Tax Lien Specialist Saen Higgins Says Being A Millionaire Reachable For Many

Tax Lien Specialist Saen Higgins Says Being A Millionaire Reachable For Many

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A generation or so ago, we looked at millionaires as some kind of aliens from another world. Now, however, with IRA accounts, employer matching funds, IPOs, mutual funds and our own inventive businessesnot to mention inflationbeing a millionaire is nearly everyones reachable goal, according to Saen Higgins, author of Wealth Without Risk.

Saen Higgins, who became a multimillionaire through the investment vehicle of property tax lien certificates, says its important to understand how much time you have to build your income, how much you need to save and how you should invest that savings. Its not the end of the world if you cant save or invest as much as you want, as long as you have an adequate amount of time to make it up later or extend your savings period. The dilemma is that, even if you have it within your ability to save a bit more, you cant completely control your amount of return.

So if your self-imposed deadline for earning $1 million is drawing nearer, Higgins believes youre better off trying to ramp up your savings rather than depending on optimistic return rates. Then, invest those boosted savings in a balanced mix of stocks and bonds that can be expected to beat inflation by a modest two or three percentage points a year. If youre able to wait longer, then you can invest less, but invest more aggressively.

So how do you crank up your savings so that youre banking more each year? According to Saen Higgins, You can always use other peoples money Uncle Sams, for instance, if you max out your 401(k) match because thats a simple handout from your employer. Another, slightly more difficult way, is to set up your 401(k) so that it periodically and automatically raises your contribution. More difficult still, you could live on last years budget. Higgins believes one of the best ways to jump-start your income, even in todays economy, is with real estate.

This is especially true if you seek out bargain buys, says Higgins. Even if you cant flip the property right away, you can rent it out, hold the property as the value ticks upward, and in the meantime save what you clear from the rental.

Higgins notes that tax lien certificates are especially attractive because they not only offer significant earnings with an interest rate return of 16 to 25% guaranteed by the government, but your investment can be as little as $20. One thing is clearcreating wealth of a million dollars or more is a different game than when your grandparents were saving for a rainy day. Higgins emphasizes that if you develop a sensible savings plan and remain consistent, those rainy days could be few and far between.

For more information about the universally acclaimed property tax lien strategies of Saen Higgins and his award-winning investment book, Wealth Without Risk (available on www.Amazon.com), please visit www.SaenHiggins.tv.

About the Author:
Saen Higgins is the worlds leading authority on investing in tax lien certificates. He is the only expert speaking and training on tax liens today that actually continues to invest in tax lien certificates himself. A self-made multi-millionaire, Saen has inspired audiences around the globe with his wealth building strategies. www.higginsnow.com



Article Originally Published On: http://www.articlesnatch.com


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