Real Estate Investing Success Series: Part II – Formula For Success
"What's it like to be so damn rich?"
by Marko Rubel
I am a real estate investor, and at any time I may own 50 or so single family homes that I rent out or have on lease purchase. Sometimes people stop at my office to drop off rent checks or deposits. The other day I was at my office and guy came in. He was a blue collar guy and it looked like he had come from a hard days work. "Who gets the rent checks here?" he asked.
No one else was in the offices at that time, so I went over to him and said, "I can take that." Now I usually am not the person who handles this, so it took a few minutes for me do the paperwork and give him a receipt. As I handed it to him he said, with a half smile on his face, "What's it like to be so damn rich?"
I didn't say anything, I just thanked him and he left. Later, as I sat in my office, I started to think about his question. And I came up with an answer:
It feels pretty damn good!
As I thought about it more, I think that the question he meant to ask was, "What have you done to JUSTIFY earning more in a month than I make in two years?" And that deserves an answer too.
The answer to that question is much more complicated. It has a lot to do with 'common wisdom', our education system, our upbringing that we receive while we are growing up. So much bad advice is given in our formative years that it can take an equal amount of time to cleanse our minds of all the junk that was put into our heads.
Now none of this is done with bad intentions. Our teachers, relatives and friends always mean well, and are just repeating what they heard as they were growing up. Ask yourself if you ever heard any of this "advice" as you were growing up:
"Go to school and then get a good job"
"Don't get too big for your britches"
"It's not what you know but who you know"
"If you go to college you can get a better job"
"All rich people got that way by unethical means"
"If you get a job, try and stay there for your whole career"
You probably heard some if not all of this. The problem with all of this is that you NEVER hear, "Grow up and start a business and give some other guy a good job!"
Entrepreneurs are looked upon as crazy people. Who in their right mind risks failure, has to worry about meeting payroll, and wants all the trouble with the IRS, investors, etc.
Bill Gates, for one. Warren Buffet, the guy who founded Federal Express, the guy who started Kinkos, the guy who started Google, the folks that started Qualcom, (the largest manufacturer of cell phones) and any other of the thousands of people who got wealthy by starting a small business.
You see, there is really no way to get wealthy in America working for someone else. Oh, sure, there are CEOs of big corporations that get very wealthy. But many of those people did not get very wealthy from their salaries, they got wealthy from stock options and other compensation they receive as heads of big companies.
But for the average American the road to riches is in owning your own business.
Unfortunately there is no school that teaches you to be an entrepreneur. You can not get a degree in entrepreneurship from any college or university. You can get a degree in business, but that is geared at getting you a good job in somebody else's company.
So the answer to his unspoken question about what I did to justify making a lot of money is this:
I had a burning desire to succeed.
I invested in my education in specific courses and seminars to learn what I needed to know.
I formulated a plan, and stuck to it.
I didn't become discouraged by setbacks and detours that happened along the way.
This is a formula for success that can be followed by anyone. Even the guy who asked me the question.
For FREE information on how Real Estate Investing can change your life, go to
http://www.PrettyHouseBiz.com
Marko Rubel publishes the "Wealth Minute", a free-video newsletter that teaches you the real estate techniques Marko Rubel used to achieve tremendous wealth investing in real estate using no money down techniques!
