3 Ways to Build Online Wealth

Due to the decline in our economy, more and more families are looking for ways to increase their cash flow. Going to school and getting an upgrade in your education is one way to do this but it can take a lot of time and financial resources. Another easier way for you to increase your cash flow is to build online wealth. 

My name is Adam Ginsberg and I work with people just like you to build online wealth. I started off in a similar situation selling pool tables out of a mom and pop shop looking for new ways to build my income. I sold a pool table online using eBay and my online wealthdegree got started. Brick and mortar stores are not the only option anymore. We can use online platforms such as eBay to sell products and services. What are you passionate about? What services and products can you offer? Now is your time to do what you really love. 

Here are 3 ways to build online wealth:

1. Define your niche. Don’t be like every Tom, Dick and Sally on the Internet. Set yourself apart from the competition and sell something different. We’ve all had moments where we thought, “If I only had a …”, life would be so much easier. We all can’t’ come up with Facebook, but we can get creative and think up something new and useful. 

2. Don’t be boring. Don’t be afraid to step outside your comfort zone or think outside the box. Once you define what you’re going to sell online take a look at the competition. Your online wealth strategy depends on it. 

3. Get Educated. If you don’t know anything about eBay or other e-Commerce platforms, now is the time to get educated. Take an eBay learning program and learn everything you need to know about how to sell online. You can’t get started building your online wealth without education. You can also look into getting an online wealth mentor who has been down this road before.

My hope is that you take this information and start building your very own online wealth formula.  I love working with entrepreneurs just like you. If you have any questions or concerns, please feel free to comment below or contact me via my blog.

 

About Adam

Adam Ginsberg is a wealth of experience when it comes to making money online. You can find him online and also check out his secrets of an auction millionaire.

Ginsberg Shares his Mantra for Managing New Found Wealth

Okay, so you took Adam Ginsberg’s advice and started your real estate investment business, and ended up making huge profits for yourself. Do you now find yourself loaded with money, lots of money, that you don’t know what to do with? Don’t worry! Adam Ginsberg has some useful advice on how to tackle that too. He is, after all, one of the prominent entrepreneurship and wealth building coaches that this generation has seen.

1.      Set a benchmark for your lifestyle

So, you have a few million greenbacks in the bank from your new found success in business venture. Are you now wondering how and where to spend it? Hold up and step back a bit. Adam Ginsberg says that it’s very easy to lose your way with new found money, and it’s just as important to plan how to manage your money as it is to earn it. The first step is to figure out the lifestyle that you want to live. The next step is to allocate a fixed percentage of your wealth to that lifestyle. For example, you end up with $5 million in your bank after expenses and taxes. Now you’d want to upgrade your lifestyle from say $200,000 a year to say $500,000 a year. That’s 10 % of your net worth. Do you think that you’d be able to maintain that lifestyle year after year, even if you don’t earn any more, or would you rather scale it down to $300,000 a year and make some smart investments with the rest?   

2.      Find the right wealth managers

Once you’ve got your lifestyle figured out, the next step is to find good reputable wealth management firm who can invest your money for you and get you some great returns on the investments. You wouldn’t want your hard earned money to just end up in some bad investments, now would you?

3.      Enjoy your wealth

What’s the point of earning all that wealth and not have the time to enjoy it? Adam says that enjoying your wealth is just as important as earning it. The enjoyment reaffirms your belief systems and keeps your positive attitude going for future successes. 

4.      Keep your feet on the ground

As much as enjoying your wealth is important, equally important is to keep your bearings about you. It’s very easy for new found success to go to your head, where you start feeling powerful and invincible, almost immortal. Don’t let that happen. Don’t treat your friends and family any different than you used to earlier. Sure, you can bestow lavish gifts on them, but don’t expect them to do the same for you, or be subservient to you in any way. Remember, true happiness lies in genuine relationships that you build over your lifetime.

Adam Ginsberg follows these principles in his personal life and to manage his wealth. You can do it too with a bit of discipline and self-control. For more help on the subject you can write to Adam and learn the secrets of the auction millionaire.

Adam Ginsberg’s Top Sources for Real Estate Information

As discussed in an earlier post, real estate investment can be a very lucrative and profitable enterprise. However, since it is a market that is spread over towns, cities and entire countries, it is very important to get correct, reliable and timely information for you to be able to profit from.

Adam Ginsberg reveals the sources that he goes to when he is looking for reliable, up-to-date information on real estate markets.

Media

According to Adam, newspapers, magazines, websites etc., make for a good source of multiple, up-to-date listings that can provide an investor with accurate scenarios, like prevailing prices, development projects, reputed agents etc., in a particular market.

Realtors

Realtors or real estate agents are probably the best source for the latest information on a particular locality or town as they are the people with their ear to the ground. A reputable realtor can be a useful ally in getting you the latest information and great deals in their market.

Banks and public agencies

Banks and certain public agencies can offer some great investment opportunities in properties owned by them, which they have been unable to sell. These properties usually require a considerable amount of renovation, but the upside is that these are priced much lower than their market value. Adam Ginsberg highly recommends building relationships with people handling real estate departments in banks and other govt. agencies.

Bank Foreclosures

In the last few years, bank foreclosures have emerged to be a great opportunity to makemoney in real estate. Because of the huge number of foreclosures that have happened because of the economic downturn, many investors have managed to snap up some really great deals, especially with banks being in a hurry to liquidate their holdings. Buying a foreclosure property may require you to spend some extra money in renovating the property, but because you can buy the property much below the market price, the cost of renovation won’t seem like much.

 

The various resources mentioned by Adam Ginsberg above can prove to be very profitable for your real estate investment, provided you do your research into which properties would suit your investment model and which ones you could sell faster.

For more tips by Adam Ginsberg on making money in real estate and online, visit Ginsberg’s eBay tools and resources.