I think setting the goals with a specific timeframe are the most powerful. "I want to become a millionaire" is very open ended but adding "by 40" to that gives you a specific target to work towards.
We have rental properties and it has been nothing but a headache...you don't have problems with renters???? In the long run it is profitable...but a LOT of work...
Hi Vanessa! Out of over 30 renters, I’ve only had one renter that was a headache, and some that weren’t the best, but not bad. I’ve been really lucky I suppose and I try to vet them pretty well and have stricter standards for my rentals than most, I think.
I was going to ask the same question. Many whom I talked to had bad experience. One told me her co-worker trashed the apartment that she was renting!!! Maybe it depends on the place where you live?
I wrote stuff on my wall when had big exams coming. I also did this because I failed one test huge years ago. And writing it and seeing it everyday and night helped.
Great video. I think tracking your progress is critical. If you can't measure it--you can't improve it! My current financial spreadsheet is 19 years old. So when I go through a bad downturn, I can always remind myself of 2002 and 2008. Even when things are bad--another 2013 is coming! I think tracking also involves some "Gamification" of investing. For people like us, a minor financial win will have basically zero impact on our lifestyle. But the line on the spreadsheet can act as a reward in itself. I want to "win" so I keep trying. It's all about a mindset and personal psychology.
Oh well I was close lol I also wanted to say reading. I love the quote that says, "The chains of habit are too light to be felt, until too heavy to be broken." Thanks for sharing!
I love the positive thinking. I want to learn more about real estate investing. It is scary as I lost my house in 2013 because of the crash I owed more then it was worth. After that I vowed never to have a mortgage again. My husband and I bought a 1950s small gutted home for 9k and remodeled the whole house. New everything. I borrowed from my 401k. I have no mortgage. I started working as a travel nurse which pays a lot so I could work less and enjoy seeing the country. We saved some money and paid off any debt. I invested in stock Robinhood. My fear keeps me from real estate. My credit score is over 800. I need more money for down payment on buying property. Not totally sure what real estate to buy. Fix and flip would be nice if fix and hold rent or airbnb or furnished find for travel nurses. My husband has done construction for 20 years. He isn't a GC. I looked into wholesaling but seems difficult. So I am going go back to travel nursing for now. I want to get to where I could quit nursing. I need a cashflow. I am late in the game at 54 years old. I struggle with self esteem issues. I was brought up by narcissist parents. I never feel really good enough. I never give myself credit for anything I do. We started a small handyman business so my husband can make more money and have more flexibility. Also I needed to make more money in my tax home to be able to get tax free per diem or stipends in California. Airbnb sound cool but with covid and looming down turn in economy worries me.
Hi Lori! Positive thinking is really important. Sounds like you've been through a lot. I would just think about what YOU really want and what YOU would like to do to get there. For example, I have no desire to do fix and flips, so I don't. I stick with buy and hold investments because that's what I like. I have another friend who does really well with fix and flips because he loves it. It makes a big difference if you actually like what you are doing because you'll tend to be better at it. You can always start with whatever you'd like at any age, better now than later. 😊
@@WealthyTiffany ok nice, and did you sell any? I bought my first one with my VA, I am now in the process of refinancing into a conventional in order for me to use my VA again on a house... I just want to say that it is really cool that I'm not only talking to a millionaire but you give advice. Thank you. Wish I could pick your brain more
@@ejcorinealdi That, the stock market and a few other things. You can check out this video for more details: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-cALX4DF7i78.html
Sounds like the law of positive attraction. There is too much cynicism, negativity, and pessimism surrounding us. I had to get away from people like that.
Anyone can purchase my books, watch my content, sign up for my program and they will all learn something 😊 What I’ve learned: When you speak to everyone, you speak to no one.
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