Is it Armageddon already?

Why the dramatic subject line? Is the world really coming to an end? Let's review some 'current events' and you can be the judge:

First up for review is the fact that commercials are being run on television in Stockton, CA by lenders in the area stating that if a homeowner is in foreclosure, the lender will pay the homeowner up to $1,000 NOT to destroy the home before the sheriff comes to kick them out.

The lender's paying the homeowner not to tear up the joint. Savages!

Next up? The Rock, Paper, Scissors Champion of the World was declared this week. THAT made headlines? We're facing the largest credit crisis in history and we're forced to read about someone's ability to stick up their fingers and win a trophy???

The real reason Armageddon is nigh? Tyra Banks won an Emmy for "Most Informative Talk Show". 'Nuff said.

There's a point to these events, however.

Your focus dictates your direction in life. If you go through looking at trivial matters, at comments people make about how you can't succeed in real estate, at things which won't generate leads or get you closer to the closing table...you'll never truly become the Real Estate mogul we talk about each week!

Eliminate distractions in your office, your home, your life...and begin today focusing on what truly matters most – living the Real Estate Lifestyle you deserve!


To Your Real Estate Success,

Jim Canale

PS – To hammer the point home, Tyra once said, "I close my eyes while driving and just sing along. I always open them again in time." And she's got an Emmy sitting on her mantel. Makes you wonder what constitutes "Most Informative", huh?

If you'd like to hear something truly informative, listen to the #1 rated radio show in its timeslot for time spent listening (a full 47 minutes) online and on demand at www.realestatelifestyle.com/podcasts.aspx.

The chickens have come home to roost!

Ever heard of "Operation Malicious Mortgage"? If so, you're either 'up' on your current events, or you're one of the 400+ people in the real estate industry who've been indicted by the Justice Department for mortgage fraud.

How so, you ask?

These folks lied (let's be honest) about their income or assets, forged documents, inflated appraisals, or lied about the property being purchased for "Owner Occupant" use.

Wait – you mean all those people who bought 5 properties in a month as investments and then told the mortgage lender that they intended to live in each one of them and then the appraiser all said they were worth WAAAAAY more than the HUD-1 said at closing and when the lender gave them a 90/10 no doc ARM...

...you mean all that was against the law???

But, isn't that what most "gurus" said from stage was OK to do because they were doing it to???

And now the chickens have come home to roost.

The good news to all of this? That you don't have to worry about the FBI knocking on your door because you listened to me when I told you that this stuff would come back and bite them in the ass, right?

I guess some times it pays to listen to the folks who are actively buying property with integrity instead of those who just pay lip service to it all (and judging from how hungry the FBI is to get these guys...sounds like they're going to pay more than lip service!)

About time...

 

Your Real Estate Success Coach,

Jim Canale

 

Keep Score!

I expect a certain amount of mindless drivel when I read newspaper articles. I've even posted recently about how the media claims the world is coming to an end, that we're running out of everything, and how the filthy rich are to blame for most of it!

It's the alarming new stories I read each day about how children are not allowed to play sports which "keep score" or "have winners and losers" that really makes my blood boil, though. How does this apply to you, my friend? Lemme 'splain it to ya…

Kids who are taught NOT to keep score will assume that's real life and grow up thinking that way:

• That their check ledgers for their checking accounts don't need to be kept up to date. (Isn't that just another way to keep score?)
  
• That the lender won't do anything more than tell them to "do better next time" when they're late with their mortgage payments.
  
• That profit in any form is a bad thing and that for one person to succeed, someone else had to fail.
  

The fact of the matter is that no one has put a fence around the moolah you can make in today's Real Estate market! No one has staked their claim saying, "This is all mine and you can't have any of it!"

The cashola you receive from properly buying and selling a property in pre-foreclosure (for example) is the direct result of the attention to detail, discipline, and know-how that you put into getting the deal in the first place!

• The seller didn't have to lose anything (in fact, you probably kept them from losing their home AND losing sleep over it, right?)
  
• The lender didn't lose anything except a non-performing asset.
  
• The closing attorney, title company, etc didn't lose anything (rather, they gained more business by handling the paperwork).
  

And of course YOU didn't lose anything either – you gained in experience, profit, and helping your fellow man all at the same time!

(And as an aside – that whole "everyone should be equal and share everything?...Yeah, that's Communism in case you didn't recognize it – and it's been proven not to work.)

So I urge you, dear reader to keep score! Make sure you come out on the winning team, that your business is a winning investment of your time and energy, and that you create winning situations whenever you can! (With the exception of your competition, but we'll talk about that next time.)

To your unbridled success,

Jim Canale

Light Bulbs and Starvation

Recently, I decided to watch local television (what I refer to as the "peasant channels") in order to make sure I was talking about the subjects most needed by a lot of investors. Here's what I discovered, according to my local news:

1. We're running out of food.
   
2. We're running out of energy.
   
3. Gas prices are unaffordable by anyone's standards.
   

In short, the world is coming to an end!

Gimme a second to wipe the tears out of my eyes from laughing so hard to explain something to you about the 3 points mentioned above:

1. Food: When you go to the grocery store, what do you see on every single shelf? FOOD – in mass quantities. In his book called "The Science of Getting Rich", Wallace Wattles talks about the fact that when you run out of something or use up all you have of something, more will be provided...And it always is. We grow more, we import/export more, and we go right on eating and living. It's only those who can't concentrate on creating excess in their own lives that create false worry in others by painting a picture of famine. What do you think that says about their bank accounts as well? Poverty in the mind breeds poverty in the bank!
2. Energy: There's a commercial out right now by BP (British Petroleum, the gas/oil company). You know the one where they're "interviewing" people on the street and they give some BS answers about energy like:
   

• "These oil companies should be finding new sources of energy instead of just oil."
  
• "The oil companies should diversify."
  
• "What will we do when the oil runs out???"
  

This is a problem! It was people like that who waited for Henry Ford to create a car for them instead of inventing one themselves! Or those who waited for Edison to craft the light bulb instead of making one and selling it to the world! Or who sat around while Ben Franklin made the lightening rod that you see on buildings everywhere instead of inventing their own. Too many people wanna wait for someone else to fix their problems rather than owning up to them and getting out of the mess themselves. Why do you think our current foreclosure rate is through the roof?

1. Gas prices: How much do you hear about Warren Buffet complaining about the price of gas? Or Bill Gates? Or Donald Trump? Or Robert Kiyosaki? Or me? Betcha most wealthy business owners don't even know how much gas even costs right now! Not because they don't care (well, partly…) but because they're concerned with making more money rather than worrying about how/where they spend it.
   

   Your thoughts betray what you keep at your core. If you worry about losing money, you will. If you concentrate on creating more, you will.
   

Next time you hear someone talking about us running out of food, picture any US citizen on one of those "Feed the Children" commercials. It's foolish to even think of because we're all getting so fat, overweight, and obese, right?

Our nation's main concern right now is running out of financially conscious individuals who can create profit where there appears to be none and teaching others how to do the same!

That's what my personal mission is, and that's why I love to teach people how to become wealthy using Cashflow Real Estate as a vehicle. I'll teach you how to do it too at my FREE Real Estate Lifestyle Training Events. Click here to find out when the next one's are.

In the meantime, the next time someone complains about how much a gallon of gas is worth, tell them go find someone else to complain to!

Your Real Estate Success Coach,

Jim Canale