A friend sent this email and I thought it might help someone else to act now !!
Last night at about 11:20 pm EST I picked up a book that I
originally read 8 months ago and started re-reading it.When I turned to page 52, a paragraph JUMPED out at me and I
wanted to share it with you because it could help you as well.Personally, I love reading business biographies because they
help you SEE the journey of an entrepreneur and they EXPANDYOUR VISION on what’s possible.
This book I was reading was written by a billionaire and he
echoes exactly what I’ve been talking about.Michael Bloomberg is not only the Mayor
of New York City right now, but he’s an
incredible entrepreneur and a BILLIONAIRE.From page 52 (paperback) in his book ‘Bloomberg By
Bloomberg’:‘We made mistakes, of course. Most of them were omissions we
didn’t think of when we initially wrote the software. We
fixed them by doing it over And over, again and again.
We do the same today. While our competitors are still
sucking their thumbs trying to make the design perfect, we’re
already on prototype version No. 5.By the time our rivals are ready with wires and screws, we are
on version No. 10. It gets back to planning versus acting.
We act from day one; others plan how to plan – for months.’This is EXACTLY what I’ve been telling you is a HUGE key to
your success.What Billionaire Michael Bloomberg is talking about is the
success principle:***YOU don’t have to get it right, YOU just have to get it
going. (read it again)For 7 years I was a mess.
I had to make sure everything was ‘perfect’.
I was a pay check away from not paying my rent.
Then everything changed and, at 31 years old, I’m now
financial.ly fr.ee.Why?
Because I live this success principle and YOU must as well.
***YOU don’t have to get it right, YOU just have to get it
going.You should say this to yourself:
I don’t have to get it right, I just have to get it going.’
Michael Bloomberg has become a billionaire and the cornerstone
of his success is this powerful principle.JUMP up and take the NEXT step in your success journey.
It’s time to make YOUR move.”
Wild One,
I like it!
Momentum…..Just Do It!
So true in every day life situations.
You want something done then give it to a busy person.
hrm
True, to many people think micro and get tooo tied up doing that to think Macro and get o with things, we all need to step back a little and look at the big picture every now and then.. Then again some people always think Macro and loose attention to detail.. So I gues it’s that close to perfect balance we all seek in our lives!
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auThe Wild one,
I like it too. And it is so true we plan things for too long instead of just jumping and doing it, that is how you really learn “by doing it”.
Cheers.hi all
I’m one for moving as well just make sure you move in the right direction and if its slightly wrong adjust your plans.
I always get “don’t you think you are biting off more then you can chew” ( accountants and solicitors) but the only answer is.
I think I’m right and I’m the one employing you.
If I get it wrong the tables may change.
one day the rooster, the next the feather duster,
I like being the roster.
For whats it worth I’m not one for reading books but the Harold Trump book written by george his right hand man is an excellent read and is very good for negotiating ( he teachs negotiating at new york state uni)here to help
can someone tell me what fre.e means I see that alot, why not just free?
We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
[email protected]
phone 0412 437 582fr.ee or fre.e probably means something different here but in emails it is used so Spam filters don’t block it.
Originally posted by Dr.X:can someone tell me what fre.e means I see that alot, why not just free?
It’s an acronym, the . between the e’s is for emphasis. Anyway, it’s read “famulus recondo eminor’ essum”… oh yes and it’s latin. The rough translation is something like ‘servant’s hoard supplies in preparation of their threat. Then lay waste.’
Glad to clear that up for you.
Cheers, F.[cowboy2]WildOne,
Whilst I see where you’re coming from, I also think one is better off taking a little time and learning all one can about, for example, real estate, before jumping in and making too many mistakes. So, let’s look at it this way… your averasge person may be better off buying two properties over two years- but purchasing really well, than buying ten properties over two years, and then losing money because they rushed in.
I know the above anecdote is all about motivating- as in, the one you quoted… but there is also a different side to things. The “just do it” “act now” “sign here” “write your deposit” mentality might be good for some, but how many people act before they think?
As for me, I would prefer to think before I act, ensure I have the knowledge that what I am doing will have some reward, and undertake due diligence. Shortcuts and haste might work for some, but remember the old syaing, “fools rush in…” Remember all those first home buyers who bought a place in the RE boom- who needed to “GET IN NOW- BEFORE IT’S TOO LATE!!” I wonder how many of them now wish they have have waited a while, now what prices have bottomed.
