The world is technically a jungle of blackholes designed to swallow up all the presidential flash cards at your disposal, so there’s no doubt you have to be ready on a global level. This means you need to make sure your assets are rock solid. Take note: Income is king.
Here are four simple tactics that will help strengthen your income:
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Tactic 1: Real Estate Marketing
That’s right, putting your extra real estate assets outright on the market will help you reap the benefits. Make sure, though, you have an ideal place to live, preferably downsized later on in your life, or else it may not matter much to your wallet.
The thing is, you can sell your other houses for top dollar simply because you’ve put so much money into these places already—repairs, improvements, add-ons, you name it.
Tactic 2: Brand Licensing
Small businesses need to invest in something called brand licensing. The deal is, you’re investing a bit of money to expand your brand to other companies through your license. What does that mean? It means that these other businesses will actually set production for your brand, saving you tons of money, and increasing public knowledge about your business.
Tactic 3: Bankrupt Business Buying
Buying a business? You’re thinking, “Are you insane?” Here’s the thing: While it may cost a ton of money to obtain ownership of any company, you can actually find huge deals in obtaining ownership of “bankrupt” companies.
Why? It’s simply because these bankrupt companies have nothing to lose. They’re going under. But if you swoop in and buy out the company, you could potentially have a cash cow saved from total slaughter. Make sure you have tenacious management on-board as well, and it’s not only a company saved from death but also a company bringing in the more income for you.
Tactic 4: The Classic Stocks and Bonds
There’s really no need to go into detail on this one because it has proven to increase a company’s income on a wide scale, provided that you know what businesses to invest in, of course! You’re basically putting some of your money into how well a business does. If the business makes a profit, you make a profit.
When Financial Emergency Strikes
While you’re building your arsenal and growing your wealth, emergencies such as accidents and catastrophes can arise without warning. These dire situations often require immediate emergency cash to help you survive. If you find yourself facing a catastrophe and you’re strapped for cash, consider applying for an online cash loan. Companies like Great Plains Lending are in the business of helping people get through unforeseen events, calamities and emergencies. At times like these, having cash on hand is an absolute necessity.
Those blackholes may be dangerous to your dollar signs, but with the help of these tactics, rest assured that your portfolio stays intact, free, and clear. These are your weapons, soldier of fortune! Your assets await strengthening. Go forth and tackle the world.
Do you have other great tips on how one can expand a company’s assets? Share us your thoughts in the comments.