In my very first blog I mentioned I was interested in taking a course where I could make my money work for me, instead of the other way around. The obstacle of it being a 3 day course was overcome with a simple switch to a similar course, just not aimed solely at women over my half term. That I didn't mind as I'm a confident women and not easily intimidated, which is one of the main reasons for a women only course. An amazing course with a plethora of information. It really is true that people who are in the know are much better equipped at making the decisions which will affect their lives for the better, with that, I mean knowing ways to find/use money (and not always their own) to make their money work for them. I was introduced to a term known as 'angels' which since I have seen everywhere. Well maybe not everywhere but it seems to be popping up on other things that I am associated with like meet up which I've never noticed before. Angels are basically someone who invest money with you doing the work. A 'fee' is agreed, usually a percentage interest (just like the banks do) and this is added to the repayment. Why does this work? Well for you, you get the cash injection that you need and for them the interest is better than that from putting the moment in a bank. Let's face it, who's happy with the interest rate their bank gives them? And who wouldn't like more of a return on their savings? Well as an "angel' you get just that. It works for you too as once you've renovated the property, the selling price is obviously going to be higher than that of the price you paid plus the renovation costs. The extra money you make pays back the 'angel' and the rest you keep for yourself. Now clearly it's not that simple but the overall effect is clear. You don't need to have money to make money. What you need is the right mindset, a little bit of knowledge and a clear plan.
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