Banking and Finance

Banking and Finance  » Make Money Fast With No Investment-How Andrew Made $100,000 in 6

Make Money Fast With No Investment-How Andrew Made $100,000 in 6

Article:

Andrew Newberry is a distant family friend that knew about my

business acumen. He knew how I had been in his position only 24

months previously and had heard about the new life I was leading

with the wealth I had generated. I could hear the earnest

desperation in his voice, when he asked me "how'd you do it

Jack"? His question was open and sincere. In my eye's he was at

a point where there was only one direction for his life to

go...up.

Andrew needed to make money fast. His family were in danger of

losing the roof over their heads and although Andrew worked a

fulltime job, there were difficulties that created this current

crisis.

He couldn't understand how I had done so much considering my

humble beginings, while he had worked at his current job for

over 10 years and was saddled with the difficulties he was

currently experiencing. He told me he had no money to invest or

anything like that, but could I advise him on what if anything

was possible.

This was my response to him.

You see, what he was asking me specifically was, "how do I make

money with little or no investment" My mind ignored his

emotional pain and focused on the reality. That is the reality

of what he needed answering.

Talking about Real Estate investment or anything that needed a

capital injection was futile for Andrew, he needed to hear

something different. This is what I told him to do, step by

step. I told him that if he followed these two steps, he would

have $100,000 within 12 months. He did it in 6!

Step one, get a little money. Not much needed, a few hundred

dollars would do, but he has to find something as a seed capital

account. I gave him the URL of a broker that does paid surveys

online. These brokers represent companies that pay ordinary

people for their opinions. They typically pay between $50-$300

per hour. He got his wife busy doing these through the day and

evenings, they had $1000 within 2 weeks.

Step two, Go Shopping I explained to Andrew the mechanism behind

my success. Compounding, intrinsic value, leverage, rapid

capital gains, pyramiding profits. I then asked him to compound

that thousand dollars by 30% 19 times. In other words, I told

him to find 19 investment-objects that were for sale that he

could buy, that had at least 30% or more spare intrinsic value.

Intrinsic value is everywhere. Whether you are buying New York

sky scrapers of marble pool tables or Bertram boats, every

market has a percentage of sellers offering their goods at well

below market value.

Andrew started with old cars because he was a mechanic and now

he had a game plan he was going to compound his money with his

existing skill set. He traded up and up until he had $12,000 in

six weeks.

Get your calculator out and see how he did it, how he evolved

his money without a hitch. Start with 1000 then multiply by

"1.3" which is the same as 30% Don't press equals, just hit

"1.3" and multiply symbol again. Do that 19 times.

When Andrew sold his last auto deal, he was ready to get

involved in Real Estate. With $12,000 it wasn't much but it was

enough to start applying the same principles with Real Estate.

This is where his compounding really escalated.

It escalated, because now he was using leverage....borrowed

money. He called me on the day he was ready to start compounding

with Real Estate with another problem. As I advised him "get

into Real Estate Andrew as quickly as you can, around the

Today's Popular Articles

• 5 Ways Poor Credit Scores Costs You Extra Money

• 3 Reasons Why You’re Wasting Money and Time on Advertising If You are Not Publishing a Blog

$10,000 mark its time to get into that game"

He had a problem. The houses in his area were dear, he couldnt

see how having $12,000 was enough to get involved.

I advised him that he should forget about houses until he had at

least $40,000 He should focus on raw land. Raw blocks are cheap,

and easily re-zoned into a higher purpose. With just a small

investment at the local town planning department he could

re-zone a residential into a commercial or the other way around

where appropriate. Its called a "soft" or "paper" rennovation.

No painting, no work, just a few simple forms and a fee to pay.

Creating a new use is just one way to add value to raw land,

there are many others. Andrew researched and discovered them

all. He stuck with land after all was said and done. He

discovered buying a large block and subdividing it was very

profitable. The second deal he did, he bought a block of over an

acre, surrounded by established homes for $300,000 (with a bank

loan) It was a corner block and he split it into three handsome

sized blocks, tailored to the upper market. The first two blocks

paid out his loan and put profits in his pocket, the last block

he used as collateral for another bank loan where he built his

own beautiful mansion on.

He sold it for a final profit of $354,000

That was about 8 months after our little chat on that cold

evening.

To your health and rapid success.

About the author:

Jack Reynolds enjoys offering valuable insights about wealth

creation. If you want to discover how to build your own money

machine and you dont have much money to start with then follow

this link http://andrew1316.sourceq5.hop.clickbank.net/