Wholesaling, is often marketed as a low-to-no cost way of getting into real estate investing and this can be true. A new, wholesaler, can certainly profit with a much lower initial cash outlay than a, real estate investor, who has to buy a property and rehab it.
In, wholesaling real estate, a real estate, wholesaler, contracts with a home seller, markets the home to his potential buyers, and assigns the contract to the buyer. The, wholesaler, makes a profit, which is the difference between the contracted price with the seller and the amount paid by the buyer.
What Exactly is Wholesaling Real Estate?
Wholesaling, is often marketed as a low-to-no cost way of getting into, real estate investing. However, the successful, wholesaler, has to have a firm grasp of what makes for an attractive deal – once you understand this process of , wholesaling, it becomes much easier and can be broken down into a serious of repeatable steps.
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My co-host today on this podcast is Trevor Evans.
Trevor is a Professional Speaker, Real Estate Investor, Retail Store Owner.
Speaker/Trainer for Rich Dad Education and Founder of Personal Awakening brand “Being Normal Sucks.” Trevor has also been married for 19 years and have 2 beautiful daughters ages 22 and 18.
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Investors ready to learn how to start, wholesaling houses, will be happy to know the process is not complicated. Here are a few simple steps to get started, real estate wholesaling:
Research your local market before getting started.
Find a realtor with off market discounted properties.
Secure a financing source that works best for you. This is usually a Hard Money Lender.
Begin searching for potential, wholesaling, properties by driving for dollars.
Decide whether to sell the contract or assign the contract.
What is a step by step plan to becoming a Real Estate Wholesaler?
Step 1: Create a Database of buyers:
Contact local Rehabbers and Contractors and ask them what kind of properties they are looking for to rehab.
You can find them at your local Chamber of Commerce or your local REIA
Ask them these questions.
1. What kind of properties are they currently rehabbing?
2. Type of properties they like to work with Eg. Single family or multi family?
3. What are they certified to work on? Eg. Are they certified to work on burn down or water damaged properties?
Step 2: Put an AD on Craigslist
Ask the following questions when you get responses to your AD
1. Is the property listed with a Realtor?
2. Are you speaking with the owner of the property?
3. Is the property in, Foreclosure, probate, bank owned, or free and clear
4. Does the property need rehab? If so what is the estimated cost of repair.
Step 3: Put together your power team which includes your Title and Escrow Agent.
If you structure your deals properly, you could use one escrow deposit for 10 properties!
In our first episode you talk about process. You said that setting up a process prevents failure.
What is the process for the real estate Wholesaler?
My friends at Connected Investors wrote this article on Getting started with, real estate Wholesaling.
Wholesaling, is often touted as the easiest entry point into the world of, investing in real estate. And financially speaking the barriers to entry are generally a lot lower, especially when compared to fix and flipping or buy and hold investing. Many experienced, professional investors have door-knocked and bandit-signed their way up the REI ladder without having more than a cell phone, gas money, and the will to WIN. read more …
• If you found this blog post inspiring, please Subscribe, Rate and Review this Podcast, then send me an email to info@myhelps.us with the subject line “podcast review” and I send you a free gift.
Free eBook: Wholesale Plan of Action Cheat Sheet
This cheat sheet was created by Connected Investors and goes into further detail on the Wholesaling steps.
Fear, is an, energy, and thoughts are the most powerful, energy, force in the universe. Thoughts can be either positive or negative.
Heading up the rear of, negative thoughts, is, fear. It is the bottom feeder or all the emotions.
If you allow, fear, to linger in your body and in your mind, It will not only attract the thing you, fear, the most into your experience; but it will also bring disease to your body.
All diseases can be traced back to, negative thoughts, or, fear. Negative thoughts, transform your body into an acidic state.
Fear, is a, negative thought, magnified to the 1000th degree.
In, fear, mode your body is activated in the fight or flight mode.
Your body tenses, your breathing is shallow, your heart palpitates, your blood pressure is elevated, your hands and body sweat.
Not a good place to dwell!
Unfortunately, your brain cannot detect the difference between your imagination and reality, so the person in the grip of fear cannot tell the difference. They cannot tell that, fear, it is “False Evidence Appearing Real.”
