at one time the richest man in the world, is the richest,
most successful and high profile Investor living on
the planet. So there's no better way to build your
investment rulebook and blueprint that stands the
test of time and virtually guarantees wealth (provided
you stick to them of course).
added our notes and improvements specifically for
Now Imagine how your life could be so positively different
in a few short years or less. One word of warning
before you read on – MOST people DO NOT adhere
to most, if any of these results, and that's the sole
reason they fail.
How are YOU going to be different?
Only when the tide goes out do you discover who’s
been swimming naked.
It takes time for a Property Investment to give
you the reality of actual return. 2 Years management
accounts at least. So don't kid yourself or be overly
optimistic on your return until you have proof,
and question the returns quoted by finders fee sourcers:
what is the actual NET yield/income?
Derivates are financial weapons of mass destruction.
Invest in stable, long term assets instead: Property
If past history was all there was to the game, the
richest people would be librarians.
Your correct strategy, continual development, hard
and effective work and unshakeable mindset are most
Rule No 1: Never lose money. Rule No 2: Never forget
rule no 1.
Protect your downside. Have a cash contingency.
Price is what you pay, value is what you get.
Discounts are not the only relevant metric in buying
Property. Tenant demand, location, quality of agents
and yield/income must be factored in.
We simply attempt to be fearful when others are greedy
and to be greedy only when others are fearful.
"Observe the masses, do the opposite"
-Walt Disney. Especially relevant for you in a recession
or property downturn – like when is now a
good time to take action…
It takes 20 years to build a reputation and five minutes
to ruin it. If you think about that, you’ll
do things differently.
Protect your brand. Know your values and stay congruent
to them. Look after your tenants, agents and vendors
like they're your family
Risk comes from not knowing what you are doing.
You must continually and never-endingly [a word?!
-Progressive dictionary!] invest in your education
and training. Knowledge plus action equals power
Someone’s sitting in the shade today because
someone planted a tree a long time ago.
Always and only ever invest for the long term. To
reap, you must first sow. Instant get rich quick
is the biggest fallacy in wealth creation
When a management with a reputation for brilliance
tackles a business with a reputation for bad economics,
it is the reputation of the business that remains
No matter how good you are, if you buy a lemon it
will always be a lemon. Focus on finding the good
deals – refer to point 5
I buy expensive suits. They just look cheap on me.
Get to the gym! And invest in quality training