Issue #2048
- WEALTHY: How to generate massive, passive income as a real estate investor (Dave Lindahl)
- HEALTHY: Adverse reactions to a common "poison" (Jon Herring)
- WISE: Donald Trump on making deals
ALSO IN THIS ISSUE:
- A quick checkup on your business manners (Michael Masterson)
- "Speech" is not a four letter word (Virginia Avery)
- It’s Fun to Know… about the new $1 coins
- Add "affable" to your vocabulary
Your Personal Invitation to Join a Small Cadre Of “Freedom Fighters”In Our Nation’s Heartland This July!
Dear ETR Reader,
Coming this summer, Early to Rise presents a five day challenge for you, should you decide to accept it…
The stakes? Reclaiming your personal liberty… declaring your self-reliance… and seizing financial independence forever.
This July 10th to 14th, we’re going to take a small group of ETR readers and work alongside them to build your own Internet business – the whole shebang, from soup to nuts – in an intensive, 5-day, business-building program better than anything we’ve done before.
You’re going to walk in with nothing – no product, no marketing skills, no technical know-how – and you’ll walk out with your own online business.
What you will learn flat-out works. You will build a professional, popular, and profitable Internet business. When you walk out the door, you’ll be super-prepared for success in a way that very few entrepreneurs ever are, online or off.
ETR’s “Five Days in July” Internet Business-Building Workshop is going to deliver success. Actually, it will OVER deliver. And your success, of course, is the bottom line. Sound good?
Okay, then let’s get going… let’s build something that WORKS… your own, REAL Internet business.
It only takes a few minutes to take that first key step. Find out how easy it is to join us and get all the details here.
Looking forward to seeing you there,
- Patrick Coffey
"I don’t make deals for the money. I’ve got enough, much more than I’ll ever need. I do it to do it."
Donald Trump
Own an Income-Generating Building – Without the Hassle of Dealing With Tenants
By Dave Lindahl
The true goal of every real estate investor should be to create massive, passive income as soon as possible. "Passive income" means money that comes to you month in/month out, without your having to do a thing to get it.
How can you accumulate massive, passive income quickly?
Well, if you went out and bought a couple dozen single-family houses and rented them out, you would create a decent income. Good, but not great.
It’s going to take you a little time to find all of those deals, and then you would have to manage all of those tenants.
But what if you had a couple dozen units in the same building? Then you would only have to find one deal to create a great passive income.
I know what you’re thinking: "Oh no, not apartments! I don’t want to deal with the tenant hassles!" And I agree with you. You shouldn’t be dealing with any tenants. Wouldn’t it be better if you could just sit back and collect checks while someone else handles the management headaches?
Those people are called "management companies," and they make a living by shielding investors from the day-to-day maintenance of their properties. That way, people like us can go out and continue to do what we do best: Find more properties and create more cash flow.
This is a lesson I learned early on in my career, and it has made a huge difference in my life ever since. I stumbled on it almost by accident.
I noticed that the guys in my local real estate investment club who seemed to be doing the best owned apartment buildings. So, at one of our meetings, I pulled aside one of the most successful of these investors and I grilled him. I asked him how he could keep up with so many units. I’ll never forget his answer.
"Dave," he said, "in this business, you can either be a landlord or an investor. A landlord deals with toilets, trash, and tenants. And he makes landlord money. An investor, on the other hand, is the head of his own company. He makes CEO money, and he deals with travel and Tahiti!"
I began to understand that if I was going to grow my business the way I wanted to, I’d have to give up landlording (gladly!) and learn how to find good management companies… so I could continue to build my business by finding more good properties to invest in.
You may be thinking, "Wait. Aren’t management companies expensive?" Management companies are paid a percentage of the gross collected rents, somewhere between six and 10 percent. But if you factor this cost into the deal from the get-go – and the property still cash flows – you’ve got yourself a winner.
Not only have you found a property that will get you one step closer to true personal freedom, you won’t have to come in contact with a single tenant.
"But," you may ask, "don’t the management companies nickel and dime away all of your profits?" While it’s true that there are some bad management companies out there, you can find a good one if you follow a few simple steps.
Go to irem.org. That’s the website of the Institute for Real Estate Management, a great resource. Go to their search box and search for a Certified Property Manager (CPM).
CPMs are people who have taken time out of their busy schedules to take a series of courses to improve their management knowledge and skills. Upon completion of the required material, they take a comprehensive test. If they pass, they are awarded the CPM designation.
These managers are the cream of the crop – the ones you want to have managing your properties. They will do all the work for you, and send you a summary report each month to let you know how your property is performing.
The only thing left for you to do is cash your checks… while you’re out finding more properties for your portfolio!
[Ed. Note: David Lindahl began investing in multi-family properties with virtually no money and no credit nine years ago. Today, with over 3,000 rental units nationwide, he is known as the "Apartment King." In a FREE live Teleseminar on May 29th, Dave will show you exactly how he did it. Capacity is limited, so access can be guaranteed only for the first 150 people to register. To assure your spot, register for this FREE Teleseminar now.]
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Good Manners and Success
By Michael Masterson
Despite what some pundits have said, making people like you is not the secret to success. In fact, there may be an inverse relationship between affability and accomplishment. If you spend too much time and energy trying to please others, you won’t get your own work done.
There is, however, no reason for arrogance and no possible excuse for rudeness. With a little extra care and attention, you can attain everything you want in life – reach your goals and accomplish all your objectives – without making people dislike you.
How do you get what you want without offending others? The answer is simple: with good manners.
Here’s a quick checkup on your business manners.
- Do you smile and say "hello" to everyone you meet each day?
- Do you listen attentively when others speak?
- Do you refrain from raising your voice or losing your temper?
