Archive for 2010

Cool article! Billionaires explain their charity pledge

Aug 4 | by | In the news, Mindset, Some food for thought
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You make more money if you spend time building relationships and nurturing them, not by chasing the money itself. We all know, or at least we hope that you will learn, that money is just a by-product of the successful relationships you develop. Don’t be afraid of money, embrace it. The money will come as you harmonize all areas of your life and genuinely work towards being happy!

Reuters.com came out with an interesting article today highlighting “The Giving Pledge” launched by Bill Gates and Warren Buffet. So far, 40 billionaires have pledged to give away most of their fortunes during their lifetime or after their deaths. As a part of this, they’ve asked these billionaires to publicly state their intention with a letter of explanation. Below, I wanted to share with you a few of the excerpts:

Laura and John Arnold, hedge fund manager: “We view our wealth in this light — not as an end in itself, but as an instrument to effect positive and transformative change.”

New York City Mayor Michael Bloomberg: “If you want to do something for your children and show how much you love them, the single best thing — by far — is to support organizations that will create a better world for them and their children. And by giving, we inspire others to give of themselves, whether their money or their time.”

Philanthropist Eli and Edythe Broad: “Those who have been blessed with extraordinary wealth have an opportunity, some would say a responsibility — we consider it a privilege — to give back to their communities, be they local, national or global.”

Investor Warren Buffett: “Were we to use more than one percent of my claim checks (Berkshire Hathaway stock certificates) on ourselves, neither our happiness nor our well-being would be enhanced. In contrast, that remaining 99 percent can have a huge effect on the health and welfare of others.”

Banker George Kaiser: “I had the advantage of both genetics (winning the ‘ovarian lottery’) and upbringing. As I looked around at those who did not have these advantages, it became clear to me that I had a moral obligation to direct my resources to help right that balance.”

There are plenty more excerpts that you can read! Just click here.

Want to run the REIC marathon…technically it’s the Layton marathon…

Jul 27 | by | Uncategorized
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But a bunch of us REIC people are doing it together!

Tony, one of our coaches/consultants, is gathering quite a few of us to run a marathon in September. He sent out an email reminder, asking us if we still wanted to run with him and before we emailed him back to change our minds he wrote:

you can do it1 214x300 Want to run the REIC marathon...technically its the Layton marathon...I believe that we are all limitless and that we can accomplish anything that we want to.  And yet, as a society, as a human beings, we are not manifesting our potential.  My question today is why? Why is it that we all dream so big and yet so many fall short of their dreams?  It is because it is difficult.  We’ve all experienced failure, disappointment and setback.  Everyone, at one time in their life, has set a goal. We all have been excited about and determined to accomplish something specific and yet failed.  We lacked the skills, knowledge or determination to follow through and achieve that goal.  At some time we came to the conclusion that we couldn’t do great things.  So, we stopped trying or maybe it’s that we keep trying and yet continue to feel the same sting of dissapoinment of not accomplishing the things we set out to do.  Essentially, we are reliving that same pattern over and over again.  Whether we’ve given up or continue to feel the discouragement of not succeeding, both are created by a belief that we are not good enough.  That very belief was created the first time we experienced failure.  So, how do we break through?  We break the pattern!  We break the pattern by experiencing success.

How does one succeed at something?  There are so many principles and “keys” to success.  In fact, chances are you already know them all. The problem is that we never apply what we know. We learn all of the principles of success, but we lack something realistic and tangible to apply them to.  But remember this, the principles of success are the same for everything.  Once we learn to use them, we can apply them to any goal we have.  Right now is your chance to apply the principles you know.  You have 2 ½ months to prepare to run 26.2 miles, a feat that less than one percent of the population ever accomplishes.  I can promise you that it is going to be difficult.  You are going to have to learn and apply many principles of success, some of which are:

