Archive for Some food for thought

How REIC is affecting the economy

A few weeks ago, Randy Davis, one of our employees, sent an email to Kris Krohn about his feelings about REIC and how he felt REIC was positively affecting the economy. He wrote:

I spoke to Kris Krohn the other day about how I felt REIC was affecting our economy. I feel that the work REIC is doing is directly affecting the local economy. Each time we bring a new member into REIC and they pay their membership, the work begins! They are taught simple yet effective strategies to help them change what they are currently doing to improve their financial outlook. Then, once they begin investing, additional monies are put to work in this economy to help members improve their net worth. Hundred of thousands of dollars are infused into the economy by refinancing and/or purchasing new mortgages. Banks are helped, loan officers, real estate agents, coaches, title companies, and property managers are employed to fulfill the needs of the investors/members. New jobs are created and dollars are put into the system allowing for car loans, house payments, groceries, medical bills, etc. to all be paid because REIC is stimulating this change.

Six new companies have been formed since the beginning, less than three years ago. Employees of these companies work hard for the investing members rendering important viable services to each REIC member. In addition, hundreds of families are provided housing at fair market prices and the results are that through an education process these home owners are taught how to repair their credit and budget their money so they can be more productive citizens in their communities. They become more self reliant and they are given opportunities to become investors themselves. In addition, members are encouraged to improve their lives through personal improvement programs and concepts. This also brings additional dollars into the economy, while improving the lives and the net worth of the members. Once an individual becomes an REIC investor, the opportunities are immediately available for improving their lives in these areas.

I mentioned that REIC investors are actively increasing their own individual net worths by hundreds of thousands of dollars. Within much shorter time frames than government or other typical investment means these investors can be totally self-sufficient, independent of government retirements, etc for their future well being. REIC has helped hundreds of investors get back on track to accomplish these things while simultaneously bolstering the economy.

Now that REIC has moved to a national focus, it can provide these opportunities to other people around the country and improve the local economies there. I have also witnessed REIC collecting hundreds of cans/pounds of food from employees, investors and seminar attendees to help the local food bank feed families. I am proud to be an employee and a member of an organization like this.

What it takes to be great

Geoffrey Colvin, senior-editor-at-large for Fortune magazine wrote an article back in 2006 entitled “What it takes to be great.” He looked at figures like Warren Buffet and other exceptional individuals in their respective professions.

He wrote: “What made Berkshire Hathaway (Charts) Chairman Warren Buffet the world’s premier investor? We think we know: Each was a natural who came into the world with a gift for doing exactly what the ended up doing. As Buffet told Fortune not long ago, he was “wired at birth to allocate capital.” It’s a one-in-a-million thing. You’ve got it-or you don’t…

Well folks, it’s not so simple. For one thing, you do NOT possess a natural gift for a certain job, because talented natural gifts don’t exist. (Sorry, Warren.) You are not a born CEO or investor or chess grandmaster. You will achieve greatness only through an enormous amount of hard work over many years. And not just any hard work, but work of a particular type that’s demanding and painful. Buffet, for instance, is famed for his discipline and the hours he spends studying financial statements of potential investment targets.

The good news is THAT YOUR NATURAL GIFT IS IRRELEVANT-TALENT HAS LITTLE OR NOTHING TO DO WITH GREATNESS. YOU CAN MAKE YOURSELF INTO ANY NUMBER OF THINGS, AND YOU CAN EVEN MAKE YOURSELF GREAT…THE FIRST MAJOR CONCLUSION IS THAT NOBODY IS GREAT WITHOUT WORK…The critical reality is that we are not hostage to some naturally granted level of talent. We can make ourselves what we will. Strangely, that idea is not popular. People hate abandoning the notion that they would coast of fame and riches if they found their talent. But that view is tragically constraining, because when they hit life’s inevitable bumps in the road, they conclude that they just aren’t gifted and give up. Maybe we can’t expect most people to achieve greatness. It’s just too demanding. But the striking, liberating news is that greatness isn’t reserved for a preordained few. It is available to you and to everyone.”

As you’ve heard in our seminars, webinars and other events, real estate is hard. But you can do it! Yes the road will be long, painful and you’ll want to quit. But if you stick to it, you can do some great things; you can fulfill your soul purpose!

For the full article, click here.

Go get YOUR dreams!

Happy New Year! I hope everyone had an enjoyable and memorable New Year Holiday. This is always an interesting time of the year as many people make new goals, rekindle old hopes, and start the year with an increased desire to succeed. Sometimes we endure and realize these goals, other times we fall just short, and many times the fire we feel on the 1st of January is extinguished before the end of the month!

