No BS Financial Freedom .com » Mentors

Ask

gabrielg — Fri, 30 Jan 2009 04:11:16 +0000

You don’t ask, you don’t get.

“I know a few authors who are great askers. My friend, Mark Victor Hansen, co-creator with Jack Canfield of the publishing phenomenon, the Chicken Soup for the Soul series, is a phenomenal asker. If he meets a celebrity, king, president, athlete, CEO, anybody and everybody, he asks them for something, to somehow help him to promote himself or his books or his causes, to introduce him to somebody else he wants to meet.” -Dan Kennedy

To experience the highest level of happiness and success in your entrepreneurial ventures and life experiences in general, it is of vital importance that you learn to ask for the things that you want.

Ask, Ask, Ask.

Ask your friends.

Ask your prospects.

Ask your clients.

Ask your lover.

Ask your workers.

Ask God.

Ask yourself.

Ask your community.

Ask for what you want and need when you need it.

The worst that can happen is that you hear a no, in which case you move on to the next. However, you may just be surprised at how often the answer will be yes.

One of the best books ever that has tauight me the power of asking is called The Aladdin Factor by the same people form the Chicken Soup for the Soul series. It is really phenomenal what applying this principle in your every day life can do for you in literally every area of life.

The 11 Forgotten Laws

Mastermind Group

gabrielg — Tue, 20 Jan 2009 05:57:00 +0000

I am continually amazed by t he power of a mastermind group. I have a solid group of 3 other guys determined to succeed at a very high level in all areas of life. We hold each other accountable for goals, and intentions we set for each other, teach each other, and make sure that we all stay on track.

Today we had our mastermind meeting where we all went over our goals for 2009. In less than an hour, 4 or 5 of the items we had set forth had already gotten put into motion right there at the table with someone offering a great idea, asking a great question, or offering to connect the goal setter with the right person.

I cannot emphasize how powerful this ongoing process of masterminding is. In fact, if you don’t have one, I recommend that you form one immediately.

Don’t know people committed to success?

ATTRACT THEM….get out to wealth networking events and shake some hands, meet some people, find out what they need, ask some questions, and STAY IN CONTACT.

Also, see my article on Attracting Vision Supporters!

Multi-Family Investing Meeting

gabrielg — Tue, 13 Jan 2009 06:04:00 +0000

Here are some of the basic ideas that I picked up around the Multi-Family RE Investor Meeting:

Be patient.
Be persistent, persist & learn from failure.
Don’t ever give up, continue to make offers.
Rehab A & B Type properties to the max.
Mindset is key, one of the biggest ingredients to success.
Create systems for yourself & your business & stick to them.
Network with people who have the experience.
Don’t listen to people who are negative, pessimistic, or have less experience than you.

There seemed to be a consensus around the table stating that if you are going to do anything in multi-family real estate, do 50 units or above for a number of reasons.

To begin with, apparently, the underwriting process is much smoother with bigger deals. The smaller deals (4-49 units) look too much like residential to commercial lenders, and they look too much like commercial to residential lenders. Apparently the “bigger money” (above 5-10 million dollars) is easier to get, and it is much looser.

Also, on another note, it’s going to be essentially as easy to hire a great property manager on a 36 unit building as it would to hire one one a 1000 unit property. It is better to overpay a great property manager, than to underpay a bad one.

“If I had eight hours to chop down a tree, I’d spend six sharpening my axe.” -Abraham Lincoln

Work on your business, not in it. Meaning spend more times working on the systems and hiring the people who will implement them, than doing the actual work yourself (i.e. hire a competent RE CPA instead of trying to do all the bills and taxes on your own). It’s too easy to get sucked into the day to day details of the operation, so learn how to delegate properly (property management, bookkeeping, etc).

“Business and investing are team sports.”- Robert Kiyosaki

Since Real Estate Investing is a team sport, surround yourself with the best people in their respective areas…Realtors, engineers, attorneys, tax advisers, lenders, etc… The goal is to be the “dumbest guy” on your team. If you are the smartest guy on your investment team, than something is wrong.

Books that were recommended during this meeting:

Wealth Networking Goal 2009

gabrielg — Wed, 07 Jan 2009 05:04:00 +0000

I have come to accept that the people that you consistently hang around will affect who you become more greatly than almost any other factor.

This also applies to your income. I have heard it said if you take the average income of the 5 people you hang around the most, you should have a rough estimate of where your income currently is.

For this reason, my intention is to continually associate with people who are playing at a much higher level than me because I know it will inspire me to reach even greater heights, seek greater possibilities, and hold myself accountable to even greater visions. That’s not to mention all the amazing learning, knowledge, and energy osmosis that naturally occurs when hanging around people who live their lives with a positive powerful, loving, wealthy power.

I have set a goal to attend 40 or more wealth networking events throughout 2009. I attended a RE Investment meeting last night, and tonight an Internet Marketers meeting.

I feel good. 2/40 meetings complete.

The Worth of a Dollar

gabrielg — Sun, 04 Jan 2009 07:41:00 +0000

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.

Wealth Networking & Hiring a RE Investment Mentor

gabrielg — Sun, 04 Jan 2009 00:12:00 +0000

As you can see in my goals for 2009, one of them is to remain consistent in attending meetings with wealthy people who are doing what I intend to. It is important that I surround myself with people who are already financial free, or well on their way with real estate investment and other mediums.

I have committed to getting to 40 or more of these within this 2009 year, and by God, I think I can do it.

I need to go get some new business cards printed because I haven’t had a need for them in so long that I don’t even know where they are.

Another part of my goals for this year is to hire a real estate mentor. As I have stated before, I have already been in real estate for over 5 years, and I still have not acquired any properties for my buy and rent strategy. If I intend to accumulate an immense amount of ongoing wealth and cash-flow, I understand that buy and rent is the way to go.

For some reason, I have not taken enough massive action yet, and I feel that if I have a mentor they will be able to walk me through the process, and in turn, I can model their patterns, and learn from all their experience.

You may be familiar with the term OPM (other people’s money,) but let us not forget the immense importance of OPE (other people’s experience) and the years of learning curve it can save me from.