  • You are going to have to learn to continue to push yourself after you thought you had given it your all
  • You are going to have to learn to set goals and the power of writing them down
  • You are going to have to learn the power of visualization and the skill of visualization
  • You are going to need to study and learn techniques about running
  • You are going to have to ask others who have been there
  • And you are going to have to ask for the help and support of the people around you
  • You are going to have to learn personal accountability and that there is no such thing as excuses
  • You are going to have to learn to take action and overcome obsticles no matter how big they seem
  • You are going to have to learn to start each day anew regardless of past setbacks
  • You are going to have to learn to persist without exception
  • And above all, you are going to have to discover the motivation that lies within you, the drive that will enable you to accomplish anything hard, demanding, problematic or seemingly outside of your capabilities.  Basically, you will need to learn to revive your inner potential.

That is the reason I am running a marathon, even though most people would call me crazy for doing so. In fact, a year ago I was the one saying I would never run a marathon.  But, that was before I realized what I am telling you now: That the principles I will learn by training to run are the exact same principles necessary to accomplish any difficult thing.  Running a marathon will simply give you a practical application to begin to use the principles you probably already know, but to a degree far greater than you have previously.  Once you understand how to use these principles you can use then for whatever else you want it life.  So, ask yourself what is it you want that you are not currently able to obtain?  More money?  Success in building a business? More success in your current career?  Physical health? Better relationships?  Deeper spirituality?

If you want to experience breakthrough or  are frustrated with your current results and want to accomplish more, I can promise you that truly committing to properly prepare for and run this marathon will give you just that.

If you feel at all tempted, or maybe a better word is motivated, to do this, NOW is the best time ever.  Not only because there is only power in the now, but because you will never have this much support in accomplishing something like this. You will have an entire team of friends and co-workers who are all training together and who will be a support and accountability for you. Also, I give you my personal commitment that I will not only train and run this marathon, but also do everything I can to support you. I will send out periodic e-mails with reminders and running tips, techniques and new principles of success and how to apply them to running.  You may never have a chance like this again.

If you want to join in, email us!

Subject: REIC Layton Marathon

email: info@reicglobal.com

Jordan Eyre’s Basement Apartment Adventures

Jul 27 | by | Meet the team, Real Estate
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A little bit about Jordan:

Jordan works as one of our consultants and helps to educate individuals who are interested in REIC. He’s passionate about the REIC  and is a successful product of the Strait Path System.  As an early 20′s newlywed and a very recent homeowner, Jordan is on his way to purchasing more homes and building his wealth through real estate. Below, Jordan wanted to share his rental renovations on his basement apartment.

“As you may know, I did a little work on the basement apartment in my house before renting it out. It was pretty trashed before, pink counter tops, greasy cupboards, and a grimy, broken stove.”

jordan before1 300x225 Jordan Eyres Basement Apartment Adventures

A month of long evenings and about $600 later, I moved someone in and am collecting $800/mo! Pretty good deal, if I do say so!

jordan after Jordan Eyres Basement Apartment Adventures

Your Programming

Jul 12 | by | Uncategorized
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So, being in HR, I don’t get a lot of interaction with our clients. Occasionally I answer the phones, schedule a few appointments as a back-up person, etc. But this past week I was appointed to take care of our special clients from Mississippi. So I made a special sign for them, you know, the type that limo drivers make so their clients can figure out with ride is theirs? I’ve always wanted someone to do that for me, so I figured they’d probably love it. Can I just tell you, those brief hours with them were some of the funnest that I’ve ever had in a “work” activity. They were both so full of life, and so in love after 18 years of marriage. Meeting these clients and listening to their philosophies of life, I knew they fit right in to REIC and the culture that we try to develop as a company and through our coaching sessions. This particular client is literally a jack of all trades Renaissance man and he has the perfect woman who supports him in everything. He has the biggest gee-whiz collection I’ve ever seen! He knows how to call alligators, build furniture, captain a boat, scuba dive instruct, drive a semi-truck and he’s even written a book called “The gods We Are” (to which, I received a signed copy!).

