Long before money was invented, people traded goods to get what they wanted. Later on, as people began domesticating livestock, salt became a form of money; and later yet gold and silver; but trade between buyers and sellers has never completely gone away. This is seen every day when people "trade in" their old cars for new cars.
When homeowners start considering a voluntary move from one residence to another, two problems immediately arise: One of these is to determine how much they’ll be able to net from the sale of their current house, and how much they’ll be able to buy their next house for. The second is how to sell their current home, and yet be able to stay in it until they are able to move into their next home. Being able to solve these common problems is the key to being able to buy and sell real estate with very little "holding time" and the tieing up of a lot of money.
One could make the case that following all three of the above success rules could be complied with by most of those who are poor. Of course there are exceptions to the rule. Widowers and widows. Those who are mentally or physically disabled, etc. But in terms of the general population, those who don't follow the above rules could do so for the most part if they wanted to. Ask yourself, which of the above rules are prohibited by law? Who can't complete high school? Millions of immigrants with less than perfect command of the English language do it every year. If they tried, who couldn't avoid having a child, as father or mother, prior to age 20; especially out of wedlock without the benefit of a parental partner?
With just a little effort anyone can With just a little effort anyone can get leads coming in for their real estate business. Just sticking signs at corners or sending letters to owners or talking to a few realtors. Your phone will ring! But then what?
Continue reading “What Price Are You Paying For Lack of Education?”
One of the good things about being self employed and having a home based business is the flexibility to do what you want, when you want, and how you want. One of the WORST things about being self employed and having a home based business is taking advantage of being able to do what you want, when you want, and how you want. How could that be?
Continue reading “How to Be More Productive, Effective and Successful”
A “common denominator” I’ve noticed with many newer investors is that many are “dazed and confused” about what to do next or which path to follow or which type deal to do. The net result is that they are either literally paralyzed because of information overload or, even worse, some have headed down the wrong path and are in serious financial trouble. Does that sound familiar?
Continue reading “Are You Struggling in Your Real Estate Business?”
I’ve always considered the Army recruiting slogan above to be as good advice as anyone can be given. The Army takes a lot of time testing new recruits to see what their aptitudes are before assigning them a duty. Entrepreneurs’ aptitudes are tested by the ventures they attempt. The more we can learn, the better equipped we’ll be to deal with challenges that come our way. But that doesn’t mean that we’ve got to learn everything about everything before we start out.
I like to read books about the lives of successful people. In these books, I see the “rags to riches” pattern repeated over and over again. If we are to take any lessons from the lives of successful people such as Benjamin Franklin, Henry Ford or Bill Gates it’s this: The yellow brick road to success starts with a person’s dissatisfaction with some aspect of their life; followed by a desire to do something about it; coupled with the expectation that a change can actually be created to improve the situation. The success of this concept rests on the conviction that the change can actually be accomplished and that it will decrease dissatisfaction.
When tested in real life, you aren’t given a multiple-choice test where it’s possible to guess your way to a high score. When I was in pilot training, I studied the theory of flight and aircraft construction and instrumentation. I learned FAA control tower and radio procedures. I was taught the proper way to pre-flight an aircraft and to start it up. But it wasn’t until my first solo flight, when everything I’d learned had to be put to work in order to bring myself back to earth in one piece, did I know I could really fly an airplane. The same concept is what builds confidence as a speculator or investor in the real estate business. How? Through the process of combining education, skill, and experience to achieve personal and financial goals you’ve set yourself. Setting and meeting your own tough standards creates a positive attitude that helps you to continue to overcome challenges.
Continue reading “Confidence Is Knowing That You Know Enough To Take Action”
When we hear the expression “confidence game” or “con game”, we immediately think of scams and bunko schemes, but that’s not what this month’s letter is all about. In this letter, I want to deal with something that touches all of us to a certain degree; and in my view is a major determinant as to how well a person does as an entrepreneur or investor. Hopefully, I’ll be able to share some insights that will be helpful to some readers out there. As for you seasoned pros, think of this letter as a sort of literary chicken soup; if your sick, it will make you better; if you’re not sick, it couldn’t hurt.
