E-Type: Investor/Owner
— -- Money makes money. At least it can—with the help of an Investor/Owner E-Type.
Some people are fortunate to have money they can put to work for them. But even those without their own money may have friends, family, colleagues or acquaintances with money, seeking additional ways to invest their wealth. If so—and you're willing to raise money from those people—there's another option available in addition to starting more "traditional" businesses—becoming an investor or owner.
Whether you buy real estate or vending machines, invest in stocks or second mortgages, being an investor/owner can offer you a very nice lifestyle. You can leverage your money (or the money you raise) into additional income without necessarily having to show up for work every day. When you do work, your time is typically very flexible.
Being an investor/owner can also be interesting and exciting. You have the opportunity to learn a great deal about one specific field—the area you choose to invest in. If, for instance, you choose to invest in real estate, you'll have to stay current on property values, mortgage rates, legal issues, and so on, which, if you are interested in real estate, can be very enjoyable.
The downside, of course, is risk. You are using your own—or other people's—money in the hopes that the financial returns will be greater than more traditional, safer institutional investment options. But there's certainly no guarantee.
Investor/Owners are comfortable with risk. In fact, they may not consider what they do risky at all. After all, if they do their homework, take steps to reduce risks, and stay on top of their investments, they feel like they're in charge of their future.
Investor/Owners are also typically independent people. They trust their own judgment (although the successful ones seek professional advice whenever appropriate) and are happy to take the time to do research and make educated decisions about their investments. Many will like the fact that they can work by themselves rather than having to work closely with other people on a daily basis.
