May 25th, 2010 
admin 
What are some creative ideas or suggestions that facilitate creating financial independence?
I’m not interested in “Stock tips”, Mutual funds or any other hands-off investing strategies. While I do participate in 401Ks, IRAs (traditional and Roth), and taxable brokerage accounts, I believe that I need other parallel asset building activities where I have a more active role in determining the return on investment.
Investing in equities, bonds and the like leaves success up to a few corporate executives and the emotions of millions of weekend investors. I invest in companies and market sectors that I believe will grow in value, but I want more.
If you had a few thousand dollars each month to use towards increasing your financial health/wealth, how would you use it?
Again, I’d appreciate suggestions that do not include exchange based market investments. I’m looking more along the lines of a business venture. I’d most appreciate suggestions from those who are where I’d like to be (those who are financially free-a.k.a. work because they want to, not to pay the bills )
A few options:
Franchise. This is the simplest method for starting a business where much of the marketing, corporate, and other details are handled for you.
Start your own business. Find something you are good at and love to do – then find a way to monetize it.
Fund a start-up company. This is a high-risk proposition, but can be very satisfying (depending on level of involvement) and can have very high returns.
Hope this helps!
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