I absolutely believe in making mistakes and learning from them- we all make mistakes. But real estate is about lots of money. To me, if you take time, you don’t waste money- my motto for the day
kay henry
Depends where you bought.
In some places prices have not bottomed, and are still climbing.Its all relative….
In fact you can still get in and profit in the current market.
I guess it comes down to knowing your own market, and then, having the courage to act.
Persistence and action…..no substitute for it.kp
Yes Kay I agree with you.
“YOU don’t have to get it right, YOU just have to get it going”
These words are not mine, they were e-mailed to me from a friend. While I feel that these words can and should be applied to most of lifes challenges. Property investing however involes a lot of money and a lot of us have made all sorts of sacrafices to get to the point where we can start to invest.
It is because of this that people just starting out must first educate them selves and seek professional advice. But this need not take years to achieve. Three to six months of solid study should be enough to get going.
I’d like to share with you a story about a close family member of mine.
This gentleman who lives on his own has been saying for the last ten years that ” I’m going to travel back to ireland and visit all the places where I grew up and I might even visit New York as well”. I love this man, but I’m getting tired of him saying this. I’ve said to him a couple of times that he should just book a ticket and go and sort out your plans when you get there, if you don’t like it catch the next flight back. I say this because I know that if he went back to visit Ireland, we probably wouldn’t see him for months and no dought he would be the happiest he has been for some time.Thinking like this will only get you ahead!!!!!
Oh yeah Yasmina, have you bought yet, you seemed keen when last we emailed.
DD
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!Hi DD,
Yes i have bought just recently and settlement was suppose to be on last monday but it’s happening on 12 of Sep. next monday. Just waiting for all of this to finish first. Bought here on the Gold Coast. I’ll stay in touch.
Hi All,
Must say that I agree with the “vibe”of ths post.
I mean you have to do your DD of course but once you are grounded and have a plan what is the point getting bogged down in the details.
Get out there and do some deals.
Learn through doing.
Cheers
[email protected]
NZ Investors & Property Spotters
Renovations & Project ManagementDon Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
Originally posted by The Wild One:A friend sent this email and I thought it might help someone else to act now !!
Last night at about 11:20 pm EST I picked up a book that I
originally read 8 months ago and started re-reading it.When I turned to page 52, a paragraph JUMPED out at me and I
wanted to share it with you because it could help you as well.Personally, I love reading business biographies because they
help you SEE the journey of an entrepreneur and they EXPANDYOUR VISION on what’s possible.
This book I was reading was written by a billionaire and he
echoes exactly what I’ve been talking about.Michael Bloomberg is not only the Mayor
of New York City right now, but he’s an
incredible entrepreneur and a BILLIONAIRE.From page 52 (paperback) in his book ‘Bloomberg By
Bloomberg’:‘We made mistakes, of course. Most of them were omissions we
didn’t think of when we initially wrote the software. We
fixed them by doing it over And over, again and again.
We do the same today. While our competitors are still
sucking their thumbs trying to make the design perfect, we’re
already on prototype version No. 5.By the time our rivals are ready with wires and screws, we are
on version No. 10. It gets back to planning versus acting.
We act from day one; others plan how to plan – for months.’This is EXACTLY what I’ve been telling you is a HUGE key to
your success.What Billionaire Michael Bloomberg is talking about is the
success principle:***YOU don’t have to get it right, YOU just have to get it
going. (read it again)For 7 years I was a mess.
I had to make sure everything was ‘perfect’.
I was a pay check away from not paying my rent.
Then everything changed and, at 31 years old, I’m now
financial.ly fr.ee.Why?
Because I live this success principle and YOU must as well.
***YOU don’t have to get it right, YOU just have to get it
going.You should say this to yourself:
I don’t have to get it right, I just have to get it going.’
Michael Bloomberg has become a billionaire and the cornerstone
of his success is this powerful principle.JUMP up and take the NEXT step in your success journey.
It’s time to make YOUR move.”
Nice going “Wild one”….
