So, hopefully you’ve read the book: Rich Dad, Poor Dad by Guy Kawasaki. If you haven’t go grab the book now and read it. I’m sure it had a huge impact on how heavy real estate investing has been as part of our financial plan. I’ve been re-reading it and so many of the ideas are spot on and resonate with me now, it’s been a decade since I first read the book.
Be sure to read all the way to the bottom of this post for an invite to a Vermont Real Estate Investing Night.
Here are a few ideas from the book with a bit of my own twist and input that apply to real estate and business in general:
1) Mindset: First you’ve got to decide if you have an abundance mindset or scarcity mindset. Do you worry that there isn’t enough? Or that you shouldn’t share your ideas or partner with others? Why?
Where there is a will there is a way. ~Pauline Kael
I truly believe this quote. If you believe you can achieve success you will keep trying until you find a way. If you don’t believe it is possible you may give up when you are close to making it happen. You just have to decide which ‘camp’ you live in.
2) Verbalizing & Envisioning: Share your goals with confidents who will push you forward to your goals instead of pulling you down. Imagine your goals have already come to be. Verbalize your exact dream reality.
In a past mastermind group, verbalizing her dream future helped it to fall right in her lap.
3) Action: Take action to make your goals a reality. Connect with people who ‘get it’ and have had success in your field. Don’t expect it to come to you – go ask for advice, learn and keep pushing forward. Learn from your past actions and keep moving forward.
4) Passive Income: This book is huge on passive income (so am I) and re-defining whether your current possessions are assets or liabilities. Guy supports investing in assets that bring you more income (such a rental properties.) And suggests that a house that you own might actually fall into the liabilities category because it causes you to have more expenses. (Check out the book for a great diagram of this.)
So, we invest in real estate and run our rental properties as a business… And I figure that there are probably people in the business community who also want to learn about how to get started…
So join us as we pull back the curtain on:
Real Estate Investing as a Business
Fusion Property Management, LLC @ 200 Main St, Suite 6, BTV
Tuesday, April 21st 6-7:30 pm
RSVP here and feel free to invite a friend or 2.
We’ll have a casual evening where real estate professionals share about their expertise in the field.
A quick note: You don’t have to have tons of cash to invest in real estate – we sure didn’t start out that way and have make wise decisions with our end goals in mind to keep the investing moving forward.