It's chilly again. We had rainshowers today, and a cold front came through. The attic fan will not run tonight....
We are in a three-day seminar, today being the first day. We also go tomorrow and all day Saturday. This seminar is just the teaser; they want you to take the specialized classes later. Regardless, I'm getting a lot of information. Some of the points I wanted to share:
The acronym - GREAT
-The number one rule in creating wealth is financial independence.
-There are three type of income:
1. Earned Income - you have to work to get money - job
2. Passive Residual Income - do the work once, and then get paid over and over
3. Portfolio Income - use your assets to make you more money - your money makes money
-Stop taking advice from people who know less than you.
-You decide to be successful.
Ways to Make money in Real Estate:
I - Income - cash flow
D - Depreciation
E - Equity
A - Appreciation
L - Leverage
FEAR keeps us from doing things we need to do:
F - False
E - Evidence
A - Appearing
R - Real
F - Follow
O - One
C - Course
U - Until
S - Successful
-Insanity is doing the same thing over and over, day after day, expecting different results.
-Your past does not equal your future.
-Just say NO to excuses.
-You must believe it to See it, ad see it to achieve it.
-Set goals. Commit to taking action.