Wednesday, November 29, 2006

I reckon getting rich is a simple process, just find a plan, repeat it over and over again and tah dah you're rich! It sounds bloody easy but you have to have a good plan to start with, apply it consistently, and be patient. Everyone can get wealthy over time with a good plan. What stuff's a lot of people up is getting impatient and feeling invincible. It's taken me 8 years to make a million dollars in equity and now I'm feeling a bit bullet proof and am starting to look at quick profits to boost my net worth. I think I have enough knowledge to do these things but that doesn't mean I don't do research. Sure I may have missed a few winners but I have also missed out on a few lemons and the ones I have backed are 90% assured because I have done the research.
But I am moving away from my plan, my comfort zone. Do you think that's a good idea, or should we always stay with what we know, the tried and tested, albeit, slow path to riches? Blog on and we can all benefit.

Tuesday, November 28, 2006

My last blog was about the rich getting richer and that maybe the poor can too. How do they do it? Maybe we should look at the poor in relative terms.
In most western societies the vast majority of the populations, are fed and clothed well, have a roof over their heads and can watch tv or listen to the radio. Most of the rest of the world's population have'nt got any of those things. So how poor are we?
I think that for most of us 'westerners' our poverty exists in our minds so the first thing we need to do to become richer is enrich our minds, and then we will be aware of the opportunities that surround us, opportunities that don't exist for the majority of the people of our home, Earth.
Perhaps I'm raving wadda ya think. Blog in and enrich my mind and others.

Monday, November 13, 2006

A thought just struck me today. Everyone talks about the rich getting richer and the poor getting poorer and when we compare the two groups perhaps this is right. But then I thought hang on my parents became richer over a period of 20 years and so did a lot of my friends and relations, as well as the rich.
So why is it that only the rich are thought to get richer when others who aren't quite so well off also get richer. I think its simply because the very rich own more assets which go up in value.
My friends and family have increased their wealth because they own a house which has increased in value and the mortgage has gone down. The rich have also increased their wealth because their house has gone up in value, but the difference is that they own a hundred houses, not just one, and their mortgages have gone down in relation to the debt.
To me if you wanna get richer increase your assets which appreciate over time and you too will move up the wealthy ladder.
What do you think? Is it possible for others to get rich using real estate? Blog in with your comments, thoughts or railings against the unfairness of it all.

Wednesday, November 01, 2006

Real Estate Real Info

With Bruce Taplin