YOU CAN’T AVOID SPENDING MONEY TO MAKE MONEY
Those who are successful know the value of spending money in order to make more of it. They see the big picture potential, whereas misers only perceive an immediate loss.
If you find yourself always choosing the cheapest option during your investing journey, it is likely you will get the cheapest result.
In fact, by trying to save a few dollars here and there, you may be missing out on opportunities that will make you richer in the long run.
Warren Buffet says, “Price is what you pay, value is what you get.” Being a tight-arse won’t bring in the big bucks!
Don’t get us wrong, saving is definitely important but in order to maximize success, it is essential to look beyond cost and see the value of investing your money wisely in education, seeking expert help and developing a well thought out strategy.
LEARNING HOW TO PART WITH MONEY
Author of The 10X Rule, Grant Cardone, says it is impossible to get rich by savings alone. He says, in order to build wealth, you need to “let your money do the heavy lifting.” He says he invested $50,000 to start up his second company. This company subsequently paid him $50,000 back every month since.
This is what good investing is all about – using money to grow even more.
When it comes to investing in property, it is essential to part with a very large sum of mostly borrowed money – with interest attached.
Paying for the services of someone who can help you maximise returns and grow your portfolio quickly, as well as negotiate a low purchase price is money well spent. It may be the difference between owning one or two investment properties and 10 or 20 down the track.
BILLIONAIRE’S KNOW THE VALUE OF SPENDING MONEY TO MAKE MONEY
Texas born self-made billionaire, Harold Simmons grew up in a shack without electricity or indoor plumbing. He knew what it was like to be dirt poor, so you’d think he would want to hold onto whatever money came his way.
However, in 1960, at the age of 29, Simmons threw all his savings ($5,000) against a $95,000 loan in order to buy a pharmacy. This was a huge amount of money at the time, but he was not afraid of spending money in order to make money.
By 1973, Simmons had turned this pharmacy into a chain of 100 outlets which he sold off for more than US$50 million.
Before he died in 2013, Simmons was worth approximately US$10 billion.
Simmons didn’t hold onto every dollar that he earned. He parted with his money and took educated risk after educated risk in order to build extraordinary wealth.
CHOOSING THE CHEAP SUBSTITUTE MAY BE AN EXPENSIVE MISTAKE
Most of us know what it’s like to get ripped off. Sometimes we choose the cheapest brand or the best deal, only to discover that we have purchased a piece of junk.
Then, we go and buy the better brand.
When it comes to property investing, paying less for the wrong experts can be a very expensive mistake. You may think you have saved money, but because you haven’t gotten the right advice about what to buy, you potentially wind up directly losing hundreds of thousands of dollars, or forgoing the potential to make them. As a result, you may not even have the option to just ‘buy another one’.
It is better to choose professionals with a proven track record in helping investors achieve their financial goals. Finding the right team of experts means you will have a greater chance at success while lowering the risk of failure – an advantage well worth paying more for.
GOING SOLO CAN COST THE MOST
When it comes to small things, most people are happy to spend money on eating out at a restaurant because they know they will get food that is tastier than what they could cook at home.
They are also happy to pay for a personal trainer or group fitness instructor because they know they will get better results than if they had to come up with their own fitness regime.
What about property investing? It’s the same principle. Paying for the right team of experts to assist you at every step of the way will deliver results, whereas trying to do it yourself may leave you in a sticky mess.
With something as important as property, isn’t it even more important to choose wisely and pay for the right service?
YOU GET YOUR MONEY’S WORTH WITH BINVESTED
Nathan Birch and Daniel Young started the Binvested group of companies with one purpose: to help other Australians achieve success through property investing.
By using Binvested, you will be able to pick the brains of two of Australia’s most successful property investors to find out everything you need to know about investing.
Group MAP sessions are run in person by Daniel Young, an investor renowned for his strategic approach in laying the foundations of a successful property portfolio. Clients get the chance to have their personal situation reviewed and have all of their questions answered.
BINVESTER PROPERTY INVESTMENT AGENTS IS MORE THAN JUST A BUYER’S AGENCY
Property Investment Agents (PIA) is just that – a company that specializes in finding investment properties. Many buyer’s agencies will simply source properties that their clients want to buy. In contrast, PIA finds the right types of properties for each stage of their client’s investing journey.
If you choose to use PIA, you will have Nathan Birch on your side. Over the past 13 years, Nathan has built an extensive network of selling agents who give him first pick before putting their properties on the market.
Nathan has also established himself as one hell of a negotiator, sourcing properties that generate wealth, for both himself and his clients every week. In fact, if the numbers don’t stack up, Nathan won’t buy it – it’s as simple as that.
PIA also streamlines the entire purchasing process. They help to organize the pest and building report, landlord insurance, property manager and even take care of selling agents who try to up the price after the deal is done.
It’s kind of like having your own personal assistant who can outsmart real estate agents by using their own tactics against them – definitely worth the money.
DON’T SELL YOURSELF SHORT – MAXIMIZE YOUR CHANCE OF SUCCESS
So, instead of seeing money spent as being money lost, look for the value in what you are paying.
If someone offered you a diamond for $1,000, or a cubic zirconium for $750, which one would you choose?
Sometimes the cheapest option is not even worth paying for , whereas with Binvested you can be sure you will get results.