Last night I again attended a local real estate (and business) investor meeting. One of the best choices I've made in the past year has been to seek out and attend such a group.
The costs are low, it's a very minimal time commitment (one night a month) but the learning experience has been nothing short of amazing, as you get to sit in a room of business owners, most of whom are quite wealthy and hear them talk about what works for them, what does not, and their goals plans.
What's absolutely mind blowing to me, as would be to you is that at the meetings I attend, I am the youngest individual there at 29.
The next youngest person is I believe 33, then the next youngest in their 40s, the next youngest in their 50s, then the rest of the individuals (Several dozen) are in their 60s and 70s.
Some of these people own literally hundreds of pieces of real estate along with dozens of businesses. The one thing in common I find is that most want to downsize or get out of business due to their age. It isn't due to the lack of profit of the business, in one case a guy told me how hard it is "To part with all the money trees I've planted over the past 30 years" but still, he's asked me more than once how many of his properties and businesses I would like to buy.
The thing is, for these kinds of businesses, and real estate, there just isn't significant demand. I posted another thread about how I bought a duplex for $9,000. For many it would seem impossible to buy an asset for under $10,000 that would produce roughly $700 per month in passive income, and I admit this is a rare chance, but finding great sources of income isn't really all that difficult.
You do have to have two things - The desire to participate in business, especially areas where the majority of people think it's 'too much work', and to be in a position where you're able to seize the opportunity to buy.
It's not easy, but you're not on a forum like this because it's easy. You're here because you're willing (hopefully) to do whatever it takes to get out of the rat race and stop participating in the pack mentality of minimal performance.
So, I encourage you, work harder, work smarter, and get to the place you can be the recipient of someone else's generational wealth. Their kids likely do not have the capacity to handle it, and if they attempt most will go broke because they haven't invested into the mindset of ownership.
The costs are low, it's a very minimal time commitment (one night a month) but the learning experience has been nothing short of amazing, as you get to sit in a room of business owners, most of whom are quite wealthy and hear them talk about what works for them, what does not, and their goals plans.
What's absolutely mind blowing to me, as would be to you is that at the meetings I attend, I am the youngest individual there at 29.
The next youngest person is I believe 33, then the next youngest in their 40s, the next youngest in their 50s, then the rest of the individuals (Several dozen) are in their 60s and 70s.
Some of these people own literally hundreds of pieces of real estate along with dozens of businesses. The one thing in common I find is that most want to downsize or get out of business due to their age. It isn't due to the lack of profit of the business, in one case a guy told me how hard it is "To part with all the money trees I've planted over the past 30 years" but still, he's asked me more than once how many of his properties and businesses I would like to buy.
The thing is, for these kinds of businesses, and real estate, there just isn't significant demand. I posted another thread about how I bought a duplex for $9,000. For many it would seem impossible to buy an asset for under $10,000 that would produce roughly $700 per month in passive income, and I admit this is a rare chance, but finding great sources of income isn't really all that difficult.
You do have to have two things - The desire to participate in business, especially areas where the majority of people think it's 'too much work', and to be in a position where you're able to seize the opportunity to buy.
It's not easy, but you're not on a forum like this because it's easy. You're here because you're willing (hopefully) to do whatever it takes to get out of the rat race and stop participating in the pack mentality of minimal performance.
So, I encourage you, work harder, work smarter, and get to the place you can be the recipient of someone else's generational wealth. Their kids likely do not have the capacity to handle it, and if they attempt most will go broke because they haven't invested into the mindset of ownership.
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