More money can mean better:
- Health Care
- Relaxing Vacations and Adventures
- Education for your children or yourself
- Better home than you have now
Best of all it can reduce stress from not having to worry about money!
Many of us have problems in life that additional cash will help solve the situation. Did you know that 80% of problems in life could be simply resolved with additional cash.
Your first step to becoming financially secure is getting involved in real estate as an investor. Now you must take the next step "Stop chasing money".
John Michael, the founder of Stealth Educational Services has a vary simple but phrase he loves to use.
Money has twelve legs and you have two - It will always out run you when you chase it.
Fundamentally, there are two areas to focus on to build wealth and generate cash.
1. You must develop skills and strategies to reduce your expenses along with maximizing your life style.
2. You must develop skills and strategies of generating additional revenues.
You will need to learn how to use:
OPM - Other Peoples Money
OPT - Other Peoples Time
We all have life expenses such as:
- Food - Meals
- Auto Insurance
- Auto gas and oil
- Rent or Mortgage payments
- Along with other purchases
You easily spend $2,000, $5,000, $10,000, or even more every year on these expenses.
Did you know that for every dollar that you make tax deductible you can receive approximately 15¢ to even 50¢ back from the government and yes it all depends upon your tax bracket and tax rate. The easiest and fastest way to get tax breaks you will need is to simply start a small business.
As a real estate investor, you have a small business!
This should be your goal for your financial strategy as a real estate investor over the next 12 months:
- $50,000 to $100,000 income from real estate investing
- Cut your tax bill in half
- Reduce your auto insurance by 1/3
- Save $1,000's on your next purchase of a car
- Reduce your food cost by 10%
- Decrease your health cost up to 20%
- Open your KEOG retirement plan
- Improve your credit
- Protect and shield your assets
Just to name a few.
You may have to work full time and do real estate investing part-time for several months until you get the ball rolling. You will need multiple sources of income to become successful as you grow and start your carrier as a real estate investor.
Let me give you another set of goals that you should shoot for as well:
- Build wealth in real estate
- Develop multiple sources of income and residual income
- Make money while you sleep
- Develop a profitable real estate investing business
- Earn at least 15% on your investments
- Use your real estate investing business for tax deductions
- Use compounding of money and time to build wealth slowly
- Become worth more to an employer until you are able to fire them
Stop chasing money, it is not how much money you "earn", it is what you "learn" to do with the money that matters.
You must have a good plan for building wealth!
More wealth and cash can make life more exciting, dynamic, and fun.
"Daring ideas are like chessmen moved forward. They may be beaten, but they may start a winning game." By Johann Wolfgang von Goethe
John Michael is the author of "Getting Started In Real Estate Investing"
In addition, you can review his book at: http://jmichaelrei.com
|
|
|
|
|
|
|
|
|
|
|


According to the National Association of Realtors, For Sale By... Read More
Purchasing a home can be a complicated and confusing process,... Read More
Through our website the most common question that we receive... Read More
You are attracted to a home for more than its... Read More
I start my marketing with obituaries followed with probate filings... Read More
If you already own your home, you will probably make... Read More
For small business owners, commercial real estate investment is the... Read More
Successful Property Letting And Management is not something that just... Read More
Homebuyers and sellers should be aware about issues involving homeowners... Read More
You've searched high and low around town looking for that... Read More
When buying a home, it can be easy to overlook... Read More
Like a monarch, Red Haring reigned in the deep leather... Read More
The Traditional FavouritesOver the last five to ten years, UK... Read More
In a previous article we introduced you to the concept... Read More
Homebuyers are a curious lot. They routinely ask thought-provoking questions.... Read More
It's high time someone advocated the use of common sense... Read More
Cyprus is fast becoming a property hotspot for thousands of... Read More
The secret to success in real estate investment is finding... Read More
In rural home purchases, the transaction is often subject to... Read More
Property Investing often requires creative strategies to make it successful.... Read More
New concepts in Interior Design Psychology are helping home sellers... Read More
In our fast paced and frantic real estate market, buying... Read More
Great, now how do I actually INVEST in real estate?Investing... Read More
Whether you're a "move up" home buyer, downsizing, or relocating... Read More
There is a relatively new and not always well understood... Read More
The only way to buy a home in Spain is... Read More
Want to sell your home right away, for the highest... Read More
1. Make sure units are larger than 1800 square feet.This... Read More
Hopefully all goes smoothly when you purchase your home. In... Read More
You're travelling in a foreign country and you get arrested... Read More
Use Google right now and do a search on, "Home... Read More
Bulgaria is a truly magnificent country, located in Eastern Europe... Read More
With the recent release from the UK's biggest mortgage lender,... Read More


When you bought your home, you offered less than you... Read More
Once relegated to the classified advertising section of the local... Read More
The only way to buy a home in Spain is... Read More
Selling your home requires some thought and a clear plan... Read More
When you buy a home, you need to be aware... Read More
You've searched high and low around town looking for that... Read More
1. Planning:Know Your Target BuyersThink about your neighborhood and the... Read More
Great, now how do I actually INVEST in real estate?Investing... Read More
The art of using high-leveraged activities.Here I would like to... Read More
As a native Midwesterner, the first thing I noticed when... Read More
Questions Sellers Should Ask in Agent Interviews:1. Is your license... Read More
It's amazing how important the sense of smell is to... Read More
Central Illinois is an area rich in cultural activities and... Read More
Real estate agents, Canadian citizens and foreign investors interested in... Read More
Finding a lotPlanning for your new home is a very... Read More
There are two sides to a feasibility study and in... Read More
I can't emphasize enough how important it is to have... Read More
Is your pet worth $100,000? It may be if you... Read More
Whether it's a lakefront cottage or a log cabin in... Read More
Many are taking advantage of this year's low mortgage rates... Read More
When it comes to real estate investing, most beginners find... Read More
We've all made bad decisions in the past. Don't you... Read More
As you are making your cold calls on property, you... Read More
A Realtor has just talked to you and said, "I... Read More
According to the National Association of Realtors, For Sale By... Read More
Advertising to the "Public"Every home seller likes to be assured... Read More
This info is very important for both new and experienced... Read More
Whether you list with an agent or sell on your... Read More
If you already own your home, you will probably make... Read More
When managing residential properties one bad tenant can often undo... Read More
Purchasing Florida Investment PropertyConsidering researching the purchase of Florida Investment... Read More
Have you seen this in your classifieds? -"Will pay $$$... Read More
Everyone has heard a story or read about someone who... Read More
Real Estate |