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Mark O. Haroldsen - Investing In Real Estate

One of Mark's long held principles in accumulating personal wealth is real estate investment. His book, "Waking Up The Financial Genius Inside You", takes you through the steps, in detail, using real estate investing as an example, to create your own blueprint for financial success.

  Mark O. Haroldsen’s BLOG

Novelty and Innovation

September 15, 2019 by   • Filed under blog

I am always so impressed, when I travel to new places, by how it stimulates my brain, especially when those new places are a new country.  Right now, we are in Macedonia and, wow, what a great and different country this is! Tomorrow we are off to Kosovo. That will make 94 countries that I have visited. That’s quite a lot but I don’t think I will make it to all 200 plus countries on earth before I check out of this life, but I will sure enjoy seeing as many new places as I can before my body assumes room temperature.

Seeing new places can produce some very big and new ideas for things like inventions, innovations, etc. As I visit and totally enjoy these new places and people, it makes me more fully realize how virtually all people, regardless of their ethnicity, skin color, and education level, are pretty much the same as far as the majority being friendly, nice, and good! And in every country, there are really creative and innovative people as well. That got me to thinking about how many times people create something by just putting two different things together to come up with a new product or invention.

For example, it wasn’t that many years ago when people hand carried their heavy suitcases as they traveled.  I thought of this as my wife and I packed 3 huge suitcases plus two drag bags for our trip to Europe. Someone not so long ago put two simple things together to create a great and super helpful new invention – just a few wheels attached to the bottom of a suitcase. Wow, that was so simple! Why didn’t you or I come up with that simple invention that has been so great and helpful to all of us globetrotting humans.

If we set our minds to coming up with new products from two or more existing products, we could make a fortune. Take a simple product like a peddle bicycle and attach a battery and, wham, bang, you have come up with a brand-new and popular product. Then the next could have been putting that battery on a scooter and you might have come up with another form of powered transportation such as Lyme and the other brands.

I’ll never forget many years ago thinking what a waste it was to have all those cars parked for days at the airport while people were arriving and renting cars. It made me think of how maybe I could set up a program where you could rent out your car when you left for a trip and then you could rent someone’s car at the airport of your destination. I knew there would be a lot of issues as to insurance and possible damage or theft and putting it together would not be very simple. Then along came UBER and LYFT a few years later, which, although a traveler’s car isn’t in use while they are away, other people’s cars are not just sitting in their driveways but are out helping traveler’s get around and usually for quite a bit less than a Taxi.

Those car services are simple but great innovations that help so many and it just took putting together existing things to make something new and super useful. These things aren’t likely to come about unless your brain is stimulated and exposed to new things. If you keep your mind active and curious with novel things and keep searching for ideas, you could come up with the next simple and super useful innovation!

  Previously on Mark O. Haroldsen's Blog