The Highest Cost Items Offer The Highest Potential Savings

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Topics: Investor Success


   Interest: I know someone who's covered up with credit card debt, but who doesn't know how much interest she's paying on her unpaid balances. She's never applied for another credit card, which would charge a lower rate of interest. She could reduce her interest payments by using a lower cost card to pay off her current account. This could save her thousands of dollars, enabling her to pay her cards off faster. Few people realize that minimum ATM charges can add up to a lot more than it would cost to simply withdraw the money inside the bank.

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Single Family Houses Offer The Best Solutions

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Topics: Investor Success


   If ignorance breeds fear, and fear blocks people from becoming financially successful, using single family houses to help you climb capital mountain is a proven remedy for mediocrity. Millions of people have created nest eggs simply by buying a house using mortgage debt, then paying off the loan over time. Let the record speak for itself; how many people do you know personally whose lifetime savings are represented by their home equity? Today wouldn't be too soon to get started buying.

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Find A Need And Fill It . . . As Efficiently As You Can

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Topics: Investor Success

  
    A long time ago somebody figured out that real job security lies in meeting the needs of both your employer and his customers. That can be a tall order. The first thing you should do in a new job is to burn the midnight oil to learn all you can about it, and to improve on it so that your impact on profits can be seen by those above you. But there's much more to the process. If you want to be successful, you've got to learn a lot more than your particular job. You've got to prepare yourself to take over the position you boss holds so that he can be promoted upward, taking you along with him. Aim to be the most qualified person to replace him. Prepare someone else to take your place. The last thing you want to be is the only person who can do your job. Your company will be reluctant to move you up if there's no qualified person that they can put into your old position.

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Fear Mires Many In Mediocrity

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Topics: Investor Success


     I'm constantly surprised at how my seminars on Asset Protection seem to draw more people than my seminars on making money. It would seem that there should be a lot more people trying to accumulate money than there would be people trying to protect it; but that hasn't been my experience. I've also noticed that many people use credit cards to pre-pay their tuition into the Asset Protection seminars, then request that we hold off processing these cards until they can pay down their credit balances. Upon reflection, I've come to the conclusion that there's a direct connection between these two anomalies. They're both based upon fear.

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Being Different Is The Key To Avoid Competition

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Topics: Investor Success


    Conventional real estate brokerage is very competitive. Most brokers don't make much money. To compete with others who have been in the field much longer than you, you've got to approach things differently. Once I'd learned enough to list, sell, and to find and process the financing, I began to focus on ways to sell or buy houses without using banks at all. That enabled me to continue to create profits when all the other brokers were mired down by lack of reasonable institutional financing. I firmly believe that being able to avoid institutional financing during periods of high interest rates, or non-availability of loans, is critical to real success in buying and selling houses. Think about this a moment.

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The Power of Negative Thinking Continued

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Topics: Investor Success


The foregoing is only a metaphor, but the reality of any speculative investment is that once you've won, you should try to refrain from betting all your winnings on the next project. The way that most people risk everything is by entering into speculative situations with a lot of money, and by personally guaranteeing debts or leases. When they do this, they put everything they own at risk. The way to avoid doing this is to refrain from making any personal guarantees or incurring any liability when you borrow money. Certainly, this is going to slow you down considerably, but it will also keep you from falling of your own Capital Mountain.

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The Power of Negative Thinking

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Topics: Investor Success


Over a long and checkered career I've been conned into working extra hours to chase someone else's dream, and people I instinctively trusted have scammed me out of enough money to retire on for life. Many times I've let unbridled and unfounded optimism hold me to a non-productive course of action when I should have abandoned it months before. I've invested in things that went down, and kept my money there far beyond the point when I should have sold for a loss and moved on. At the end of the day, if I'd injected a little negative thinking into my decisions, I would have been further down the road earlier.

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Mortgage Fraud

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Topics: Investor Success


From time to time I'm going to revisit the topic of mortgage fraud because it has grown into a national epidemic, and the legal backlash is going to be severe.  A number of high profile attorneys, appraisers, investors, builders, real estate and mortgage brokers are already serving time for mortgage fraud, and the net is being expanded as I speak.

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