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ОглавлениеThe Four Fastest Ways to Profit
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as long positions. In business, we need to have an effective mix of three types of strategies to be effective over distances and become leaders in the market.
In my past businesses, I focused too much on long positions and neglected my short and medium positions. I would load up my real estate portfolio with long position buy-and-hold, cash-flowing real estate. In my music business that I ran in university, I poured my time, effort, and energy into producing a long-term brand strategy and forgot my short-term strategy. In my debt-buying business that I started in my early twenties, again, I had a long-term cash flow strategy but no short or medium position.
These cash-poor businesses were aggravating, painful, and hard to grow because there were no short or medium strategies to generate the cash needed to properly grow and expand.
In my early twenties, I spent most of my time working on cash-poor businesses with long-term strategies until I met J. T. Foxx (jtfoxblog.com). J. T. is a successful real estate investor who has transacted hundreds of deals, partnered with some very large money partners, and currently owns a huge speaking and coaching business. When I began to study J. T. and his success, I noticed he weighted his businesses around short positions and the fastest ways to make money.
The Four Fastest Ways to Profit
1) Flipping Real Estate: Flipping real estate has always been one of the fastest ways to make money in history. Real estate allows an investor to make huge gains with little or no work, and if you do your homework, real estate can be turned in thirty to ninety days with ease. If you’re in real estate, flipping should be a strategy used often as part of your portfolio’s cash generation strategy. The reason why flipping real estate is so lucrative is because for every dollar you invest, the bank will give you five to ten times what you put in. Instead of making a 5 percent gain, you can make a 50 percent gain in the same amount of time.
2) Local Marketing/Branding for Other People: Marketing and branding pre-existing local businesses is a very fast way to make large profits.