I recently went to a 3 day real estate investment seminar through Trump University. My husband was skeptical because he already had a few investment deals under his belt. I told him right now is a great market and I want to know more about the investing.
You would think because I am real estate broker I should know this information. He did too. Why would I choose to go to a real estate seminar when I am in the business. You see in real estate school we learn how to pass our exam. In the real estate business we learn how to fill out contracts. We don't learn how to prospect and find our customers, sellers and buyers, nor do we learn the art of networking. We also don't learn how to engage our customers and get them to come to terms on deals.
I wasn't attending the seminar to become a better realtor. I wanted to go because I wanted to become a smarter investor. I was also curious to find out what Donald Trump was teaching, or at least promoting through his hand selected University Coaches. What I discovered was amazing!
I sat in the informational seminar and listened to this man who had become a self proclaimed millionaire and through his successes had become alligned with one of the most successful real estate moguls of our time, Donald Trump. He wasn't a polished person. In fact, he was the opposite. He spoke right to you. I swear he stared me right in the eyes and said, "You are stupid to not take advantage of this market." He came from nothing and built a huge business investing. Therefore, excuses of why we couldn't do what he did would not be tolerated.
I stood up and walked to the corner of the room and called my husband and told him we had to take this 3 day course. Of course his statement before I came to this informational meeting was that we weren't going to buy anything. Here I was calling my husband and telling him we had to find a way. My husband asked what is it that they were going to teach. I told him I didn't know and didn't care because I wanted to learn from this guy! I think this is exactly what I said.
So there we were at the 3 day seminar that cost us $1500, a bit skeptical and wondering if we were going to get our money's worth. Our children were committed to our in-laws for the entire weekend. And our dog, was kenneled. All I knew at this time is that I wanted to find a different way of doing business, and I wanted to find a way out of this recession and take control of our financial future. I also knew I wanted to learn from successful people. Who best to learn from, than a person hand selected by Donald Trump, and a person who tolerated no excuses.
During the first half of the day, I know my husband was thinking, "What am I going to learn that I don't already know." But by the second part of the first day he was settled in his chair wanting more. But then his face became tight and almost angry. He returned the next day with me and he looked like a man who was completely distressed as he sat there proficiently taking notes on every word. I asked him what that was all about?
You see, with all that we knew about the real estate market and about the need to diversify, we weren't doing things the right way because we did not have the mentors and people to guide us in this business. We learned that the timing for investing was now, and that this window would not last forever. It became very clear to my husband that if we did not take action now, his parents would suffer because they had no retirement strategy. His parents would be working until he basically could no longer...if we did not figure out a plan to change this.
We also learned a very important technique that they shared that I did not know and many people in my industry do not know...no money down investment opportunities. I thought it took money to make money. Suddenly, many of my colleagues wanted to know what I was doing and how they could get in on it.
There are so many ways to develop residual income, some that require a lot of money, but others that require very little to no money. It's become very clear to me during this recession that we have to develop as many legs of residual income as possible. No one teaches you to prepare for these times. We go to school and learn how to pick a career that fits into the mold of society. However the wealthiest people did not become wealthy because they selected any of those specific professional boxes...This is what is becoming very clear to me, unfortunately the reality struck me during this heavy time.
Nevertheless, I am making a conscious decision to opt out of this recession and not to lay down. If you open your mind, take a leap of faith and surround yourself with more successful people, it's amazing how success finds you!
You see the only difference between people who succeed in life and people who don't is success happens to people who put what they learn to action.
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