“I recommend that individuals & small businesses read Travis H. Brown’s book “How Money Walks” & call me with your numbers to see if moving can reduce your income taxes & in essence pay for your Florida property. Exchange your taxes for a luxury residence, business or commercial-investment property.”
Most professional books that are on my bookshelf are not what I would call recreational reading. It seems to me that a better idea would be two different categories of reading, professional and recreational book lists.
PROFESSIONAL READING LIST
- The Wall Street Journal
- John Mauldin’s weekly investment & economic newsletter, “Thoughts from the Frontline”
RECREATIONAL BOOK LIST
- The Choose Yourself Guide to Wealth by James Altucher
- The Miracle Morning, the Not-So-Obvious Secret Guaranteed to Transform Your Life Before 8AM by Hal Elrod
- Transitions, Making Sense Out of Life’s Changes by William Bridges
This post will be updated periodically.
Are you really a real estate investor?
My goals usually involve significant outcomes which are given traditional project management type dates for achievement. This is then translated into tasks for completion. The best method I have found for maximizing my time is to be focused like a laser on what I want. Then I take the very next 3 tasks to complete every day. Before you know it, you’ve got progress. The project management of holding other people accountable for their work & deadlines is formidable. It’s like herding cats in 3D. Any method I can find that I believe is a more efficient or better way to do something or get something done is worth consideration.
If you are like minded, you may want to check out my new system after it’s launched. Since we’re now in the midst of hurricane season, I hesitate to state that something will be done by a certain date when “acts of God” may be involved. That little clause in most contracts has saved many a party who was accountable to me. Last year was particularly trying because of complete changes in virtually every area of my life, with what seems in hindsight to have been dealt with by my having to do the thinking for all. Everybody is dealing with constant change. Unfortunately, because our time as humans is limited, we really do have to choose what we want out of our life. Your time is literally your life. You can’t do everything or be everything. So you have to choose the most important according to your values. Hopefully you are able to locate great teachers & mentors.
These days the prognosticators state that people don’t want to have to think about anything to make a decision. There’s too much research, thinking, understanding & acting involved for most people. Since my business is literally thinking & making decisions constantly, I have more than 30 years of investment transactions & project management to draw upon, which is why things may appear to be easy. It’s not. However, it does become like a sixth-sense ability to handle the challenges that occur. It’s expertise.
A potential way to multiply the time you have would be to add yourself to my networking lists of buyers, sellers, owners, etc. This is a very different real estate market.
We are currently experiencing major disruptions in all things real estate related, nationally as well as in both Florida & Arizona as we begin 2013. (And more of the same in 2014.) It remains to be seen whether the government’s legislative & executive branch actions taken over the past 5 years will produce different results or more of the same resulting in a lingering malaise. The interactions between laws, regulations & reality in banking, finance & real estate are increasingly looking to me like re-arranging the chairs. It’s work for somebody. But it makes my work increasingly difficult (as other small business people can relate) as a result of not wanting to spend entire days doing nothing but busy work. At some point, real work must be done. That means bringing more chairs (small businesses) into the game. Those who think that everything in life is of a finite amount (as in zero sum game) will continue to rearrange the chairs with no understanding of why things are not changing for the better fast enough.
If you’re into economics, I would recommend George Gilder’s book, POWER & KNOWLEDGE. It’s the explanation that people can feel but can’t put into words. Here they are. I’d recommend that every person running for public office read this book. By the way, I think we are getting more of a “lingering malaise.”