Category: 5 M\'s Of Real Estate Investing

A Day Well Lived

06/14/2013

Every single day gives us a new morning. We’ve awakened to a day that is free from mistakes. It’s full of hours and hours of opportunity. Do we fill those hours with doing the same old thing that got us into the state that we’re in
today?
Or do we throw aside some of those old routines and choices and try to work for something a little better in our lives?
Today is a day where you can complete a project that’s been on your mind for a while.

Today is a day when you can learn something new. Today is a day when you can invest the time to build a stronger relationship with someone.
Today is a day when you can set up things to save you time and money later on.
Today is a day to master one real estate strategy and take action...Read More

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Spend On Something Worthwhile

06/06/2013

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As you know I enjoy studying the habits of financially successful people. This allows me to learn from their mistakes and introduce changes into my own life. I read an article about Carlos Slim Helu, one of the richest men in the world with an estimated net worth of $US67 billion. He lives in a modest house he has owned for 30 years and his bedroom is the size of a hotel room. We also know that Warren Buffett has lived in the same 5 bedroom house for 55 years.

These billionaires know one simple fact and live by it: every dollar you don’t spend on something foolish is a dollar you can instead spend on something worthwhile.

What’s something foolish? A food item at the store you don’t really need. A bigger house than you need, which drains property taxes and maintenance and utilities from your pocket. An entertainment item you don’t have time for. The list goes on and on...Read More

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Overwhelmed? Take Time For Perspective

05/30/2013

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It has been a very difficult and stressful week. I was sick for 3 and was unable to put any logical thought into my writing. There have been many, many times over the past several years when I have felt completely overwhelmed by my work as a human resources professional, managing the Thornhill Wealth Forum, writing my book, investing in family and reaching true financial independence.

My big dream is to reach true financial independence.

By that, I mean that I have enough money socked away in relatively stable investments so that the income from those investments provides me with enough for my family to live on regardless of whether I’m actually earning income.

Why is that my goal? It’s not so that I can sit idle. It’s so that I have the freedom to take giant personal risks, like spending several months doing nothing but perfecting a novel or spending a bunch of time laying the groundwork
for a charity or making a real difference to the lives of a few people without having to worry about failure...Read More

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Yes, My Wife And I Do Argue About Money

05/02/2013

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I love my wife dearly and respect and value her opinions. But, I really, really don’t like arguing with my wife. Sometimes, though, we disagree about money, investments and financial planning. We see things differently and bring different experiences and thought processes to the table. She is an accountant and works with numbers every day. I work with people and love to manage money. We might be married, but we are two different people...Read More

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5 M's of Real Estate Investing

12/08/2010

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Real estate investors have mastered 5 key skills that have made them successful.

Mining
Money
Maintenance
Marketing
Managing

Mining is finding really good deals. Deals that will guarantee an exceptional return on your investment of money and time.

Money means finding the funding to purchase your real estate investments. Unless you have an endless supply of money,
it will be necessary to develop the skill of finding an endless supply.

Maintenance, the easiest to master, is getting an investment property ready to market. Just find a good and honest maintenance contractor, train him or her to do what you want and how you want it and you are done.

Marketing is critical to the success of real estate investing. You must learn how to rent, sell or lease option the property quickly.
Learn quickly and move the property quickly. A real estate investment sitting unoccupied can and will put a dagger in your chances of success.

Managing renters is probably the most difficult skill to master. Not because it is the hardest to learn but because many investors just don't spend the time and effort necessary to learn how to manage their investment properties.

By learning and becoming really good at each of the 5 M's you will increase your chances of investing success one hundred fold.

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A Day Well Lived

Spend On Something Worthwhile

Overwhelmed? Take Time For Perspective

Yes, My Wife And I Do Argue About Money

5 M's of Real Estate Investing

Who is TWF?

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