Have you started to feel like our lives are imitating art? And by art, I don’t mean the masterpiece kind you see hanging in the Louvre. I am talking about art that was projected on the big screen back in the ‘80s. Those sci-fi/futuristic films where everyone in town was fleeing to the hills and fighting over a morsel of bread. Where abandoned properties became make-shift shelters, and where banks and currency had no value or worth. Back then, that scenario seemed impossible – even ridiculous, – but not so much today. With all the turmoil going on in the world, the financial options we once used to save for our futures are no longer viable. What was once considered full proof and profitable just isn’t able to withstand these uncertain times. What you need to do today to build your future wealth is get creative.
And that creativity comes in the form of franchise ownership.
While the ‘traditional’ approach to saving your money in a checking or savings account still has its place, it can’t be the number one spot on your Saving-for-My-Future to do list. If you are 60 or younger, cash in the bank should only be used for buying groceries, not for building your nest egg! Ideally, to help protect your cash, watch it grow consistently and steadily, and be safeguarded from some of the issues we face and will continue to face, become an investor in a small business.
What’s important for you to know is that franchises are more than fast food restaurants. While those are tried and true business models that have tremendous staying power, there are a number of other opportunities that don’t require a big labor force. Think about these last two years, and how your buying habits have changed. Did you find that you bought fewer personal items and more home improvement products? Did you add new types of services or personal-style assistance? Did your environment change (working from home, homeschooling the kids) and thereby impacted where you spent your money?
Think about how your spending evolved, and apply that to investing in a franchise.
Leading the franchise sectors are businesses in healthcare, handyman services, elderly care, pet services, and even personal wellbeing and grooming. If you could take your cash and invest it in a franchise business in one of these areas would you? What makes these options so attractive is that they don’t require a brick and mortar building and lots of overhead. Instead, they focus on people. People provide much-needed help or care to others.
If you are ready to cash out your savings and cash it into a solid investment, consider a service-focused franchise opportunity. Stop storing your cash in the bank, or under your mattress, invest in yourself by investing in a franchise and finally reach your financial goals.