Tuesday, March 2, 2010
Home Business vs Real Estate, Insurance, Other types of investment
Yup. Lots of people making money in these areas. I tried real estate from 2 different agencies. Didn’t work out for me. Too competitive. It’s a dog eat dog world out there. Besides I didn’t have the wheels to perform out there. I too don’t have any extra property to rent out to make money from. Tried the futures market but got burned. What I’ve learnt about stocks and shares. I read from one of Robert Kiyosaki’s books – It goes something like this “If you got the time, learn how to do it right. If not then get some trustworthy expert in the field to help you with your investment.” You may need lots of cash to do it well. Be prepared to loose everything. High risk, High gain. Low risk, low gains. When I made enough next time with my Home Business, I’ll try it. But for now, I don’t have the financial power to. With the banking and Insurance powerhouse not doing well, I’ll skip this. Anyway, I personally don’t like the idea of getting the money after death. Even with Endowment plans or anything like that, the returns are not as good as what I’m able to get from a Home Business. Forget about earning from your savings from any bank. The interest rates are too low.
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