From £1 per Day to £20,000 in Liquid - Part 8 of 8
By Stephen Sutherland, author of Liquid Millionaire.Posted in the Category of ISAS, SIPPS, Investing, Investment Fund, Wealth Building on 22nd January, 2010.
Tags: isa, isa investing, liquid millionaire.
How Saving £1 per Day Can Help You Accumulate £20,000 in Liquid Capital
Can you afford to save £1 per day? If you answered yes, I have just the way for you to quickly accumulate your first £20,000 in liquid.
Some people who read my book Liquid Millionaire really loved it – but at the same time they came to the end of the book and were frustrated.
Here’s a couple examples of readers’ comments posted as reviews on Amazon:
“People like me with less than £10,000 will not be able to afford the £6,000 to gain access to the information which could make you richer.”
And…
“…I must say that the service offered looks interesting. I don’t know if I can afford it, not living in the UK.”
I think I know why people like this are frustrated. It’s probably because they don’t have the cash to give them the option of possibly becoming one of my premium clients.
In my previous blog I focused on Step 8 - Each year aim to invest as close to the £10,200 limit as possible and Step 9 - Invest £20,400 per year into ISAs - for you and your partner. Today I want to share with you the final step in my simple 10 step strategy to get from £1 per day to £20,000 in liquid.
Step 10 – Start parallel investing. Invest into a SIPP (Self invested personal pension).
The final step once you are investing £20,400 per year, is to think about using a SIPP which is a self invested personal pension. SIPPs allow you to control the money inside your pension. In other words, you can decide where your pension pot is being invested.
And so if you like, you can add any money over and above your ISA money into a SIPP – and get exactly the same growth that you are getting on your ISA, as you are on your pension.
Just so that you are clear, at some point during this 10 step plan, you are going to eventually have £20,000 in liquid.
That is the time when you are cash rich but probably time poor. That means you could start to look at what paid for education and support services are available to help get your money working even harder.
For example, we have a premium service that has fortunately proved it can beat the market. It has beaten both the FTSE 100 and the extremely strong Nasdaq Composite (US Technology index) over the past 11 years.
What we use to help us outperform the market is something called HIRE CAR™.
If you do decide to get in touch, during your call, we’ll help you discover whether what we do is right for you. And if we can’t help you, we will tell you and fully explain why. But if we think we can help, we’ll tell you that too. Then it will be up to you to decide whether or not you believe that what we do is going to help you to get to your goals.
But let’s not get too far ahead of ourselves. For now, your aim is to get to £20,000 and hopefully the information I have shared over the past 4 weeks will help you to do it.
Remember that getting to your first £20,000 starts with saving just £1 per day. And you can do that, can’t you?
I wish you every success.
Find Out More
If you would like to find out more about how having £20,000 to invest could help make you a liquid millionaire then please contact a member of my team for a chat. You have my word there will be no sales, no jargon, just the facts.
Your friend,
Stephen Sutherland
The UK’s Leading Authority in ISA Trend Investing and Author of Liquid Millionaire
Please Note: As always, let me remind you that I am not a financial adviser and therefore not authorised to give advice on what investments to buy or sell.
We endeavour to deliver quality information, ideas and personal opinions on stocks, funds and the general market. However, the information, ideas and personal opinions provided are intended to be a general guide to financial management only. Our products are intended to be a general guide to financial management. ISACO Limited and its employees are not agents, brokers, stockbrokers, broker dealers or registered financial advisors. ISACO Limited do not accept any responsibility for loss occasioned to any person acting or refraining from acting as a result of material contained in its products. ISACO Limited does not recommend particular stocks or investment funds or any other security or any other investment of any kind. If particular stocks or investment funds are mentioned, they are mentioned only for illustrative and educational purposes. Whilst ISACO Limited comments on the services and advice offered by other companies and individuals, none of the companies or individuals have authorised, sponsored, endorsed or approved this publication. ISACO Limited has not received any remuneration in return for including any company or product featured in our products. You should seek advice from a registered financial professional prior to implementing any investment program or financial plan. ISACO Limited, their agents and employees, do not guarantee any results or investment returns based on the information in this program. Past performance is no indication or guarantee of future results and the value of any investment you make can go down as well as up. The products present information and opinions believed to be reliable, but the accuracy cannot be guaranteed and ISACO Limited is not responsible for any errors or omissions. ISACO Limited accept no liability for such inaccurate or incomplete information.
