Reloading: (Investopedia definition) - A term lenders commonly use to refer to the habits of borrowers taking out loans to repay the balance on other loans.
- Often reloading is done to take advantage of lower interest rates offered by other loans, and potential tax benefits.
Today I've been thinking about ways to make money (ligitimately). I think it has to do with the fact that I spent the weekend discussing businesses with enterpreneurs. It's much easier to think of an idea then it is to implement it. I've had my fair share at pyramid schemes and other wacky ploys (usually brought forth by a sweet yet devilishly convincing speaker).
While taking the West Coast Express home, I like to puruse through the various free brochures that laiden the transit stops. Today's selection included West Coast Homes and Business Exchange. As I mused the thought of buying a "live/work" living space, it occured to me that I don't have any real talents that are marketable! :-) So I got home and went searching on the net (what I do best) for other types of ventures.
I'm drawn back to the real estate market - as this is what I'm most familar with. Yes - I aspire to be a slum-lord! ;-P Rental properties will always be in demand. Just need the capital for it. One website advised that I should "Make Friends with a Lawyer, a Tax Professional and a Banker". As they are the 3 types of people I'd need to deal with on a regular basis. Duh - I have mostly techie friends. :-) I think this is just another one of my phases that I go through. Seems like I get into an "investing" frame of mind annually.
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