Money is Everywhere.

0.01, 0.1, 0.75, 0.9.

     Any guesses as to what the figures above represent? C’mon, be a sport, take a guess. OK, I’ll tell you. Those are the interest rates I am earning on some of the accounts where I currently have cash balances. That last one, 0.9%--it takes a fairly large balance to earn that nowadays. Do you think those numbers make me happy? I am quite fortunate in that I don’t really need this interest to live on. My funds cycle through these accounts rapidly, they are usually short term parking places for me until I can redeploy the funds into actual investments. That is not the case for millions of people. In fact, millions of people have locked up their money in CDs and term savings accounts to stretch their yields to 1.5%, maybe even 2%. Do you think those numbers make them happy? Do you think they would like to do better? Yeah, I think so too.

     Where are the people who have money invested at these ridiculous rates? They’re everywhere. Your sister, uncle, cousin, dentist, postman, accountant, neighbor…they are everywhere.

     “How can I invest without any money?” “Where can I find private lenders?” “How do I get people to invest in my project?” These are the questions I hear most often at REIA meetings. I read the laments of the cash poor posted here on BP. I’m sure you do too. “If only I could find some money?” “What is the secret?”

     What interest rate would you be willing to pay if you found the funds you needed? 5%, 8% 12%, would you be willing to pay 18%? Is your project so good that you could pay that and still be profitable? Do you think some of the people earning 0.1% might be interested in earning more...especially if you took care to protect their principal? How many people have you spoken to today? How many have you shared your plans with? Money is everywhere.