Using Positive Energy to banish Fear
Today I want to teach you how to use, positive energy, to clear the, negative energy, of, fear. But first I want to review one of the Spiritual Laws of the Universe.
We all know of the physical laws like, Gravity.
Some laws are physical and some are Spiritual and quantum.
Understanding the spiritual “Law of Sowing and reaping” can change your world.
Understanding that whatever you create it in the spiritual world of your thoughts will manifest in the physical world.
Put another way, that means whatever you plant in the fertile soil of your mind, will manifest in your physical world.
Just like planting an apple tree. Except that in the spiritual world;
The soil is your mind, The seeds are your thoughts,
The water are your actions,
And The sun is your feelings.
If you allow, fear, to dwell in your heart and mind every day you will manifest an apple orchard in your reality.
Energy flows where Attention Goes
Whatever you focus on expands.
Fear is Negative Energy
Everything is, energy, and all, energy, attracts similar energies.
You can't put out, negative energy, and expect positive results.
You can't plant apple trees and expect oranges.
Likewise, you can't focus on what you, fear, and produce a successful result.
If you are constantly thinking of the things you, fear, you are planting a seed and based in the universal Law of Reaping and Sowing, it must germinate.
The mind or consciousness is connected to reality.
Think of something strong enough or long enough to and it will eventually manifest in your reality.
These are six words you must stamp on your mind
“You become what you think about”
When you realize that your mind is a garden you will begin to plant only the things you desire.
How to overcome fear
Exercise: How to overcome fear, write down something that is opposite of what you, fear, and start giving it the same attention you have been giving your, fear.
Since light conquers darkness, it will eventually have your, fear, for lunch!
Imagine you having fun traveling the world in crystal clear clarity.
Say daily affirmations that compliments your desire.
Visualize your goal so much that sometimes you are not sure what is imagined and what is reality;
the same way that you let fear take you out of reality.
Don't get disappointed if it takes time to perfect this. Remember that positive things take time to manifest,
it is the negative ones that show up quickly.
Weeds will sprout up, negative thoughts, of failure will sprout up.
So, every morning find the weeds and dig them up.
Remember a successful gardener will always cultivate his land.
Cultivate your mind for success.
Life is energy, whatever you put out, is returned to you.
The mind does not care what seeds you plant; it will always return what you plant.
You can plant wealth or you can plant poverty.
You can plant fear or you can plant happiness.
Here is an excerpt from the book: The Wise Heart: A Guide to the Universal Teachings of Buddhist Psychology:
The Buddha faced plenty of his own fear and terror of imminent death. This is a passage from the Buddha’s early writings that Jack Kornfield, a teacher who helped introduce Buddhist mindfulness practice to the West, quotes in his book.
How would it be if in the dark of the month, with no moon, I were to enter the most strange and frightening places, near tombs and in the thick of the forest, that I might come to understand fear and terror. And doing so, a wild animal would approach or the wind rustle the leaves and I would think, “Perhaps the fear and terror now comes.” And being resolved to dispel the hold of that fear and terror, I remained in whatever posture it arose, sitting or standing, walking or lying down. I did not change until I had faced that fear and terror in that very posture, until I was free of its hold upon me … And having this thought, I did so. By facing the, fear, and terror I became free.
Do not Fear: Definition of fear
Fear – False objects appearing real, as per the about passage, can be released by standing your ground. Our instinctive reaction to, fear, is to turn and run because as humans we are hard wired to run from pain and towards pleasure. But, as the Buddha teaches in the passage above if you stand and have the courage to not move, you become free you, let go of fear, and realize that your imagination is always worse than the reality.
Let me share a personal story on how I overcame, fear and, remove negative energy from home.
When I first came to the United States of America, I came as a business owner. I did not have any of the benefits of a permanent resident. As my business was building, I decided to earn money as a sales person selling vacations. I was not authorized to work in the US, so I became very fearful of being found out and being deported. Every night I would dream that the immigration officials would come to my house and take me away in handcuffs. Sometimes I would dream that they would throw me in the back of the trunk.
