In today's world; where information overload abounds, many still remain average because of insufficient the best information. Should you turn on your T.V, radio or log on to the web, you will find thousands of financial advisers churning out investment advice daily. You can now wake up tomorrow and provide advice. Even your next door neighbor can provide you some incredible financial advice, hot tips or inside information. But the sad news is the fact that all advice are not equal; and most of advice offered is worthless.
The world is stuffed with fast talking financial advisers but unfortunately; over 90% of financial advisers, financial planners and brokers don't know what they are doing. As well as if they do, they do not practice the things they preach. I have seen stock brokers that don't invest their own money in the stock exchange; they simply feed fat on clients and investors. Now let me know how such a broker will offer you a tangible investment advice. I've received a lot of financial and investment recommendations; both solicited and unsolicited. In my opinion you share this same predicament with me. Probably the most popular financial advice I hear from time to time include:
Visit school to get a great job.
Stocks is the best investment.
Buy now and hold; Invest for very long term.
Mutual fund is the best low risk investment.
Live below your means.
Avoid risk.
Avoid debt. Debts are bad.
Save for that day you need it.
Don't carry all of your eggs in one basket; diversify.
Don't diversify; focus.
Hedge funds are too risky.
Don't take risk. Turn your hard earned money over to a fund manager.
Avoid real estate investments. They're capital and management intensive?
This list of advises goes on and on. But it's sad to say that of all the advice I have received; only few have profited me tremendously and something of these good financial advice is that this:
"Don't live through your means. Expand your means" - Rich Dad
Of the few advice that have profited me financially, I want to reveal to you the best financial/investment advice I have ever received. And if you must know, this advice was offered to be by my mentor; "Robert Kiyosaki." Now what was his advice?
The very best financial investment advice I've ever received.
"First purchase building a business. Whenever your business produces enough income, then you can begin investing in other **ets." - Robert Kiyosaki
I really thank Robert Kiyosaki for giving me this piece of advice. It's the best investment advice I have ever received and this single advice has made me millions. This advice is why I tag "starting a business" because the best investment opportunity with the highest roi. So when I am asked the question: What's the best way to invest money? My answer is usually this: "First invest in yourself; then begin a business." Many people respect Warren Buffett and George Soros as great stock investors; however that stock investing did not make these men billionaires. These men became billionaires simply because they built mega businesses and used this business as leverage to purchase other manufacturers.
Today, I see many people going from this simple advice. huge numbers of people looking to get rich by investing part of their salary. The sad the fact is that they're not going to make headway simply because they can only acquire limited **ets using their salary. I have seen people having their investment portfolio destroyed within their bid to make a kill around the stock exchange. The problem with one of these individuals is that they are investing alone against well structured businesses with huge amount of money.
"First purchase creating a business. Whenever your business produces enough cash flow, then you can begin purchasing other **ets." - Robert Kiyosaki
Since I received this financial advice, I have concentrated my efforts on purchasing building a business. And thru my business, I have made couple of investments with pre-tax dollars and also the banks are willing to lend me money simply because they can see my business system in operation. Now i'm not really a tax strategist or perhaps a financial adviser so it's better you consult one for better understanding on investing with pre-tax dollars.
To conclude, the most crucial point I want you to remember is that building your own business is the best investment you are able to invest in due to the leverage it provides. Yet, it is the riskiest investment due to the high failure rate. When you develop a business as well as your business begins to generate income, you'll be able to invest in other businesses and **ets such as real estate, stocks, etc. In addition to the financial leverage your company offers, you can leverage its brand within the purchase of **ets. Brand leverage 's the reason McDonalds' own the most expensive properties in the world.
secure investments
Lastly, you are able to leverage the competence, intelligence and professionalism of the business team to take down investment risk. Investing with a team will also place you ahead of individuals who attempt to invest alone. So whether you are thinking about investing in stocks, property, commodities, precious metals or business startups; first invest in building your personal business because it pays in the long run. Please talk to your financial adviser, CPA or tax strategist to get advice on the best possible ways to make use of the tax loopholes in business.