If You Were a Bank Account; What Would You Look Like?
Would you be short on funds and only enjoy receiving revenue a couple of times a month.
Would you as these funds tend to cover your outgoing payments and monthly expenditures with not much left over? At the beginning of the next month would your madness starts all over again, and the funds come in, and the funds go out; you are like a hamster on a treadmill and can not get ahead.
The funds you receive in most cases are your after income tax and benefits take-home pay.
You might see a tax refund at the end of the year, but this generally means the government has taken too much money off your pay cheque. They are giving you back your money; remember the government got to use your overpayment to the government all year. You can get your employer to adjust your deductions if you are paying too much income tax.
Who do you think could better use your money better; you or the government?
For the majority of us; we have an employee and government blanket through our entire life. Don’t get me wrong I advise my clients early in their career, “don’t give up your day job.”
I also believe deep down you need to research entrepreneurship and small business practice; you need to hone this skill before digging a hole so deep it takes the better part of your younger zest filled working years to pay back.
What is one of life’s most valuable asset?
What if I told you, like-minded people. These people should be part of what you are banking on through your investment life; many times they are rich in lessons and knowledge you can bank on. Make sure you deposit the learning you gather from these folks; deposit into you as a person.
Do a little soul searching and reflection of who you are. It’s hard to align yourself with others if you don’t know who you are.
There are several excellent personality testing assessments; one of my favourites is by Carl Jung and Isabel Briggs Myers. See attached link to have a closer look at your personality type; http://www.humanmetrics.com/cgi-win/jtypes2.asp
Once you have a better understanding of who you are; honesty is the best policy; start to look around for like-minded folks; let’s start with your significant other.
Finding Your Mate
Finding the right mate; too often people are attracted to each other through appearance. Rarely are people doing a FICO check or Credit Karma or a simple check in on how a potential partner handles their money.
In many cases, you tie the knot and then find out the noose is around your neck and you hung with the other person’s credit problems; so much for Karma.
Lessons – Using Investment Real Estate to Strengthen Your Relationship
If you are reading my blog posts regularly I have mentioned I don’t take on new clients unless the couple is on the same page when it comes to investment real estate. The couple needs to be like-minded when it comes to investment real estate, or I don’t let them in the investment real estate coaching or consulting door.
You can take an investment real estate course through a local college or an online course.
I would encourage you to stay in touch with a group of students from this class or join the online group; many times set up through Facebook.
You should create a long Association with Like-Minded people who will encourage, coach, mentor and consult you through life; what an invaluable asset. This asset usually comes at no cost and the return is unmeasurable.
Do you now have a better picture of yourself?
Can you bank on yourself, significant other and like-minded people to build a financial life you can bank?