One day, my pastor preached a sermon on, the fear factor. He said that God promises to carry your burdens, so give them to God. He said when you give your, fears, and heavy loads to God, you can't worry or take them back because that would mean that you don't have faith in God's promise to carry them. He asked the congregation to write our, fears, and heavy burdens on a piece of paper and ceremoniously throw them at the alter giving them to God. I wrote my, fear, of being deported on a piece of paper and threw in on the alter. In doing so, I, let go of fear, and became free because I gave it away to someone else, God. The good news is that I no longer was afraid of anything. Every time something came up that would potentially me fearful, I would face it and know that it will work out for my good. I stood on the scripture “I know the plans I have for you, plans to prosper you.”
Meditation to Let go of Fear
Sit quietly in a chair, be comfortable.
Place feet flat on the floor, hands clasped in your lap. Close your eyes. Be present. Focus on your breathing, feel your belly rise and fall under your clasped hands.
Breathe in for a count of 4 and breathe out for account of 6. Thus, slowing down your rhythmic cycles. Be mindful of the air as it passes through your nostrils down your esophagus and into your abdomen. If your mind wanders off bring it back gently to your breathe. Your mind can only concentrate on one thing at a time. Concentrating on your breathe bypasses your mind. Once you slow your cycles and quiet your mind, you are now in the receptive mode to change your programming.
Think briefly about something you, fear. Today we will use as our example the, fear of flying. Today we are going to use our imagination to replicate the experience of flying while you are sitting comfortably and safely in your chair.
Let's begin. visualize you are at the airport with your loved ones, your husband and 2 children. You are on your way to Venice, Italy. You chose Venice because you wanted a romantic vacation with your husband. You can't wait to ride on the Gondolas and be serenaded with live music, going to the opera and have the experience of taking a water taxi everywhere. You are excited. This energy is positive. You let this feeling of euphoria wash over you, you feel your body tingle with this positive energy. You feel good!
Now you are boarding the plane, you are starting to feel a little anxious. You board the plane and find your seat, you buckle yourself in. The pilot announces that your flight time is 6 hours and that he will be flying at a cruising altitude of 35,000 feet. He advises you to give your attention the flight attendant and pay attention to the safety information. You mentally note your exits. You listen to what to do in the event of a water landing! Your mind is going nuts with fear. Your heart starts to palpitate rapidly, you start to sweat.
Now the airplane is taxing down the runway at full speed, then lifts off the ground.
You squeeze your husband's hand, you are hardly breathing, your whole body is tight. The plane is climbing it shakes a little. You are so scared the sweat starts dripping from your forehead. The plane reaches cruising altitude, the pilot turns off the fasten seat belt sign and people start moving about the plane. You calm down a little, but still aware of every movement of the plane. The flight attendants come around and offer beverages. You ask for a glass of wine. You drink it down in one gulp! You start to feel calmer. The flight is uneventful. After what seems like an eternity the pilot announces that in 30 minutes he will be starting his descent into Venice. Your fear returns, the plane shakes a little as it descends and you are once again in the grip of fear. The plane touches down and speeds down the runway braking speed. Your body is tight, your breathing shallow. Then it is all over. You faced your fear and came out on the other side! You exit the plane and you are in Venice!
I want you now to realize that you have taken your first flight in your mind.
I want you to realize that fear is false evidence appearing real.
I want you to realize that once you face your fear, like a bully, it backs down.
I want you to realize that the energy of fear is keeping you stuck.
I want you to realize that whatever your fear, just like we took a ride on an airplane and came out alive on the other side that is how all fear works. It has no real power over you. The only thing that is holding you back from doing the things you want to do is all in your mind. So, the only way the clear it is to start with the mind. Do a dress rehearsal in the mind and then do it in the physical.
The first step in How to overcome fear is to face the fear.
The second step is to clear it from the place it is planted in your mind. Take a moment now to ask your higher self where the fear of flying came from. When was the fear planted? When you get the answer, you may think to yourself, boy that was silly or you may have a legitimate reason to be afraid of flying. Someone you know could have died in a plane crash or you yourself could have been in a plane emergency landing. The thing to remember is that you know that every time you drive on the highway you could die and you are aware of thousands of people who have died in car accidents; yet few people have a fear of driving in a car. So, consciousness is the second step.
