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Lessons from it is a wounderful life for real estate investors
Lessons from It's a Wonderful Life This classic Christmas movie from decades ago is FULL of POWERFUL lessons that are directly applicable to real estate investors TODAY.   Set in mythical Bedford Falls circa World War II, the story centers around the life of George Bailey (played by Jimmy Stewart).   George has big dreams, but his devotion to his family and community keeps him trapped in tiny Bedford Falls...where he ends up running his family's community bank, The Bailey Building & Loan.   George's nemesis is the cold-hearted mega-banker, Mr. Potter.  Potter views George's Building & Loan as an irritating competitor and wants to wipe it out.   George foolishly entrusts an important financial transaction to his incompetent Uncle Billy and the result is a disastrous loss of a whopping $8,000...a sizable chunk of change in the 1940's.   Facing a run on his bank, regulatory scrutiny and financial ruin, George decides to kill himself so his life insurance proceeds can be used to solve the problem.   But an angel intervenes and shows George how valuable his life has been in spite of the current setback.   In the end, all the good will George had sown throughout his ... more

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