Article on Business Women Media
There are several ways to invest your money – traditional ways and some not so traditional. When starting off, I usually recommend the traditional path, as it is well known for a reason. Traditional investments are broadly divided into fixed interest, shares/stocks and real estate. Look at these investments and find which ones work for you. What you enjoy will always work out better for you in the long term.
To get started on your investment journey, here is an overview of the top three traditional investment paths:
1. Fixed interest
Fixed interest is first investment I recommend for everyone and it is generally the place where most investors start. The upside is that it is a more secure type of investment and it requires the smallest amount of capital to begin. It is important to remember, however, that no investment is completely secure, as even banks have been known to fail.
If you wish to invest in fixed interest, research your local market to find which banks have the highest interest rate, or you can find alternatives to the bank. These maybe finance companies or building societies. By investing your money with them, you will be able to secure a higher interest rate for the same term. Your aim is to get the highest interest rate for a time period which works for you. This way your money is working harder for you.
Shares are the next level of investment. You are buying a share in the company and can profit by a capital gain when you sell or by dividends during the life of the share. Not all shares pay dividends so decided whether you wish to have a regular income or wait for a capital gain when you sell. Investing in shares tends to be riskier than fixed interest but not necessarily more expensive.
There are several ways to invest in shares from buying “blue chip” shares, which are considered the most profitable and successful companies, to the “penny stocks” which are the new start-up companies. You can purchase penny stocks for relatively little money. They trade at cents per share. It is important to do the research and ask questions to find out if this is a suitable investment vehicle for you.
3. Real estate
There are a few ways to invest in property. You can purchase a rental property outright or you can invest in a professional rental portfolio through a mutual fund.
If you are investing in a rental property look outside of the major cities – property, there is at a comparatively lower price. Real estate is not just confined to houses – have you considered flats and units? You can also look in the less popular areas of town where again the prices of property are cheaper. The important thing to remember is – you are not going to live there. Don’t forget to search outside of the normal for you!
Often people would like to invest in real estate but don’t have enough money to buy a rental property. My recommendation in this case would be to put money into a mutual fund, which are primarily, is made up of property investments.
All of the above investments work if you commit to developing your knowledge with investing. If you are interested in increasing your wealth, then there is always a way to make investing fun and enjoyable. You have to know how you function personally to create sustainable revenue streams. When you focus on what actually interests you it becomes fun and does not feel as if you are working at it at all.
On the Art & Industry of Business & Living Podcast
Have you ever considered investing? Access Consciousness facilitator Margie Hulse is here to share her financial wisdom and get you to expand your wealth beyond your wildest dreams.
On today’s podcast:
Links: Learn how to create wealth from wealth by investing. Start 2018 with an appetite for more! Get the bonus: E021 – What If It Was Fun?
Here’s to starting the journey towards a better, more successful you!
Originally on girl.com.au
Interview with Rebecca HulseRebecca Hulse is a go-getting, risk-taking millennial. She is a best-selling author, reality shaking coach, international author, speaker and Right Riches for You facilitator, a specialty program with personal development organisation, Access Consciousness. By age 20 every item on her bucket list was checked off so she began creating a new one. So far the results have been fast and fantastic. From her cosy Christchurch home in New Zealand, Rebecca Hulse reaches a global audience.
Question: Why do you think millennials receive a bad rep for being lazy and entitled?
Rebecca Hulse: Every new generation gets this, it's really nothing new. Even Socrates mentions the same thing around 400 BC: "The children now love luxury; they have bad manners, contempt for authority; they show disrespect for elders and love chatter in place of exercise. Children are now tyrants, not the servants of their households. They no longer rise when elders enter the room. They contradict their parents, chatter before company, gobble up dainties at the table, cross their legs, and tyrannize their teachers."
Question: How are you hoping to change this reputation?
Rebecca Hulse: I don't know if it's really changeable in itself. What's important is to identify yourself if your point of view is that you should be entitled and lazy, or if it's just a projection. And if it's not the case for you as an individual, then go on and life your life and do what you want to do personally - for you. Not to prove a point against anything said about you or your generation. I personally hardly ever get any crap for being a millennial (apart to tease about technology changes) because of who I am and what I have accomplished.
Question: Can you tell us about how you completed your bucket list, by 20 years old?