As I read his book, one thing stuck out to me the most that he wrote:

“Are we getting all there is out of life? Are our marriage, our children, our job, our dreams, and ourselves what we want them to be? Or do we sometimes look at the other person wishing that somehow we could be like them as far as their success in life is concerned? Do we sometimes feel as though our backs are against the wall and there is no place to go? Well, you don’t have to be that person anymore. There is a God-given power that exists and you don’t have to do anything to get it—it’s already programmed inside of you: All you have to do is turn it on!”

Genius. Thanks Steve and Charlotte for the best Wednesday and Thursday I’ve had in a long time J

Change of mindset

Jun 24 | by | Mindset, REIC Insider
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If you live in constant need of creating security, no matter how exciting or rewarding your life gets, it will only be a matter of time before you seek a new adventure. Now, that doesn’t mean that new adventures are bad. By all means, learn new things, get more degrees, travel to new places, progress!

Human beings are programmed to progress. We are encouraged to be ambitious, to reach for the stars! But the difference is the state of mind you are in. When you live in this constant state of fear and insecurity, nothing is ever enough and the more you get, sometimes the emptier you are.

When you are making a million dollars, that state of fear will tell you that a million dollars is not enough and you have to keep going. It becomes this unhealthy addiction of acquiring more and more and often leads to a life of criminal activity.

Change your mindset, replace fear and insecurity with the desire for progression and ambition then your life will be more about enjoying what you are experiencing rather than hoarding the results of your “successes.”

REIC Investors Share Their Experience: John and Diane

Jun 22 | by | REIC Testimonials, Testimonials
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“One of the fantastic benefits of the Strait Path system is the mitigated risk. With one of our investment properties, the buyer-tenants we had were unable to continue with the purchase of the home.

The down payment they had made toward the house was enough for us to cover just a couple of mort- gage payments, if it came to that. Luckily, we were able to find new tenants within the month, so we only had to cover one mortgage payment with that reserve down payment. The new buyer-tenants were able to invest even more to build immediate equity.

They have been fantastic and are making improvements to the home while working toward ownership. They are planning to attend classes to prepare them for successful home ownership. This system really reduces risk for everyone — including tenants.”

Profitability

Jun 21 | by | Some food for thought, Strait Path Real Estate
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Profitability

“It’s not how much money you make, but how much you keep, how hard it works for you, and how many generations you keep it for.” —Robert Kiyosaki, author, Who Took My Money?

For most investors, profitability is the primary, and in some cases sole, factor used to decide whether or not to invest in something. They fly from deal to deal with no system in place.

Like an eager puppy that runs to whoever will pet it, they rush into any deal as long as they’re convinced that it will make them money. Unfortunately for them, their profits are as fleeting as their focus. They make good money on one deal, average money on another, and lose money on the next. They’re reduced to calculating returns based on averages over time, rather than the performance of each individual deal.

Also, investors who elevate profit above all other factors are those who tend to spend money as fast as they make it. They have to keep making it in order to support their extravagant lifestyle, which creates a self- reinforcing cycle. They become addicted to money and lose the ability to put it in its proper perspective as a tool and a byproduct, rather than an end in itself.

In Strait Path real estate, we’re not just looking to make money — we seek sustainable, consistent, and predictable profits. We don’t want the highest returns — we want the best returns when considered in light of every other investment factor.

Without a holistic approach, perspectives on profit become misguided. No amount of money is worth exposure to high risk and/or creating a win-lose transaction. The more time and effort you have to spend on a deal, the less it should be worth to you. The more you must depend on appreciation, the less appealing the opportunity becomes.

Strait Path to Real Estate Wealth Reviews

Jun 18 | by | In the news, Testimonials
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briantracy Strait Path to Real Estate Wealth ReviewsThis powerful, practical book shows you how to get started and achieve financial independence as a real estate investor, and faster than you ever thought possible.”

