Why Self Directed 401K Is An Excellent Investment Option For Realtors

Self-employment is a common practice in the real estate industry and it is quite often when you find a self-employed Realtor. There is no doubt that being self-employed is a reward in itself considering the choice of working hours and picking up your own assignments. However, most of the self-employed real estate professionals would get a bit uncomfortable if you initiate a retirement discussion. The regular retirement plans are excessively small for them and they do not consider retirement as a matter that requires immediate attention.

Another common problem with real estate investors is the limitations in traditional retirement plans. Most of the plans offer a contribution limit of $5,500 and these investments are primarily made in the stock market or mutual funds. All of these factors make conventional investment options unattractive for Realtors. However, a self directed 401k is a retirement plan that offers much better investment opportunities.

What are the benefits of Self directed retirement plans?

Self directed 401k plans offer complete investment freedom to the account owners and they can self-manage the account. Realtors® often work with their spouse or work alone, which makes a self directed 401k the perfect retirement solution for them. Another interesting aspect of these retirement plans includes investment options such as mortgage notes, real estate, tax-liens, and investment in precious metal. Further, real estate professional can use their retirement funds for real estate investments.

In addition to the control over self directed 401k plans, these plans come with large contribution limits. For an instance, Realtors can make annual retirement contributions of up to $53,000 annually in 2015. If they are working with their spouse then even the spouse can make additional contributions of up to $53,000. For individuals above 50 years of age, there is an additional catch-up investment of $6,000 in 2015.

Another excellent feature of a self directed 401k is the ability to borrow 50% of the available funds with maximum cap of $50,000. Most of the real estate professionals require financial aid in regular deals and they can borrow money from their self directed retirement account. The borrowed money comes with reasonable interest rate and you are actually paying interest to yourself. Borrowing from your retirement account does not have any impact on your credit history as well.

Managing these retirement accounts is easy and takes only a few hours to setup the account. One can choose banks, financial institutions, or even private companies as their custodian. These accounts come with minimal maintenance fees.

With self employed retirement plans, you can enjoy your golden years knowing that you have saved enough for your retirement.

Windows for Self Improvement / Online Marketing

Windows for Self Improvement / Online Marketing

How Clear Are Mine?

On the Road of Life there are basically three types of people. The first is the DRIVER, whose purpose and objective is to control the movement and direction of the vehicle. They are in charge of the situation as they have access to the gas pedal, the steering wheel, and the brake pedal. The second is the PASSENGER, whose choice is to be the person being taken somewhere. They basically sit there and hope the driver gets them where they wanted to go. The third is the BACK SEAT DRIVER, whose purpose is to let everyone in the vehicle know when to turn, to stop, and even to turn. Because they are not in control of the vehicle, they are basically a passenger, although their constant stream of directions would have you think that they are the one driving the vehicle.

Which of these three are you? On the road of life, once you know where you want to go it is a lot easier if you are the driver. The other two are passengers at best, with no real control of the vehicle. Use these online business ideas to add more impact to what you are working on as an online marketer.

The following list of Windows of Opportunity is designed to challenge your mind into evaluating the total picture; where you are today, with a bird’s eye view of where you want to go. The objective of the presentation is to give you a checklist of items that may be holding you back; in your career, your relationships, and general happiness in life. Look and evaluate each one objectively. This is a self-evaluation tool for your use in determining what needs to be done for a stronger self-image and easier approach to reaching all of your set goals. This list allows you to understand what works well for you and of course your shortcomings. The final evaluation should give you a good objective look at your strong and weaker areas of development, with the opportunity to become the DRIVER on your road of life. Visualization creates Realization. What you see, in your mind’s eye, is what you get.

You create your own reality. Take charge and march off. It doesn’t matter who you are, what line of work you are in, or what phase of life you are currently in. These windows apply to anyone and in particular the DRIVERS in life who are always looking to become better at who they are.

RESPONSIBILITY

Question to ask yourself: Am I willing to accept total control of my life? Many of us say we have control, but the fact is that it is always easier to point the finger at someone else. It’s their fault, not mine. You know people that think this way. They are in both our personal as well as business life. The only person staring back at you when looking in a mirror is yourself. This ultimately is the only person you are responsible for. You as well as everyone on the face of the planet are uniquely different. Our unique set of life experiences is completely different then others. Your world is unique to you, and everyone has one. Even identical twins, with some separate life experiences, will ultimately look at life differently. Once you understand how unique and different a person you are compared to the other multi billion humans on the planet, then change starts to take place. You are uniquely different. Be proud of it, and in doing so accept the responsibility for who you with the understanding that you can be whomever you want to be. If you are unhappy with your life, you are the only one that can change the status quo. Take the first step and take over the driving. It is your vehicle.