The third step is to clear that energy by replacing it with, positive energy. We are going to use the, positive energy, of gratitude. Sit comfortably again. Imagine a bright light entering the crown of your head moving down through your check, down your throat to your chest, down your abdomen through your feet.
Feel this light fill all your energy centers as you become fully relaxed. Now expand this energy out from your chest past the room, past your city, past your country, past the clouds, past the sun, past the planet into the stratosphere. You are now floating in cyberspace. If you can bring your fear to mind in this space, do so now.
Then replace that feeling of fear with the feeling of gratitude. Gratitude that you are alive, gratitude that you are in your sound mind, gratitude that you have a place to sleep and food to eat. Gratitude that you are wealthier than 95% of the people in the world and you have the resources to travel to exotic destinations. Gratitude that you will not let fear rob you of your joy.
Now set the intention to fly to the first place on your bucket list within the year.
If you found this post helpful, I would love to hear your comments on what your fears are, and if you achieved a successful result transferring it with these exercises. Please share this podcast and blog post with friends and family and remember to subscribe and post a review.
Transform your Mind podcast is giving away a Free Checklist you can do every morning to replace your fears with positive affirmations.
To receive please subscribe, rate and review this podcast then send me an email to info@myhelps.us with the subject line iTunes review.
Until next time Namaste
Health is wealth, If you don’t have your, health, no amount of wealth can buy it. A healthy, weight, is an indication of health so today we are talking about, how to lose weight, without dieting.
Listen to full interview here:
Health is Wealth
Think about it. Most of us dream about becoming wealthy but would you trade your ability to walk for a million dollars? I know I wouldn’t.
The second way we could look at the phrase, health is wealth, is that you can be healthy but poor and still be happy. On the flip side, you can have copious amounts of wealth, but if you don’t have your, health, you would willingly trade all your money to feel good or be healthy again.
So the message in this, health is wealth, series is, You can't just trash your body and then try to alleviate the evidence of disease.
Health, is not the absence of disease, disease is the absence of, health.
What is, health? According to the dictionary, health, is fitness of body or mind, and freedom from disease or ailment. It can be body fitness, or mental fitness.
What is wealth? In the same dictionary the meaning of, wealth, is stated as “a great quantity of money, valuable possessions, property, or other riches.
So in the first episode of this series we and going to unpack how your, health is your wealth,. To start off this series, our topic today is “How to Lose Weight, without dieting”
How to Lose Weight when you Have an Eating Disorder
At a very young age, I suddenly and randomly developed an obsession with my size. I thought that my thighs should be thinner and I thought if my thighs were smaller, I would be perfect. By the way, I was a perfectly normal weight.But I became convinced that thinner legs would somehow make me better.This obsession just got worse as I got older and by the time I was an adolescent,I had full blown, eating disorder.My last thought at night was what did I eat today.I would fall asleep counting the calories and fat grams of my food intake for the day and figuring how to, lose weight,
The scale was my most welcome friend and my biggest enemy, it ruled my life.So much so that when I went hiking with friends or did anything fun like dancing,I would focus on how many calories I was burning instead of how much fun I was having.I would be calculating how, to loose weight,
Getting Therapy to Help Lose Weight
I would restrict restrict myself of food and then eventually I would binge and then purge. So finally I went to therapy.Iwould open up with my therapist about every aspect of my life except one, I never ever told her what was going on with me and food.I went to my therapist once a week for three years and I never talked about what was going with my. eating disorders.
After some time in therapy, I became aware of my feelings.I learned to process my emotions rather than to deny them.I learned to use words to comfort myself instead of using words to criticize myself.By the time I left therapy, I had zero, eating disorder, or, anorexia, issues and No unhealthy relationship to food. The amazing thing about this is that not once did I ever talked about food to my therapist.When I fixed my emotional issues, I fixed my, anorexia.So the answer to the question How to, lose weight, without, dieting, is first learning how to process your emotions instead of stuffing them down with food.
