April 10, 2008
If You Lost It All
We had some pretty nasty storms come through Dallas last night. Some places got wiped out, leaving many to start all over.
While there are many philosophical and spiritual directions to take this question, I just want to focus on career. If you lost it all, what would you do in starting over. However it got taken away from you. If you had to start at zero or below, what would you do?
Would you get into real estate, begin looking for jobs, join a network marketing company, start a lawn care business, or many other things. What would you do?
Well, first of all, I wouldn't panic. It may be a natural reaction, because you still need to eat, buy gas, pay a mortgage. But if you panic, you lose clarity. My personal belief is that when you lose it all, or are in a situation where the slate is clean, you need to go to your strengths. Up to this point, you have achieved enough skill sets to make something happen. With focus, it shouldn't be a problem… really.
Some activities generate money quickly… others slowly. For example, while real estate is great, it takes quite a long time to develop a portfolio to generate full-time monthly cash flow. You could flip or partner in large buys, for quick cash flow, but that wouldn't be my strength.
You could develop a large number of websites generating Adsense and affiliate income. While that's good, it does take several months to generate good income from Adsense.
For me, I focus on the day. If I need $4000 per month, then I break that down into weeks and days. I need $1000 per week, or $133 per day. Sometimes that can seem like mountain, but you have to see it.
You see, I can see it. I believe I have the skill sets, the connections, and the knowledge to reach those kinds of goals. While it is ultimately the Lord who provides (I'm not that arrogant), once you have built it, been there, and even traveled way beyond, the realize the road is familiar. It is not unchartered water.
Always bear in mind that your own resolution to succeed is more important than any one thing. ~ Abraham Lincoln (1809 - 1865)
Filed under Blog, Home Business, Success, Thoughts by Rich
I'm not sure if you've seen Babel yet, but let me give you story line real quick:
About 6 weeks ago several of our friends from our church came over and helped us tear down a room off our house. It's been something I've been wanting to do for a couple of years. A major gas leak got us jump started. We fixed the gas leak, tore down the structure, and hauled it all away. That revealed some problems with the house that needed to be fixed. So, we tore out the French doors, framed in the opening, fixed the eaves of the house, painted the interior of the living room and kitchen where the new wall had been built, and hauled all that away. That left us with a concrete slab. I took the jack hammer to it. It just about killed me, but my wife and I cleaned up the concrete and 2 days ago, they came and hauled the dumpster away with the concrete.
Yesterday, we brought in about 1,000 pounds of dirt and laid sod where the old slab used to be. Today, the plumbers came by and fixed (for free) a new water spicket for us to use. If you live in the DFW area, I'd be glad to recommend this plumber. So, after a long 6 weeks, it's finally done.
Either way, we are sure that you will agree that 100 "red hot" prospects for just a $1.77 each would be the deal of a lifetime.
I watched Mr. Magorium's Wonder Emporium this last weekend. It was a pretty decent movie (made better by watching it in Blu-Ray and surround sound). It may not have the best story line, action sequences, or romance, but it is certainly worth a few bucks to rent the movie. There was one line in the middle of the movie that was great. Mr. Magorium said to Mahoney, "You Are An Occasion… So Rise To It!"
For approximately 6-9 months I have been planning a new direction for the next few years of my life. The primary purpose of this direction is to eventually sell off everything I have online, invest completely in real estate, and retire. I had always hoped to retire by the age of 45. I'm 42 now, so I think I'll miss that by a bit. I figured it is going to take me 3 - 5 years to build up the real estate portfolio I need to retire on, and allow for continued growth to continue purchasing more real estate as I see fit after I retire.
Anyway, I have choices to make for this summer. I have been saving for awhile, and want to do something for my family this summer. I could use your feedback by leaving comments below (you got to click on the blue "comment" link below). Here are the choices I have so far:
Found a great article that I had to pass along. I included a snippet from the article and then a link to go and read the rest. Very good stuff for you to reference.






