Well I know it’s been a while since I have written to you. I’ve been keeping myself rather busy with many hours onthe job, exercise, study, a touch of social activites, and not as many wealth building actions as I would like.
I’m still at my sales job where I have been selling advertising to about 120 different industries. It’s a fun job that pays well and I love the people I work with. It is also rewarding in non social and monetary ways because I love selling; however it is still a job. It is still an employee role that I play. It is still a part of the “rat race” that kiosaki refers to.
In reference to my financial freedom, I have still been adding money to my savings and financial freedom account on a daily basis. My cash reserves are growing, but have yet to produce even 1 dollar of passive or portfolio income.
I have been sporadiclly looking at potential real estate deals and making offers. Many of the properties are REO (real estate owned) by the bank. In our current market I have found that alot if these foreclosed properties wil recieve numerous offers and alot of he strongest competition comes from first time home buyers who are willing to offer more than a cash investor at wholesale prices.
I need to implement a new strategy for aquiring real estate and bargain prices. I know that the current condition of the market is an excelent time to invest and something that many sophisticated Investors have been waiting a long time for.
I have a mind to put together a marketing campaign and focus on specific targets to attract motivated sellers to call me with the properties that they need to sell. Already, I have created a rough outline of a marketing plan for the next few months, but the first step is to come up with a catchy name and memorable logo that I can brand the market with.
gabrielg FFA, Financial Freedom Account, Friends, Investing, Real Estate Investment, Sales, The Real Estate Market
Rich dad said, “Everyone has the ability to build a financial ark to survive and flourish in the future. But you must invest time in your financial education to build an ark with a solid foundation.”
“Take control of your own financial ark and buy or build assets that generate cash flow. Include real estate, busineses, and paper assets. As soon as your income from your assets (your money working for you) exceeds your expenses you are financially free.”
-Rich Dad’s Prophecy
gabrielg Bubbles, FFA, Financial Education, Freedom, Wealth Actions
If the Federal Reserve continues to just print more money out of thin air, what does that do to the value of the dollar?
Apparently that continues to lower the amount of resources you can purchase with every dollar you have in your pocket. The more that is printed, the less clout it
has in the financial world.
It cannot go on forever, and eventually it is scheduled to repeat itself. Throughout history, when a government went off of the gold or silver standard, the ones who have survived financially were the ones who held onto the precious metals.
I have about $5,395.00 saved up in my Financial Freedom Account which I have made a habit of adding to each day. The only purpose for the money in this account is to generate more money. I have been considering investing a portion of this in my Real Estate Investment Mentor, ultimately working together it should uncover a real estate deal that will more than pay for the cost.
Another thing I have been considering is to put it all into silver and gold, and just continue to build up those reserves until the market crashes. Although, I intend on growing the gold and silver reserves, I would like to do it with a separate account.
This money that is in my FFA right now can be used to do actual deals right now, not to mention all of the priceless education that comes about through more experiences.
I was studying a crash course on the patterns that economic bubbles tend to follow. It showed various market bubbles through history in line graphs, and laid them on top of each other. If the real estate bubble follows the same pattern, it appears that the real bottom of the real estate market should be somewhere around 2015.
gabrielg Bubbles, FFA, Financial Freedom Account, Gold, Mentors, Precious Metals, Real Estate Investment, Silver, The Market, The Real Estate Market
I wonder if I can help people through this media.
I am on a quest to enjoy absolute financial freedom, traveling, exploring the world, and enjoying the benefits a life of great wealth has to offer.
I intend to achieve much of this wealth through the accumulation of cash flowing real estate properties. It has been about 5 years since I first decided to seriously pursue real estate, and frankly, it has not been moving as fast as I would have liked.
At the same time, I do not want to discount the success that I have had. I have successfully helped other investors to find numerous deals, and myself have purchased, fixed up and sold a property for a small profit. It’s great for this, and I am very thankful.
What if I could find a way to break free from the rat race sooner?
What if I could help others interested in living a life of Financial Freedom?
gabrielg FFA, Financial Education, Freedom, Real Estate Investment
