So this is a very important post to me and I wanted to go briefly over it with you. Over the past few years, I have had the opportunity to meet with some very important people and these meetings have been vital in my growth as an adult as well as a real estate entrepreneur.
At one time, I was getting personal advice from a man who won the entrepreneur of the year award by a major entrepreneurial organization, had exposes in upper end magazines, and was an overall great individual. I am still in contact with a President of a local bank and was on an acquaintance relationship with the Lt Governor of the State. How did all that happen? Well, people like me and I am a helpful person. Eventually, it just ended up happening and I am very grateful for all of my experiences. One of the greatest experiences I have ever had has been to sit down multiple times with an actual billionaire who made his money in real estate. I wanted to share just a bit of this information with you. Would you like to learn something?
This man, was so brilliant that I couldn't even understand the way that he thought. All I know was that I was so awestruck at the time spent with him that it took me years to even grasp his words. He thought on so much of a greater level than I have ever seen. We talked about world economics and he even warned me about this recession that we are currently in.
He warned me of over leverage and what it was causing which was all correct and he also explained to me this. He explained that it doesn't matter how much money you make this year or even over the next couple of years. What matters is how much money you have in ten and twenty years. What he meant is what is happening to everyone right now. All of these real estate "millionaires" had so much and now that the market has corrected they are losing everything. Now I over leveraged a bit but not to the point where we were not able to manage through the down times. We are actually still able to grow and put money away but had I now been given that information, perhaps we would be in the same position that 12.5% or 1 in 8 people are in these days; foreclosure. I hope that it is not too late for you and just heed those words. A self made BILLIONAIRE is definitely someone to listen to. Thanks a bunch Jack
Well, there are a couple points to this post. First of all, I have experienced great success from all that I have learned and what I continue to learn from everyone in my life. From people with more real estate experience than me to watching my four year old little girl and how she enjoys life and everyday experiences.
The point that I was trying to show in what I had learned from Jack was that it doesnt matter how much money you make this year. If you lose it in a year than you might as well never have made it.
So good luck, make mistakes and keep pushing forward.
Check out our website at www.investingrocks.com and www.CharlestonRealEstateInvesting.com
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