People ask me all the time. How did you recover from three, eating disorders, that consumed your life without ever talking about it?How is that possible?The answer is that whatever was going on with food and my, eating disorders, was a symptom of the actual problem, not the problem.When Ilearned different ways of coping with what was going on with me, I cured my, eating disorders including, anorexia.
How to, lose weight, by understanding why you eat certain finds of foods
I developed this formula to help people figure out you know what is eating them out.
If you like creamy foods like ice cream or frozen yogurt or pudding. It suggests a longing for comfort or nurturing. Limit your exposure to these foods to, lose weight,.
If you like foods that like bread, pasta, cake, pizza those are correlated to loneliness since they arebulky and they symbolically filling an internal void.Fill your internal void by finding a hobby. Doing something you like instead of eating. It will help you to, lose weight,
Finally, foodsthat are crunchy like chips or pretzels, anything with a crunch suggest you are angry. Dealing with your anger in a healthy way will help you to, lose weight.
The best way to deal with the triggers of emotional eating is try to understand where they're coming from.It is the first step. The next step is to deal with those an underlying feelings of lack of self worth.
How do you see yourself?
How do you feel your loneliness?
How do you express your anger?
How do you deal with what you are feeling?
Weight Loss Tips
Nurtureyourself with words instead of ice cream.If you use mean words to describe yourself and then you nurture yourself with food, it becomes a viscous cycle. You eat the ice cream and you call yourself nasty words for being so weak, then you eat again to comfort yourself.
When you feel good about yourself it's easier to be good to yourself.
The most practical thing that you can do, is to throw out your scale. It is a tyrant, it does not measure your value, it ruins your day. It has too much power over you,so getting it out of your life is a very powerful stance that you can take on your own behalf.
Download to listen to the rest of this powerful interview and learn five main reasons for diet sabotage.
Download and subscribe to hear all episodes in this series.
Do you ever think that you have too much stuff? Maybe two or three of the same item but don’t have the one thing you need or want? Or maybe you spend hours getting ready to host a garage sale only to have most of the things taken to charity anyway. Perhaps you have a service you’d like to offer in exchange for another service that you need or maybe just looking for one specific hard-to-find item like sports memorabilia or auto parts. Well BarterUpOnline.com can help you solve all of these problems. Whether you have unwanted items, looking for specific items or simply willing to trade services, https://barteruponline.com/ is for you. The process is easy come to our website sign up for a monthly account which will cost you $2 dollars a month billed once a month or sign up for an annual account, which will cost you $1 dollar a month Billed once a year. So visit our website today, no money no problem, only trades.
Finding, beauty, in your Now is the point of all power that unlocks healing, growth, strength, peace, desires, success, and happiness.
This week I interview Aireka Harvell, aspiring motivational speaker who focuses on transforming the minds and lives of women with her blog “Be That Woman.” She is also the Founder of Nodat Place Advertising LLC. where she encourages and promotes female entrepreneurship and offers daily motivation and support through her social media platforms.
Introduction “How to find Beauty in your Now”
Aireka has a powerful story of overhearing a mother telling her son that she was, ugly, and seeing her mom treat he brother better because he was handsome when she was just 9 years old. That tag stayed with her throughout her life and gave birth to low self esteem, becoming a people pleaser and allowing her husband to mentally and physically abuse her. Aireka has lived in darkness of thinking she was, ugly, for most of her life, until one day she heard the voice of God telling her to Help other women “Be That Woman” he made them to be.
Today she has a huge following on Instagram and on her blog and offers Hope and Encouragement with her daily posts.
Listen to find out How to control your mind and bring it under subjection when thoughts of fear and hopelessness threaten to stomp out your joy.
Learn that there is opportunity to learn and grow from every situation.
A Conversation with our manufacturer (God) God: Tell me “what is your purpose down there on earth”
Man: Well you know “I want to work hard and not hurt anyone, and I want to get along with folks and stay out of trouble” God: “But what about your talents”
Man: Well what talents I have and there are not much, I take good care of. I kind of pace myself, you know.
No, No,No God shouted, your answers are all wrong. Don't you remember the story of the talents?
