almost never figure out how to predict how much we’d need in the future to keep us protected from these anticipated losses. Adam Ginsberg, one of America’s leading internet entrepreneurship and wealth building coaches sheds
some light on the various kinds of life insurance and how to choose the right one.
Various kinds of life insurance Life insurance can be split into two broad categories, i.e., term insurance and whole life insurance. Term insurance
basically guarantees a specific sum of money to be paid to the family of the insured person in the event of his or her death, or in some cases permanent disability as well. Term insurance policies are taken out for a specific period and a specific amount. If the insured person outlives the period of the policy, then the policy expires. In short, term policies are pure insurance in the event of a tragedy, and nothing more. Whole life insurance,
on the other hand covers the insured person throughout his or her life span. These policies include a variable cash value that builds over time
along with guaranteed death benefits. However, the premiums for these policies tend to be higher since a portion of the premium goes into making investments on your behalf for that cash value component.
Choosing the right insurance Now this is the tricky part. There are as many points-of-view on how to choose the right insurance as there are people you know. However, each individual’s requirements
are as unique as the individual themselves and only you can decide which insurance policies will suit you best. There many of your life’s factors to consider while making this decision and Adam Ginsberg suggests a basic approach to analyzing various factors before making a decision. Factor #1 – Your Age
Age is perhaps the most crucial factor while deciding on your insurance policies. For instance, if you are young and single or older with grown up, independent children then you may not need pure life insurance at all. However, if you are married and have children with other liabilities like mortgage or auto loans, then you should have at least one term insurance policy. Factor # 2 – Policy Period
If you have children, then the term period for a life insurance policy should be long enough to cover your children’s college-going age. For instance, if you have children aged 10 and 5, then you should take an insurance plan for a period of 15 years, which will cover your younger child till his or her college years. Factor # 3 – Insured Amount
This again is a very crucial factor that tends to confuse people while choosing an insurance plan. According to Adam Ginsberg, the ideal insured amount should be the one that covers all your liabilities, like your mortgages and auto loans, and a few times your annual income to help your family tide over in the event of your death, and get back on their feet again.
These are the three basic factors that influence your decision while considering taking out a term insurance on your life and should be analyzed meticulously to help you get the right decision.
Keep a look out for more articles on insurance advice from Adam Ginsberg
on this website. And, for any feedback that you may have on our articles, please feel free to write to us
If you are young and have a stable career, then you should look at starting to save for your retirement
(if you haven’t started already). Remember, the sooner you start, the bigger your retirement fund will be. Heck! You may even be able to retire much earlier too. Imagine playing golf or relaxing by your beach house on a weekday by the time you are 45, or even 50. No more Monday blues or rush hour traffic. Sounds great, doesn’t it? It is possible, provided you start building up your retirement fund early, and build it right.
We all know that the economy doesn’t look good right now, but the depression isn’t going to last forever. The stock market’s volatility has eroded many a retirement funds
, and don’t seem to be recovering any time soon. But, there are other avenues where you can invest to beat the volatility of the stock market or the low returns on cash deposits, not to mention the ever growing inflation. For instance if we take the annual inflation rate at 4% (an average of the last few decades), then a fund of $1 million after 30 years will be roughly equivalent to $300,000 in today’s value. So do the math and figure out how fat your retirement fund should be to live on comfortably after you stop working.
Adam Ginsberg, a highly successful entrepreneur and wealth-building coach
, recommends two key areas to invest in that can boost up your retirement fund beyond the cost of inflation.
1. Gold That’s right! The good ol’ shiny, yellow metal. Gold prices have beaten the economic downturn, the crashing stock markets, the economic depression, and have risen the most in the past decade. Gold has always been a practical investment for the pragmatic citizen. The rising inflation and the eroding value of paper money have had little effect on the value of this precious metal. Adam Ginsberg strongly recommends including this commodity in your retirement nest egg. Now, you could buy gold in a variety of ways too. The most common is to buy this metal in the physical form of bullion bars or coins. But remember when buying physical gold that while bullion bars are available at prevailing market prices, coins, on the other hand, are priced at perceived collector value. The second option is to invest in Gold ETFs (exchange traded funds), which too are traded at the prevailing market rates. This way you do not have to take physical possession of gold but instead get fund certificates, which are easy to store and faster to liquidate.
2. Real Estate If “are you kidding me?” is the thought in your mind right now, read on and you’ll know why Adam Ginsberg recommends investing in real estate. Sure, real estate has probably felt the worst brunt of the economic crash in the last few years, which is exactly why it makes such a lucrative investment option. Home prices are probably at their lowest right now and so are mortgage interest rates. So, go ahead and buy yourself a home. Take out a mortgage on it and pay it off. Over years the demand for real estate will grow, because the population will grow and the economy must grow, so the prices will grow. Secondly, once you’ve paid off your mortgage, redirect your mortgage installments to more traditional retirement savings. Third, once you retire you can consider selling off your current home and buy yourself something smaller, which could possibly get you some extra cash to spend in your retirement years.
While these investment options come highly recommended by Adam Ginsberg, you should do your own research before you decide to put your money into them. And, if you come across some more lucrative areas to put your retirement money into, we’d love to hear about them.
Adam Ginsberg helps people to become financially independent with his resources like eBay auction templates, eBay software and other eBay tools. If you want to know more about his resources you can visit Secrets of an Auction Millionaire
, Success with Adam
or even Adam’s main website.
You can also listen to some testimonials from his satisfied customers