“Of the thousands of business people I have had the opportunity to know and work with over the past two decades, few were real entrepreneurs … If the entrepreneur survived at all, it was only as a myth that grew out of a misunderstanding about who goes into business and why … That myth, that [Continue Reading]
Why Most Small Businesses Fail
Why Single Family Houses Are Your Best Investments
“After 32 years of investing, I still buy houses instead of apartments or shopping centers. Why? [Single Family] Houses make me more money with less work than any other investment. John Schaub, Building Wealth One House at a Time John Schaub (JohnSchaub.com) is one of my favorite real estate teachers. When asked, I recommend [Continue Reading]
Practical First, Big Picture Second – Why Goals Aren’t Enough
I have discovered over the years the practical value of working on personal productivity improvement from the bottom up, starting with the most mundane, ground-floor level of current activity and commitments.” Getting Things Done, David Allen David Allen is probably my favorite teacher of personal productivity. My copy of his book, Getting Things Done is [Continue Reading]
How to Build a “Moat” Around Your Real Estate (Video)
One of my business heroes is Warren Buffett. He’s probably the greatest investor of all time, so I listen when he teaches. Last week I watched a video of a talk he gave to a group of students, and I was reminded of one of the most important qualities he looks for in any of [Continue Reading]
Why I Keep My Business Small and Simple
In January of 2008 my business partner and I faced a significant fork in the road. Path #1: Stay small, grow slowly, and keep it simple. Path #2: Get bigger, grow faster, and become more complicated. Almost 5 years later, I’m very happy to say we chose path #1: a small and simple business, or [Continue Reading]
Getting Started – My Sprint Up the Real Estate Investing Mountain
When I was first getting started in real estate investing, I studied a few different successful investors whose business models really intrigued me. These investors were buying, fixing up, and selling 50 houses per year! The investors were also averaging $20,000 profit per house. I could do that math: 50 x $20,000 = $1 million per [Continue Reading]
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