Rebecca Hulse: I got started. I looked at what I truly wanted to do with my life and then what I would need to do in order to get there. And I had help along the way, you don't achieve crazy dreams without letting in some help along the way. The best thing to know when striving for something is that it will never show up the way you think it will. The Access Consciousness and Right Riches for You tools are really great for letting go of any limitations in the way.
Question: What advice do you have for someone who wants to start an online business?
Rebecca Hulse: Do all the research you like and then throw it out the window. You are the one running your business and you will do it different to everyone else - that's a good thing! You will know what to choose when the situation arises. I find too many people are scared to make a choice. The ones that do choose end up creating success because they always keep moving forward.
And remember to get financial education, you can never start being set up financially for success too early and remember to not hide from the financial side.
Question: What criticism do you face as a young financial educator?
Rebecca Hulse: I'm sure I get it still but I don't pay attention to it. I'm busy creating my own financial future that works for me, not for someone else. When I first started in business, my accountant kindly joked that they'll see me in a few years, then got a pleasant surprise when I was already moving into a higher tax bracket in my first year. They then asked me to warn them next time! I did warn them, but they didn't believe me. They know now that I'm not joking.
Question: How important is additional income (on top of our job)?
Rebecca Hulse: Extremely important! Look at the people you consider financially successful, how many revenue streams do they have? I like having a minimum of 10 up my sleeve at all times personally. This way you're also not reliant on one source. You can spread your platform.
Question: What's the best thing we can start doing today for our finance?
Rebecca Hulse: Start enjoying having and educating yourself about money. It's fine to learn about the latest trends in an industry but if you are better at spending money rather than having it, once you attain it, it won't do much for you. You will have already spent it! But if you learn to be better at having money, it doesn't matter what method you are using for accumulation of wealth, it's what you do next. A trick I started with, was taking the money I didn't want to spend and buying silver, gold, and putting it in another currency of cash.
Question: How do you spend a typical day?
Rebecca Hulse: It depends where I am and if I'm traveling or not, however I just got home and am enjoying the New Zealand summer.
So I will wake up to open curtains so I can see the view, take a minute to ask myself, 'Who am I today and what grand and glorious adventure can I have?" and check my phone to see what happened overnight in the different projects I am involved with, as we work with staff all over the globe.
Once I'm up and ready, I take a coffee down to the office and am generally on meetings most of the morning.
The afternoons I enjoy creating and spending time with my mum on longevity projects, like a family property we're turning into an events centre and B&B.
In the evenings if I'm not on the balcony enjoying a glass of wine, I'm working on projects on the other side of the world. Europe wakes up around 7pm and I take that glass of vino to the office for helping Europe start its day.
Question: Do you have a morning routine?
Rebecca Hulse: I do everything in the shower! Get clean, exercise and get my mind ready for the day. I have a list of questions to ask myself daily laminated in there. It reminds me of what I desire to create so my day is what I choose and not at the effect of others.
Question: What's next, for you?
Rebecca Hulse: I'm starting to tour my next classes called The Next Generation of Wealth - first off at home in Christchurch and next stop is Delhi. I hope to be back in Australia by September.
Interview by Brooke Hunter
Article on Body + Soul
Want to make your money work harder for you? Here's where to start.
Investing may seem scary or overwhelming before you get into it. There is so much information and advice and new investment opportunities. In this article I am going to discuss three traditional methods that are great places to start. When you begin investing, I generally recommend you begin with more traditional methods and get a feel for who you are as an investor. You want your investing experience to be as stress free as possible.
Traditional investments are broadly divided into fixed interest, shares/stocks and real estate. Look at these investments and find which ones work for you. Ask yourself “What will be fun for me?” What you enjoy will always work out better for you.
#1 Fixed interestFixed interest is a more secure investment and the place that almost everybody begins. It requires little capital to get started and it is not difficult to set up. Fixed interest is possibly the safest investment there is, however it is important to remember that no investment is completely secure, as even banks have been known to fail.
The first step is to choose where you want to put your money. Have a look around and see which banks yield the highest interest rates. You may also wish to look for an alternative to the bank, such as finance companies or building societies. Look for investments which have compounding interest. This gives you interest on interest. Your aim is to get the highest interest rate for a time period which works for you. Another thing to think about is “Do you want your money to be easily accessible?” And “Do you want to invest for a short or long time frame?” Generally, the longer the term, the higher the interest rate will be.
