Champion Media Worldwide: The Biggest Investment You Will Ever Make by Robert Smith
Beverly Tabbs
December 31, 2007
The Best Investment You’ll Ever Make by Robert Smith of Champion Media Worldwide
www.championmediaworldwide.com
This one may be worth printing off and tacking up on your wall.
Here in Northern Illinois, and across the stateline, real estate prices are going nuts. To my jaded eyes, of course it’s a bubble. When anything doubles in price for no logical reason, there are weird and highly-suspicious market factors in play.
This time out, at least, there are some traceable reasons for the explosion. Ridiculously low mortgage rates, for example. Less logcial: The fiddling with adjustable rate mortgages and seconds, essentially gambling a bit to put yourself into a bigger house than you would have thought you could afford.
Everybody likes a bigger house. Status. More room. There are always excuses for having more. However, much of this sky-rocketing rise in prices just leaves me cold. Why is a house that was “worth” $210,000 a year ago now “worth” $490,000? Did God come down and give everybody on the West Coast a raise in take-home pay or something?
If so, I missed hearing about it.
In 2000, people were seduced by “easy” profits in the stock market, and I almost invested a lot of money. Today, people who cannot tell you how much is in their 401-K accounts are buying second and third and fourth properties, using refinancing to get the down payments, and becoming landlords. Of course, finding renters who can cover the mortgage payments will be tough (or impossible), so it’s all negative cash-flow.
No new job, no big sudden raise in pay, no rich uncle dying and leaving a fortune. Nothing has changed for many of these people… except that they see prices going through the roof (literally), hear about friends getting filthy “rich” slinging real estate deals right and left, and don’t wanna miss out on the “easy pickings”.
Personally, I hate that kind of risk. It’s not just hard work, doing all the looking and figuring out insurance and inspections and researching city codes and sewer assessments and writing all those humongous checks.
Anyway, the biggest investment you will ever make isn't in your house or your business. It's between your ears. The more you know equals the more you can become which means you can do more and earn more.
You can learn by reading books, listening to audio CDs, finding a mentor, attending seminars, etc. I think attending seminars gets the best results because you will meet some very interesting and successful people. Think about it. If you attend a $5000 per person seminar and there are a hundred or so people there then you can network with people who invest a lot of money into themselves and if you offer something that can help them you have a good chance of getting new clients.
Some of the best seminars that I know of are put on by Jay Abraham, Peter Lowe, Chet Holmes, Harv Eker, Robert Smith, Les Brown, Jay Levinson, and Bill Bartmann. Each seminar is worth the investment.
Robert Smith is founder of Champion Media Worldwide. www.championmediaworldwide.com
www.championmediaworldwide.com
This one may be worth printing off and tacking up on your wall.
Here in Northern Illinois, and across the stateline, real estate prices are going nuts. To my jaded eyes, of course it’s a bubble. When anything doubles in price for no logical reason, there are weird and highly-suspicious market factors in play.
This time out, at least, there are some traceable reasons for the explosion. Ridiculously low mortgage rates, for example. Less logcial: The fiddling with adjustable rate mortgages and seconds, essentially gambling a bit to put yourself into a bigger house than you would have thought you could afford.
Everybody likes a bigger house. Status. More room. There are always excuses for having more. However, much of this sky-rocketing rise in prices just leaves me cold. Why is a house that was “worth” $210,000 a year ago now “worth” $490,000? Did God come down and give everybody on the West Coast a raise in take-home pay or something?
If so, I missed hearing about it.
In 2000, people were seduced by “easy” profits in the stock market, and I almost invested a lot of money. Today, people who cannot tell you how much is in their 401-K accounts are buying second and third and fourth properties, using refinancing to get the down payments, and becoming landlords. Of course, finding renters who can cover the mortgage payments will be tough (or impossible), so it’s all negative cash-flow.
No new job, no big sudden raise in pay, no rich uncle dying and leaving a fortune. Nothing has changed for many of these people… except that they see prices going through the roof (literally), hear about friends getting filthy “rich” slinging real estate deals right and left, and don’t wanna miss out on the “easy pickings”.
Personally, I hate that kind of risk. It’s not just hard work, doing all the looking and figuring out insurance and inspections and researching city codes and sewer assessments and writing all those humongous checks.
Anyway, the biggest investment you will ever make isn't in your house or your business. It's between your ears. The more you know equals the more you can become which means you can do more and earn more.
You can learn by reading books, listening to audio CDs, finding a mentor, attending seminars, etc. I think attending seminars gets the best results because you will meet some very interesting and successful people. Think about it. If you attend a $5000 per person seminar and there are a hundred or so people there then you can network with people who invest a lot of money into themselves and if you offer something that can help them you have a good chance of getting new clients.
Some of the best seminars that I know of are put on by Jay Abraham, Peter Lowe, Chet Holmes, Harv Eker, Robert Smith, Les Brown, Jay Levinson, and Bill Bartmann. Each seminar is worth the investment.
Robert Smith is founder of Champion Media Worldwide. www.championmediaworldwide.com
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