- Do you say "thank you" every time it’s warranted?
- Do you know the first and last names of all those who work with you?
- Do you criticize carefully and in private?
It’s surprisingly easy to forget your manners as you climb the ladder of success. With each step up in power and prestige, it’s easier to ignore a courtesy or take one without thanks. If you don’t watch yourself, you can turn into someone you wouldn’t like.
[Ed. Note: The above article was excerpted from Michael Masterson's book Automatic Wealth for Grads… and Anyone Else Just Starting Out. Get the book to learn the details... plus much more.]
13 Reasons to Avoid Aspartame
By Jon Herring
I recently received the following e-mail from AB, an ETR reader:
"Dear Jon: I like your write-ups about the chemicals in our food. My dad recently discovered that the aspartame in Diet Coke was killing his liver. He did a lot of research and found that the FDA approval of aspartame was dubious, to say the least. I know you’ve written about aspartame before, but I think you’d be doing a great service to all of your readers if you could write a detailed and convincing case about the dangers of aspartame. I believe there is also an appetite stimulant in Diet Coke, but I’m not sure if it’s aspartame or something else. There are millions of Diet Coke drinkers that have no idea how badly they are injuring their bodies."
As I discussed in ETR #1498, it has become fairly well established that the chemical sweetener aspartame is a carcinogen. And in ETR #1464, I explained that it also boosts the appetite, causes carb cravings, and has never been shown to assist weight loss.
Could this chemical also be responsible for AB’s father’s liver condition? I have no way of knowing, but it is certainly a possibility. Whenever your liver is forced to filter and metabolize a poison, it can be damaged. And there is no doubt in my mind that aspartame is just that, a poison.
For many years, the FDA has been aware of the problems with aspartame. In fact, the FDA once actually published a list of 92 (yes, 92!) side effects and reactions to this chemical. Here is just a sampling of the FDA’s list:
- Headache and dizziness
- Abdominal pain and cramps
- Change in vision
- Seizures and convulsions
- Fatigue and weakness
- Change in heart rate
- Difficulty breathing
- Oral sensory changes
- Joint and bone pain
- Blood glucose disorders
- Blood pressure changes
- Difficulties with pregnancy
- Change in sexual function
I’ve said it before and I’ll say it again: If you crave something sweet, use the all-natural herb stevia. You can buy it at any health food store in a liquid or powder form. It’s sweeter than sugar, has no calories, tastes great… and it’s safe.
Reader Feedback: "A better idea for responding to the newest FDA proposal."
"Here’s a better idea for responding to the newest FDA regulatory proposal: write to your elected officials.
"The FDA is directly funded by Big Pharma and not easily swayed by public opinion. It is much more likely that you can gain the ear of your elected representative than the FDA.
"Love Jon Herring’s articles. They are topical, well researched, and insightful."
- Connie Gipple
Chicago, IL
Watch Your Language!
By Virginia Avery
Whether or not people are paying money to hear you speak, they are certainly paying with their valuable time. They are there to be informed, uplifted, and inspired by you… so keep it clean!
Swearing lowers the tone of your entire presentation, and that’s not the only reason it’s a bad idea:
- It shows a lack of good taste, and may offend some people in your audience.
- It displays a paucity of thinking.
- Swear words from the platform still have enough shock value to stop your listeners cold. They miss the next few words you say.
- It could cause you to lose credibility. Intending to sound informal, you appear merely adolescent.
- Most of all, it does nothing to inform, uplift, or inspire.
Using swear words may make you memorable, but for all the wrong reasons. If your intention is to be forceful, use your voice for emphasis or repeat the phrase you wish your audience to remember.
[Ed. Note: Virginia Avery is a communications specialist who has trained thousands of individuals to make more dynamic presentations. Become more confident and persuasive in just two days with her Presenting Yourself Professionally workshop.]
It’s Fun to Know: The New $1 Coins
The United States Mint will be issuing coins featuring the images of all the American presidents in the order they served. The first one – with George Washington’s image – was released to the public on February 15th, in honor of President’s Day. The second one – with John Adams’ image – is officially being released today. Next up, Thomas Jefferson.
(Source: U.S. Mint)
Start Making Money Today
Interested in getting a nice little side-business going on the Internet? Or maybe even from your living-room table?
But you don’t have too much money, you don’t have too much time, and you’re not exactly Bill Gates when it comes to technology. Sound familiar?
A lot of people are in the same boat. The good news is that ETR has heard you. And now we’ve done something about it…
We’ve asked our colleague Marc Charles to be on the lookout for profit opportunities that can be run from a kitchen table, your desktop or out on the road.
Criteria? They’ve got to be inexpensive, easy to start, and still have great income potential, but without a lot of red tape.
They say when you’re first getting your feet wet with a side-business, the most important dollar to make is the first one. Well, Marc is an expert at taking beginning entrepreneurs and showing you how to make that first buck. He knows, because he’s done it dozens of times for himself, his family and his friends.
If you’ve been dreaming about starting your own business… now you can get started for about the price of 2 lattes.
And get this – you could be making money literally just hours from now. Imagine the feeling of finally getting a side business launched – TODAY!
- Patrick Coffey
Word to the Wise: Affable
Someone who’s "affable" (AF-uh-bul) – from the Latin for "to speak to" – is friendly, easy to approach and talk to.
Example (as I used it today): "Despite what some pundits have said, making people like you is not the secret to success. In fact, there may be an inverse relationship between affability and accomplishment."
[Ed. Note: Become a more persuasive writer and speaker ... build your self-confidence and intellect ... increase your attractiveness to others ... just by spending 10 VERY enjoyable minutes a day with ETR's new Words to the Wise CD Library.]
Michael Masterson
Copyright ETR, LLC, 2007
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