#2 Trading shares/stocksShares and stocks are the same thing. When you buy a share or a stock, you are buying a share in the company, which means you are a partial owner. Shares can work for you in two ways, you can profit by a capital gain when you sell the share or by dividends during the life of the share. Not all shares pay dividends so decide whether you wish to have a regular income or wait for a capital gain when you sell. Share prices fluctuate - there is no guarantee of a capital gain.
There are different types of stocks. Many people start with “penny stocks” which you can buy with little money because they are start-up companies and it is usually a riskier investment. They trade at cents per share. Then there are "blue chip” shares that are considered to be profitable and successful companies. Look at both options and see which one will work for you. I recommend doing your research before investing in a company and shares.
#3 The property marketLike many investments, there are multiple ways to invest in real estate depending on how much capital you have and how much attention you are willing to spend on this investment. You can purchase a rental property outright or you can invest in a professional rental portfolio through a mutual fund.
When people look for property, they tend to look for what they themselves would live in. You will do well to remember you are not living there. I recommend looking outside of the major cities as they often sell at a lower price. You also may look at less popular sides of town. Also consider flats and units as well as houses.
Often people would like to invest in real estate but don’t have enough money to buy a rental property. My recommendation in this case would be to put money into a mutual fund, which is primarily made up of property investments.
With investing, it is important to never get complacent with your current level of knowledge and always be willing to learn more. If you are interested in increasing your wealth then there is always a way to make investing fun and enjoyable. You have to know how you function personally to create sustainable revenue streams. None of these investments are right or wrong and you must choose what works for you. When you enjoy investing, the money will show up. The more grateful you are for the money that comes to you, the more it will increase. Happy investing!
Interview on HR.com
Most people can agree that they would welcome additional income. There are two ways to make more income – work more or have your money work for you. The smart option is to get your money working for you.
One of the most important things to consider when venturing into new territory is to ask, “what are my interests and skills?” And “how much time do I have?”These two things will dictate the direction you take when you are choosing an investment. The key is to choose something that you enjoy because when you enjoy what you are doing, creating income from it doesn’t seem like hard work. It feels like you are just having fun.
When you opt to make your money work for you, then the choices of investment are varied. Broadly speaking there are three categories – fixed interest, shares/stocks and real estate. Ask yourself, “which category will work best for me?” The category that will be the easiest for you to create income from will depend on your level of knowledge and the time you wish to devote to researching. The amount of money you have also influences where to start.
Fixed interest is the easiest, lowest risk and the least hands on. It also does not require a lot of capital to start up. Research your local market on where are the highest yielding interest rates. Look for alternatives to traditional banks such as finance companies or building societies. These vehicles will provide a secure investment with a higher interest rate than term deposits at the bank. Look for compounding interest rates as they provide a better return in the same time frame compared to straight interest. Compound interest means that your interest in paid into the investment and you earn interest on the interest. Your money is working extra hard for you this way. Investing in fixed interest requires little time after the initial research and your funds can be reinvested for as long as you desire.
Stocks, also known as shares, are perceived as a slightly riskier investment. A good place to start is by finding a stockbroker who provides information bulletins. Reading these will familarise you with your market and also provide recommendations of stocks to purchase. There are also many on-line sources of information about stocks depending on where you are in the world. They will often recommend “Blue chip” stocks which are established and profitable companies. These stocks are more expensive to purchase and often pay you a dividend. If you do not have a lot of money, “penny stocks” are one place you could start. These are new start-up companies which can be bought for cents in the dollar. You can buy and hold shares or trade them regularly. With all share/stock investments do your research and ask yourself if this is the right investment vehicle for you.
The last type of investment to look at is real estate. You can purchase a property or you can invest in mutual funds which are made up primarily of property investments. When you are seeking to purchase physical property you can consider residential or commercial property. The majority of investors begin with residential. A key point is to remember when looking at residential property is that you are not going to live at your rental property. You can therefore look outside of places you usually would. Perhaps a unit, or a side of town you would not consider living yourself. The prices of property are cheaper in less popular sides of town. Commercial property generally requires more capitsl than residential. The upside is that there are minimal expenses as your tenant pays for them.
