Starting from scratch is tough but there are lots of places to find money to start

Starting from scratch is tough but there are lots of places to find money to start...

Many people I speak to about investing ask me this question about money; "don't you need to have it to make it?".

Well the truth is that, no you don't. But let me tell you it's a whole lot easier if you do have some to start.

The reason that it's easier is not so much to do with actually getting your hands on some money to start. Rather it's because of the extra fear and uncertainty, and the lack of belief that it can be done without having money.

So rather than trying to show you how to start building wealth from nothing I want to show you how and where you probably already have sufficient cash to start.

Sidebar: If you find yourself unable to get started because of debts or credit problems then this site will show you how to get your financial position right to begin investing... Get out of Debt

OK to start let's first decide on our main financial goal. For me my goal is to double my cash invested, each and every year. That's my minimum.

So you can see, if this is your goal, then the more money you have to start with, the faster you'll be able to retire.

As always though, you should begin with a small amount until your confidence and experience grows. But as soon as you do feel confident you should then allocated however much you decide. And as we said before, the more you commit to invest the faster you have more.

OK so where do we go to get money?

Firstly, the most obvious place to get money to invest is from savings. Wealthy people know exactly where their cash is going and you should to. If you don't already have savings, you should commit to saving now and then invest this instead of buying that new TV.

If you're in debt, then you first need to get out of debt. Have a look at this book by Mike Yorkey: Real Solutions for Getting Out of Debt. Go to the bookstore and enter "getting out of debt" in the Quick Search box... Money

For a lot of people the best and often untapped source of money for investing lies under their own roof. Yes it's equity that you have in your home.

When I talk to people about this option I sometimes get the response "but we trying to pay off the house, we don't want to borrow more money". Well let me say this; if you have equity in your home then it's not working for you. Remember in our Real Estate Investing section we spoke about needing to borrow to make real wealth.

It's virtually impossible to make money if you don't borrow. So set up a Line of Credit (if you don't know what this is talk to a mortgage broker) on your home and use the extra money to invest. DO NOT TAKE MONEY FROM YOUR HOME AND SPEND ON STUFF. This really would make you go backwards fast.

Rather take the money and invest in one of the strategies in this website. Start with a small amount and get your confidence and then grow.

Now still on your house; have you thought about fixing it up a little? I'm mean cosmetic improvements like we spoke about in the Real Estate Section. If you do then you should be able to re-value and re-finance your own home. You would then set up a Line of Credit based on the new appraisal and have access to even more money to invest.

OK so we've covered Saving and Equity from your home. What other sources of money can you think of? Maybe selling some of the stuff you own. That second car, or boat or that plazma TV. Believe me that the decisions you make now will shape the rest of your life.

You need to be thinking delayed gratification not instant gratification.

You know when we started investing we actually sold our new home that we built just 18 months earlier. We decided that we had to seriously get our finances under control if we were to have a life of freedom.

People talk about us living in a free world but do you really think we do? We have choices that's true but there's one thing that controls most people and that's money; or rather lack of it.

This money control that we are under stops us from doing what we were really put on this earth to do. And I think that's a real shame.

If you still can't find some money to start investing then think about the strategies that we've spoken about that need minimal money.

The lease/buy is a classic investing strategy that doesn't require much money. The advanced options strategies (see the homepage) can be done with less than $3,000.

Surely you can find $3,000.

As a final note on money; do not forget to invest in yourself. Take some of your money and commit to learning as much as you can. I have given you the basics and also where to go to get more information.

The rest is up to you.

OK let's keep going. We want to now look at protecting ourselves and trust me you do not want to overlook this section. Click here... Asset Protection

Disclaimer: The information provided herein is NOT FINANCIAL ADVICE. It is educational material only. You must make your own decisions when investing and seek appropriate qualified investment advice. The author is not a financial adviser.