-Brian Tracy, Author of The Way to Wealth

Continue Reading…

The Five Profit Centers on the Strait Path

Jun 17 | by | Cash Flow, Discount Equity, Down Payment, Interest Rates, lease option
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MONEY%20TREE The Five Profit Centers on the Strait Path

The interesting thing about Strait Path real estate is that even though profitability is one of six factors considered for every deal, the Strait Path system is still far more profitable than other forms of investing. In other words, the Strait Path system is still the best even when profitability is an investor’s sole or primary focus.

This is because the system offers five profit centers, wher

eas others offer only one or two. The five profit centers include 1) discount equity, 2) cash flow, 3) down payment, 4) appreciation, and 5) tax benefits.

1. Discount Equity Discount equity is the difference between the market value and the purchase price of a home. Our finding system helps us secure properties with 15 percent equity or more. Depending upon the size of the home and its discount purchase price, you may make more on one purchase than you make all year in your current job. For example, if a home is worth $275,000 and you can purchase it at a 15 percent discount for $233,750, you’ll make $41,250 on the purchase alone.

2. Cash Flow Cash flow is the monthly amount you receive from your tenants less your monthly mortgage payment. In short, it’s the difference between your mortgage payment and what your tenant pays you each month.

$200/mo cash flow

3. Down Payment The technical term for this is “option consideration,” which is a fee paid by tenants to secure their opportunity to purchase the home within a specified period of time. This is nonrefundable, and we receive on average $5,000 down per house.

$5,000 down payment

4. Appreciation Appreciation is the rise in value of a property over time due to increased demand. What’s notable about Strait Path real estate is that we don’t rely on appreciation to turn a profit, though we do account for it when it occurs.

10% additional profit

5. Tax Benefits Tax law allows homeowners to deduct mortgage interest from their taxes. This is a huge advantage in Strait Path real estate, since the goal is to purchase as many homes as possible

With a fixer-upper, investors receive the first profit center and, if they’re lucky, the fourth. But they have no cash flow, they do not get a down payment, and capital gains taxes often wipe out any earnings. With rentals, investors enjoy tax benefits and sometimes benefit from property appreciation. They receive no down payment, however, and they’re lucky if they get a good deal up front and receive a positive cash flow. Once again, the Strait Path system offers investors all five income streams.

Delayed Gratification

Jun 16 | by | Meet the team, Mindset
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When I started working for REIC, I read one of the earlier draft’s of Kris Krohn’s latest book. At the time I was not married yet, but had been dating my current husband for almost four years. So, in all of my relationship wisdom, carried this philosophy around with me:

Boys fool around while they are single and girls, well, they shop.shopping Delayed Gratification

So, obviously, with that mentality, I over-treated myself on occasion and became a practitioner of retail therapy. I was doing pretty good for myself after college. I landed a really good job right out of school (especially for the job market and especially for Utah county) and was spending a little too much—not more than I made, but almost!

Anyways, as I read through the book draft, one thing stuck out to me. Spend less now and make the sacrifice to not spend for a few years in order to create room for building wealth! So save, invest and skip out on the stuff that you don’t need.

This isn’t a new idea, but reading that concept in the context that it was in (a book talking about making money, legitimately) struck a chord. To me that meant, stop eating out, stop compulsive shopping, stop buying things that I “need” (cause let’s face it, girls “need” everything for everything). And me, being in love with fashion, should know and accept that fashion comes in cycles and that if I miss a season, I’ll see quite a few of the same styles in a few seasons or in the thrift store.

For those of you who read the blog, know that I love getting my news updates and editorials from MSNBC. They had a great article called “How to Escape a Shopping Addiction” with 10 steps Gotta have your steps. For those of you who have shopping addictions, be it in retail, electronics, big masculine toys, this might be a fun read. Enjoy!

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