4 Simple Strategies For Making More Money

Calgary Financial Advisor

They say there is nothing new under the Sun. True, most people just do not know what's under the Sun. Just think of what you could do if you had more money...Finally, go on that family vacation. Go to more movies. Buy a new mattress. Here are 4 strategies to help you earn more moola.

Strategy # 1: Buy low and sell high. There are always people who need quick cash and are willing to part with their valuables at a discount in order to sell them quickly. This presents a great opportunity for keeners. Numerous times over the years I have bought a motorcycle or vehicle at a great price and sold it 2-3 years later for more than I paid for it. Knowing the value of things (which you can easily learn by doing a bit of market research) enables you to find things being sold at less than their true value. You can buy these things, use them for however long you need them, and often you will be able to sell them for the same or even more than what you paid for them. This is a great way to have more money in your pocket and all it takes is a bit of time and effort on your part to educate yourself. 

A few years ago we bought a condo in Arizona where the owner had abandoned a renovation. To us, it had "discount" written all over it. We bought it and invested $5000 to finish the reno. Since then, we have made several thousands of dollars in rental income and the place has nearly doubled in value. Other people's mismanagement of their assets can become your greatest opportunity. These opportunities exist every day and you have to be ready to act wisely when they present themselves.

Strategy # 2: Always ask for a discount. Saving money is as good as making money. I can't tell you how many times, in a half-joking manner, I have asked for a discount and got it, even at big box stores like Rona. "Sometimes you have not because you ask not." It doesn't hurt to ask!

One of the first lessons we learned about financial success is to have many sources of income. The second is learning to live beneath your means in the good times so that you can not only survive but thrive in an economic downturn.

Strategy# 3: Find a need and meet it. If you want to be successful in life you have to find a problem and solve it, find a hurt and heal it, find a need and meet it. There's literally a thousand different ways to earn money from a business. Create websites. Operate someone's social media. Fix cars. Renovate. Painting. Restoring furniture. Selling Newspapers. Mowing lawns. Find something you can do and go do it. We recently did this for fun and to prove this point. We put an ad on Kijiji that we are available to provide overnight care for Pets. We have since met a family and we have made $100 dog-sitting while they were away. Everyone has a need, or a problem that they need help with. 

Strategy # 4: Free Money. The government offers savings opportunities where they match the money you put in to save for your child's education. The RESP (Registered Educational Savings Plan) for example. The government will give you $20 for every $100 you contribute. Our son just finished University debt free, partly due to his RESP.

Also, many employers will match dollar for dollar, into a retirement plan, up to a certain percentage of your salary. Typically, the longer you work for the same employer the higher that percentage rises. It amazes and startles us that so many people do not take full advantage of all these easy opportunities to make money. 

Upcoming Workshops on Strategies for Retirement Income Planning: click here.

 

Willis & Nancy


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My wife and I realized a long time ago the value of a financial planner over just a bank representative. We just felt like a number to the banks as every year it seemed we saw a different adviser with a different view. But finding a trusted, knowledgeable and personable financial planner took a lot of time and effort. It just seemed, so many large corporate Financial Planners were more concerned about what they could make off of us rather than what they could make for us.
What we wanted, was not just reasonable returns now, but good personal advice in our preparation for retirement and what happens when retirement actually arrives. We wanted someone who would be walking with us, guiding us on our way to retirement.
From the first time, we found the web site for Langford Financial Inc, we could see the knowledge of Willis and Nancy and a real effort to educate and pass on their knowledge through seminars, workshops and their personal service. Once I reached out through their web site for more information, Willis was quick to respond, offering and giving whatever information I was looking for and never was there pressure to commit to anything.
The feeling of comfort and ease when talking with Willis was inviting enough for us to want to meet with Willis and Nancy, just to see firsthand if there was a connection and what working with them would look like.
And when we did meet for the first time, that feeling of comfort and ease was very evident. It was a unique experience for us to be able to sit down and get to know a financial planner (or a team of both Willis and Nancy) and not have any sales pressure on us. Just getting to know Willis and Nancy was important for us. We needed to be comfortable with them and see their competence in the business, and it was obvious that Willis and Nancy wanted to know us better so they could know how best to help us.
Once we decided to move our accounts over to Langford Financial, we found their process was comforting and refreshing as Willis and Nancy first worked at evaluating our complete situation. They dug down to get a complete picture of where we were at, where we wanted to be and how to get there. This took some reflection on our part but once we saw how they put it all together in our “Financial House In Order” binder, we were confident we made the right decision to go with Langford Financial.
Since the time we started working with Willis and Nancy I have attended many of their seminars and can say the information they have been teaching has been amazing. Always relevant, and consistent with their desire to help those coming up to retirement, and covering so many different situations as everyone has a different life situation. I know more than one of the tax-saving strategies they taught at their seminars will work for my wife and I, so we are very happy about that.
We would definitely recommend Langford Financial, not just for all your retirement planning needs, but they have great ideas on savings for your grandchildren too!
Paul and Elaine Radder

Paul & Elaine Radder
Long-term Clients

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