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Invest in a Basic Need

October 26, 2018 by  
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Just yesterday, I was on a conference call discussing options for doing a 1031 exchange as a big property that I’m a part owner of was recently sold for many, many millions of dollars. We did make a huge profit on this property and it had a great cash flow during the time we owned it, just like most of the income properties I’ve invested in, but it was time to sell. So, we were looking at our options to buy into other properties which would allow us to avoid paying a huge capital gains tax. We discussed several properties that looked quite promising when one of the partners—a guy much smarter than me—talked about the possible softening of the real estate market due to rising interest rates. Whereas he and others agreed that we are probably due for a pull-back of property values, the new acquisitions looked so promising that a pull-back in prices in the area would not likely have much effect on our possible purchase but it was still a risk.

I was faced with a similar dilemma many years ago and just recently happened to come across something I wrote back then when everyone was worried about a down turn in the economy and a pull-back of real estate prices. My headline was “A Basic Need”. In this piece I wrote, “Why is real estate such a good investment? Why do experts predict that the real estate market may slow down but will probably never fail?”

My answer to those questions is the reason why real estate is such a super great investment – real estate is an answer to a basic need. People always need a place to live, a place to work, a place to shop, a place to stay when on a vacation, and even a place to farm. Improved real estate is especially in demand and it is in demand most of the time. These include apartment units, single family houses, duplexes, etc. And, of course, one of the huge benefits of this kind of real estate is that even if the market softens and price come down, you still have someone else increasing your net worth since their rent payments are paying down your mortgage. Is that a great deal or what?

Even when the market softens a bit, eventually, these properties regain their value as the supply of units shrink and rents begin to climb again. I’ve seen this happen many, many times but investing in small rental houses, duplexes and apartment buildings, through all kinds of market conditions, was how I made my first million. I would keep buying as the market softened and prices and rents began to drop, but I was pretty darn sure the drop would eventually be over and, sure enough, the slump would end and put more millions in my pocket.

Bottom line here is yes, the economy will probably pull back a bit in the next year or so, but this can open up many opportunities for you and can bring you big profits in the long run. So, keep an eye out for good income properties and make offers to buy, whether the economy softens or it keeps on growing.

 

The Energy Generating Brain

October 19, 2018 by  
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I am pretty sure there’s not many people that wouldn’t like a bit more energy. Okay, maybe an 8-year-old kid has plenty, but most of us, especially as we age, really want and need more energy. The amazing thing about humans is that we can actually create more energy with our minds.

The mind can be one of the strongest and most powerful force that you possess. A overly simple example of the mind creating energy is if you were dead tired at the end of a mountain hike and could hardly take another step, but suddenly you were confronted by a grizzly bear, your brain would immediately send a signal that would produce a huge amount of adrenaline and give you plenty of energy to move very quickly to save yourself. Although that is chemical physiology, even quantum physics has proven that your thoughts can be vibrations of energy.

How about this? You are lying in bed, totally worn out with seemingly no physical or mental energy, and suddenly you think of some incredible new invention. You can visualize how this idea could very possibly make you a quick few million dollars. Suddenly, your brain creates a ton of new energy and you jump out of bed, rush to your desk, and begin putting your great new idea on paper.

Your brain really can create energy. I totally believe that your brain is the key to your financial fortune and my experience backs up this belief. Some say that you can obtain wealth by training your subconscious mind to attract wealth, and I totally agree. If you put those money-making thoughts and plans deeply in your mind and then push very hard to turn those thoughts into action, you can and will be successful.

Quoting from one-mind-one-energy.com, “The most potent form of energy is thought because thought waves are cosmic waves penetrating all time and space.”  The 5 steps below, found on that website, make so much sense and are so very true. We really need to watch our brains like these 5 steps advise.

  1. “Watch your thoughts, they become words.”
  2. “Watch your words, they become actions.”
  3. Watch your actions, they become habits.”
  4. Watch your habits, they become your character.”
  5. Watch your character, it becomes your destiny.”

Good ole Mahatma Gandhi said something similar: “A man is but the product of his thoughts–what he thinks, he becomes.”

