tag:blogger.com,1999:blog-1207581886255094115.post1855678700397837650..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: How to Get Rich or Die TryingEconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1207581886255094115.post-12176435393168952362013-01-20T18:52:05.125-05:002013-01-20T18:52:05.125-05:00Outstanding post however , I was wanting to know i...Outstanding post however , I was wanting to know if you could write a litte more on this topic?<br />I'd be very grateful if you could elaborate a little bit further. Bless you!<br /><i>Review my blog</i> :: <b><a href="http://fxtrading2.com" rel="nofollow">fx trading system</a></b>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-60063188054912559062013-01-19T03:47:16.869-05:002013-01-19T03:47:16.869-05:00Right now it sounds like Movable Type is the best ...Right now it sounds like Movable Type is the best blogging platform out there right now.<br />(from what I've read) Is that what you're using on your blog?<br /><i>Feel free to surf my blog post</i> <b><a href="http://Onlineforextrading1.com/" rel="nofollow">online forex trading account</a></b>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-76310383277312617622011-02-10T02:22:38.302-05:002011-02-10T02:22:38.302-05:00We are not the only realtors in our company. There...We are not the only realtors in our company. There are two other brokers and six other realtors. Combined they sold somewhere around 300 houses.<br /><br />Back in the day, we had two offices. But my mother decided that she had twice to office expense, but wasn't selling twice as much houses. So the company bought an old ranch house centrally located between the two major markets. Seven acres of undeveloped land, that alone today would sell for $1.7 million. But you'd have to be a fool to sell it today, because in 10 or 20 years it would be worth at least three times that much.<br /><br />That doesn't include the company name, which was worth $250,000 in 1980 when it was a small office operated out of an apartment complex. Nor does it include the listings, of which there are over 300. So, anyone who wants to buy the office, the land, the company, and the listings--at 3% of list price for each--would have to pay us a whole lot of money.<br /><br />But none of that is for sale, now. It may be in 20 years, after it's grown even larger and the market has recovered. But between now and then we'll just keep selling houses and earning commissions. We are comfortable, after all, as it is.<br /><br />By the way, I went to a continuing education class last year. Talk about boring. On the last day this clown came in to teach how to set up a website. This is how you do it, this is how much it costs, blah blah blah. Then he goes to this google site where you can see how many inquiries your website is generating. His generated some 20,000.<br /><br />This got all the girls in class excited, and they all asked to search their companys' websites. 27,000, 30,000, ding ding ding, we have a winner!<br /><br />Finally, I couldn't take any more and said, do a search on my company. 913,000 inquiries. And everyone turned around and stared at me. How could you get so many inquiries? "Well," I said, "we don't have a website. All of our listings are posted on Realtor.com. That's where all the traffic is, and it's free." Class dismissed.<br /><br />These are franchises of nationwide chains. They have multiple offices, dozens of brokers and hundreds of realtors. We're just a small company. But our listings generate 30 orders of magnitude more than theirs do, and we sell more houses every year than all of them combined.<br /><br />Yeah, it's nice to be rich, but it's a lot of work. More work than any of you can imagine. I'm just saying that the way to get rich in this country is to own your own company, invest in yourself, build your business, then sell when the time is right.<br /><br />Unlike GYC, whom I respect, I don't invest in the stock market or precious metals. Hell, I don't even invest in real estate, even though I know the business and have the connections. I just do my job, save as much as I can, and help my mother grow our company. In the end, that will pay off. And it's the best investment I can make.GawainsGhosthttps://www.blogger.com/profile/16719480047404817864noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-31094317517892791882011-02-09T22:02:43.860-05:002011-02-09T22:02:43.860-05:00Gawains,
yours is a great stoy and I know how hard...Gawains,<br />yours is a great stoy and I know how hard you worked to ge there. I was being very general.<br /><br />Anon,<br />I think that was one years profits but I think it necessary for that info to be kept close to the vest.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-43095106157178665542011-02-09T21:58:11.155-05:002011-02-09T21:58:11.155-05:00Together we earned, not to brag, commissions in ex...Together we earned, not to brag, commissions in excess of $200,000. And the company we own is worth approximately $10,000,000.<br /><br />How the hell is a company with 200K net profits worth 10MM? <br /><br />Accumulated earnings?<br />3X EBITDA?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-57898155769629664172011-02-09T21:10:42.279-05:002011-02-09T21:10:42.279-05:00You left off the single most important way to get ...You left off the single most important way to get rich, that is financially independent. Start your own business.<br /><br />Read The Millionaire Next Door and it's follow-up The Millionaire Mind.<br /><br />You'd be surprised. Over 80% of the millionaires in the US earned their fortunes in the last 50 years. Most did not attend college, and those that did were C students. (The A students work for the C students, the old saying goes.)<br /><br />The average millionaire lives in a house that costs less than $200,000, drives a used car, and dresses casually. You couldn't spot him out of the thousandaires walking down the street.<br /><br />What he did do was start a business. Live cheap--minimize expenses, maximize savings--and invest in his company. I know an air conditioning repairman who makes more money, owns more property, and has more assets than any lawyer I know. And I know a couple hundred of lawyers.<br /><br />My father attended one semester of college, then dropped out. Took a six weeks course in computer programming and became a systems analyst. He not only wrote, but designed and installed the entire network all the banks, credit unions, savings and loans, hospitals, law offices--any business that needed a computer to run its monthly statements on--down here in the 70s and 80s. (And this county is larger than some states.) He worked his way up to president of the company.<br /><br />My mother never attended an hour of college in her life. She raised four children, then took a job as an apartment manager and secretary, became a realtor, then a broker, and made so much money that she bought the company. There was a time when my father's entire income couldn't cover the taxes on what my mother earned.<br /><br />I went to college, became a teacher. (I wanted the summer vacations.) But when my father was stricken with cancer, I resigned and went to work. Responsibilities of the first-born son, that sort of thing.<br /><br />Last year, my mother and I listed and sold 121 repossessed houses. The average realtor nationwide will list and sell 6 houses. Together we earned, not to brag, commissions in excess of $200,000. And the company we own is worth approximately $10,000,000.<br /><br />Yet we live in a modest condominium complex--I have mine, she has hers--probably worth maybe $40,000 each. I drive an old Ford Ranger--I did splurge on an RX-8 but seldom drive it, because it isn't suitable for work. She drives a Malibu. We both dress very casually. (I, of course, wear a suit and fedora when I go to Cowboys games, which after the embarrassment that was this Super Bowl isn't likely in the near future.)<br /><br />We're millionaires, but you couldn't tell it from seeing us on the street. Or in the office. This is what I'm talking about.<br /><br />We just go about our business, do our jobs, and make money. We own the company, and don't take shit from anyone. It's as simple as that.GawainsGhosthttps://www.blogger.com/profile/16719480047404817864noreply@blogger.com