Man: Yes I think so … You gave each of three men a different set of talents. To one man, you gave five talents. To another man, you gave two talents. And to the third, you gave but one talent.
“That's right says God: and some years later I checked up on each of these three men. I was pleased to find that the man with five talents had multiplied his talents by working hard, and applying each one. The man whom I gave two talents had also labored hard and multiplied them. But when I checked with the man I had only given one talent, I became very angry. For that man had buried his talent in the name of protecting it. To which I cursed him saying “thou wicked and slothful servant” how dare you not use the gifts and, beauty, I gave you. You Knew that I reap where I have not sown and gather where I scattered no seed.
Do you not get the point of this parable?
Man: Yes I think so. I am to use the talents and, beauty, you gave me and multiply them to help others.
God: Let me ask you another question
“Who is in charge of your life?”
Man: I am responsible for my life – but with a few exceptions. I mean sometimes you just don't get the breaks, you know. Sometimes things just don't go my way, but that is the way the ball bounces or the way the cookie crumbles”
God jumped to his feet “No, No, No, he shouted. You were created in my image of, beauty. “When will you learn, you are totally responsible for your life, no exceptions. You are totally responsible for the results you obtain. Not your mother, not your father, not your boss. It's not the breaks, that control your life, it's you. Don't ever say that is the way the ball bounces, that it is the way the cookie crumbles. You must bounce your own ball!
Man: Okay, okay I think I see. The fact is that I have been put on earth to succeed, I have an obligation, a responsibility, to use my abilities to the fullest. I must control my life, for I wasn't designed to be led. I prefer excellence to mediocrity. I won't prevent my own success, for all success requires is that I am here, and that I use my talents to the world and not wait for the world to come to me. And I will act now, no matter how convenient waiting may seem, no matter how imperfect might be the results I obtain.
Tears welled up in God's eyes, a smile creased his face.
God: “Thou wonderful and faithful servant, take all the love and energy and talent that you have and share it. Share it with all you meet, until it seems you have no more to give, there will always be more and more in reserve. Your potential extends beyond your wildest imaginings. The only limitations you will ever face will be those you place on yourself”
Johanna Sevier Robb says in her blog post on “How to find the Beauty in Everyday Present Moments”:
There is so much, beauty, in the world—and because this crazy, gorgeous life is so fleeting, I want to focus on the, beauty.
No, I won’t turn my eyes away from the horrors of the world. But I also won’t become so consumed by these horrors that I no longer notice the wind dancing on the water. Or the tender grasp of my lover. Or the plant on the windowsill stretching toward the sunlight.
I’m not trying to downplay the crap. But just to understand the, beauty standards, of men. I don’t want to crumple into a small, powerless mess each and every time I read the news.
Negativity sells. Sensationalism sells. But this is not the reality of, beauty. So I ask, what is beauty?
Sure, man’s, beauty standards, is real. But generosity, kindness, humility and love is also real. And I still believe in humanity. Only a tiny bit of the present world can be summed up by violence and acts of terror. Only a tiny bit of human history can be summed up by wars and acts of cruelty.
How to Find your Beauty even if the world thinks you are ugly
Despite his physical appearance, the elephant man and his mother were close. His mother did not think he was, ugly. A former housemaid, she was also handicapped and had three additional children, two of whom died at a young age. She herself passed away in 1873 of pneumonia. Her death devastated young Joseph. Not only did he lose his closest friend, but his father, now working as a haberdasher, soon married the strict widow Emma Wood Antill who had two children of her own and demanded young Merrick, elephant man, leave school and earn his living. Amazingly, despite his growing abnormalities, he found employment at a cigar shop, but his right hand soon became too large to manage the delicate work of rolling cigars. In order to earn his keep, his father got Joseph a hawker’s license to sell gloves door to door. But his, ugly, appearance frightened prospective customers and his sales were dismal. Joseph Senior would often beat his son if he came home empty-handed and the stepmother would deny him full meals unless he had earned enough to pay for them. As a result, he ran away — or rather walked away — from home more than once.
