Real Estate Investing - Earn Money Without Working For It

There seem to be two types of people in the world?office slaves who very nearly treat work as a religion and who are in danger of neglecting the very families for whom they work so hard to provide; and people who have adopted more of a slacker mentality, convincing themselves that money isn’t important because they don’t want to be slaves to the workaday world.

Robert Kiyosaki, author of the Rich Dad book series, has money and he doesn’t agree. ?Anyone who says money isn’t important obviously has not been without it long,? he says in his book ?Cash Flow Quadrant.?

He knows because he has been in both situations. For several weeks in 1985, he and his wife were so destitute, they were actually forced to live in their car, after which they moved into a friend’s basement for nearly a year. They took only odd jobs, because wealth, not job security, was what they were after.

Four years later, they were millionaires.

While money is important, it isn’t important in and of itself, and that is why Kiyosaki and his wife didn’t rush out to look for the ?good? jobs they both could have gotten. It’s important because it provides for your basic needs and, if you have enough of it, it can give you time to be with your loved ones and do the things in life that truly make you happy.

One thing a job will never give you is extra time with loved ones. In fact, it will take away as much of that precious time as you allow it to.

Everyone sees the Catch 22, worrying that if they spend the time working to make enough money to do the things they want to do, they won’t have time to do those things. That is true. Working is not the answer. Making your money work, preferably in a solid investment like real estate, is the answer.

Kiyosaki seen been at that crossroads himself. ?Money is important, but I did not want to spend my life working for it,? he says in his Rich Dad series. Luckily he had the benefit of that rich dad’s knowledge of how the financial world works to see him through.

He knew that there was a way to be a responsible provider for his family without spending most of his waking life working. He knew the secret was become an investor.

When you become an investor, you are simply getting your money from a different place. What you want to do is take the money you get from your job, and put it into the I quadrant. That means that you now have money working for you. Your money is making money and you didn’t have to lift a finger for those extra dollars.

That is how you can have your cake and eat it too?because the money you make no longer represents hours of your life spent away in pursuit of a living, you can take those hours and reinvest them in spending actual time with your family, in pursuing hobbies, hanging out with friends. In short, you can reinvest them in your life.

Real Estate Investing For Your Retirement

Are you going to be able to retire? And if you do, will you be in a position to enjoy your life, pay medical bills and maintain an acceptable level of health?

Those can be chilling questions if you haven’t thought about them much. If you haven’t given them adequate thought, that means you haven’t prepared for certain inevitabilities.

Real estate investment can help you answer those questions and remove that chill factor.

Let’s face it. Not only will you not want to spend your golden years working, you may not be able to, regardless of whether you would like to. You may live well up into your 80s or 90s and be unable to do the job you are doing today?or any job for that matter.

You need to lay the foundation of security and happiness for your future self. Real estate can help you do that.

This is because, as your investments age, they should be making more and more money for you with less and less work output from you. It’s a sort of financial magic that will serve you especially well in later years. That’s why people get into investing in the first place.

In order to prepare for your retirement in this way, however, you must examine your core. That means that you will need to make sure your needs are taken care of in such a way that you don’t have to spend all of your time scrounging for pennies. You need the time to learn about real estate, and working in someone else’s office for peanuts isn’t going to get you that.

According to Robert Kiyosaki, author of the Rich Dad book series, you need to build a business system that can operate without you, thereby making money without working for it. Then take a portion of that money and invest it, thereby exponentially increasing your earning potential. Have you heard of making your money work for you instead of vice-versa? That is what this means.

As you grow older, you should be working less, not more. This is partly because your ability to work will decrease. But it is also because you deserve to be able to work less and enjoy your life more. Retirement isn’t about being forced out of a job?or at least it shouldn’t be. It should be about leaving a job to catch up with your life. To spend time doing the important things like hanging out with family and friends, engaging in hobbies that you enjoy and becoming involved in life-enriching activities such as spirituality or art. Not to mention getting enough exercise.

If you are in a job now that doesn’t allow you to do these things because it doesn’t pay enough or because you don’t have enough time left over in the day to learn to make a change, then consider switching to a job that pays more or gives you more time. Develop a business system in which you can train people to do the work for you. Then, when that is up and running, and providing you with the money and time you need, start learning about real estate.

Put your extra money into real estate investment?but don’t put in more than you can afford to lose on the learning curve. Real estate investment is a skill like any other and you will make mistakes. Don’t be the farm on your first few purchases. In fact, don’t bet the farm at all. Make sure you are making enough money to live on, and then enough money to invest on.

After a while you should see your money start to grow exponentially. Then you are on your way to a happy retirement.

About the Author:

Alex Anderson Helps Regular-People (Just Like You) To Successfully Invest In Real Estate. Enroll In Her Free - Educational “Investment Property Program” At: www.GreatInvestmentProperty.com

Why Use Private Money For Real Estate Investing? Reason 1

I?ll never forget it? my Realtor phoned and breathlessly told me about a deal that was too good to pass up. He described the property and the price and I had to agree- it sounded like a fantastic opportunity. Sadly, I told him I had no ready cash, and my credit was already overextended. I would have to pass. I glumly hung up the phone.

This experience, several years ago, lead me to examine how I was financing my investment properties. Because I was tied in to using my own cash and conventional mortgages, I was severely limited in the number and kind of properties I could acquire. I decided then and there to begin learning all I could about private money for real estate investing.

I gradually began to develop a stable of private investors, partners really, who had money to loan and were ready to make it available to me at a moments notice. Since I started putting the principles of private money for real estate investing to work, I haven?t had to pass on a ?once in a lifetime? deal for financial reasons again.

A perfect example occurred a couple of weeks ago that illustrates what I?m talking about. Again, my realtor phoned and told me about a foreclosure listing he had. The bank had sold the property, but the deal had fallen through. These have always been great opportunities for me, and this was no exception. Thanks to the fact that I have access to plenty of private money for real estate investing, I knew just what to do.

With just a couple of phone calls, I had lined up the financing I needed to proceed with the deal, and I stand to make several thousand dollars on this property when I close on it at the end of the month.

That?s several thousand dollars I would have been forced to watch fly into the pocket of some other investor if I didn?t have ready access to a flexible source of cash, namely my private money lenders. I?ve got several who are friends now, and our deals are always win-win situations for all parties.

If you need another reason to start building a network of lenders who can provide you private money for real estate investing, this is one of the best.

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