Financial times are different than they were in the past, and they continue to change at a rapid clip. Preparing your children to meet the biggest financial impacts they’ll see later in life is imperative if you want them to experience life on their terms. The Extended Golden Years It used to be 65 was […]
Hot Tip! Your creativity can be a bigger financial resource than actual money; to the point where you don’t even need money or conventional investment property loans. Think about it, no money (at least not your own) and no credit, just words and imagination – it’s like one red paperclip, you know the kid who traded from a paperclip to a house in a year? Except not nearly as difficult.
Everyone gushes about the brilliance of private money, and they’re right. Private money is fast, cheaper than hard money, and easy to come by – if you know how to find it. There are three keys to obtaining a private money loan.
Do you like secrets? Here’s a golden one:
All of the profit in a deal is up for grabs.
However, it’s up to you to use the right words and ask the right questions in order to get your share.
It’s up to YOU to get what you want before you close.
You do that through compelling and timely negotiation. Understand, not all real estate negotiations are a head to head battle. Sometimes a successful negotiation can be accomplished by asking a single question, and that leads us to another secret. In fact, the very secret I promised in the headline.
If you are going to refer to yourself as an investor, your job is to buy low and sell high. That is your job, that is how investors make money. It’s “Real Estate Investing 101.” If you’re not prepared to do that, or if you’re opposed to profits, then you need to consider another line of work. Seriously.
People love to learn, but they hate to do. Investing education alone will not make you rich. People will buy a hundred courses and never take one actionable step towards success.
The size of your paycheck and your ability to create wealth will be in direct proportion to your capacity for authentic communication and building rapport.
What would your life look like right now if you had a predictable paycheck automatically delivered to you whether you worked or not?
It’s possible. And more than possible it’s how the wealthiest people became that way. Wealthy people don’t trade their time for money; their money makes them money, and yours can too. Right now!
The first step to mending this financial crisis is a magnificent dose of financial education. Without it, we are headed down the same path that no longer leads to a happy ending. By training the future generations how to be generous capitalists – the only kind of true capitalist – the economic climate will begin to heal. But in order to train the future, the education starts now, with you.
There was a time when working for money, saving, retiring, and living off the interest of your savings account was possible. But today, money is no longer money. Working harder for paper money without converting it into economic assets is like diving without an oxygen tank – you might be fine for a while, but eventually you’re going to run out of air. So, what to do?
Most people think investing is risky because they lack the education and experience to mitigate the risk, and therefore, for them, investing is very risky. What’s funny, and not so much in a ha-ha way, is most people who invest their money rely on someone else to do it for them in the least controllable and therefore riskiest asset class, paper, because they haven’t become financially educated enough to invest in asset classes, or formulate their own investing strategy, that offer more control.
What makes a successful real estate investor? It’s a tough question as people from every income bracket, level of education, and demographic have gone on to become real estate millionaires. It’s such a diverse group that doesn’t seem to have anything in common. As diverse as this group is, however… there is one thing that they all have in common.
Filed Under: "How to", Buy a Million, Own a Million, Receive a Million, Think a Million
Real estate investing is one of the final frontiers that gives the average person a realistic opportunity of reaching millionaire status. However, regardless of the abundance of opportunity that may exist, becoming a millionaire real estate investor will forever exceed one’s grasp unless they give up ten specific things.