Bullseye Commodity Trader Newsletter

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Do You Use Your Credit Wisely?

I lost the opportunity to quickly make almost $60,000 because I didn't understand the value of leveraging my credit. Here's what happened...

In the fall of 2001, I was going to buy a 40-acre parcel of land in northwest Arizona at $395 an acre ($15,800 total cost). The Federal Land Bureau sold off a huge tract of property that was just a short distance to Las Vegas, Nevada - the fastest growing town in the United States. My thinking was that this area would soon become a suburb of Las Vegas and it would naturally increase in value. A week before going out there (on my honeymoon) I was laid off.

Because I'm a conservative guy, I thought that it would be irresponsible for me to go into hock for land - not knowing what the future held for me. Let me tell you that this was a HUGE MISTAKE. Why? Because within 18 months, the remaining 40-acre parcels were being sold at $1,495 an acre. This land was now worth $59,800.

With the benefit of hindsight, I can tell you that if I could do this over again — here is what I would do.

I would have purchased a 40-acre parcel and put it on my credit card. This land purchase would have cost me about $22 a month in minimum payments. Eighteen months later I could have sold two 5-acre parcels on eBay for $8,000 each and paid down my original debt to zero. In addition, I would now own 30 acres of prime Arizona land that would now be worth over $60,000. The total cost of leveraging my credit with monthly minimum payments would have been only $396. Anytime you can get over $60,000 of value for a few dollars a month it's a real good deal. Don't you agree?

Bottom Line:

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Remember, this limited time special monthly subscription offer to The Bull$eye Commodity TraderTM Educational Newsletter plus all the other items previously mentioned expires at Midnight.

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