|Getting Rich Quick In Real Estate
A wise man once said, I got rich quick once and it only took me 60 years to get there!
Getting Rich Quick, that's what we hear all the time. The newspapers, magazines, TV, and
radio espouse the idea constantly. One guy got rich in his underwear, another did it by being lazy.
It's taught through seminars, infomercials, books, and tapes. One infomercial Guru loves to parade
several very nice looking folks holding up big checks. You see them sitting under palm trees by the
pool, holding drinks with little umbrellas, smiling, and laughing. Meanwhile you're at home wondering
if you have enough credit left on your charge card to pay for your kid's birthday party at the
Chucky Cheeses Pizza joint.
At one time or another we have all fantasized that it could be us winning the lottery or
having the Publisher Clearinghouse Van & cameras come to our front door during the super bowl.
It's tantalizing imagining yourself on your Tom Vu yacht in the Caribbean or driving the new deluxe
Hummer model while others slave away at jobs they hate.
The question remains, is it possible that wealth is just around the corner ? Do people really
get rich quick in real estate or anything else for that matter ?
I found my financial freedom by learning and implementing the techniques of Lease Purchasing.
It was not get rich quick, but rather a slow and steady get rich slow formula. It doesn’t have to take
you a lifetime to accumulate or achieve fiscal solvency and security, but you do have to follow some
basic common sense rules.
- Do something you are passionate about: The greatest tragedy in the world is for people to
spend their lives working at a job they hate or to work for a company where management doesn't
appreciate them. I was fortunate. I discovered creative real estate at an early age and I loved it.
This is what I wanted to do.
- Obtain Specialized Knowledge: If you think books, tapes, and seminars are expensive then try
ignorance. Become a learning sponge. If you're on a tight budget, go to the library, log onto the
Internet, join your local investor club. Work with or for a Successful Investor. All successful people
have one thing in common, they are aware that they don't know everything and they must constantly
learn to stay on top of their field.
- Make a Plan: I know the sneaker commercial says "just do it", but how about putting
some thoughts on paper first. Throw out the day planner and get a simple calendar book. Make a list
of things to do, jot down your thoughts, take notes, make appointments and phone calls, and WRITE
YOUR GOALS DOWN and how you will implement them.
- Discipline: Success takes lots of discipline. You must be consistent in working your plan
every day - consistency equals success in what ever you do.
- Work Smart: Always ask yourself the question, am I really making money doing this or just
spinning my wheels? Is there a cheaper, quicker or just better way to accomplish what I want? You
can never make more time, but you can use your existing time more productively.
Example: I used to spend hours at the copy store. I found a great printer who not only picks up and
delivers, but one who charges me a lower price than the local copy store.
- Be Financially Aware: Create multiple avenues of cash flow. I learned that Lease Purchasing
(AKA Rent to Own) was just the way to achieve many avenues of income from a one niche concept.
Sorry, but getting rich quick for the most part is a tempting delusion. It could happen,
but it's not very likely. However, having said that, GETTING RICH SLOW is a realistic way to really
become financially free.
Moral of The Story: It's ok to want to become rich, just be willing to pay the price and
James A. Gage. is a best-selling author and internationally-known expert in Lease Purchase, AKA
Rent To Own Real Estate Investing and Negotiating. He Mentors One-On-One throughout the U.S. and
across the world. James is also director of the Gage Consulting Group, LCC , 800 Main Street,
Suite 104 Holden, MA 01520 . http://www.jgage.com
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