Wow, there’s a bunch of good stuff to pound into our brains that can greatly enhance and improve our lives, whether it’s to make millions of dollars or become whatever we’ve always wanted to become and maybe have fallen short. Plus, who among us doesn’t want to have a ton more energy?

A List to Start the Day

September 14, 2018 by  
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A few weeks ago, I talked about how important that first hour of your day can be as the book, The Miracle Morning, talks about. I would add one critical thing that you can do to make that first 60 minutes of your day so much more productive and beneficial to your life – write down, the night before, the items and tasks that you want to address the next morning. Write what you want to concentrate on for those first 60 minutes. You can break it down to six 10 minute items or four 15 minutes tasks, but no matter how you do it, making a list can, and will, greatly increase the odds of you following through on what you want to accomplish.

There is something magic that happens in your brain when you reduce your desires to a list. When you write those items down, it’s like your brain pushes you to act on them and won’t let you go until you do it.

In my book, How to Ignite Your Passion for Living, I have a chapter entitled “Clone Yourself with the Amazing ‘L’ Factor”.  Show me any super-successful person who has accomplished big things and I’ll show you an accomplished list maker. Yes, you can clone yourself by the wise use of list making, plus some good old-fashion delegation.

Of the many specific techniques that have huge value in helping catapult a person to the top of whatever they’re going after, I have to say that list making is at, or near, the top of that list. For some reason most people tend to put a much higher value on just about anything that is on a written list. It’s just flat-out amazing how much more enhanced your life will become and how many more dreams and goals you will be able to achieve by using lists. In addition, daily task lists or to-do lists are the key to keeping track of accomplishing all the bite-size components into which you’ve broken down your big picture goals.

So, if you have gotten away from that ole list making habit, it’s probably a good time to start making lists in order to drive yourself to get lots of stuff done. And I don’t mean just for that first hour of the day, but make lists for your big, huge goals and read over your list often, checking off those items that you’ve accomplished. Then you can give yourself a nice pat on the back for getting the job done!

A Billionaire and a Popstar

August 31, 2018 by  
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I’m sure you’ve taken note of certain people whose lives seem packed full of many marvelous activities, adventures, and experiences. Have you ever wondered how they do it all? Well, a big part of their success is that they are good at making, keeping, and working off of lists.

A good example is British billionaire Sir Richard Branson, who credits his lists of things he wants to accomplish as the key to his getting so much done. He takes the time to go down that list often, adding to it and checking off each item as it is completed.

Here’s a guy who, at the tender age of 25, had the nerve to make a $100,000 offer to buy the Caribbean island of Necker that was listed for sale at $6 million dollars. No, the seller didn’t accept that low ball offer but, later, Branson did buy the entire island for a mere $180,000 which ended up being one of his favorite paradise getaways. And get this … his super luxury cabin rents out for $65,000 a night! Wow. That’s my kind of real estate investment – a place you can rent out, when not using it for yourself, that provides a super great cash flow.

Today, his Virgin group of businesses owns more than 200 different companies. Among these companies are businesses that specialize in air travel, finance, retail sales, music, cell phones, internet, hotels, and even a railroad. In 1999, Branson attempted, and broke, world records in hot air balloon travel and in a transatlantic small boat crossing.

Pop star, Madonna, also has a reputation as a big list maker. Although her accomplishments are in different areas than Branson’s, she attributes her list-making to keeping track of her priorities and getting so much done.

Lists are one of the secrets used by the rich and famous every day of their lives. They help them to run their businesses and to expand their ventures. List making is a common trait of millions of successful people regardless of race, sex, nationality, or occupation. Lists are used to lift their lives and propel them toward fulfillment. And lists can do the same for you and me!

Once again, as I write about this, it truly motivates me to make more lists and be more consistent in doing just that. But here’s a good question to end on: How important is it to “Prioritize” your lists?  We’ll talk about that next week.

In the meantime, how about you or your son or granddaughter become the next Branson? Hey, it could happen, and then maybe you will invite me to a hot air balloon ride across the Atlantic!

