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with you. It's a book we'll write together for one whole year. And it's going to be an experiment. We will track our wealth and our income as we listen to a Trillionaire. Trillionaire? Who is this Trillionaire you ask? It's King Solomon, the richest and wisest man who ever lived. Steven K. Scott said his life changed in 2 years after reading King Solomon's advice in the Book of Proverbs. Steven barely earned $18,000 a year...now, he earns $7 Million a year. Everyday, we'll read the Book of Proverbs together. I will write the passage that moved me that day. I will write what I learned from it. I will also write the results - what happens when I follow the advice...and even what happens when I don't. Because...sooner or later, I too will stray from the path and will not follow King Solomon's advice...because they're too difficult. But help me stay on the path. Help me to follow the advice from the world's first ever Trillionaire. Write your thoughts. Inspire me. Apply what you will learn and share it with me...with everyone. So everyone will be inspired. This is how we'll go on a journey to create a million, Millionaires worldwide. What better mentor to have than King Solomon. Are you with me? "The laborer's appetite works for him; his hunger drives him on." - Proverbs 16:26 I was asked a question once "How will I get experienced real estate investors to mastermind with me or partner with me when I am just a newbie?" I gave an answer...which upon reading today's proverb is now UNSATISFACTORY. My answer was "Newbie investors tend to have more time than experienced real estate investors." After reading today's proverb, my answer was unsatisfactory because I realized it was not complete. Reflecting upon today's proverb made me realize the complete answer should be: "A newbie investor has generally more time than the experienced real estate investor and also the newbie investor is HUNGRY." And as today's proverb says "that hunger drives him on."
you are losing money on the deals you manage to have. and other details of the car he wanted. One of the probing questions you can ask the seller is "Why are you selling?" Then assuming the seller needs cash. Even though their team did not win the Apprentice Challenge..I have 2 students who became part of the Apprentice Challenge .. "What model of car do you want to buy?" Then the seller relayed the model.to raise money.to find a good deal for your buyer." .... Mic and Jay were hungry and they were determined to succeed. One of my mentors relayed this story of a seller who wanted $15.. you realize that sometimes it's not the know-how that you know in your head. If you master this art.but the hunger in your heart that makes you a winner. The Apprentice Challenge makes everyone hungry because of the team competition.. You need to be able to distinguish between what a seller needs and what a seller wants.." She found a used car in an auction and bought it for $5.Proverbs 17:27 Do you want to succeed as a real estate investor? You need to listen. When you complete a challenge.000?" The seller responded. "Well.000.which turned out to be her wholesale profit on the deal.to lease a property and to generate another stream of income from real estate..000 . You need to listen to your buyer's and seller's needs and wants. will you give me the title of the house?" The seller responded "Definitely. My question to you is: how hungry are you to succeed? A man of knowledge uses words with restraint. She then proposed the following: "If I get you the car you wanted. She gave the car to the seller in exchange for the house. She saved herself $10.or you're not doing as many deals as you could be.sell his condo in Cubao.Mic Mejia and Jay Villar. .I will buy a car with the money. You might be surprised by the answers and you might end up with a good deal. Despite the fact that they were newbies. You're competing with other teams to sell a house quickly. She asked the question "What will you do with the money once you get $15.000 for a property. their hunger drove them to sell that condo in just 10 days. If you think you know what a seller needs without asking probing questions. you will become a rich investor.a much more experienced real estate investor (and author of the book "Think Rich Pinoy!") ." She probed even deeper. and a man of understanding is even-tempered.. you should follow it up with "What will you do with the money?".. brand. they were able to help Larry Gamboa ..
I want to win in every real estate negotiation.you're negotiating. And do not make any assumptions. When you're selling real estate to a buyer. It's the same thing when raising money from an investor or lender.The Trillionaire Wealth Advice for the Day is: Get in the habit of listening to the needs of your seller and buyer. I have to master the art of listening to distinguish between what a seller needs and what a seller wants. "What will you use the money for?".. "What do you need?" Then shut up. If you do and if you can come up with a creative solution that satisfy the needs of the seller. He does not owe anything on it and it needs about P200K in repairs. This is the ARV. I will keep an open mind.. Listen to both verbal and non-verbal cues. buyer and allows you to make a profit. .it is crucial to listen first before answering in a negotiation.the seller paid P1 Million for this property back in 2005. You will make money in real estate if you do. listen and make an offer that satisfies the needs of the one you're negotiating with and you will win every negotiation. Also. listen and make an offer that satisfies the needs of the one I am negotiating with.. You need to get an idea of what the property is worth in today's value. The Trillionaire Wealth Advice for Today is: LISTEN first before you speak.Proverbs 18:13 Building on yesterday's reflection. I was asked the question by one of my students who are part of my Online Coaching program. Keep an open mind.. Listen with your ears and with your eyes. What offer should I make to the seller in a way that will help me make money from this deal." ..you're negotiating. When you're buying real estate from a seller. Listen like you've never listened before. you need to listen to the seller when you ask him the question "Why are you selling?" Ask probing questions like "Why do you need X (the price he is asking)?". "I have this deal.." There is incomplete information. You're always negotiating. you will become a successful real estate investor. Successful real estate investors listen first before they speak in a negotiation.. He who answers before listening that is his folly and his shame. I want to be a rich investor..