… Get in there and get amongst it! It’s like surfing. Its the most physically inefficient sport in the world and 99 times out of 100 you’ll try something new and get worked for it. But on the 100th time…
…Man, NOTHING comes close. This is why EVERY surfer would rather be in the water then with their partner IN BED!
Cowabunga to Property investing I say!!!
Audiocorgan
Originally posted by The Wild OneFor 7 years I was a mess.I had to make sure everything was ‘perfect’.
I was a pay check away from not paying my rent.
What a crock of <edited>e-you were so ‘perfect’ that you were so broke that you were living from paycheck to paycheck[hmm]
And then you give the rediculous advice to ‘just do it’….well I tell you what-ALOT of people are gunna be feeling ALOT of pain from just jumping in and buying property in a get rich hope.
The reality is that the property boom is OVER.It goes in cycles and we are on the downward slope of the peak, guess what people-you are to late!!!!! The money has already been made!!!If you were serious about wanting to make money from property you wouldnt be buying at the peak price would you[laughing]
You would be waiting for the economy to turn a little wayward. When this happens all these backyard dreamers are going to realise they are in deep doo doo and will HAVE to sell. Surely you must realise thathere are soooooo many people who cant even afford a 2% increase in interest rates, let alone a 6-8% increase (what you think interest rates will stay low forever bwhahahahaha) So Joe Shmoo realise his get rich quick aint guna work and has to sell. Guess what though-everyone else is thinking the same. They then realise they cant sell, so will have to drop the price.
This is when the ‘real’ investors would come in. Everything else is just dreamers trying to get in on the next get rich quick fad[jealous]
Think about it this way-in the stock market is it the people buying at the top, or selling at the top who are making the money[lmao]
Hey BLOGS I agree with you.
I would add however that Wild one should still invest in RE in this climate IF- IF he has done his DD and also IF -IF it is a special property.
I reckon there are special properties out there in this climate.
All you need is the knowledge. I am looking for niche opportunities. Off the shelf investments do not interest me at all.
We then come back to the point about “JUST DOING IT”.
This is NOT the time to be JUST DOING IT. That was 2003-4. Anyone could make $$ then.
Now the real investors take charge.Giddo
http://www.standrewsplace.com.auKNOWLEDGE IS POWER
The Wild One,
great thread. Thanks for posting it.As I read your thread I took it to mean that one should do as much DD as they can and then when they feel reasonably confident that you make a move.
Not a reackless one that they can put themselves out of the investment game for years if it goes wrong – just A move forward. Then learn as they go and keep moving and before they know it they have momentum.
that is the point. And I think a great point.
Well done in posting it. I hope many people read it.
DD………everyone taking my name in vein.
Blogs the thoughts are to actually do something not sit back and shout “the sky is falling!!!”.
I was involved with an investor group in Sydney a few years back and when I was invited to join, I sat back for the meeting where they all discussed this data or that report. Well they were head down and missing the opportunities right in front of them. The next meeting was the same and I bided my time.The third meeting I spoke up as it was the heat of the boom and my wife and I had bought several properties just before I started attending these meetings.
While they were praising each other for being able to share data, we had actually bought 6 houses and in the time it took to settle them all, in the peak of the boom, they had all increased by over $200k in value. When I told that to these lovely, well informed people the mood changed and within 2 months 3 of them had invested with my help, 4 others had gone out and bought an IP themselves, and 2 others since have repeated the effort and now own several properties.
They knew all they needed, they just needed an active example of someone actually getting off their fat bums and actually making profit to motivate them into action.
There are three people I still keep in touch with fairly regularly from this group and am pleased to call them friends.
“Just do it” for them was being kicked in the butt to do it. If they were in the dark then of course do your info gathering and fact finding to the point where you do feel comfortable, then for Gods sake DO SOMETHING!!!!!
I love the positive aspects of this thread and feel we need more doers and less “ba humbug” from the non motivated, overly cautious people suffering from analysis paralysis.
DD
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!Agreed folks agreed
I am sure some of you suffer a similar affliction to myself.
It is not Analysis Paralysis, but indeed the opposite – a burning desire to get going combined with the knowledge that I need to do the DD first.
I cannot really identify with people who suffer with AN Paralysis.
I reckon we don’t get a second chance with our lives so we better make it count.Giddo
http://www.standrewsplace.com.auKNOWLEDGE IS POWER
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