What you should be doing now!

What you should be doing now to make money tomorrow!

Stocks: I think stocks will be up 20% next year. If you want to make more then the average 12% the market returns over a ten year average time frame, then look for beaten down stocks of companies with strong balance sheets.

Real Estate: In the residential market it is a great time to be buying houses that are discounted 30% or so from last springs high. Pay the minimum down (about 20%) and rent them out. In three to five years you can double your down payment money. Just be shure you do not buy anything that will not produce a positive cash flow. New to all this? Read the articles on this web site and look for a real estate agent who specializes in rental investor properties. It time to be a real estate buyer. Rental real estate has the lowest investment risk and offers a decent return.

Commercial Real Estate: This coming year will see most of the commercail properties that are not cash flowing hit the skids, by summer or fall 2009 there will be some deals out there. More risk in commercial real state then in residential, so unless you have some experience tread carefully here.

Builder lots: The term to market recovery is long, so only buy lots in subdivisions if the deals are 50% to 70% off the higher prices of last spring. You might have to wait five years or more before the lots are back to parity, be sure you have the cash flow to carry them until then. If you have the cash to work with there is some profits to be made.

Auctions: A lot of hard assets will be auctioned off in 2009 as bank loans need to get repaid. If you are into buying and selling there is money to be made. Do a Google search for auctions, government auctions, equipment auctions and the like. Here are a few to get you started.

http://www.usa.gov/shopping/shopping.shtml

http://www.usa.gov/shopping/realestate/realestate.shtml

http://www.naarealestateauctions.com/consumer/index/mls

Start a business: Start getting ready. Next year there will be a lot of empty buildings as businesses go under early in the year. The lack of loans and high interest rates on loans and credit cards will take more then the normal numbers of business out of business. There will be deals to be had on leases and sub-leases, equipment and the like. This is a good time to be looking at businesses that help folks save money. Re-sell shops, consignment stores and consignment equipment yards, auto repair shops and the like. Put your thinking hat on.

Debt: Get out of high interest credit card debt. Enough said.

Raising money to get started: Income tax refund time is coming fast. Don't spend it this year. Invest it. Tax refunds are extra money coming in. Use it to buy and sell to make it grow. Buy some stocks that are cheap. Read the article on getting the money to get started and start with some of the suggestions teh article makes.

New Year: It's time to start thinking of your new year's resolutions. Make them all about you getting richer this year. Write them down and then use post-it-notes, put them everywhere so taht you see them daily. I had a great 2008 in the worst economy in twenty years. Make 2009 your greatest year. f You do that by planing your year and working the plan. 2009 is going to happen weather you take advantage of it or not. Just remember you can not expect different results if you keep doing the same old things.

Now! Go make some money.