The majority of my previous two posts have focused on home loans and how the game isn't in our favor while most of the population is tuned out. Guess what? It's the same in the commercial arena and no one notices it there either.
Read MoreWhen I was forty years-old, a friend asked if I wanted to invest in a commercial real estate deal. He was assembling a partnership to purchase a small retail building. At the time, I was a property manager, and my friend was a broker.
Investing in commercial real estate had been a goal, but my finances were a mess. Unfortunately, I had to wait. I couldn’t admit my poor financial situation, so I simply asked my friend to think about me for the next deal.
That embarrassing moment ignited a desire to be in a real estate deal. But to achieve that dream, there was one thing I needed to do—grow up.
Read MoreI was recently talking with a colleague who said he was close to retiring. Gil (not his real name) is in his early fifties and slightly quirky. He’s the type of guy who marches to the beat of his own drummer. Although he works for a large, corporate-think company, he sports a long beard and tattoos. He’ll freely talk about politics and other matters that most folks would shy away from. With his wife, he lives in the country – far away from the hustle and bustle of society.
Read MoreA friend of mine, Andrew (not his real name), is married with two kids. A few years ago, his life was like many Americans – he carried consumer debt, had no savings, and was stressed out. Life was not turning out the way he’d hoped. Then he realized he was responsible for the mess he was in and set about to change things.
Read MoreI read the most astounding paragraph in the June 19th, 2018 edition of USA Today. In Wealth of Millionaires Surges 10.6% to top $70 Trillion for the First Time, David Carrig was reporting on the World Wealth Report 2018 recently released from global consulting firm Capgemini. It was the third paragraph of the article that really caught my attention,
Read MoreWe spend our lives with risk.
There is everyday risk like driving to and from work, school, or some event with our spouse. At any moment, we put ourselves on the road with other people who may or may not be in full control of themselves whether it be from alcohol, lack of sleep, or relationship induced stress. Some of these people are just plain morons who should not be allowed to drive - but they're given a license anyway and we willingly chose to get on the road with them.
Read MoreBecoming wealthy is not something that happens overnight. Sure, some people win the lottery or have a windfall of money from an unexpected inheritance, but you should not be holding your breath for something like that to happen to you.
Read MoreI’d arrived in Vegas the morning before after attending Rock on the Range, a three-day rock festival in Columbus, Ohio. I was now in Sin City for the annual ICSC real estate convention that’s connected to my livelihood.
Read MoreI’m afforded a position where I work daily with a wealthy clientele. Most of this group came to their affluence through hard work and creativity. In other words, it wasn’t generational, gifted upon them by a relative after their passing. These men and women had to get up every morning to earn their piece of the pie. The majority of them are baby boomers and Gen Xers. However, some of my clients are now millennials who have out-hustled others and created their wealth early in life. I consider myself lucky to work with these clients because I’m able to learn by their example.
Read MoreI want a dog.
Until recently I’ve had a dog, even a couple dogs at a time. I’ve had them since I was a little boy. They’ve been there to catch tennis balls and run through various neighborhoods. Dogs have listened to my stories of success as well as tales of woe. Moments of crazy happiness have been had with them as well as calm reflection.
Read MoreUSA Today and The New York Times (among many others) have published articles about the Baby Boomer generation starting to pass down treasured heirlooms to their GenX and Millennial children. Unfortunately, those trinkets and other items are being looked upon with some disdain.
Read MoreAmong the discussions of Legos, parkour and throwing the football, I do my best to slip in discussions with our 10-year-old about ‘needs and wants’.
Read More“Life is too short to drink cheap beer.” That was my mantra for a lot of years. I’d proudly say that while ordering one of the latest craft beers that my favorite joints would have on tap. Each time I’d visit I’d peruse the beer menu and take my time selecting.
Read MoreI read an article recently wherein the writer stated that all debt is bad. I paused on his stance and reflected for a bit. It seemed extremely militant. I’m not saying the author can’t take that position, it’s just that I don’t agree with him.
Read MoreAt the end of my last post, I asked the question:
If so much less interest is paid on a 15-year term versus a 30-year, why would the banks ever encourage you to take out that loan?
Read MoreWe’ve currently experienced the longest run of low interest rates in history. It’s got many smart folks saying dumb things. A college educated friend of mine says the current rates equate to “cheap money.”
Read MoreI’ve gotten a good handle on my personal debt. For years after I climbed out of my debt hole, I didn’t use a credit card at all. I really didn’t want one, again. I no longer liked them.
Read MoreWhen I tell folks that I quit playing golf, there’s often a look of confusion followed by an exasperated, “Why?” It’s not like I’m walking around, declaring, “I quit golfing. Hear ye, hear ye, I’ve quit the game of golf.” I’ve been quiet about so it’s taken some time for most of my friends and clients to discover that I’ve tossed this game to the proverbial curb.
Read MoreA client once asked if I would meet with his friend and talk about commercial real estate brokerage. The friend was interested in changing careers and wanted to speak with someone in the business. He wanted to learn the differences between residential and commercial brokerage.
Read MoreIf companies are spending billions of dollars to help their employees get healthy, why aren’t they spending a dime to help them understand how to get wealthy?
Read MoreA blog focusing on growing wealth through commercial real estate investing and developing along with aggressive savings and personal responsibility.
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