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- Sep 14, 2007
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- 617
There are two men cutting wood Herald the Hard Worker and Stan the Strategist. Men being men they decide to have a race to see who can cut the most wood in an hour. They are both oxes of men. Broad shoulders and strong backs.
About 15 minutes goes by and Herald looks over at Stan. Their piles are the same height but Stan is now taking a break. Herald thinks to himself, "I`ve got Stan already! Just keep pushing!"
30 minutes goes by. Herald has been swinging that ax like the wind but he looks over and to his amazement Stan has caught up and the piles are still the same height. "wow" Herald thinks to himself, "I had better start working harder or Stan is going to win" and men being men that just wouldn`t be acceptable. But again, Stan is sitting on his ass. Herald thinks to himself, "I`ve got this lazy ******* now!" and starts swinging the ax with ferocity.
45 minutes goes by and Herald once again looks over to Stan. Stan`s pile of wood is a fair bit bigger than Herald`s this time and the dude isn`t even sweating. This frustrates and angers Herald. To make matters worse Stan is once again sitting on his ass. Herald curses but puts his head down and swings the ax like he has never swung it before.
Finally, the hour passes and low and behold Stan`s pile is quite a bit bigger! Herald the Hard Worker says to Stan the Strategist, "How in the heck did you beat me?! Every time I looked over you were taking a break. I was working harder. Heck I am drenched in sweat. I should have been able to beat you....."
"Herald," Stan replies, "I wasn`t just taking a break, I was sharpening my ax!"
Did you know that the cave man worked 20 hours a week to survive, provide shelter and feed his family?.....20 measly hours.
With today`s technology that is supposed to help us leverage more and more time I see more and more people working harder and longer. If this is you maybe you should be asking yourself some tough questions.
I work between 4 and 6 hours per day managing our real estate portfolio. We don`t have the huge empire of property that some people assume we do. (Don`t get me wrong we have more than most people
) But we do have property that makes money every month. Read this article by Julie Broad that talks about the dreaded real estate question "How many doors do you own?" With each property that we add to the portfolio we take back more and more of our time to do those things we truly enjoy. Don`t get me wrong, I love investment real estate but real estate is not my life. I want to spend my time enjoying my new son, walking by the river with my wife Tammy and our dog Tasha, climbing mountains with my friends and travelling the world taking in new cultural experiences.
Some people think I am lazy, some people think I am lucky (this is by far my most hated re-action), and some people get angry when I tell them I don`t want a 9 to 5 job. Why would I want to spend my time chasing money and starving for the next deal?
Structure your life and investments so that they provide you freedom. I am consistently amazed by people who buy property just to say they own some real estate. It sounds sexy doesn`t it.....admit it....you would love to say to your friends "I own 100 properties!" But what if those properties cost you $100/property each month? Now the reality sinks in. This is why we only buy income generating cash flow positive property. NO EXCEPTIONS!
So when you are buying your next investment property ask yourself some very hard questions if it isn`t making money every single month. Why am I digging a bigger hole? Ego? Image? Friends and Family? Membership Status?
If you are buying cash flow positive property as we are and taking back you time to do those things you only dreamed of.....Congratulations
I will leave you with one final quote that I like and hopefully resonates with you: The rich have money but the wealthy have time!
About 15 minutes goes by and Herald looks over at Stan. Their piles are the same height but Stan is now taking a break. Herald thinks to himself, "I`ve got Stan already! Just keep pushing!"
30 minutes goes by. Herald has been swinging that ax like the wind but he looks over and to his amazement Stan has caught up and the piles are still the same height. "wow" Herald thinks to himself, "I had better start working harder or Stan is going to win" and men being men that just wouldn`t be acceptable. But again, Stan is sitting on his ass. Herald thinks to himself, "I`ve got this lazy ******* now!" and starts swinging the ax with ferocity.
45 minutes goes by and Herald once again looks over to Stan. Stan`s pile of wood is a fair bit bigger than Herald`s this time and the dude isn`t even sweating. This frustrates and angers Herald. To make matters worse Stan is once again sitting on his ass. Herald curses but puts his head down and swings the ax like he has never swung it before.
Finally, the hour passes and low and behold Stan`s pile is quite a bit bigger! Herald the Hard Worker says to Stan the Strategist, "How in the heck did you beat me?! Every time I looked over you were taking a break. I was working harder. Heck I am drenched in sweat. I should have been able to beat you....."
"Herald," Stan replies, "I wasn`t just taking a break, I was sharpening my ax!"
Did you know that the cave man worked 20 hours a week to survive, provide shelter and feed his family?.....20 measly hours.
With today`s technology that is supposed to help us leverage more and more time I see more and more people working harder and longer. If this is you maybe you should be asking yourself some tough questions.
I work between 4 and 6 hours per day managing our real estate portfolio. We don`t have the huge empire of property that some people assume we do. (Don`t get me wrong we have more than most people
Some people think I am lazy, some people think I am lucky (this is by far my most hated re-action), and some people get angry when I tell them I don`t want a 9 to 5 job. Why would I want to spend my time chasing money and starving for the next deal?
Structure your life and investments so that they provide you freedom. I am consistently amazed by people who buy property just to say they own some real estate. It sounds sexy doesn`t it.....admit it....you would love to say to your friends "I own 100 properties!" But what if those properties cost you $100/property each month? Now the reality sinks in. This is why we only buy income generating cash flow positive property. NO EXCEPTIONS!
So when you are buying your next investment property ask yourself some very hard questions if it isn`t making money every single month. Why am I digging a bigger hole? Ego? Image? Friends and Family? Membership Status?
If you are buying cash flow positive property as we are and taking back you time to do those things you only dreamed of.....Congratulations
I will leave you with one final quote that I like and hopefully resonates with you: The rich have money but the wealthy have time!
