Monthly Archives: October 2014

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3 Unorthodox Investment Methods that Have Low Financial Barriers to Entry

Here it 2014, it can be difficult to make ends meet. Although Chancellor George Osborne tells us that he is looking out for everybody, it is clear that large amounts of the population are being left behind. What this means is that if you want to have that little bit of extra money in your back pocket at the end of the month, you’re going to have to take matters into your own hands and generate a second income.

If your current job isn’t making you enough to meet your needs, a good solution is to invest some of your salary each month into a project that will help you live the life you want to live. With that in mind, we’ve thought of three not-so-generic ideas that all have low financial barriers to entry, meaning that you don’t need to have a lot of start-up capital to implement one of them.

1 – Hobbyist Collecting
Whether you’re passionate about china dolls, comic books or wine, your hobby can quite easily be monetized to allow you to make that second income. If you do what you love and sell what you’re passionate about, you’ll be far more invested in your business than if you were selling something completely outside of your interest, and furthermore, you’ll be able to answer the questions of your customers in detail and with a real zeal.

2 – Pawning Antiques
If you have an eye for antiques or you simply have a loft full of old pieces of furniture and ornaments, you could turn your hoard of old items into cash by pawning them at a company like H and T Pawnbrokers, where you’ll be able to watch your old possessions transform into cash. To keep this up, you will need to replenish your collection of antiques regularly, and to do this, places like car boot sales and second-hand sites like Gumtree are your best friends.

3 – Creating an e-Shop
Finally, an online shop can be a straightforward way to generate some money on the side. An online platform like Etsy or eBay will help you to present your store in a professional manner, and with just a little bit of knowledge you can create a cohesive brand identity that will allow people across social media platforms like Facebook and Instagram identify your products from everybody else’s.

So there you have it: some low-cost investment methods that are relatively unique and can help you generate the side income you need.

The Best Way to Invest When You Can’t Afford a Second Mortgage

It’s a well-known fact that bricks and mortar is one of the safest, most lucrative ways to invest your money. Whether you’re buying a property to manage and let out to tenants for a long-term monthly income, or perhaps you’re more straightforwardly buying a second home, fixing it up and then selling it on with the aim of making some money back on your investment, the property market has always been there for anybody looking to invest without having to turn to the alien world of the financial markets.

The Problem with Property
The problem is, to be able to buy that second home, you’re going to have to be able to afford the second mortgage that comes with it. This is a challenge to begin with unless you have thousands of Pounds saved up, but it has become even more problematic in current times due to the number of foreign investors who have turned their attention to the UK’s first-time buyer housing market, driving up mortgage prices.

So, the question is, is bricks and mortar the only option for those of us who are looking to invest in something reliable, safe and productive, that will allow us to enjoy our golden years. We all know that a state pension simply isn’t enough to enjoy yourself on, so ho can we supplement this when the property market – our go to market – has too high of a barrier to entry.

Private Versus Self-Invested Personal Pensions
If you work, it’s likely that your company offers a pension scheme that automatically places money into your personal pension, but the sad fact is that these pension schemes are unlikely to accrue much interest on their own. In addition to this point, personal pensions are extremely limited in terms of the options that they facilitate. For example, you can only draw an agreed amount from your personal pension fund each month on a certain date – there’s no real flexibility.

In contrast, a self-invested personal pension (otherwise known as SIPP) available from providers like James Hay can be drawn from whenever you like, and at the amount you’re looking to withdraw. With a SIPP, then, you could save enough to purchase that second mortgage after all, whereas with a personal pension fund, this is unacceptable.

So ultimately, a SIPP could be a solution to the problem of the inflated mortgage prices we are seeing up and down the UK. Therefore, investment in a SIPP could be a wise decision.

How to Sell Your Home Fast and Get the Best Price

Selling your home can be a long, drawn out process that for many seems like too much hassle to even bother with. There are ways to speed things up that don’t result in receiving a lower price for your property.

Sell Online

The internet has made selling things so much easier and this includes houses. There are plenty of online estate agents, many of whom charge a lot less than your traditional high street variety. More and more house sellers are now marketing their properties online and making huge savings while still getting a great price for their property.

House Buyer Bureau are one such outlet. You just fill in an enquiry form, speak to an expert advisor and they will make you a cash offer, sometimes in as little as seven days. They buy all types of property located across the UK no matter what condition they are in. So if time is of the essence and you don’t want to compromise on price it’s a good option.

Auction It Off

The process of signing up your house to an auction may not be as quick as selling online but it does set a date when you can hope it will be sold by. Rather than let a never ending trail of potential buyers look round your house until one makes the right offer, an auction cuts out a lot of wasted effort as most people present will be interested buyers.

It also reduces costs such as maintenance and tax in the long term. Of course if you feel the price it goes for at auction is unsatisfactory you can normally agree not to sell on the day. However, a lot of the time houses that sell on auction go for more as it creates competition between buyers.

Remember the Basics

It may seem obvious yet as the housing market changes some sellers are forgetting the basic principles which help a house sell. Putting up a ‘For Sale’ sign is still vital as one in three sales are still triggered by this.

Keep your home and garden clean and tidy for visits. Ensure your home’s top qualities are highlighted wherever it is being marketed with a good image of the property attached. Ask viewers for any feedback and then work on their advice to help accelerate the sale. If it’s a good property and well advertised that significantly increases the chance of a speedy sale.