This is the age of the entrepreneur. Entrepreneurs are people who have a dream and are prepared calculated risks to achieve their goals. Interest rates are at an all time low, which makes it a great time to borrow money, however spare a thought for savers, some of whom rely on their saving and try to live on the interest.
I have been looking around on the internet for the best savings rates and the best I can find is 10% per annum, with others around 3-7%, but saver rates are continuing to fall
The average UK adult has about £5,500 – 6,000 in saving to meet rainy day, so you can see that even with the best savings rate their saving will only produce an income of £500- 600 per year
If you borrow money you will see offers of interest rates of between 3.1-3.5% APR which on paper could mean that you could borrow money at 3.1% and place it in a saving account at 10% and earn just under 7%. However when you apply for one of these low APR loans the APR Jumps to around 22% if for example you wanted to borrow £1000 for a year. It is only larger sums over longer periods that offer low APR rates and the lender may need more security.
I have been tracking one of my own savings account and seeing interest payments of £1 per month coming in which is not very impressive and wondered if there way another way to use my saving and improve my rate of return.
Entrepreneurs are known for Buying low and selling high and then a friend of mine introduced me to Valentus an MLM company which sells Weight Loss Coffee. MLM’s have a bad reputation for selling over priced products and encouraging you to sell them on to friends and family.
I have lost money with MLM in the past, leaving me with product that I had to sell at a loss. The weight loss coffee is different and you can sell it online and earn a profit. I decided to test the market and used money from my savings and brought 16 boxes of coffee and was some what amazed when they sold online in the first month.
MLM companies offer a number of ways of earning money apart from selling products, although I believe customers are more important. There are additional rewards for introducing like minded people and that is the stage I have now come to. I am reaching out to duplicate my success with other people who want to see their money working for them and producing a return.
No matter your past experience, I am willing to work with you and help you build your future,
just go to Http://seriouswealth.net
I will be in touch with you
David Ogden
Helping People Help Themselves
Alan Zibluk – Markethive Founding Member
