Do I believe things are bad right now? Yes, but do not mistakenly take this to mean I see no opportunity or reason for starting a business or continuing to invest. There is ALWAYS opportunity, and during times of massive change, there is even more. This is a great time to prosper and grow for the future. It will be tough. Success will be hard won. Guess what…that’s the way it’s always been.
Buying a piece of real estate as an investment now is trickier than ever. But impossible? Are you kidding me? Perhaps you’ll need to crack a book and learn how to put a LP together. Maybe you’ll need to network with some other investors and learn new skills. Maybe it’s time (it IS time) to meet with a damn good CPA for a new tax strategy. It’s time to adapt, learn and grow. Why? Because everyone else is broke or going broke, and they’re using that as an excuse to freeze up, including many of your political leaders. When the deck is stacked against you…that’s when you stand to win big. And what you win will be true wealth, not some fake 401(k) balance that is doomed to vanish as soon as the market corrects.
It’s time to learn how to actually build a business. It’s time to study and become a competent investor. You are your own best advocate. Get to it! Stop handing your money over to dummies with a financial advisor license. How many of us give money to a financial advisor who has less money than us? These times are over. We are accountable to only ourselves.
Fear is the enemy…and it’s a nasty presence in our state right now. A lot of people are afraid. It’s not helpful to freeze up in fear, no matter how understandable it is. In a moment of crisis, whether it’s an economic meltdown like we’re witnessing or a robbery, or a house fire…some of us rise to the occasion and are heroes. And some of us succumb to the flames. Not because we deserve it, but because we froze up in fear. Don’t freeze up. “Go crush it”, to quote my newly found mentor Gary Vaynerchuk. Get out and create value for people, get educated on how to build, invest and grow. Start living, because the downward pressure on all of us is increasing. Whether you see it or not, admit it or not, whether you believe it can happen or not, America is headed into a real crisis…one that we WILL come out of, and when we do some of us will be quite the better for it. Fortunes are being made as we speak. If you wonder how to get rich in a time like this, the only answer is to go out and create real value for others. If you freeze up in fear and only think about the negative, you won’t be able to do that.
Never have the words of Zig Ziglar been truer, “You will get all you want in life if you help enough other people get what they want.”
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