Money Can Buy You Novelty

August 17, 2018 by  
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If you Google “Ignite My Life Now”, you will see “Investing in Real Estate” as part of the headline, so some people might wonder if this blog is about investing in real estate or igniting your life. I certainly believe that investing in real estate and making lots of money does not necessarily  ignite a person’s life, even if real estate investing yields millions and millions of dollars for that person. I clearly remember thinking, when I was young and didn’t have much money, that once I made a million dollars, my world would be perfect and I would be totally satisfied, content, and happy. I imagined that my life would be totally ignited.

However, when I arrived at my first million-dollar net worth goal, I was surprised and disappointed that I didn’t feel much better, so I figured I had to make another million or two, then I would be totally set in the departments of contentment, happiness and fulfillment. I was certain that my world would be pretty much ignited and perfect then. But surprise, surprise … when I arrived at my new goal my life still didn’t seem to be ignited.

I looked deeper and deeper to try to discover what the real key to fulfillment, contentment, and happiness in a person’s life was and whether money could play a part. As it turns out, there is a lot that goes into having a content, fulfilled, and happy life and, yes, money can be a part of that.

We all know that love and loving relationships with other people – a spouse, friends, children and others – lifts the happiness factor as does setting goals and reaching them. It also has been proven that unique and novel experiences can revitalize a person’s mind by boosting a brain chemical called dopamine, which makes you feel so very happy. But, what about money? What part can it play in lifting our contentment and happiness factors?

What I have found is that money by itself does not make a person much happier than when they did not have it. It can, however, buy more possibilities in a person’s world. You see, our brains want novelty and money can give you more time and resources to carefully and creatively design and go after these novel experiences. This is one of the best uses of your money.

I’ll never forget all the totally unique and novel experiences I had when my wife and I went around the world in 28 days, visiting dozens of new and different countries with so many totally different life styles, houses, huge castles, small villages and fascinating people of different cultures, religions and habits. On a smaller scale but also quite stimulating for the mind, is being in places like I am now.

As I write this blog I am sitting in a marvelous,  multi-story “cabin” in beautiful Big Sky, Montana, totally enjoying this very unique and novel place with most of my kids and grandkids. Ok, yes, I’m working, writing this blog as the some of the kids are running about, visiting Yellowstone, looking to go tubing, or taking the chairlift to the top of the mountain. But none of this would be happening if I hadn’t invested in the good ole real estate stuff and make some good money at it.

The big bonus to making money on my investments was that I really did enjoy the work and I got a ton of contentment along the way as I worked through each deal. I even broke a sweat back in the days when I did much of the hard labor to repair and fix houses and apartment buildings in order to increase their value. I’m not saying that I’ve always been perfectly happy and content, but I am saying that money has opened a much wider world for novel and unique experiences that have greatly enhanced and lifted my world.

Future Thinking

July 6, 2018 by  
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Continuing from my last blog on “visualization of the future”, someone pointed out that a man becomes what he thinks about all day, or as it says in Proverbs 23:7, “For as he thinketh in his heart so is he.” If you, for example are aiming at someday owning a hundred apartment or rental units, or a few small shopping centers, or want to achieve a certain net worth within a given time frame, you make that vision definite and well-focused, running it through your mind every day. You then work backwards from that ultimate big vision to the present time, locking in what must be done to end up in that future position and, if you do, then you will almost certainly succeed.

A great example of clear, concise visualization was portrayed in the old classic 1977 movie, Rocky, which was a story inspired by the boxer, Chuck Wepner. As you probably remember, Rocky was a boxer who, after much preparation, finished a fifteen-round fight with a world heavyweight champion. Once he had that goal locked in his mind, nothing could stop him, and nothing did. I’m sure if he’d set the goal of winning that fight he probably would have ended up doing so.

It is totally possible for anyone to meet their objective if that same mindset of determination and dedication that Rocky used was to be applied. He looked into his own future, saw what was possible then made it reality with a huge, unbendable mindset and, of course, a huge amount of hard, hard work!

Visualizing our own future can, and does, serve us well if we set our minds on things that are good for us. Looking into the future can even keep us alive. I’ll never forget the near tragic story of the plane crash in the Andes and that hero of a guy by the name Nando Parado. He not only saved himself, he also saved many others by keeping his mind focused on the future.