BLOG Marathon 300x225 Go get YOUR dreams!Last year among several of my hopes was a goal to qualify for the Boston Marathon. I started running longer distances five years ago. Qualifying for Boston became an elusive goal of mine four years ago! I have set that goal each January. I have to run a marathon (26.2 miles) in 3 hours and 20 minutes or less to qualify for the Boston Marathon. Finally, in 2009 I really meant it! I stuck to my plan. I awoke at 5 A.M. every day to run. Snow did not stop me. Rain, mud, and wind, did not stop me. I did speed work, I ran long distances, I endured ridicule and the constant “why are you doing this?!” question. I ate right and refused ice cream, cake, and many of my other favorite foods. I invested in pair after pair of running shoes and the latest gadgets to record my times and measure my distances and speed.

Finally the day came to attempt my qualifying run at the St. George Marathon. I had carefully mapped out each mile of the race. I knew the elevation gain or loss of each mile. I planned out when to consume my energy packets of life sustaining Gu. I knew exactly how fast I needed to run each mile.

The starting gun fired at 7 A.M. and I was off. I felt great! Miles after mile I stayed almost exactly on pace. At the half way mark I was within five seconds of my carefully planned strategy. I asked my oldest son to meet me at the 16 mile marker and run with me for a couple of miles to keep me motivated and push me to keep going. At mile 20 my second son met me to take me the rest of the way and make sure during the hardest part of the race I did not falter. Everything was going exactly according to plan! At mile 23 I declared to my son “I’ve done it! I am going to qualify!” Then life hit me. Without warning my left calf muscle completely seized up on me. The pain was excruciating. Every step left me wincing in pain and my pace began to slow considerably. I repeated over and over again the mantra “I am whole, I am whole,” trying to do everything I could to ignore the pain and keep my pace.

I looked at my watch to see whether I had enough of a buffer to account for the slower pace. I calculated that it was not. My goal, my dream, was slipping away from my grasp with each passing second. My son was yelling at me and encouraging me to push on and pick up the pace. I did my very best to obey.

The last mile of the race was the longest mile I have ever run. It was the most physically and mentally challenging moment of my life. When I finally crossed the finish line I was totally and completely exhausted in every way. Two members of the National Guard who were manning the finish line caught me and helped me through the chute to the finish corral where I was able to sit and analyze my results. As it turned out, I was 59 seconds too slow for the needed qualifying time. That is 2.2 seconds per mile!

I came up short again. But I will tell you this–today is the first of January and I just bought a book called Run Less, Run Faster. And, I have an expert running friend who is going to provide me a little bit of expert advice. This is the year! I am finally going to do it! I look forward to seeing you at the finish line of 2010—Go get YOUR dreams!

2009: A year of learning, building, developing and implementation!

Happy New Year 230x300 2009: A year of learning, building, developing and implementation!
A few weeks ago the REIC executive team met up at the Homestead Resort in Midway. Our meetings began at 6:00 A.M. and we concluded our day at 9 P.M. I am happy to report that we had an amazing experience as we reviewed our activities of 2009 and planned our strategy for 2010. 2009 was a building year. In this article I would like to share with you some of the accomplishments and decisions of 2009 that we are most proud of:

• Signed up nearly 200 new REIC investors.
• Helped our investors purchase 75 local properties.
• Helped our investors close 110 loans.
• Increased overall revenues by over 10X’s compared to 2008.
• We are participating in some kind of a company service project each quarter to build and improve the communities where we do business.
• Created an amazing and sophisticated client tracking system.
• Created an improved comprehensive consulting/coaching program.
• Created 6 committees which tap into the intelligence, passion, genius, and creativity of our executive team.
• Created a book that will become a national best seller and that consolidates everything that REIC teaches into one source. This will be the “go to” guide for all our investors.

Wow! I need to catch my breath! 2009 has been a year of learning, building, developing, and implementation. 2010 will be a year of execution. The goal is 100% investor satisfaction. And the most important thing in making sure that you as an REIC Strait Path investor are satisfied, is to help you learn the investor mindset and take action to begin or continue your own journey as a real estate investor. As the new year begins and you set your goals and ambitions, please take advantage of all the resources that are at your disposal as an investor in REIC.

I wish you the best as the year comes to a close and hope for your success and happiness in the New Year!

Sincerely,
Steve Earl, CEO

Being fearless in a fearful market

Last week I spent a few days in Phoenix, AZ. A few months ago we made the decision that we were ready to begin the process of expanding REIC into other areas of the country. As a result of that decision we began to study the question of where would we like to go. We ended up choosing 10 different cities. We developed an extensive criteria and researched all kinds of statistics to help up determine the best fit for our company. In the end we decided that Phoenix would be the best place for our initial expansion efforts. So last week was another step in the process of opening up this new area. But what I want to share with you today in this short article is not the detail of our expansion effort but rather an insight I learned about one of the principles REIC is based on.

