5 Ways Property Investors Save Money & Cut Costs When Times Are Tough

house-1946371_640The times may not be rough for most landlords right now but there are many that can do with knocking off a few more ££s into their accounts.  This piece takes a look at top ways you can save money as a property investor.

Become Your Own Agent

Letting agents take a percentage of your income as a property investor. You can save some money by shopping around for the best deals but you will save even more money by becoming your own agent. You can perform most of the tasks on your own but you need to be certain you can cope with it before you go down this route. Mistakes made with tenant referencing for instance, can prove costly down the line. You’ll need to understand your landlord insurance policy fully to make sure you know what you’re covered for in such situations.

Furnish With Used Property

Second hand options are often ignored when furnishing a property and that’s a mistake.  There are great bargains to be had at auctions and you can even find some quality items for free on recycling websites like Freecycle. Your focus should be on ensuring that the items are of good quality but yiou can enjoy decent savings if you go down this route.

Take Advantage of Grants

From time to time, there are grants made available that you can claim as a landlord. Do your research on these grants to see what is available for you.  The Green Deal on the government’s website is just an example of these grants. It is for you if you intend to insulate your property and make it more efficient.

Get a Better Deal with Tradespeople

Property maintenance is one of the biggest financial commitments made by landlords. Fortunately, the costs can be kept down by shopping around for the best value. RatedPeople is a good platform to find experienced professionals that can do the best work for the best prices.

Do Your Research on Allowances

As a property investor, you can offset a good number of your expenses against your tax bill. Some of these expenses include legal fees, insurance and agency fees.  If you don’t know which expenses you can claim as a property investor, you may be leaving money on the table.

It is easy to leave money on the table as a property investor. These tips will help save more money during lean times and add more money to your pocket even at your most buoyant periods.

Forex Day Trading – The Simple Way

tax breaks for 2016Keeping things simple can be applied to almost every aspect of life and trading is no exception. Simplicity is often overlooked when people are looking for trading strategies and plans. People often feel that if a method is expensive or complicated, it must be better; however this is often not the case and here we will look at how people tend to overcomplicate forex trading.

Finding the Right Trading System for You

Many people complicate their forex trading by trying method after method after method. They think that as soon as they try the right method for them, they will be successful as traders. However, the truth is that once you have chosen your forex trading strategy, you need to work hard at perfecting it. Skipping between methods while you try to find the perfect one for you is more likely to lead traders to blowing their accounts. Traders want their trading to be as simple as possible by finding the perfect system so they can sit back and relax and watch the money come in, but in reality, the simple way of trading is to find a system and work on it until you understand which markets it will work best in.

Keep it Simple to Keep Calm

Seasoned day traders understand that an important aspect of becoming a successful trader is being able to keep calm throughout your trading – whether you are winning or losing. Keeping calm is so important because it will allow you to keep your mind clear and help you stick to your strategies without becoming desperate or overconfident. Keeping your trading simple is a good way to keep calm and to keep your mind clear. In addition, keeping your strategy simple will help you concentrate on the aspects of trading that are most difficult for you personally, such as managing your risk and maintaining your discipline. Getting too complicated can make trading stressful which is something you want to avoid. Spend some time going back to basics and working out how to keep your trading simple and you will improve your chances at success.

What is Anton Kreil’s Net Worth?

anton kreil's net worth

Ex-Goldman Sachs professional trader Anton Kreil found stardom after his appearance on the hit reality series Million Dollar Traders. On the show, he managed a group of amateur investors. Sometimes, reality TV can hurt one’s career, but other times, it can pay off big. So, how did this affect Anton Kreil’s net worth? Let’s find out.

Anton Kreil’s Career

Before Million Dollar Traders, Anton was already a success. He began investing at the age of 16, and by his mid-20’s, he became employed at JP Morgan as Vice President of European Equities. But, his life did not start off wealthy.

According to a 2012 article in ADVFN Financial News by Azeez Mustapha, Kreil was born into a poor family in 1979 and continued to live in hard times throughout his teenage years. When he attended Manchester University from age 18-21, he studied economics and began his career in finance, working also at Lehman Brothers and Goldman Sachs. By 28, he retired from the investment banking industry and traveled across the world.

In a biography featured on Financial Times, Kreil states that in 2008, after finding himself through his travels, he returned to London and agreed to be a part of the BBC’s reality show Million Dollar Traders, which had the goal to educate and entertain.

Following his appearance, the attention he received prompted him to take his career one step further by launching an online video series known as the Institute of Trading and Portfolio Management. This professional training makes trading understandable and achievable to the average individual. He states on his website that he was inspired to design his own course after he went on the road in the U.K. for three months and saw that what he was teaching was understandable.

He currently sells his courses in two different options: one month of access for $1,499; or 12 months of access for $2,999. He also organizes free seminars in New York, Toronto, London, Dubai, Singapore, Hong Kong and Australia for traders of all levels, from beginner to advanced, in an effort to improve their education and results.

Anton Kreil’s Net Worth

As of 2016, Anton Kreil’s net worth was estimated to be more than $8 million. He has been able to accomplish this wealth through his time of attaining financial trading knowledge at such a young age. In fact, he was only 20 years old when he began at JP Morgan. Reports on his personal life say that he was determined to get out of difficult money situation since he was 13 years old, and he made sure to make that happen when he went to college.

In addition to his online training classes, he also offers personal mentoring. Even prior to his launch of the Institute of Trading and Portfolio Management, he trained many of the leading professional traders in Europe, according to AntonKreil.com.

In 2012, he gained even more attention by announcing his personal goal of breaking a record and becoming the first trader in space. He began training for this feat that same year. You can watch him announce this ambition at the 2012 annual Trading the Market Conference in London:

 

Although his courses are met with some criticism on price, he has been able to take his personal life experience and turn it into an on-going income.

 

Photo credit: Ricardo Graham-Ward