The book Survive details how, after the crash in the snow-covered Andes, with practically no provisions, these surviving athletes were able to stay alive for 2 months. This was accomplished largely through the efforts of Nando who had the ability to visualize the future, and even finally walked and crawled for many, many miles over the frozen ground and steep hills and mountains to finally reach civilization and save his team mates. He was able to do this almost impossible task because he didn’t stop visualizing the future, even when the future was only a few yards away such as his next rock, snowbank or hunk of ice that he had made his next goal on the way to save himself and the others.

Future thinking and visualization really can save your life as well as totally enhance every part of the life that you choose.

See into Your Own Financial Future

June 29, 2018 by  
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First of all, is it really possible to see your financial future, or even into the future, in any part of your life? I do strongly think the answer is a big fat YES! “Future looking” certainly has seemed to work for me. When I was young, I visualized myself making tons of money. I wanted to make my first million by age 30 and it all worked out, even bigger and better than I visualized.  Here’s how I went about it.

First, I began visualizing the end–my final goal and objective. With a very clear precise vision there is hardly a person, organization, or circumstance that can stop you from achieving what you have clearly set in your mind’s vision.

The real trick to making this work is in your ability to clearly visualize that future outcome. This takes deep insight and discernment. Unfortunately, most of us are not encouraged to use our imagination adequately. Consequently, the art of visualizing with imagination is not as developed as it should be or could be. With effort, however, we can start the subconscious motors and keep them running for our own huge financial benefit. Also, that thing that I wrote about in my last two blogs called “brain blinks” will likely kick in more often and lead you to great things.

Many so-called sophisticated people scoff at the value of this little exercise. But if used in the proper context and with intelligent control, the result can be powerful and very rewarding. My experience is that when a person uses their imagination to visualize the final results in sufficient detail, they can actually see into their future and, so, with a step by step plan, those final results can be reached.

So, here is what you need to do. Focusing on your ultimate objective, lock it into your memory, then work backward from that future goal to your present circumstance. In other words, you mentally think through each step necessary to achieve that particular objective.

Additionally, it is imperative to write down each step and all the plans that are necessary for you to accomplish your goal. Put this down on paper, in your phone, or in a computer as a permanent document, and be sure to put down a time line for each step. Then work hard to stay on task and on time. However, if your miss some of your time deadlines, don’t beat yourself up – forgive yourself. Nobody is perfect. Just move on and move forward with your plans.

Spending time to look very hard into your future can pay huge financial dividends but remember, this brain exercise is certainly not limited to money. It can just as easily and effectively be used with sports, public speaking, acting, performing, writing etc. Just about any part of your life can be greatly enhanced by using that wonderful, powerful, and almost magical thing we call the human brain. Let’s all remember that and cement it deep into our heads and go do it.

P.S. You might want to share this with a few younger people inasmuch as they have so much life in front of them and this financial advice could make them many, many millions of dollars since they have so much time!

In the Blink of an Eye

June 15, 2018 by  
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I’m sure that we’ve all had moments in our life when suddenly our brains provide an answer to a question we’ve been struggling with. Maybe it was as simple as a name of a person that we couldn’t remember or a great creative or business investment idea that popped into our head when we were thinking about something totally different. It can happen in the blink of an eye.

How about when you meet someone new and in that blink of an eye you know and feel in that instant that this new person is not a good person.  I will never forget being told by a friend that a guy he’s known for years had a great investment opportunity that I needed to get into. Then, wow, when I met the guy I knew, within a blink of an eye, that he couldn’t be trusted. Sure enough, my friend and several others lost hundreds of thousands of dollars as this guy, that my brain told me couldn’t be trusted, took off with their money.  The only good part of all of that was that the guy was caught later in a foreign country and is now sitting in a California prison and will be for many years to come.

In a great little book titled Blink, Malcolm Gladwell makes a very convincing case that our subconscious brains are so very good at giving us instant, and often times, very accurate feedback to all kinds of life, business and personal situations. Gladwell says, “The part of the brain that leaps to conclusions like this is called the ‘adaptive unconscious’, and the study of this kind of decision making is one of the most important new fields in psychology.  The adaptive unconscious is not to be confused with the unconscious described by Sigmund Freud.”