If you liked this content remember to share, subscribe to my iTunes podcast and write a review. Once you do, send me an email to info@myhelps.us with the subject line “Podcast review” and I will send you one of two gifts. My eBook “How to become a Life Coach” or a “Mindset Shift Focus Wheel” a workbook to change from a Fixed Mindset to a Growth Mindset.
To survive the, economic collapse, first thing I would say you need to do is you're going to have to acknowledge where you are financially. The beauty of an, economic, downturn is that there are more successful people created during a period of, economic collapse, than any other times. The, economic collapse 2020, is no different.
My guest today is Solomon Ali author of “The Empowered Wealth Bible” and “Economic Survival” and we're going to be talking today on “How to survive an, economic, collapse because I think we're heading to an, economic, collapse.
Introduction to How to Survive an Economic Collapse
Solomon, I'm very curious to hear your backstory, how did you become an expert on, economic, conditions?
Immediately after high school, I went into the military. I went to a predominantly white high school and my guidance counselor said I had good GPA; but they never directed me to go to college or university, so I went straight into the military. I made it to the rank of sergeant and learned how to manage people and how to build a team.
When I got out of the military and went home, I couldn't find a job, common story. So I started helping my parents clean up their rental properties. I ended up organizing the cleaning crews. We became a mobile company, cleaning up apartments, painting them, doing minor repairs so that the apartments could be ready for the next tenant to move in. I had a team of people structured like an assembly line. We had people come and do the masking of everything. We would mask off four or five apartments at one time. The next group would come in and they would clean the tubs and the toilets, and the next guy would come in and paint it. Then someone would come back and take all the masking tape off, vacuum and shampoo the carpets and we were done.
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Now that is, economic, survival. Surviving the rental income business. That sounds like the best structured management cleaning that I have ever heard, and I do property management as a Realtor!
We had over 70 people on our team. We went from zero revenues, to a little over 6 million in 12 months! But I was not able to collect all my money. I had all these accounts receivables and I had payroll that was coming up. So I got on my knees and prayed one night and I was talking to God, and the next day I'm looking in the LA Times and I see a company advertising for accounts receivables loans. I called the guy and left a message on Sunday he calls me promptly on Monday morning and he went over everything. I made the trip to San Bernardino, California and got a check for $380,000. He bought all my $500,000 accounts receivable accounts.
That was my first lesson on, economic, survival in the form of risk management. You do not want to have a huge concentration of your business coming just from one or two customers, you want to make sure that your company it's more diversified.
That is what I do today. I consult companies on how to survive, economic collapse, or downturns because they come about every 10 years. I teach them how to scale, how to grow, and how to access the finance world. In other words how to arrange capital, so they can do their roll-ups for this , economic collapse 2020.
We check out the competition and then we begin to set up what I call mirroring. We design a program that fits my client so that they can grow and scale their business and we're able to access capital for them. I may have private equity companies that I have arrangements with and I get very passionate about helping others fulfill their dreams.
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What does your book “The Empowered Wealth Bible” teach us about, Economic Collapse 2020?
That book speaks in reference to the different tricks of the trade, how you survive, economically, and raise the capital for your business. It teaches you how to use personal credit and credit cards.
It is extremely helpful to the new entrepreneur trying to fund his business as well to the mother wanting the best for her family.
There is one chapter in the book where we talk about how we could take your credit card money's right from your credit cards and apply it to your mortgage and rotate that around cutting the interest rate on your mortgage and shortening the time period. The book also shows you how to start a business with very little to no money and still be okay in an, economic collapse. Things like that, it is all about, economic, survival.
I started my private equity company back in 2009, I started with two hundred and fifty dollars and by the end of a year or so I was making millions of dollars.
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In Les Brown's new book “You got to be hungry” you must be hungry for success. You must be hungry to achieve your set goals and work your strategies to achieve, economic, survival.
We are now smack in the, coronavirus, pandemic and the, economic collapse 2020. Companies are closed, millions of people have lost their jobs and everybody is scared about their future. It's really interesting that you had the premonition to write the book, Economic Survival, before we faced an, economic, collapse.
I understand we are heading into a recession even a depression.
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How would we survive economically if the US, economy, was to go into, economic collapse 2020?
