Success over Stress

A tribute to Louis Armstrong.  Today we discuss the power of having balance in your journey to success.  The song, "What a Wonderful World", was based on simple concepts yet overlooked right at the beginning.  Later, the beauty, and charisma was realized. 

Many don't realize that the beauty & charisma in your life, is simply from living it.  Chasing fame and fortune can certainly lead to misfortune and everything in between.    Try maintaining balance in your journey, and when you get to where you were going you will have be where you were....and that's happy, and appreciative!!

"Nothing is certain but death and taxes"

Well...Lets talk about that.  The 1099 IRS form is pretty important when running a small business and needing to outsource some of your tasks.  That way you can get the job done without employees.  BUTTT...if you have a child under the age of 18 that is your dependent, they can surely help you with your job whilst not having to file AND you get to deduct it as an expense.  How righteous is that???

The title says it all.  Take a walk with me down this path of pleasure.  Royalty and Riches come...but only after headache and heartbreak.  Be the Balance.  Live and let live.  Ahhhh...

 

But seriously.  I had some tenant hurdles and I've been wrecking my brain learning the art of day trading stocks.  MMM....recipe for success?? Find out!!

I typically make good use of Zillow or Redfin to perform ARV estimations.  While good... and often times sufficient, I tried my hand at a CMA or comparative market analysis this time around.  I learned a few things about ARV.  When a house is not yet repaired...there is quite a range that you can assume for ARV depending on the comparables in the area and the finishes you decide to employ!! Enjoy today's podcast. Thanks

Health is also key to your overall wealth and income.   This can be cyclical however.  So...please pay attention to the pattern and make sure that your cycle is not spiraling downward.   Take care of your health and thus protect your wealth.

What does Return on investment mean.  Simply put, it is the return that you see on investments that you put in.  Of course, this can measure, time, money, energy, or whatever variable you want to look at.  Be sure to measure, measure, measure!!!

Completing tasks or engaging in behaviors is a ton easier when there is a high level of passion involved.  Be sure that your personality, passion, and interests are in alignment and you have a great formula for success.

 

Erik

Be sure to follow guidelines of the Fair Housing and Equal Opportunity Act when choosing..or dismissing potential Tenants.  No one likes to be turned down...and certainly not for something outside their control.  

Data produced by MIT proves to be a useful resource when determining relative income requirements!! Check out the LIVING WAGE CALCULATOR  BY CAREY ANNE NADEAU, OPEN DATA NATION, updated 12/22/2019.

This episode features Sarry Ibrahim, MBA, LTCP.  His information is highly anticipated and carries great value.  Build your wealth, but protect it!!  Follow along has Sarry shares his approach to both holding and growing your wealth!!

Please guys and gals. Use this technology to your advantage. Some things are extra...some things become instrumental if you are running this operation by yourself.  Either way...be an expert at what you do...or stop wasting your time.    There's always the option to let the experts do their thing and you do what you're good at.   Have you really thought to consider what it is that you are good at??