During a finance seminar last July I took notes on the topic of how to get money to finance a business opportunity. Some I agree with some I do not. I don’t like the idea of going into further debt with credit cards. But take a look at the list and see if any of it is of use.

–          1.checking account

–          2. Savings account, i.e. 5K

–          3. Heloc: home equity line of credit.

–          4. 401(k).

–          5. IRA for self

–          401(k)s normally offer 3 to 5 years average return

–          What rate of return would you like to receive, to real estate?

–          One way to transfer 401(k) is to APS Utah.com (American pension services) can act as a custodian of your finances.

–          We take a load from retirement accounts.

–          Restrictions of 401(k) investments: can’t invest in shares of s Corporation

–          can’t invest in collectibles

–          can’t invest in life insurance

–          6. HAS: health savings account.

You need a high deductible insurance added each month.

Tax-free: can be self-directed.

Can be transferred to the kids

–          7. Visa #1 credit limit

Discover credit limit

You borrow 20 K pay $300 month fee times for and you get $1200 a year increase.

–          8. Signature loan: need to have a credit score of 780+

creditcarma.com

Credit cards.com gives a list of credit cards that will offer 0% interest for the first six months.

–          9. Life insurance

–          10. Title loan on a boat, a car to get cash.

–          11. Combination loan is combining signature loan and title loan, together.

–          12.other investments: stock, bonds, metals mutual funds

–          13. Love money: from family to support you in your new financial goals. Move: paying it forward.

If you have ideas to add to the list, feel free to share them in the comment section of this blog.