Firstly, I'm going to say we're already in a recession. Our, economy, is already seeing an, economic collapse 2020. We haven't saw seen all the manifestations of what's going to happen, but anytime you shut down businesses state by state, you're losing your, economic, base within those states. So all of these businesses shutting down resulted in I think as of today there's over 37 million people filing for unemployment.
Let's put that in perspective, that's not counting the people who are self-employed, who are not able to file for unemployment. So you have to add millions or more to that number, that's not also counting the people who are just giving up and not looking for work. That’s millions more.
I predict that the US unemployed will be closer to about 60 or 70 million by the 3rd quarter. I predict we will see an, economic collapse.
I'm going to Segway over to the African American businesses. On average there's approximately five million businesses existing in the United States with ten or more employees.
African American companies there are only about one hundred thousand or so with ten or more employees. That's a big and significant difference between five million to a hundred thousand. That tells us that the majority of us, African-Americans, are working for other people and those jobs are no longer going to be there in the future.
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Small businesses create the majority of the jobs, however your larger companies employ more people. So when you place all this in perspective African Americans are not going to have anywhere to go and will suffer more from an, economic collapse.
Here are some strategies on surviving an, Economic Collapse:
To survive the, economic collapse, first thing I would say you need to do is you're going to have to acknowledge where you are financially. The beauty of an, economic, downturn is that there are more successful people created during a period of, economic collapse, than any other times. You have to solve someone else's problem, you have to be of service to someone, so that now you have people looking for you because you become in demand.
New businesses will be created like, AirBnb, created in the 2009 financial crisis.
We are losing millions of businesses but new businesses are created during an, economic collapse.
After you solve someone's problem is you have to educate yourself. You have to remove the fear, because fear will paralyze you. Once you remove the fear you will be able to go out and help someone else.
A lot of people that have the employee mindset will have to switch because they are not going to do well. Unfortunately our, economy, and, economic survival, depends on developing an entrepreneurial mindset. We're going to be living in the, economy, where a job no longer exists. You're going to be a subcontractor, you're going to be an independent .
You have to look at where are you today financially and reset your priorities. Instead of loosing your home in the, economic, downturn because you lost your job, maybe your parents have a room you could live in and you could rent your house. You're going to have to be willing to do what is necessary for, economic survival.
Immediately begin to renegotiate your debt so that you can have more cash flow.
Diversify – you may have to do some joint ventures with other companies or other people.
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How do you think the Real Estate Market will fare in this, economic collapse 2020?
I think we're about to see by the last quarter of this year a lot of foreclosures will begin to take place. I believe a lot of people will begin to lose their homes.
For those investors who have the cash flow and the ability to buy, they will be able to pick up properties at a significant discount, because the banks are going to have to give rid of those assets off of their books. Credit lines will be cut by the end of the third quarter. I'm pretty sure maybe even at the beginning of the third quarter the credit lines will begin to get cut, which will have a trickle effect on the, economy.
What we do know is that our, economy, is not coming back anytime soon. We may have as many as 60 million people unemployed. People don't have any reserves and if you don't have any reserves at the beginning of the, economic collapse, then what is going to happen after you have been unemployed for a year. Robert Kawasaki, of Rich Dad Poor Dad, was saying that what you do is you find out your runway for your business or personal life. How much money you have in the bank to take care of the essentials, housing, food and transportation?
Robert is absolutely right. We were all taught to have six months of reserves, but if the last, economic collapse, in 2009 taught us anything, is that it took people 18 months on average to get a job so we were wrong saying to have six months of reserves, you need to literally have two years of reserves. Most don’t even have one month.
How does Private Equity Investing help with, economic survival?
I love private equity, I love loaning out money and helping people to fulfill their dreams.
I have a passion right now for minority businesses. There's approximately 13,000 publicly traded companies all together but, there's only 13 black publicly traded companies currently. I sat on the board of directors of three and I was Officer of three all at the same time, where I was responsible to help them raise the capital they needed to, survive economically. The companies that I helped, they were not only successful they became in the top 5 companies.
To purchase any of Solomon Rc Ali books or for consulting services visit his website
