A lot of people say, “you need money to make money”, which is not strictly true.
Yes, some projects do require investment, but I’ve started many businesses with no money and just my efforts. TV money expert Martin Lewis started his Money Saving Expert website for £200 and sold it for millions and describes it has his greatest ever investment. I would say the same about my business investments where my ROI has been infinite.
Assuming you do need money for a project, does it need to be your own money? Of course not!
People have bought and sold businesses, properties and funded projects, expeditions, corporate takeovers for centuries using Other People’s Money (OPM).
7 ‘no money down’ property strategies
Word of the Day
ROI / Yield
What is Return on Investment (ROI)?
“Investopedia describes ROI as:
Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.”
I say, “what I am getting out of this deal?” or “what will I get back on my investment?”!
ROI is sometimes confused with ROC – Return on Capital.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.