My Vision

[pweaver]

As a newbie at this market, any guidance that can be provided is greatly appreciated. I have much to learn. I am open to learning in the quickest most effective way. I am very excited to start owning cash flow properties. I ordered 4 books from Amazon and only received 3 so this is where I am starting. My first is Real Estate Investing in Canada and as you know I am just finishing chapter 8. I am doing each assignment as I go and typing notes on my computer I want to review and remember.


Attached is my vision`.





My personal Belize paradise!





I have it. The property and lifestyle of my dreams! I have used the ACRE System to make it happen.





One full acre ocean front, with a private beach, overlooking the Orchid Bay of Chetumal in Belize. On my property are two little guest houses I will rent. At the back of my property is a private air strip used to fly myself, family and friends to my home in Belize. My home and guest houses are environmentally built with off grid features. They are bright, sunny, warm and inviting. You can feel positive energy and love everywhere in each building. The art work in each house is mine with a mixture of local cultural art. I also have a beautiful infinity pool with Jacuzzi tub. I have one of the most beautiful properties in Orchid Bay graced with fruit trees and fragrant colourful flowers all around my property. I have created my personal paradise in Belize!





A warm breeze carries the scent of the sea and with the warmth of the sun, both of which energizes me. I feel so peaceful, happy and relaxed. I am truly blessed and have found my bliss! My family is happier than it has ever been and every day we wake up looking forward to another day in paradise! I start each day with a great cup of fresh grounded cup of coffee and a walk around Orchid Bay soaking in the morning rays. What will I do today? Go for a swim, boat ride, scuba, sail, ride my customized Harley Davidson V-Rod, or just swing in my hammock and read a book. Or maybe today is a day I will work at our dental clinic, help my youngest son with his new bakery, spend time at my little, `Health Nut Deil` or go work at my charity or volunteer at a local charity offering my strengths and knowledge to my new community while helping others in need. Everything I do will because I love doing so and never because I have to. My evenings are spent with family and friends surrounded with laughter, fun and good times. Will we dance, sit by a fire and listen to some great tunes or play some billiards? Whatever I decide to do each day will be because I want to do it. I am financially free due to the passive income I have developed in my real estate and investment businesses. My cash flow is in access of $10,000.00 a month minimum which covers all of our expenses and I have a net worth of well over $2,000,000.00.





I spend my time between Canada and Belize while still continuing to travel to new and exciting places, experiencing new and wonderful adventures several times each year. My life is awesome!! (Grin J)

 

[2ndstory]

Not sure what other books you've ordered, but there are a few good ones. Make sure to concentrate on ones that apply to Canada. Read Peter Kinch's Action Plan to figure out some of the next practical steps. Remember that you are starting a business, and it's going to take some serious dedication and work. I've given these books to friends but either their spouses or themselves were too nervous or scared to actually do something after reading them. You need to act once you've read. Good luck!



Nik

 

[Thomas Beyer]

Beautiful Vision !



Any vision starts with a dream. Then planning .. then action !



Most folks fail at stage 2, planning.



Action is hard for some .. but usually easy if stage 2, planning is well done !



Now onto the harder part of buying and then managing the first property .. then a 2nd .. then a 3rd .. then the 22nd will come easier to achieve your fairly realistic goal !

 

[bizaro86]

Sounds great! Having a vision is wonderful, and will help you tremendously as you move from the "WHY" of real estate to the "HOW."



If you're seriously committed to all parts of the vision though, I'd look into how much land you need for a private airstrip. I doubt 1 acre would be enough...



Best regards,



Michael

 

[housingrental]

I'm I the only one that does not understand the vision idea?



Aren't most people looking into investing already motivated enough to move forward without needing to keep their eye on the reason XX years out to keep pushing forward?

 

[Rickson9]

[quote user=housingrental]I'm I the only one that does not understand the vision idea?



Aren't most people looking into investing already motivated enough to move forward without needing to keep their eye on the reason XX years out to keep pushing forward?



This may be true for you and I, but may not be true for others.

 

[johnsu]

Most people have "no vision" in a literal sense. They are just day to day, slave to the dollar. Usually that mindset is not compelling enough for people to push "their comfort zone"



We all know that "money" is an ineffective motivator.

 

[invst4profit]

I don't need a vision of my own my brother lets me use part of his triplex in Belize when I go. Financially this is even smarter than having a vision of my own.

 

[Rickson9]

[quote user=johnsu]Most people have "no vision" in a literal sense. They are just day to day, slave to the dollar. Usually that mindset is not compelling enough for people to push "their comfort zone"




We all know that "money" is an ineffective motivator.




This is a good post.




I've given this a lot of thought. I haven't come to any concete conclusion, but I from the outside I appear to be motivated by money.




I don't particularly care about material goods or a personal Belize.




Something pushes me to accumulate more and more assets. Perhaps it is some deep seated inadaquacy or inferiority complex.



It isn't a palatable thought, but I can't rule it out either.




Nonetheless I am just wired that way.




Best regards.

 

[bizaro86]

[quote user=johnsu]We all know that "money" is an ineffective motivator.



Do we?



Money is just the concept of exchange. I like generating additional value for others through real estate because it allows me to claim valuable goods and services produced by others for myself now and in the future. That seems to have been a very effective motivator for me.



Regards,



Michael

 

[johnsu]

Hi Michael,



Let's take this a level deeper then shall we?



Money as a motivator means motivated to "accumulate money" Is this your end result your motivated to do?



Or is it what you can do with the money that motivates you.



Just a thought.

 

[Thomas Beyer]

[quote user=johnsu]We all know that "money" is an ineffective motivator.


Perhaps "money" as a concept .. but certainly not the the things it can accomplish.