The important thing with creating additional revenue streams is creating investment, which works for you and around you and your priorities. You aim is to have your money work for you with a minimal time outlay. If you enjoy creating your investments, not only will it be enjoyable, it will be easy. PE
Interview on CEO Blog Nation
Many people working in salaried employment every day feel dissatisfied with their rate of pay; but as we get older and our lives get busier, the prospect of changing jobs or retraining seems less and less appealing. Margie Hulse, a Right Riches for You facilitator for Access Consciousness says many people don’t look at all the options that are right in front of them – options which could increase their income without requiring them to quit their current position. It seems more commonplace that at the top of New Year’s resolutions lists among Americans – find a new job. Margie Hulse believes there are other ways to increase income, without having to quit your current position.
We had a chance to interview Margie and asked about her story, how she started her business and the future of Right Riches for You.
Why did you start your business?
I have always been interested in personal development and helping people. I started this particular business to help and empower people to create revenue streams and build wealth using the tools of Access Consciousness and my experience of building businesses.
How did you come up with your business name?
Our business name of Mahara Unlimited came from a local word meaning consciousness and we wanted no limitations.
Tell us about your products and services. How do you help clients?
I offer a range of services based on the tools of Access Consciousness as well as drawing from my wealth of experience in business and wealth creation. I endeavor to empower people to change the points of view which are stopping them from creating wealth and income streams. I offer private 1:1 sessions in which individual issues are discussed and solutions created. I also teach a several Right Riches classes which show people what is required to create wealth and money. Work the System allows you to look at what systems apply to your financial reality and how you can use them to your advantage. Financial awareness helps you to rediscover what you know and explor new tools to create thefoundation off which you can create anything financially. I also teach a class with my daughter, Rebecca Hulse, another Right Riches facilitor on “The Next generation of Wealth”where we talk about how to create a future not only for you but for your family too.
What makes you unique? What is your unique selling proposition (USP)?
The tools of Access Consciousness are very different to mainstream business ideas. Constantly asking questions, and following what you know, lead to very different outcomes for clients.Each individual client is so very different and the results are as individual as they are.
Where do you see your business in the next 3-5 years?
In next 3-5 years I see more people become aware of the tools of Access Consciousness become so much more mainstream, particularly in relation to creating wealth. Not only will I be teaching others how to use these tools, there will be many others around the world doing the same thing.
Any advice you would give to entrepreneurs and business owners?
What is your favorite business quote and why?
“There is always a way –no matter how difficult things seem, there is always a solution.”
Anything else additional you want to tell our readers?
No matter what sort of business you are in, unless you are enjoying it, making money from it will seem like a lot of work. Ask yourself “What would I really like to do or create that would be enjoyable for me?” That way when you are “working” it doesn’t seem like it as you are enjoying yourself. Life is too short not to enjoy what you are doing and being in business and making money can be lots of fun.
Interview on Femail
Do you need to change your job to increase your income?
Many people working in salaried employment every day feel dissatisfied with their rate of pay; but as we get older and our lives get busier, the prospect of changing jobs or retraining seems less and less appealing. Margie Hulse, a Right Riches for You facilitator for Access Consciousness says many people don't look at all the options that are right in front of them - options which could increase their income without requiring them to quit their current position.
Margie first developed an interest in money at the tender age of 20 when she started working for an accounting practice, and this only grew in her next role at the Department of Superannuation at Australian National University (ANU)."'I was in a secretarial role but sat in on hundreds of meetings about investing people's money and making it grow for them. It was fascinating and sparked a lifelong interest in how people become wealthy." Margie went on to invest in property herself, and own several successful businesses and teaches others to generate income, like she has.
"One thing I do notice a lot, is people having tunnel vision about how they can increase what they earn. They think they need to quit their job and find a higher paying one, or retrain to work in a better remunerated industry - and that all seems enormous to them. There are plenty of ways to earn supplementary income without massive upheaval in your life."
Interview with Margie Hulse
Question: Why do you believe one of the most common New Year's resolutions amongst Australians is finding a new job?
Margie Hulse: The majority of people are working in a job they are not happy with – whether it be because of the remuneration they receive or what they actually do. This is why at the beginning of a New Year a large number of people are looking for a change. Great questions to ask are "What do I really enjoy doing?" and "how can I make money from it?"
Question: How can we make more money, without trying to find a new job?
Margie Hulse: There are two ways to make more money – work more hours or get your money to work for you.
