So what?

So what? My passion has caused me to get upset & where did that land me. Well lesson I am still learning is to control that anger caused by my passion.

When I got upset with bank in the end because banks all concentrated on what I earned not on what deals would do to bring them in cash flow positive. It showed they lacked financial IQ & business advisor showed they didn't know what a business was. So I got upset took my business elsewhere to only find they were no better once I had signed up. If I had let the situation cool & thought about it I would still have the good debt of a cash flow positive asset (even in these times) & then had an amount to invest as I have now done in portfolio investments.

What is a portfolio investment? It is something you have no real cash flow from but are investing for capital gains which in my case is to invest in cash flow positive assets. Ideally you invest for both cash flow & capital gains. The only problem with capital gains it is not guaranteed & things do not always go up as salespeople claim.

So my issue now is cash flow. Instead of getting a job which is always a fall back, it is pushing ahead with business idea & using my greatest asset (the bit between your ears) to see new opportunities.

One of those opportunities comes via my blogs. By adding Adsense adverts I can earn an income when people click on the adverts beside the blogs for a certain amount of time. In fact yesterday there was an article about a 61 year old who had set up a website in Auckland NZ & is now earning $20,000 a month from adsense. Ok not all will go to that level but it is the type of thing you need to look at.

Another idea that people can look at is solar panels & small wind turbines. These seem expensive to purchase, $7,500 for 1KW solar or wind power, $15000 for 2KW, but when you are aware (most people aren't) that recently here in NZ the lines companies were given permission to raise their prices by rate of inflation as from April 2010 & that when set up properly these alternate power sites can send excess power to some of the companies for payment, suddenly these become very much an asset.

So getting a loan for such an asset would make sense first on bills you no longer pay & then cash flow you are likely to get.