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Issue #37 – Friday, April 22, 2011
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Dear [fname],
Everyone has a comfort level in which they live and work. That level is determined by several factors and can be changed with practice and time. We have a choice of what we do each day, how we spend our time and how much money we make.
This weeks article is all about thinking BIG! If you’re happy doing small deals and just getting by, more power to you…keep up the good work. BUT if you want to start making real money, then you are going to have to step it up, use your time wisely, and start focusing on what you can do to bring in the BIG bucks.
ALSO in this weeks Weekly Report…
Is your bank in danger of failure? Make sure you read this article and check to see if your bank made the list.
Planet Ron- Lauren and I do a little role playing to show you how to handle presenting offers and handling objections.
Ask Ron–Mario F. from Vancouver Canada has a question about Quick Start in a sellers market.
And check out this weeks Golden Nugget from American businessman Lee Iacocca.
I hope you enjoy this issue of your Weekly Report.
Peace,
Ron
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Get Out of Your Comfort Zone and Make Some REAL Money
by Ron LeGrand
Everyone has a comfort level in which they live and work. That level is determined by several factors and can be changed with practice and time. We have a choice of what we do each day, how we spend our time and how much money we make. This may come as a surprise to some people who are convinced their income is someone else’s choice, not theirs. Nothing could be further from the truth. Your income is the result of one thing and one thing only….
What You Choose To Do With Your Time.
“But Ron, you don’t understand. I have a job. I’m not in control of my salary, my boss is. He tells me when to come to work and how much I can make.” I guess you’re right. You’re not in control and maybe you never will be.
At least, not without a major attitude change. Listen, if you’re reading this article it means you know the opportunities available to you as a real estate entrepreneur. So if you’re still employed, you’ve chosen to do so. No one forced you. It’s your decision and therefore you have chosen to exchange dollars for time which is a sure-fire recipe for being broke.
Does this mean I think everyone should immediately quit their jobs and start doing real estate? Absolutely not. This business is not for everyone. Being in any business for yourself is also not for everyone. However, if you’re reading this, my guess is you’re not in that group. You want more out of life than a dull job and you want to see some real money for a change. Am I right?
Maybe you aren’t employed anymore and you’re feeling pretty smug because you’re now on your own flying free. No job! No boss! No traffic jams! No one giving you orders! Well, congratulations! But before you get too full of yourself maybe we’d better look a little closer. You see, there is a down side. You have no job which means no paycheck and no boss making decisions for you. You’re on your own to decide what you do every day and worse.
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Are You Spending So Much Time Making A Living
That You Can’t Take The Time To Get Rich?
~Ron LeGrand
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Is Your Bank One of the 459 in Immediate Danger of Failure?
by Sara Glakas
published on Investing Answers (www.InvestingAnswers.com)
Four times a year I take a break from my stock prognostication at StreetAuthority and let InvestingAnswers readers in on my secret list of doomed banks.
Banks teetered on the brink of collapse not long ago. We all remember the dark days after Lehman Brothers collapsed and it seemed like the lights on Wall Street would forever dim. With more than a year between now and that dark interlude, the conventional wisdom is that the system has been righted.
This is, unfortunately, incorrect.
The latest data from the Federal Deposit Insurance Corporation (FDIC), which insures U.S. bank deposits and keeps a very close eye on everything banks do, said its number of “problem banks” rose fourth quarter, to 884 from 860.
To put that in perspective, in normal times fewer than 100 banks are on the naughty list. So we’re at nearly nine times normal. And the thinking is that the crisis has passed?
Make no mistake: We are still in the middle of a very difficult and painful period in our nation’s financial history — one that will take years, if not decades, to recover from.
What’s the worst-case scenario? Bank failures. And last year was a high-water mark for them — the worst in a generation, with 157 banks going under. And while the agency thinks that’s likely the peak, the forecast doesn’t call for sunshine in the near future. Things are still bleak, although this year is faring slightly better: 33 banks have failed in 2011, a little bit behind last year’s pace.
Just to put that bank failures in context, I should point out that they’re generally pretty rare. From 1995 to 2007, about 60 banks failed — in total. Some years there were no bank failures at all.
Now, seldom a week passes without one.
You don’t need a doctorate in finance to see what’s causing all this: Bad loans
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Ask Ron…
This week in our Ask Ron series, one of our Canadian friends, Mario F., has a question on how Quick Turn works in a sellers market.
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Golden Nugget
The ability to concentrate, and to use your time well, is everything if you want to succeed in business–or almost anywhere else for that matter.
~Lee Iacocca
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Management and employee chain of command must be adhered to at all times.
~The Richer Life Management Philosophy,
by Rick C. Ernst
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We want to hear your success stories.
Send us a short video (about 3 min or less) and you might be featured
in an upcoming Weekly Report.
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Where in the transaction of buying a property do I put the home in a trust? At the closing or after