| “Success is what happens when you give yourself no other choice” James Dicks Magazine It’s Spring! Contents:
Greetings from RobertaBalancing your Tires is Critical … How about Balancing your Life?? “Something was definitely wrong with my car.” It wobbled, shook and vibrated. I could hardly keep in on the right side of the road as I traveled down the two lane road leading out of the Mountains for a shopping day in the City. The faster I went, the worse the situation grew. You guessed it, the tires were out of balance – not an unusual situation considering the narrow winding roads (that are great fun on our motorcycle, but treacherous on our tires at $125.00 a pop.) Anyway, I began thinking how similar this situation closely resembles how most of us run our life – totally out of balance and wonder why life is wobbling, bumping, at times almost impossible to control. Sometimes we don’t even recognize it until we end up in the ditch. Balancing our life between businesses, marriage, personal health, family, community and church activities and at the same time, taking time for pleasure and fun seems just way too much to manage. I am painfully aware that one of the most difficult tasks facing independent business entrepreneurs in their quest for financial independence is organizing a plan to balance life and keeping it all together. That is why I emphasis so often in the workshops and seminars to prioritize your time. One internet article (author unknown) indicated that people who enjoy long term success in all areas of their life have instigated a balanced program for their life. It is important to feed your own spirit, mind and body and then time – quality time, for family, and include friends and community as well as leisure time and fun time. Ask yourself, what is most important to me? I often overhear Tom saying “he has never seen a U-Haul behind a hearse” – which brings into perspective our overemphasis on the importance of material things. Here are a few tips others suggest to keep yourself “on balance”. Write things down and schedule all your priorities. Consider writing goals daily, weekly and monthly. Set personal rules with respect to the number of nights your plan to work or overtime hours you currently do or plan to do. Create a “Sacred time” for yourself to do whatever you enjoy. When people call for an appointment, tell them you “have a prior commitment”. Yes, with yourself! Here’s a great rule: Create pockets of time for family, that cannot be compromised. We used to call it “family night”. All our married life (55 years this October) we set aside a “date night”. Then when our four sons left home, we didn’t look at each and say: “Who are you? Or, I don’t even know you. Or worse yet, I don’t know you and I don’t like you, either” Yikes!! In Summary: I am painfully aware that one of the most difficult tasks facing independent business entrepreneurs in their quest for financial independence is organizing a plan to balance life and keeping it all together. That is why I emphasis so often in the workshops and seminars to prioritize your time. One internet article (author unknown) indicated that people who enjoy long term success in all areas of their life have instigated a balanced program for their life. It is important to feed your own spirit, mind and body and then time – quality time, for family, and include friends and community as well as leisure time and fun time. Ask yourself, what is most important to me? I often overhear Tom saying “he has never seen a U-Haul behind a hearse” – which brings into perspective our overemphasis on the importance of material things. Here are a few tips others suggest to keep yourself “on balance”. Write things down and schedule all your priorities. Consider writing goals daily, weekly and monthly. Set personal rules with respect to the number of nights your plan to work or overtime hours you currently do or plan to do. Create a “Sacred time” for yourself to do whatever you enjoy. When people call for an appointment, tell them you “have a prior commitment”. Yes, with yourself! Here’s a great rule: Create pockets of time for family, that cannot be compromised. We used to call it “family night”. All our married life (55 years this October) we set aside a “date night”. Then when our four sons left home, we didn’t look at each and say: “Who are you? Or, I don’t even know you. Or worse yet, I don’t know you and I don’t like you, either” Yikes!! In Summary: Get in Balance and Keep in Balance. Maintain your body as you would your car. It needs nutrition and exercise. Include Spiritual and Personal Growth; Do not neglect Family and Friends; Take time for Fun and Pleasure and of course for your Professional Life and Finance. Even with a good plan for balance in your life, there still will be times life will begin to wobble, vibrate and shake. It happens to the best of us. No one is perfect. Cut yourself some slack, and then get busy to get back on track. If you are a professional or entrepreneur with emphasis in real estate, notes or finance and have set aside priority time to improve your ability, increase your income and move your business to the next level, I recommend you considerthe “Rainmaker Series” sponsored by MCK Investments that we chose to promote in this Newsletter. By setting aside just two days, you will be introduced to many of the rock solid, practical, power packed methodologies that it took Tom and I years to recognize, perfect and implement. Looks like you will get this know-how jam packed into just two days. I suggest when you sign up – fasten your seatbelt and get ready for the time of your life. “My Favorite Uncle?” by David P. Butler.Those sellers, and their agents – who understand and utilize Seller-carryback financing… will make more sales! True… for the past ten years, open marketing financing and the rise of the subprime lending industry, made it unnecessary to utilize seller-financing as much as had been done over the previous 60 years, at least in the SFR marketplace. But as the housing market has drastically slowed over the past year – even in the face of relatively stable lower interest rates – a majority of listings expire, UNSOLD. In the meantime, Seller-carryback financing has continued to be applied to all types of real estate besides home/condo sales: including manufactured homes on lots or land; small or large apartment buildings, office buildings, commercial, industrial, motels, warehouse properties; special purpose properties such as theaters, hospitals, senior care facilities; and raw land, farms, or ranches. For real estate investors in particular, seller-financing has continued to be a primary tool in achieving their investment objectives. This is true whether they are buying OR selling their investment properties. There are very compelling reasons for that. Slammin’ Sam! Many sellers mistakenly think they need to pull all of the equity out of the sale of their property. Uncle Sam doesn’t seem to think that’s such a good idea… especially for real estate investors. Otherwise, he wouldn’t pound us so hard with those tax hits when we sell for cash out – or reward us for structuring our real estate sales in certain other ways. The most widely recognized may be U.S. Tax Code Sec. 1031 tax-deferred exchange, which is the bailiwick of perhaps the most educated and creative people in the real estate profession – professional Exchangors. But the U.S. Tax Code … To finish this article Click Here |
