Savvy Money Making Tips Using Promissory Notes

Changing Times Require Changing Solutions

Fast and Easy Money Making

Be skeptical of promises that offer the opportunity to make easy, fast money; but, making money over time, based on compounding interest and sound investing principles, should be seriously considered. Savvy investing can make you rich; just saving your money probably will not.

Using Promissory Notes Intelligent

The novice investor, and the investor new to promissory note investing, should base their understanding and learning on simple principles, not on complex rules and formulas. One basic principle is: if making money with promissory notes was quick and easy, everyone would already be doing it. As in all worthy calls, education, training and experience are required to become successful.

Getting educated and trained requires work and time; most people are unwilling to do what is necessary. That creates opportunities for those who have done what is necessary to be prepared; they have a larger selection of investing opportunities, plus they have the know-how to do it right.

Start at the Beginning-Start With Yourself

Before jumping into the investing process, start by understanding your own capabilities, assets and liabilities. Write answers to the following questions:

• Have I written my own investing goals?
• Are my investing goals realistic?
• Do I know my current financial situation-assets, liabilities and income?
• Have I evaluated my emotional tolerance for risk?
• Have I evaluated my financial tolerance for risk?
• Have I determined how much time I can devote to investing activities?
• Have I become knowledgeable about the basic terms and functions of promissory notes?
• Have I become knowledgeable about the basic terms and functions of mortgages?

These questions should be analyzed and addressed openly, honestly and thoroughly before moving forward. They form an investing foundation upon which you will build. If you fail to…

Source by Lawrence Tepper

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