Press Release Summary: At a time when we are facing rising costs of good and things look recessionary, a book comes along with a new approach to demystify finances and stop the get rich quick themes cold in their tracks.
Press Release Body: FOR IMMEDIATE RELEASE White Diamond Press (949) 215-5474 Jambur64@cox.net NEW BOOK LEAVES AN IMPRESSION ON THE RECESSION
(ALISO VIEJO, CA)-James Burns, an author, attorney and ex-Marine demystifies finances and equips investors to leave an impression on the recession.
Unlike most financial planners who overly commit to the stock market, Burns' financial and military training have made him wary of committing all assets in one place to achieve an objective. Instead, he suggests a three-pronged approach to help withstand the current recession conditions so that you can continue to wage war against inflation and the rising cost of goods and services.
"With a sinking dollar, a turbulent stock market that is unpredictable and volatile, investors need a new tactical approach," says Burns. "They need a balance and a combination of forces."
The three prongs of the approach-which Burns refers to as "pillars"-are leverage, arbitrage and cash flow.
Leverage, the first pillar, means doing more with less and we can use it in every aspect of our life. It becomes especially important when using real estate or creating an annual million dollar income.
Arbitrage, the second pillar, refers to finding investments gaps in investments to exploit, such as real estate, indexing in tax-free vehicles or other opportunities that will offer greater returns than the money you borrowed through leveraging.
Cash flow, the third pillar, is the steady income generated from the investment that you secured through the leverage and arbitrage pillars-such as rent from tenants in an apartment complex or distressed property bought in the current market.
The three-pillar approach can be this easy: You buy a distressed property outright, and then you leverage a management company to find a new buyer so that you transfer all the responsibilities to the new owner like taxes and insurance. The next step is taking the money paid by the new owner from the first property and investing it in another below market house that produces payments (arbitrage). The last pillar is the steady note payments that come from these houses (cash flow).
In theory, you can accomplish all three pillars by purchasing a bank repossessed property and collect the new mortgage payments that the new owner pays to you, now you're acting like a bank.
Burns has encapsulated this entire approach in his new book, The 3 Secret Pillars of Wealth: How to Crack your Wealth Code Using the Tools of the Self-Made Billionaires. He also teaches seminars and Webinars.
Web Site: http://www.3pillarsofwealth.com
Contact Details: James Burns, Esq. 18662 MacArthur Blvd., 2nd Floor Irvine, CA. 92612 PH:(949) 440-3243 FAX: (714) 464-4448 jambur64@cox.net
2022