If you have a talent or interest in a particular area you can create a part-time business around it and create more money that way. It is easy to set up a home-based business around what you enjoy doing, whether it is working online, making cakes or organising things. There are people out there looking for whatever you are great at. It may mean you stay in your current job until you have created a financially viable alternative. Do one thing each day to move yourself closer to your target.
The other option is to invest your money and get it working for you. The simplest way is to find a fixed interest investment which pays compounding interest. This means you get paid interest and then get interest on that interest. Your money is working extra hard for you without you having to put in more hours.
Question: Can you share your saving advice?
Margie Hulse: We all have bills and expenses which need paying regularly, however do you pay yourself? I have created a savings account where I deposit 10% of every dollar that I earn. I do this first before I pay the rest of my bills. I make it an automatic payment so that it is out of my regular bank account before I look at my expenses. This money is then invested into assets which will increase in value while not requiring additional funds for maintenance such as jewellery, gold, silver or antiques. Since I have done this, I have always had money for the other bills. If 10% is too much for you, start with 5%. Aim to never spend it. If you think you might spend it, buy silver or gold – then it will require some effort to sell them if you really need access to the funds.
Question: Can you tell us where you invested your money?
Margie Hulse: I have invested my money into fixed interest, shares and real estate. I keep a rough third: third: third split between them. This varies, however the idea is to have assets in each category so that the effects of the markets will have minimal impact on the income. My favourite is real estate, in particular residential property. I have purchased several houses in different areas which families like to live and have property managers looking after them. The key is to look for areas where people are more likely to rent and provide good quality accommodation for a fair price. This ensures long term tenants who will look after your assets for you. I use property managers as many of my rental properties are not in the city where I live.
Question: Is it possible to make money through property?
Margie Hulse: I believe it is very easy to make money through property. The key to remember when purchasing a property for rental is that you will not be living there. There are always cheaper suburbs and properties in every city. You can quickly make money by purchasing a slightly run down property, renovating and then getting a revaluation. You will immediately have increased the value of the property and have more equity, which you can build to go towards your next rental property. In the mean time you will be getting a higher rent and be paying off your mortgage too.
Question: Is starting a business as scary as we think it is?
Margie Hulse: There are several ways of starting a business, the key to success is to choose something that is enjoyable for you, whether it be online creations or creating a catering business. If you enjoy what you do, starting a new venture will be fun and exciting.
If you have never run a business before, consider joining a network marketing company. They have all the systems you need to run a successful business in place and good support networks to help you every step of the way. There are numerous companies which offer products in almost category you can think of.
If you know about business, put your own systems in place and create a strong support network for yourself.
You need to keep a close eye on your financials – you are in business to make money. It is more useful to know how you are tracking on a monthly basis rather than find out 6 months down the track that you weren't making a profit.
If you are having fun creating extra money for yourself, it is not scary, rather an exciting adventure.
Question: What are your four simple ways to earn extra cash?
Margie Hulse: Find a way to do something you love and earn money from it. Do you make amazing birthday cakes? There's bound to be people who will pay you to do that. Are you a neat freak? There's plenty of people who would pay to have you come in and organise their spaces. Or if you're a homeowner with a bit of supplementary cash and a love for DIY, you could even use the equity in your current property to buy a house, fix it up and sell it or rent it out for a tidy profit. There's always something you can do, from ironing or babysitting to bookkeeping for small companies, that will fit in with your lifestyle.
Do you have an eye for something? The internet has made buying and selling for a profit easier than ever before. Can you spot great art, antiques or vintage fashion? Are you a mechanic who knows what car parts people are always looking for? Can you spot pre-loved furniture that someone would love once it's been given a coat of paint? There are so many great stories about people finding bargains in op shops and selling them for ten times what they spent - or much more.
Don't discount network marketing, if you already love or use the product. There's no need for a hard sell - if you're taking supplements that give you more energy or using skincare you just love, it's just a matter of talking about it in conversation to your friends.
Do you have knowledge to share from what you do for work or as a hobby? Could you write an e-book or teach classes - in guitar, another language or even social media? People always want to learn from others with expertise, and modern technology means you can even do this via Skype or short online courses.
There's always a way to get a little, or a lot, more cashflow in your life if you think hard enough. Don't be limited by the confines of your 9-5 when thinking of a more financially productive life.
Interview by Brooke Hunter