1. It’s not how much money you make that matters, it’s how much you keep.
2. Don’t let friends, family, or co-workers talk you out of real estate investing unless they have more money than they know what to do with. If that’s the case, do what they’re doing.
3. Free contracts are worth what you pay for them. Have your contracts approved by an attorney who will defend them in court. If you have to ask why, you’re new to the business.
Please read part 1 of A Balanced Life.
Most people are time wasters. They waste their own time, and they waste your time as well. To be successful and happy, you must discipline yourself to work all the time you work. The average employee works at about 50 percent of capacity. Fully 80 percent of people working today are underemployed in that their jobs do not really demand their full capacities. Only 5 percent of workers surveyed recently felt that they were working at the outside limits of their potentials.
I just returned from a long-overdue two-week family vacation in Thailand. It was amazing! I recommend adding it to your bucket list.
Being there gave me some time to think about life's priorities and how to better balance my life. So this week I want to share something a little different with you in our newsletter…
I recently finished recording a podcast as the featured guest on “Best Real Estate Investing Advice Ever” hosted by Joe Fairless. This is consistently one of the top rated investing podcasts on iTunes and I encourage you to check it out. The podcast featuring my interview (#111) was released on iTunes on December 21, 2014. (You can listen to the episode below.)
In my interview as a guest on the “Best Real Estate Investing Advice Ever,” the host ended the show with what he called the “lightning round” where he asked me some rapid fire questions:
Money may not buy love, but it appears to buy years.
Economist Barry Bosworth at the Brookings Institution crunched the numbers and found that the richer you are, the longer you’ll live. And it’s a gap that is widening, particularly among women.
Mr. Bosworth parsed this data from the University of Michigan’s Health and Retirement Study, a survey that tracks the health and work-life of 26,000 Americans as they age and retire. It is especially valuable as it tracks the same individuals every two years in what’s known as a longitudinal study, to see how their lives unfold.
