Saturday, January 31, 2009

Uncontrolled Spending

Can a government declare bankruptcy?

We are in a period of uncontrolled spending that seems to have no end. The current government seems to think that the way to get out of our current hole is to keep digging. Let me ask a question, when has this ever made sense. When you want to get out of a hole, you don't continue digging, you stop!

What we need is good, old fashioned, hard work at this juncture in our history. As was once said by a very great leader, "The only thing we need to fear is fear itself," which is absolutely true, but we are riding fear headlong into our current recession. We have several situations arising due to the fear of our nation's members, some are good for the state of things, ie better savings habits, and some are terrible, ie pulling investments out of solid markets thinking it will be better elsewhere.

I have recently had the opportunity to give a speech to our state Apartment Association. During the speech I was surprised at how few questions there were regarding how people could take advantage of the current market conditions regarding real estate. I admit that I was a bit disappointed in my own performance, not for the information provided, but from the presentation of that information. This was not as disappointing, however, as the lack of excitement in the opportunities of our current market. Baron Rothchild once said, "Buy when there is blood in the streets, even if the blood is your own." He was basically saying that you should be looking at opportunities, especially when most of the populous is running from those opportunities. Although I am glad that some people are overlooking the opportunities, I am amazed at how few there are taking advantage of them.

What do you need to know to get educated on historical real estate markets? I spent eight hours researching this current situation and have a presentation that I would be happy to share with anyone who requests it via email.

Hope you are able to take advantage of market conditions by buying a home, investing in real estate, or even expanding your knowledge at minimum!

Friday, January 16, 2009

State of the Economy? or should I say the Media?

We all know that the economy is in a recessionary state. We also should know that this is a cyclical nature that happens quite often in our economy and in any free market aka capitalistic environment. What we may not realize, however, is how much the media controls our thoughts and minds on the matter. We are in a recession yes, but do we have to choose to be doom and gloom about it? Is this not still the land of opportunity? Isn't every other nation in the world having similar struggles? Why can't get past the fact that we are in a recession and work our way through it. Why do we have to be constantly reminded about the 'hard times' and 'struggling economy.'

My thought is this, why not use this opportunity to get ahead. People have free time, start a business! Need extra income, start doing something about it. I found a way to make forty dollars yesterday without having any money. Just by working through a simple formula of paint cans and a stencil, I could have easily made much more than that, but wanted an example of a simple thing someone could do to make money with literally no overhead. You find a person who wants numbers painted on the curb, get them to pay ahead, go buy the supplies, and follow up with neighbors who may be willing to pay 15 to 20 bucks to have it done. This is just one of thousands of business ideas that are potentially out there to those industrious enough to move forward.

Real Estate is the same. I hear people tell me all the time, I would love to invest if I had the money. That seems to be the most common excuse anyone has these days. I met with someone today who doesn't have any money, but we discussed three different things he could do to start investing today!

You don't need money, there is money to be found, what you need are goals and desires to exit the hole you are in and move forward! Let's quit listening to the media and go make a difference.