VISION

Question to ask yourself: Where am I going? Where are you going? Do you know or is someone else driving you there? Vision is a long-range view of where the road is going. Unlike bifocals that allow you to see things close up, you need binoculars to see the long view. Large companies look at their business up to ten years out. To see where they will be with the changing trends etc. You should be the same way, wanting to know how the end result will be, based on knowing what is down the road. When setting goals, they should be set one year out, three years out, and even five years out. Remember the old cliché Fail to Plan – Plan to Fail. Without the use of vision, we are working with the smaller picture. Great at the moment, but not useful long term because of the broader view needed of the bigger picture. With vision the road of life becomes straighter and easier to maneuver.

COMMITMENT

Question to ask yourself: What am I willing to do to get there? Stand for nothing, fall for anything. Is this you, or do you really believe in yourself so much that no challenge is too big to handle? Commitment is an internal mechanism that drives us to higher levels of performance. It is built on the principle that we understand and support what we believe in. Whatever the challenge, there is always a way to achieve the goal. The key words are Find A Way! The road of life is not always straight and smooth. We know that only too well, but once this is understood, we can reduce the bumps and potholes to minor inconveniences. Life is not a destination, but rather a journey. The journey has its ups and downs. The point being made is that once this information has made us aware of the road conditions, nothing will hold us back from preparing for the worst case scenario, and taking off for our destination.

ATTITUDE

Question to ask yourself: Do I have the disposition to achieve happiness? The disposition is the condition of your subconscious mind, approximately 88% of the total capacity, and a storehouse of life experiences. Compare this area of the mind to a file room of information that holds every bit of information that has come into your mind since birth. The other mind, the conscious mind is what critically analyses and makes our waking decisions. It is only approximately 12% of your capacity and clearly the minority when life decisions are made. If there is conflict between the conscious and sub conscious minds, the subconscious will always rule. That is why many times as an adult you question why you made the same decision numerous times, even though consciously it made no sense. The reason is that the subconscious mind with its strong file room of beliefs, emotions, and values over rides it. Your attitude is a direct reflection of the state of your file room. A long life of praise, admiration, and support will have given you a positive outlook on life. A long life of criticism, put down, and sometimes abuse will have shaped a negative view of life and your place in it. See the difference? The positive person is the optimist; the negative person is the pessimist. Can you change these factors? Of course you can. It takes a lot of the first window, Responsibility, with a commitment to change. Learn about hypnosis and in particular self-hypnosis. These tools allow you to change behavioral patterns or habits. Your tomorrow starts today. Become whom ever you want to be.

SELF IMAGE

Question to ask yourself: Do I feel, look, and act the part? I always say you don’t get a second chance to make a first impression. People in general will create an opinion of another on a first meeting in less then ten seconds. If you are in sales, do you believe in yourself enough to create the impression physically as well as mentally? It is amazing how many people do not believe in themselves and lose credibility when involved with others. Your self-image many times is a direct reflection of your attitude. If you are the positive person we described earlier, you probably project that feeling outwardly with your personality, conduct, and even the way you dress. Work on mating the two, your attitude and self-image, as these are what people see as the person – you.

PRIORITIES

Question to ask yourself: Do I have a map to follow for the rest of my life? It is sad to say but many people on the road of life only plan one day at a time. Ask your friends, associates etc., where they will be in ten years and I am willing to bet that many of them will tell you, “How do I know?” I am not even sure of where I’ll be next week. Without a roadmap, how can you possibly find the shortest and most convenient route to follow from point A to point G.? A map makes a world of difference? This map should be looked at as your set of short, medium, and long range goals. Without setting goals or objectives, you are going out with less than a full set of directions and probably will get lost in the process. Learn to work with goals even if you start with short term ones. Get the feel for them; see that they do help in reaching the objective easier and faster. Then move into setting longer ones. Learn to break dreams down into specific goals that can be measured and evaluated. This is the key to driving on the road of life with less stress and heartache. Before setting goals, set your priorities. The road of life changes as we move down it. As teens our mantra was “Party”, as more seasoned drivers – education, families, and other developed experiences become the priority, and in our mature years it is security. Our drive on the road of life changes as we age and season. Priorities at different points in life change. Change is the only constant. Become more aware of where you are today and where you want to go tomorrow. Don’t forget; plan for it – the way you want the outcome to be. You will be surprised at what your mind can achieve.