The truth is.. I bought a $12. And that's just the beginning. 2010. So. Read Proverbs 20 "A sluggard does not plow in season.. That's too expensive!". I was flabbergasted by what I've learned. October 20.Proverbs 20:4 Do you want to have a thriving real estate business? I found that my most successful students have developed the powerful habits that become the seeds of profit. and in the end you will be wise. In two weeks we've made $30. plant the seeds of good habits. so at harvest time he looks but finds nothing.000 course that teaches how to sell expensive or high end items. 2010.Proverbs 19:20 You don't know what you don't know.ctober 19. I immediately applied it and I got some of my partners to implement it as well..you cannot afford NOT to have the knowledge." . I encounter people who want to be rich but when you present to them this idea of attending a seminar. they become easy. Then nurture them everyday.. This is when . The Trillionaire Wealth Advice for Today is: stop being cheap get the knowledge even if it costs a lot . or getting into a coaching program .and implement it immediately. When those three habits become true habits. They specifically develop three habits: Habits to attract deals or properties for sale from motivated sellers Habits to find eager and qualified buyers and renters Habits to attract investors and lenders The results we achieve daily are 90% driven by habits. or buying a home study course.they will immediately exclaim "I cannot afford that.by making them habitual." .000 course. if you want to get good results.000 (some of the money are to be received over the next few months) on just one of the techniques I've learned from a $12. I can just imagine the money that can be made over time from that one technique. And what you don't know will cost you money and it will be a lot more than you can imagine. Read Proverbs 19 "Listen to advice and accept instruction.
No wonder 3% of the world's population earns 97% of the money that is being earned. As King Solomon proverbs today show. The plans of the diligent lead to profit as surely as haste leads to poverty.Proverbs 3:13-14 Due to popular demand the Trillionaire Wealth Advice forum is back for 2010. those who gain understanding. January 3. Planning with execution equals profit! The Trillionaire Wealth Advice for Today is: plan how you can earn more and get your wealth to increase. for she is more profitable than silver and yields better returns than gold..planning is crucial to success. Without spending time to .results will start to come in. " What good habits am I planting today?" The Trilionaire Wealth Advice for Today is: plant the seeds of good habits daily and you will get good results. Planning helps you manifest your dreams.. SO here's your forum post for today: T.. " .you have to be the right PERSON at the right place at the right time. 2010. So ask yourself today.Proverbs 21:5 Most people plan their vacations longer than how they plan about how to make their money and wealth grow.and implement your plans daily. Harv Ecker said that success is not just being in the right place at the right time .. I've made the mistake of buying my first rental property without learning how to become a good landlord first." . I cannot agree more. Read Proverbs 3 "Blessed are those who find wisdom.
and God said. What about you? Do you want to become a good real estate investor one who buys and sells houses successfully and make a lot of profit from it? I am biased but I suggest you seriously look at attending my "Think Rich Quick" seminar. LORD my God.study and become the right person . you have made your servant king in place of my father David. But I am only a little child and do not know how to carry out my duties.” Solomon answered. a great people. You have continued this great kindness to him and have given him a son to sit on his throne this very day. “Ask for whatever you want me to give you.a good landlord . 6 “Now. I ended up wasting time in "opportunity cost" because instead of acquiring my second deal I was trying to make my first deal a profitable one. which I think is only partially proper. It read: At Gibeon the LORD appeared to Solomon during the night in a dream. The Trillionaire Wealth Advice for Today is: invest in yourself so you become the right person to attract success.com to register. because he was faithful to you and righteous and upright in heart. Remember that God gave Solomon his wealth conditionally. too numerous to 7 . Here's the link: http://trqgold. es I will be with you for a time but maybe not sometimes coz I've another thing in mind when reading your advise: quoting Bible verses for material pursuits and quests. I am extending the early bird special until January 8 due to the holidays. 8 Your servant is here among the people you have chosen.I ended up losing money because I did not know what I was doing. my father David. Eventually my first deal was profitable but it could have been more profitable had I become the right person first. “You have shown great kindness to your servant. I couldn't fill my vacancy and I ended up paying the mortgage payment out of my pocket for several agonizing months.
