Tag Archives: Recession

9 Steps to Financial Prosperity

 

1. Make up in your mind that you want to control your own destiny:        Complaining and placing blame regarding your current situation doesn’t change anything. Any sort of physical discomfort causes a physical reaction. The same is true with mental discomfort. When you’re not happy and don’t feel good about where your life is going, realize you can change it. Just make up your mind.
2. Peacefully reflect on what types of things really interest you:
Quiet, peaceful thought allows you to hear yourself without the interference of the outside world. Find that quiet place, relax and allow yourself to hear what makes you happy, what you really like and are interested in. Make a list of these items. There is opportunity to profit in everything that gives you pleasure but you must first find out what that is.
3. Identify what your true and natural skill set is:
We all have gifts. Some of those gifts we were born with, others we have developed over time. What are they? You may be creative, analytical, mechanical or even charismatic. Whatever your talents are, identify them and list them.

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Your 401K and the Next Stock Market Crash, Plan Now!

It’s not a matter of if, but when the next significant market decline will occur. Utilizing a retirement vehicle such as a self-directed IRA can help you avoid serious loss. A self-directed IRA is an individual retirement account that gives you complete control over your investment choices. Stock market crash2Unlike other IRAs, you’re not limited to stocks, bonds, or mutual funds. This means you can take advantage of investing in alternative assets – such as a franchise, real estate, limited partnerships, and gold with your self-directed retirement account.

Opening a self-directed retirement account gives you the freedom to invest in almost any type of asset – meaning you have more flexibility in the amount of risk you take on and more potential for a higher rate of return.

The ability to diversify your portfolio by investing in alternative assets such as a franchise, real estate and precious metals can act as a hedge against market fluctuations and volatility.

Put your knowledge and expertise of a particular industry or niche to good use. Make investment decisions based on what you know and understand to grow your retirement savings.

Investing over time in a self-directed IRA that allows for tax-deferred or tax-free growth can significantly affect future wealth positively.

“Private Placements” is a term that refers to investing in privately held entities, such as companies or small businesses.  Banks have recently tightened their purse strings when it comes to lending to these entities, creating a higher demand for development capital from investors.

For those seeking funds, obtaining capital from a self-directed IRA owner can be simpler and faster than the loan process with institutional lenders. For self-directed IRA owners, this type of lending has the potential to bring higher returns than the stock market or CDs.

Providing private loans to businesses is an allowable way to diversify your retirement portfolio. Your self-directed IRA can invest in:

  • LLCs
  • C corporations
  • Private stock
  • Partnerships
  • Private placement memorandums
  • Businesses
  • Land trusts
  • Secured and unsecured notes
  • And more

To learn more about the different ways your IRA can invest in private placements, or to make a private placement investment, please Contact Us today.