This principle is–being fearless in a fearful market. Although I do not travel a lot, I do enjoy it. And like usual when I was preparing for my trip to Phoenix thoughts entered my mind such as, what if my plane crashes? What if I catch a fatal illness from the ventilation system on the airplane? Or what if something bad happens? I think many of us have these types of thoughts when we travel. The key becomes, how do we handle these thoughts when they come? I believe we have a choice. I simply chose to say to myself, “well, I guess it is possible that something bad will happen, but I am OK with it”. “I will deal with the situation when and if it becomes an issue”. As a result of my little conversation with myself, I chose not to entertain the fearful thought and very soon the feeling of worry left me. I went on my trip, had an enjoyable and productive time, and came home safe and sound.

All too often people allow themselves to entertain these fearful thoughts. They worry before the trip, during the flight, and throughout the entire trip. For someone watching from the outside, they could look at two people on the same trip together and they would think each had the same experience. However, the reality is that these two people had two very different experiences. And although the outcomes of the trip were very similar, one person truly enjoyed their time and probably noticed more of the sights, sounds, smells, and details of the experience where as the person preoccupied with fear missed out on many of the beauties of the trip.

Life in general is very similar. Two people will go through life with similar physical surroundings and opportunities. But their experiences may be completely different—while one person enjoys the journey of life, the other finds his journey full of anxiety and stress and much of the good things of life are missed.

As a company we here at REIC have chosen to do business fearlessly. The economy has been throwing many challenges at everyone. We have chosen to “be OK with it” and face the challenges head on. Although many of the challenges have been great we have found solutions to almost every challenge that has come our way and we are better and stronger for it! Our revenues have grown 10 fold in the last 12 months, we are out growing our office building, and we have expanded and improved the services we offer to our clients. We have big plans for 2010 and we plan to keep moving forward and continue to do business with the courage and faith necessary to continue to have fun and make the new year an incredible success! I hope you will join us!Fearless Being fearless in a fearful market

Tap into your inner leader

Renei Cavallari from the Society of Human Resources Management (SHRM), wrote an article on great leaders back in August 2008. She wrote “Great leaders understand that their purpose is to shine the light on others…Leaders are made every day. They are the individuals who step forward and make important things happen. Leaders live the vision. A person does not need to be the boss to make important things happen…Someone who looks to find a better, smarter or faster way of making things happen is acting like a leader…Great leaders empower people to make decisions that support the goals and vision of the community, ultimately developing smarter solutions…Leaders should be humble enough to admit that they do not know all of the answers. They are not leveraging the gifts and talents of their people if they say otherwise. Ask questions that help find the answers. Leaders understand that when they ask different questions, they get new answers. Collaboration is imperative to the success of the community. Finally, leaders celebrate along the way. Celebration breeds energy, and energy breeds more life. They make people feel like their contributions matter more than they ever imagined possible.”

So ask yourself, what can you do today to inspire, to motivate, to become a leader no matter what you do?

To read the full article, visit http://www.shrm.org/oed/library/0808cavallari.asp

ONE is the most powerful number

“One is for me, one of the most powerful, powerful numbers. Some people might think it’s a million or 10 million dollars or something like that, one is a very, very powerful number. One separates the impossible from the possible, we touched on this a little bit earlier. Being able to do that first real estate transaction gives you so much power and confidence in knowing I can do this again I have done it once, I can do it again! And now you can have confidence in that thing. That’s exactly what we want to do! If we can help you make your first $100,000 then surely you can put millions of dollars aside and retire. It’s now a scientific function of time and action and we are going to put in the time and we are going to put in the actions and you can come to believe in retirement for yourself. We are going to make that possible and don’t get overwhelmed by the really big picture just from ever it comes down to you are very first experience. We are going to make it as good as we can we hope that you will do the same thing. Latch on to that positive attitude, use your collaborative team, apply passion and all these principles to have a wonderful experience so that you can move on to your other passions in life and that things that make you happy.” Kris Krohn Power of One ONE is the most powerful number

Welcome to Scare-City, USA

BLOG ScareCity 300x175 Welcome to Scare City, USAWelcome to Scare-City, USA (pronounced “scarcity”). The place where you can find offices full of insecurity, houses full of hoarders, little power, little choice and little consciousness in action. Population: Way too many Americans. Where did “Scare-City, USA” get it’s name? From the scarcity paradigm. What is this paradigm and who was the founder? Well, we don’t know. But what we do know, is that tons of Americans believe in this paradigm. That there is not enough–there is not enough resources, not enough money, not enough of anything! Scarcity is a game of limited options. That life is a game based on limits, rooted in doubt, fear and despair. These people are afraid of money–of losing it, of spending it. They hoard and accumulate their money based on typical financial advice (401K). Accumulation is the hallmark, financially, of the scarcity paradigm. They hoard and save and scrimp and hoard and save and scrimp until they have enough money for retirement. However, they face a problem. That it doesn’t work. To learn more about Scare-City, USA and how to avoid going there, click here.

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