Next week I want to talk more about the great power of listening to the instant feedback that our adaptive unconscious gives us. I’ll give you some of the details concerning a 10-million-dollar deal that long, hard expert research said was a good and genuine opportunity but that the adaptive unconscious of several people indicated it was a phony deal, and they were right. In the meantime, don’t forget to “trust your gut” because most of the time your gut gets it right in the “blink of an eye”.

Save Time to Make Millions

June 1, 2018 by  
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It is so easy to squander your time in a way that you hardly notice.  Most time is wasted in minutes, not hours. The average person squanders enough time in ten years to have earned a college degree. Some people may have lost enough time to have earned 2 or 3 degrees or could have made a few extra thousands of dollars, or even a million dollars.  So maybe next time you find yourself watching TV, turn it off and, using strategies that will save time and expand your opportunities, do some easy chair investing.

Just pick up the newspaper or go on line and take a look at some properties that are for sale. There is no need to drive all over town looking for those “For Sale” signs. That’s a huge waste of time. Instead, stake a claim to a little piece of time one day a week to search for just one good deal. You may be very surprised at how many properties are available. When you do see a property or two that look even somewhat promising, then start doing some delegating. And the fast, easy way to delegate now is too start writing offers and then call a few real estate agents to deliver your offers.  Most agents will be more than happy to do all this beginning legwork.

Of course, never forget those critical words that every offer to purchase needs to have – “This offer is subject to the buyer’s inspection and acceptance of the property,” or words to that effect. This, of course, means that you can walk away from the deal for any reason without any liability to you. You also won’t want to waste any time driving to the property and doing your inspection until the seller has agreed to your price and terms.

These strategies, along with delegating what you can to an agent, will save you a lot of time and will greatly expanded your opportunities. Years ago, when I was buying small properties, I would make dozens of offers each week using these strategies. It worked miracles for me and it can work for anyone. Then once I completed a purchase, I would begin the process of improving the property.

Here, again, I wanted to expand my time by delegating to others.  If you are like me, and do not relish the idea of fixing up a house or apartment building, you can easily find help by putting an ad online or in the newspaper, or ask around for a young, energetic person or a retired handyman.  There are always good workers out there looking to pick up a little extra income. By using their efforts and hard work, you have expanded your world, increased your available time, and greatly improved your odds of making millions through wise strategies and delegation!

Make Your Birthdays Count

April 14, 2018 by  
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Wow!   I just turned 888!  Okay, that’s in months not years but one can only imagine how different the world would be if you really could live 800 plus years.  Just think of all we could accomplish!

Why do we make a big deal out of a birthday?  For the most part I think it’s a good thing since it usually pushes us to not only review the past year or years but also it can motivate us to think about how short life really is. It makes us question what we’ve accomplished and what we have fallen short on. That thought should push us to live life big! It should push fear out of your mind so that you just go do what you really what to do.

As I plod along, working on writing my auto-biography and making a time line of my life, two big things have struck me. First, life is really, really short. Second, I’m totally blown away by how much I have done over the past years. It’s absolutely amazing to me how much a single human being can do in their lifetime, even though on a day to day basis it doesn’t seem like all that much.

When I look back at my life, I’m truly amazed that I’ve written 9 books, especially when I stop and think that those books were written a single word at a time. But then, I think of my good friend Richard Paul Evans, who has written more than 2 dozen books!  Where does he get the time? But again, it’s all done with baby steps.

We can all do so much with our life. Just always remember that the big things, even monumental accomplishments, are done one step at a time.  So, go after your huge goals and ambitions with at least a few minutes here and a few minutes later. Whether it’s writing books, making millions of dollars or running a marathon, it’s all step by tiny step.

Yes, I’m 888 months old or 27,010 days old, plus I spend probably 222 months just sleeping but when I look back I’m amazed that I’ve gotten so much stuff done.  Looking back, it seems like there is no way that little ol’ me could have earned tens of millions of dollars in income and investments as well as having written all those books all the while raising a bunch of kids and grandkids.

The big lesson in life, I think, is realizing that there are big things we can do if we put our minds to it. We do need to fully realize and understand two simple things—that life is short, so we need to push ourselves to use that short amount of time wisely, and that it can, and will, all add up to some very big accomplishments for your life. You just put one foot in front of the other, one step at a time.

 

 

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