"The market is more important than the property."
― Ken McElroy.
They say the top three rules of real estate investing are:
Where you buy is more important than what you buy! A mediocre property in a strong market is going to do well. A beautiful property in a bad market is likely to lose money.
PS. Do you want more information on this? I have a Free Live Training that gives you the 7 Factors of a Money-Making Property Market.
There are two main ways to lose money in a real estate investment: invest in the wrong vehicle (for you) or invest in a bad vehicle. Both are the result of a lack of education. Without education, you will not be able to tell a good deal from a bad deal, or a good deal for you from a bad deal for you.
A while back, I had the pleasure of interviewing Barbara Huson (formerly Barbara Stanny), author of the books Secrets of Six-Figure Women, Overcoming Underearning, Sacred Success, and Rewire for Wealth (among others).
Check out that interview here: Barbara Stanny Interview
Even though Barbara was the daughter of Richard Bloch, the “R” in H&R Block, and grew up very wealthy, she was never taught anything about money. Her father didn’t think it was a woman’s place to deal with money.
As a result of her father’s attitude, she grew up wealthy and blissfully ignorant, and married a man whom...
“We not only dream, we do. We not only see what has been, we see what can be. We shoot for the moon and then we plant our flag on it. We are bold, fearless, and ambitious.”
― Kamala Harris.
Congratulations to our first African-American, Asian-American and female Vice President, Kamala Harris. Thanks for breaking through that glass ceiling and showing little girls and boys all over the world that anything is possible.
Your intuition is the second ingredient of the Goddess secret sauce. It’s particularly strong for most women, and it’s one of our most powerful tools. I call it the GPS for your life.
Have you ever had an intuitive sense about someone or something? Maybe you heard a voice that steered you in the right direction? Or you "just knew" something was the right decision or you knew that it was wrong?
Several years ago, I had an instant liking to a man I met on a blind date. I felt a strong feeling for him even before he spoke. I “just knew” instantly. That man is now my husband.
Intuition is very real and tends to be particularly strong in women. It’s a gift that we have, and it’s extremely valuable for your investing (or anything else in your life).
Your intuition is the culmination of various instantaneous mental processes including automatic processing, subliminal priming, implicit memory, heuristics, right-brain...
"Success in real estate is not like winning the lottery, it takes work."
― Monick Halm.
I have a friend whose grandmother gave her lottery tickets for every special occasion. Each birthday, Easter, and Christmas card had a lottery ticket tucked inside. She told me once of all the dreams those lottery tickets inspired - vacations she would take her grandmother on, the home she would buy, the ideas she could pursue. Too often, our businesses suffer from lottery ticket syndrome. We have ideas, inspiration, plans about what we’re going to do, and build, but we don’t set out to actually DO it.
The real estate business is a tough teacher, and there is one lesson that has been hammered home for me over and over again: Success in real estate is not like winning the lottery - it takes work. It’s so important to dream, to picture where you want your business and your life to go, but it’s also important to take action.
There’s good news, though. The...
Pleasure is the first ingredient of the Goddess Secret Sauce. For women, it is CRUCIAL to follow our pleasure. If you find that you have to “man up” or “muscle through” something, almost certainly you’re coming from a masculine place and are NOT going to be happy with the results.
It’s not to say that you will never need to engage in things you would rather not be doing. If that were the case, I would never commute anywhere, help my daughter with her homework, work on my taxes, etc.
You still need to do the work, but adding pleasure to your life/real estate investing will help make the journey a joy.
There are 3 ways to add pleasure to your real estate investing. I call these the 3 Blissciplines.
It doesn’t have to be real estate related. Maybe it’s getting a manicure or massage. Maybe it’s sitting in the sun and meditating. Maybe it’s watching your favorite movie....
Not all advice is good advice!
Often people are giving you advice based on their own experience (or lack thereof) and/or opinions. Often they’ve never even had experience in the area they’re trying to give you advice about, to their advice will not be that applicable or helpful to you. Or sometimes people are coming from a place of fear, so their well-meaning advice might have the intention of keeping you safe, but will have the effect of keeping you small.
So we encourage you to be selective about the people you take advice from. We recommend taking advice only from people who are already succeeding in the field that you hope to be succeeding in. They are already in the arena, they are doing the work, and they can speak honestly to their experience and how it can help you.
Anyone else has the potential to negatively impact your journey before you even begin, or give you advice that doesn’t apply or will hold you back.
Be selective about the people you let into your...
"Doing everything 'right' does not equal happiness."
― Monick Halm.
Maybe you can relate… My parents always told me I could be ANYTHING I wanted ...so long as it was a doctor, lawyer, professor, or engineer. They meant well. That was their definition of success.
Being a “good girl”, I dutifully graduated from an Ivy League law school. But as a lawyer, the slow itch of dissatisfaction started creeping up.
Truth be told? Before long, I was full-out miserable.
But I did what I thought was “right” until one Tuesday morning, in seemingly “perfect” health - it happened:
The crippling pain.
The frantic drive to the hospital.
The panic about what was wrong with me.
And then? A 9-day stay in the hospital and 30 days at home to recover from an emergency appendix rupture.
But here’s the truly tragic part- when I was first told that I had appendicitis and would have a hospital stay plus at least 30 days at home afterward to recover, I didn't feel...
Are you in a rut? Going through the motions? Checking off the to-do list just because that’s what you’re supposed to do?
If reading that sentence made your heart sink in recognition, or you breathed a sigh of relief that someone else said it, know this: you are not alone.
We can feel overwhelmed at any time because we’re doing and balancing a lot. But there’s good news. We’re here for you. We’ve been right there in your shoes. And we’ll be right here, with our hands reaching out until you’re feeling fabulous, fun, and right back on track.
But where do we start?
When I feel stuck, I focus on things that I know have a HUGE impact, three of which are listed below:
Moments of fun, delight, and/or self-care never fail to revive me. When we're in a major rut, it's easy to forget to do this (or gasp! think we're too busy), but that's when we need pleasure breaks the most!
"When I dare to be powerful — to use my strength in the service of my vision, then it becomes less and less important whether I am afraid."
― Audre Lorde
YES! Dare to be powerful, dare to go after the life you’ve always wanted, dare to live financially free. Don’t let your fear get in the way of the life you’re MEANT to live! You got this, goddess!