Is it possible to become wealthy with a fixed job that provides just a steady salary? The secret to becoming rich is to make your money work for you. Whether you work for your monthly salary or choose to sit at home and watch your money multiply is your personal choice.
The problem with this approach is obvious—lack of liquid cash for investments. Investing $100,000 in the share market can help you become a millionaire overnight. Yet, saving that $100,000 can take a lot of time.
The alternative is to think out of the box and focus on non-cash assets, like your house for example. If you own a home, then it represents a significant chunk of your capital just waiting to be used to generate additional returns.
One option is to let out space for setting up of a mobile signal tower. In order to provide quality service, telephone service providers have to set up multiple towers all over the city. You can earn a tidy sum in the form of an initial deposit combined with monthly rent by leasing space to cell phone companies.
The best part about this is you don’t have to do anything out of the ordinary to earn additional income. You already have the space. The tower will be, in all probably, setup on you roof, which means it is not going to affect your lifestyle. Once the deal is done, you will get a monthly paycheck towards rent without having to do anything extra.
Many persons make the mistake of finalizing the lease without formal consultation or advice from a professional. There are many mobile signal tower leasing options that you must keep in mind before signing on the dotted line.
The initial deposit, the escalation clause that guarantees a higher rent in each subsequent year, jurisdiction of the dispute-redressal authority, rights of the lessor, i.e. you, and the lessee—everything must be put down in a written and legally binding contract to ensure a hassle-free transaction.
You will also have to provide for the possibility of sale of the property if you get a really good deal on the same. All these points are bet clarified in writing at the beginning. The cost of professional legal assistance will be negligible as compared to the huge income that you will enjoy as long as the mobile tower lease continues on your property.
The best part is this transaction will not impact the natural and inevitable increase in the value of your property. The right agreement can make a huge difference to your long-term wealth creation prospects. You can use the income generated by the mobile phone tower to repay your home loan faster.