If you want to make serious money, then there is only one place to look to: at the people who have already made serious money. There are a lot of reasons why and how they have managed to develop such healthy bank accounts. Some of it is a stroke of luck, of course. But most of it is through good financial habits. Let’s take a look at what they are.



Keeping things to themselves

I’m not talking about personal feelings here. I’m talking about cash. Wealthy people like money – the vast majority anyway. Sure, there are the Bill Gates’s of the world that at some point will give a lot back. But in the main, they like to keep hold of their money. It gets squirreled away in offshore bank accounts or syphoned off into various funds to remain untouched from anybody for extended periods of time. It’s a habit that everybody can get something out of, however. And maybe something you should think about yourself? It’s the ideal way to save sensibly for your future.

Spending little

OK, so some very wealthy people enjoy their money by flaunting it. But one of the reasons why we don’t hear about a lot of successful people because, actually, they aren’t ostentatious. They are bright with their cash, and only spend it on necessities and the occasional luxury rather than the other way round. Now, obviously they might have a better job than the majority of us – if at all – but the point remains: how much of your money do you really need to spend? And could you put aside a little more for your future or your children’s future?

Investing right

Wealthy people know how to spot an opportunity. Or, if they don’t, they play safe. When it comes to investment, you should try and reduce your risk as much as possible. And that means only investing in long-term stocks, shares and bonds that will be more likely to you a return. A good example of that is gold. A lot of wealthy people have invested in gold and played the long game, getting added value year on year. While we wouldn’t advise throwing all your money at any one investment, it’s never been easier. Services like AMC Gold Trading give you the opportunity to start trading in the metal whenever you like. But, please: only ever use the money you can afford to lose.

They keep going

The final point on the list is perhaps the most important: wealthy people keep going. They are persistent, careful of what they do in their spare time, and learn something every day. If you can’t match those essential traits, then your dreams of making things better for yourself aren’t going to happen (unless you win the lottery). But you have more chance of being hit by a bus at a crossing lights, going to the hospital, coming out and then being hit by the same bus at the same crossing lights. In other words, it’s up to you to make things happen!


Increasing Retail Costs Explained

by Admin on September 16, 2014

By Helen Douglas from CorporateRealEstate.com

Pentagon Row Retail courtyard with Housing aboveIt is safe to presume that shopping is an activity most people have to factor into their weekly budget. From a spontaneous bout of retail therapy to the weekly grocery shop, unless you are a stringent budget shopper, these tasks are often a pricey exercise- gradually becoming more expensive as time rolls on. Ever since the GFC, people have not been able to devote as much money, or time, to retail as they once could.

Have you ever wondered why this is the case? Do you find yourself agonizing over how much your next grocery shop will cost? You’re not alone…

It’s not only your wallets that are feeling the brunt of it, but the shopping centers are feeling the effects of the economic climate too. In fact, for the last few years shopping center net incomes have faced severe challenges. And so, the slippery slope begun.

According to BIS Shrapnel’s latest Retail Property Market 2014 to 2024 report, this trend is likely to continue for the next 5 years.

The report explains that there are 5 crucial factors at work and each are likely to inhibit income growth. These factors comprise:

  • Modest GDP growth
  • Slowing population growth
  • Household disposable income averaging 2.6% compared with a 25 year average of 3.3%
  • Retail turnover growth averaging 2.9% per annum

The concoction of the above factors make it very difficult for the shopping centers’ income to rise, forcing them to increase rent which puts strain on tenants, turning shopping into a pricey exercise for the consumer.

You may be thinking, ‘I still shop, regardless of the price. Why would there be a problem?’ The problem lies in the fact that the market is steady but modest, when it should be, in an ideal world, thriving.

The report’s author, Senior Project Manager Maria Lee elaborates “Add the five factors together, and we predict that shopping center incomes will average around 2.6% annual growth over the next five years, failing to keep pace with inflation.”

Inflation aside, online shopping plays a big role in the decline of the shopping center income. BIS Shrapnel estimates that the growth of online shopping will knock about 0.5 percentage points per annum from the turnover growth flowing to shopping centers. Lee continues: “In addition, there are factors that affect the distribution of aggregate expenditure both between physical shops and online, and between one shopping center and another.”

As long as the market stays the same, the prices of your essential goods may stay that little bit ‘overpriced’. Be mindful of the effects of online shopping and, as the consumer, be mindful that this a cyclical process which will take time to improve. As BIS Shrapnel asserts, the market is steady but modest. At least it’s not unsteady because then we could be in real trouble.

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