NETWORKING

Question to ask yourself: Am I sharing my experience with others? It is said that no man is an island. The point drawn from this old cliché is that we are always in contact with others. Whether in business or social life, we interact with other humans, sometimes daily. Remember from an earlier statement, we are all unique individuals. Our individuality stems from our life script or full life experiences. What we bring to the table in any relationship is that unique application and world full of our experience, that when coupled with another’s can create synergy and dynamic performance. Never sell yourself short. You bring a lot to the table. At the same time become aware that the other person has the same, yet different qualities. You can benefit from them as well as they can benefit from you. It now becomes a dance, following a rhythm that both of you create. Life progression is about sharing life experiences for maximum benefit. It happens in business as well as in our ordinary social lives. Become a networker, challenging yourself to meet new and interesting people on a regular basis for a broader view of life and your specific place in it.

EVALUATION

Question to ask yourself: Am I willing to constructively criticize myself for continued growth? In reality the two most important windows of opportunity on this list are the widows of Responsibility and the window of Evaluation. If you have accepted total responsibility for yourself, then it makes sense that on a regular basis you look at the big picture and challenge yourself to change. Change brought about by your growing life experience, circle of friends and associates, career path, etc. Remember you are the only one that talks to yourself on a regular basis. Even while reading this report your mind is wandering and sometimes chattering to you. No one really knows your world well enough to make constructive evaluations but yourself. If you are going to grow as a person, as an active member of society, then it falls upon your shoulders to constructively evaluate your life performance on a frequent basis. This might be done quarterly, semi-annually or worst-case scenario, at least once a year. I recommend that you do it monthly for best effect.

Tips For Pinpointing A Hot Target Market

Do you know how to pinpoint a hot target market? The key is doing your homework, seeing what’s selling, and analyzing the prices of some of your competitors in your area. I know for me, when I do my market research, I take a look at the facility, I join their business to see what kind of backend materials that I receive, and I take a look at the marketing materials that will also be sent with the direct mail package.

These are just some preliminary things that I like to do before deciding if whether or not I can blow these business owners out of the water. But what about you? Do you have any preliminary things that would stop you from making a sale from another business owner? If so, then you know exactly how prospects feel before they start doing business with you.

If you want to make sales, you have to pinpoint your prospects correctly. Nothing is worst than having a good offer, a good sales letter, but a list that doesn’t produce. It’s like shooting yourself in the foot, because you did all of this work only to see your entire campaign fail.

This is why it’s important to pinpoint your target market, and get these people to buy from you time and time again. I don’t think I mentioned this before, but the best way to improve your sales and profits is by going into a niche. Now let’s think about it for second.

In a niche market, you’re already targeting a group of people who are starving for information or a product that will help to improve their lives. Plus, your learning curve is shortened. You still have to find out whether or not a magazine is response, but once you do find this publication, you’ll find yourself with double or triple conversion rates as opposed to mediocre results that you would find in a broader magazine.

Pinpointing your target market is smart because you don’t have to know everything about these people. All it takes is a general knowledge of the issues that they are having, and creating a product that will fit their needs. It’s as simple as that.

But what should you do if you find a hot list that isn’t yours, but you have a product that could be of immense benefit to these people? Well, the fastest thing to do is to start a joint venture with someone in your niche, and see if they will accept your offer. Mail them a letter explaining all of the details about the joint venture (including commission rate), and also discuss if the deal is successful, if they will want to run the joint venture over and over again.

This is a general way to start earning profits in your business, even if you don’t have much to offer. You never know when a situation will arrive when you’ll meet that potential joint venture partner who will be willing to do business with you. Once that happens, sell them on why thy would be great candidate, and tell them how everything will be tracked.

Using these tips for finding hot target markets and doing joint ventures can really earn you a lot of money.

Good luck with using these techniques for having success in your business.