Building Wealth…& Lifestyle Through Real Estate Investing

“Clarity about long-term fundamental trends is the key to dealing with the random and uncertain short-events that inevitably come in the path of any goal. A clear vision of future change and the discipline to stay the course are the keys to building wealth and success, whether in business or investments. Setbacks are only opportunities to learn, adapt, or invest more. It isn’t a matter of chance to these successful people. Eighty percent of today’s millionaires are self-made, not through inheritances.” The Roaring 2000, by Harry S. Dent Jr. Those with this understanding of change and systematic approach to taking so-called risk will be the millionaires of tomorrow. I like to point out here Robert T. Kiyosaki example of risk. He says driving a car has a risk, but when you know how the car operates, and how to control it, is less risky. However, driving without hands and not knowing how the machine operates is foolish and very risky. In the Millionaire Next Door, the author’s surveys of wealthy people have found that the typical millionaire achieved such status by systematically under-spending and oversaving from modestly above average income. The law of compounding interest and investment returns built wealth over time, not overnight successes or excessive risktaking. A majority are self-employ and real estate investors. Two points that I want to concentrate on. First, when Mr. Dent says “clarity about longterm fundamental trends,” he refers to the wealth model that you have learned. This model is made of seven principles or keys are the fundamental for a long-term success, freedom and wealth. Those seven keys are: 1. 2. 3. 4. 5. 6. 7. Attitude will bring you Altitude and Focus Dreams, Goal setting and Action Plan, your blueprint for success The Right Education Mastering Business and Entrepreneurship Cash Flow (earned, portfolio and passive income) Equity Build up Wealth Mastery-Keeping it all together

Secondly, a “Clear Vision of the Future” we have to understand that we are not in the “Industrial Age” any longer. We are in the “Information and Telecommunication Age.” What does that mean, for starter there is a new class of worker out there, they are called “Telecommuters.” These telecommuters are changing the way real estate investment was presented in the past. The old model about real estate boom and doom (the eight year cycles)… out the window. The new economy is diversifying how people invest in real estate.

As Harry Dent said in his book “The nine shades of penturbia.” Here is how things are changing, the new real estate game: 1. Resort Towns, such as Telluride, Colorado., Myrtle Beach, South Carolina., Lake Tahoe, Nevada., Kemah, Texas., and many others. 2. Small College and University Towns-College Station, Texas., West University in the south side of Houston, etc. 3. Classic Towns-They are attractive, simply for their old fashion. Places such as Pierre, SD., Crossville, TN., etc. 4. Old Factory Towns- Cost of real estate is low. Town such as Lubbock, TX., Midland/Odessa, TX., Blue Ridge, VA. 5. Exurbs-The New Suburbia-People will move further out from the urban areas. Galveston County and Katie, Texas. 6. Suburban Villages-small townships and communities. 7. Emerging New Cities- Austin, Brownsville, and El Paso, Texas. 8. Large Growth Cities- Inner Loop Areas of Houston, Dallas, San Antonio. 9. Urban Villages-Fashionable Enclaves in the Big City. Places such as South Beach, Miami, Florida., Greenwich Village in New York, The Heights in Houston, Texas. Learn about those markets and why people move there. To me it is fascinating to learn about market trends and put the new knowledge into practice!

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