Generally, people work (or get up every morning) for 3 reasons:

a) to fulfill a personal need to get s.th. accomplished and in return get compensated

b) to better the world

c) to feel connected to this planet or to others, to get noticed / to feel love by others i.e. to fulfill a need as a social creature



Some folks are rich enough so they can volunteer or just help the planet without compensation. The minority ..



Most jobs also are not all that interesting, repetitive after a while, boring, or even dangerous .. so why do them if not for money ? i.e. if McDonald's or Wal-mart or IBM or XXX (your favourite firm here) could get 100,000 volunteers, why pay them ?



many socialist nations tried the model of "paying all the same as we are all worth the same" .. but that experiment failed quite a while ago .. although some nations still attempt it.

 

[housingrental]

Interesting discussion above. Thomas's idea's above - essentially summed up as joy of accomplishment are very true for some and for all desirable for happiness... However I'm not sure this is how it really is for most investors...



I'm not certain on this... maybe FEAR is a much bigger motivator for most investors than long term belize....



I think it's fear



Your thoughts?

 

[Rickson9]

Speaking for myself, in addition to an inferiority complex or subconscious feelings of inadaquacy, I can't rule out fear either.







It is difficult to explain the compulsion. I will always have more money than I will ever need/use, but I continue to accumulate - like a stupid animal that continues to eat until it dies. I ponder it and find it somewhat disturbing, but apparently not disturbing enough to stop...







Personal accomplishment? Perhaps. We call ourselves human 'beings' but many of us can't stop being human 'doing'; to just 'be'. "Man is an animal suspended in webs of significance he himself has spun." - Clifford Geertz







It really demonstrates to me how deep-seated some of our behaviour's are. "We don't see things as they are, we see them as we are." - Anais Nin

 

[2ndstory]

A personal Belize is a carrot. It is an extrinsic motivation. I have been an educator for 12 years, and students can be extrinsically motivated for a while with stars, candy, and even marks, but it doesn't work over the long run. The motivation must become intrinsic. You have to have something on the inside that drives you to do what you do. Maybe you just plain enjoy the process, dealing with people, closing deals, whatever...or perhaps it's the insecurity that Jim was talking about. The fact is, a personal Belize will not carry you through. You will become discouraged at times, and if you are only extrinsically motivated you will start thinking about "easy" money schemes, lottery tickets, and hoping that some estranged rich aunt will die and leave you an inheritance.



Nik

 

[bizaro86]

[quote user=2ndstory]The motivation must become intrinsic.



The things that I have been most successful at in life are the ones that I didn't have to do. Intrinsic motivation is much more powerful and extrinsic motivation.



I've also found the opposite to be true as well. Some things that I have been previously successful at I've gotten bored with, and my level of success at those activities dropped off, even though extrinsic motivating factors were still present.



Regards,



Michael

 

[bizaro86]

[quote user=johnsu]Let's take this a level deeper then shall we?



Money as a motivator means motivated to "accumulate money" Is this your end result your motivated to do?



Or is it what you can do with the money that motivates you.



Just a thought.


I don't think I necessarily disagree with your point, as I mentioned money is never more than a means to an end. Whether one is motivated by the money or the ends achieved by the money is a bit existential.



The part I was more disagreeing with was the "We all know" portion of your statement. I think people's motivations toward money is very far from a settled and agreed upon fact. I know they call them social sciences, but there's a reason those degrees say "Bachelor of Arts" on them. Dealing with human feelings and motivations is not an exact science, so to say we "know" something presupposes a level of widespread agreement I don't think exists.



Regards,



Michael

 

[Thomas Beyer]

[quote user=housingrental]

I think it's fear


I get up every morning because of FEAR ?



I go to work because of FEAR ?



I present to REIN members or blog or see my kids or walk along the beach with my wife or buy an apartment building or sell a building or buy a piece of land for development or meet an investor for lunch or research statistics or drive my yellow Vespa or fly a kite because of fear ?





...



hardly ..



I do it because I (usually) get something POSITIVE out of it .. or at least have the expectation of s.th. positive !

 

[invst4profit]

My personal motivation comes from the fact that I am a workaholic.

I do not have a desire to acquire material items and am usually forced to purchase items as a result of my wife's desires. The things I appreciate the most are those items I have built myself although once the building process is completed I generally lose interest in that item. My home is what it is due to my wife's desires and aside from the money I need to operate my business, put gas in the car etc I rarely ever spend money on anything.

This is the main reason I have not grown my business any farther than I have even though I have had numerous opportunities to do so. Had I taken advantage of those opportunities I would at this time be very wealthy by anyone's standards. There was however no point as I was already working to my limit doing what I enjoy while making enough to maintain a middle class standard of living. The kicker to this is that everything I work at continues to earn more income. It continues to accumulate due to the fact that we enjoy a very simple life style. Likely the kids will benefit considerably in the end.

Although I am motivated to work for the sake of work I do value the money and have accumulated enough to insuring my bills are paid and my wife is happy now and will be financially taken care of when I am gone. Beyond that I have no need for money.

 

[Thomas Beyer]

[quote user=invst4profit]I rarely ever spend money on anything.


Try this: fly to Hawaii [or Palm Springs or Paris or London or Venice or Sydney whatever destination interests you] first class. Go to a 5 start hotel .. ocean front suite/best location in town .. buy expensive meals. $20,000 well spend for 2 weeks !



You might like it better than flying coach and staying in a cheap condo.



Also: expensive cars tend to be more enjoyable than old cheap ones.



I also noted same for suits, shoes and restaurants !



Why work so hard and accumulate cash if not for those little enjoyable things ?



Not to say you should spend foolishly .. but if you got plenty of savings and decent income why not spend more and enjoy it once in a while ?