Trading Time for Dollars
Sadly, the world we live in often leads to trading our time for dollars.
Many of us fall into this trap of believing we must go to work for someone else, put in long hours and endure much stress to collect a paycheck from week to week in an effort to make ends meet. The reality is we are merely helping someone else advance their goals of wealth creation though. We are helping them to go on exotic vacations, live in a beautiful house, drive a fancy car, etc. etc.
You know that old saying that “life isn’t fair”? While that may be true to an extent, options do exist to build your own wealth. You’ve probably also heard that “timing is everything…”
While unemployment rates may be declining, they simply aren’t dropping fast enough. Last September (2011), the U.S. Department of Labor Bureau of Labor Statistics reports an average of 9.0% unemployment for individuals 16 and over. This September (2012), that rate dropped to 7.8%. That’s a far cry from great or even good. Look around you. It’s likely that you or someone you know is struggling financially from month to month, week to week, or even day to day. That financial burden can weigh you down physically and emotionally, wreaking havoc on your own health as well as your relationships with family and friends.
So how do we put a stop to this madness?
Real estate investing is a classic example of a means to build wealth. Some of the wealthiest people in the world created their wealth in real estate. If you talk to 10 different successful people about how they created their wealth, it’s likely most if not all of them will respond with real estate investing. Some are even willing to share their success secrets.
Real estate investing is a hot topic for many reasons these days. The economic climate is heating up with potential – from low mortgage rates to rising home prices and demand. While this opportunity exists, unfortunately many of us will continue to cave in to trading time for dollars because we fail to recognize the options, we don’t know how to get started in real estate investing, or how to continue in the direction of achieving wealth.
There is a way to set yourself up for a greater probability of achieving success though – by learning from the successes and pitfalls of others. Possessing the desire to become successful and seeking out the assistance of others with a proven track record in the field could be the biggest difference maker. Take the Clothier family for example. Kent Clothier, his brother and their father all personally invested in real estate. Kent discovered a “wholesaling strategy” that he could repeat over and over again, shared the strategy amongst the family, and together they built a thriving residential real estate business (MemphisInvest.com). Over the past eight years, the MemphisInvest.com team grew into one of the largest residential real estate companies in the country, and now they’re assisting other would-be and current real estate investors with their proven investment systems through Real Estate Worldwide, Inc. What’s the moral of the story? You can put an end to trading time for dollars too and start enjoying what other real estate investors have come to learn: success is possible in any market.