Now before you think OK, I am going to find the secret to making a load of money. You won't find that information on this intel. Turning one solitary dollar into many many more can be achieved with the creation of invested wealth.
It literally applies to any wealth creation effect used in the world today.
How do you achieve this effect? the RIGHT answer for that is how long is a piece of string?
It comes down to many and varied ways, tips, techniques, learnings, strategies and also how you think.
Let me tell it as a story about Jane, now this story and Jane are fictional, but the principles are not.
Jane is 16 and dreams of being a home owner one day. Not only being a single home owner, but also Jane has an interest in property investment and see's this as a form of retirement later in life.
Jane lives in a fishing community, Jane see's an opportunity to breed worms and sell them as bait for the local fishermen.
Jane's mom, says 'I will invest $1.00 in this jar for your worm project, but you must take no profit and repay me $1.00 when it reaches $100.00'
Jane also has $1.00, so with the combined effort of $2.00 she purchases some local worms from a neighbor who has a farm.
Jane find out that a local fishing retailer will purchase worms, but only in 10lb lots.
So Jane, determined not by set back, decides to grow and reproduce her worms in the garden.
Over time, she has enough worms to sell to the fishing retailer, and earns $20.
She invests this in more worms and her younger brother decides to help as well as her parents. They also decide that profits will split 4 ways, yet 50% of those profits will go back into the worm investment.
More time passes and now Jane is making a steady weekly income in her worm venture and finally makes the $100.00 mark and repays her mom her $1.00 investment.
Also Jane find out about a local fishing competition to soon come to town and arranges a deal with her main customer, the fishing retailer, to supply a vast amount of worms.
Jane also finds a 1 acre block of land for sale, for the sum of $2000. She purchases the land and greatly expands her worm farm. She also starts to sell her worms to other fishing retailers outside her home town.
She now also has invested in raising guinea pigs and rabbits and sells these to many pet stores. She is also using the land she purchased to raise these earthworms, guinea pigs and rabbits.
Now 19, she sells her business with a nice profit and purchases a small dilapidated home on a small parcel of land for $13,000. This property is the running joke of local Realtors and all are surprised that this young girl purchased it. Over a two year period, Jane now also is working fulltime and uses her money and time when she can to transform the home and land into the best looking house on the street.
Jane sells it two years later for $27,000 to a retiring couple whom fall in love with the property.
Jane now purchases two similar properties to the first one, she also gains a small mortgage for both properties. With the help of friends and her family, she also transforms these two homes over the next couple of years and sells one at $39,000 and the other at $53,000 and pays out both the small mortgages.
Now at 25 and also with a boyfriend, they purchase small run down properties, repair them and for every second property, they sell for profit. Each other property they keep as a rental and start to earn a steady income stream from them.
Now 30, married with two children, Jane's home property portfolio is quite extensive and also has interests in commercial property. Jane also helps out those who cannot get a mortgage with Vendor financing through a process known as 'WRAPS'.
Jane also spends her time with running an internet property blog, a forum, and has written many articles about property investment. Now , a couple of publishing houses would like her to write a non-fiction book on property investing.
With this story, what you haven't read is the trials and tribulations Jane has also undergone. The set backs, the failures, the lost purchases and even some severe losses on her property purchases and sales. A couple of times, Jane may have even been in a position of having to start from scratch again.
Fortunately Jane has realised her dream, she has enough of a property portfolio to retire many times over......and all of this started with 1 solitary dollar.
What will you do with one dollar?