for instruction in righteousness. as he later became. 14 And if you walk in obedience to me and keep my decrees and commands as David your father did. Mastermind with like-minded people specially with people who have done exactly what you want to do.count or number. 12 I will do what you have asked.Proverbs 13:20 Do you want to assure yourself of success in real estate investing? Here's the answer: MASTERMIND. and is profitable for doctrine. honor. When I put my students in a mastermind their success rates skyrocket. For who is able to govern this great people of yours?” The Lord was pleased that Solomon had asked for this. nor have asked for the death of your enemies but for discernment in administering justice. riches.” 15 Then Solomon awoke—and he realized it had been a dream. no less and no more." . So I think the Bible is: 2 TIMOTHY 3:16 NKJ 16 All Scripture is given by inspiration of God. 13 Moreover. nor will there ever be. so that there will never have been anyone like you. Let me count the reasons: . for correction. in condition of humility. did not even think of acquiring such a great wealth. 9 So give your servant a discerning heart to govern your people and to distinguish between right and wrong. He who walks with the wise grows wise. It was God. but a companion of fools suffers harm. 10 So we can see that King Solomon. for reproof. “Since you have asked for this and not for long life or wealth for yourself. He heartily asked a discerning heart for the accurate administration of justice. I will give you a long life. It's easy to find out why. I will give you a wise and discerning heart. long life. 11 So God said to him. that added the other "things" (wealth. etc.) to his request. I will give you what you have not asked for—both wealth and honor—so that in your lifetime you will have no equal among kings.
2010. you should seek out like-minded people specially people who are already more successful than you and become part of a mastermind group...they also learn from each other. One of the prizes of winning the challenge is you become part of my Philippine Mastermind Group. Between the Trillionaire and The . I discovered about bulk REOs or buying foreclosed properties in BULK from one of my students. 4.and being embarrassed in front of the entire group? This creates a powerful accountability and when you become accountable for results. Marketing . Maria Senger told me she has a property in Tampa Florida. And when you act. Today's proverb reminds us that hard work is important. Management .you will deliver. I am no longer accepting applicants for my Philippine Mastermind Group (I am still accepting applicants for my US Mastermind group).Proverbs 14:23 Sometimes the movie "The Secret" and the Law of Attraction has done more harm than good... to me and to the group. However. 2. but mere talk leads only to poverty.your wealth mindset or beliefs put a limit on the money you're making.in my mastermind group.. if you want to seriously become part of the mastermind group the opportunity is open for those who join the Apprentice Challenge. Our newest member .. For example. my students help each other market each other's properties. Regardless of what you do.1.. 3. Read Proverbs 14 "All hard work brings a profit. Mastery . The movie de-emphasized the importance of hard work and taking massive action. The diversity of knowhow that each of my students have is amazing.Joie Pangilinan can help sell this property. Mindset . they will have a self-imposed penalty.an action step or two that if they don't deliver these action steps. they make a committment . I myself am not an expert on the real estate techniques that they later on mastered. Imagine not doing what you say you're going to do. When you see people just like you making money in real estate. Every week." . For example.I keep my students accountable to themselves. October 14. Taking immediate action is important.not only do my mastermind group members get me as their mentor. you will start believing that you can do it too.you will get results..
If you only know that your mind is your greatest wealth creation asset.. but the path of the upright is a highway.you're lazy. What about you? Have you always talked about you're going to invest in real estate but you have not taken even one action step yet? Why? Mere talk only leads to poverty.... "But Trace! I work very hard and yet I am still broke. when you have a real estate deal that is beyond your reach . October 15.. At first my students felt uncomfortable with this but later on.. Good thing that is enough of a motivation for her because she finally put out bandit signs last week and guess what happened? She has 2 houses that she's buying as a result of those 20 bandit signs. one of my students from Detroit Michigan has always been strong in online marketing but her offline marketing is basically non-existent." Today's proverb says. I get my students to commit to at least one action step for the week and they keep themselves accountable by having a self-imposed penalty if they don't do their commitment.. And don't just be superficial about it. For example.. Last week she made a commitment to put out 20 bandit signs and hire someone to do it for her. You have to really think.because you can be mentally lazy. You've got to act.do you just say "Oh well.Proverbs 15:19 Are you struggling financially? Or in any area of your life? Chances are you're a sluggard. they found it very helpful. In fact.. For example.she procrastinates on it... Read Proverbs 15 "The way of the sluggard is blocked with thorns.. In my Mastermind group." .. she is yet to return the phone calls from the other sellers who called her because of her bandit signs.Secret.. 2010. Here's why: you can be working hard but you can be lazy. She always forgets about putting out bandit signs ..that deal is not for me. She said she's going to buy her husband an iPod Touch as a self-imposed penalty (she hates all these electronic gadgets that her husband is accumulating!) if she does not put out at least 20 bandit signs..and act NOW. You just assume ."? If so.you will use it more and you will start thinking more.you are.I will put my money with the Trillionaire.you're lazy. I am not lazy.
And stop being lazy.maybe even partner with them. Don't just let go of real estate deals simply because you're broke. You don't do the hard work of thinking how you can afford it. You have to think of several ways for you to afford the deal. Use your head. Use your mind. You have to ask other more experienced investors . .you cannot afford it. Start using it. The Trillionaire Wealth Advice of the Day is: your mind is your most valuable wealth creation machine.