Three Lessons Every Investor Should Know When They’re 35

  1. The Value Creation Model:

Money comes from creating value. This simple yet profound truth is the cornerstone of any successful investment strategy. Whether you’re an individual with a unique skill set, a startup aiming to solve pressing problems, or a real estate investor seeking properties to enhance and flip, the principle remains the same. Money flows towards entities and individuals who can generate value. A few years ago, something like this happened to me. It involved turning around a 50% occupied apartment complex in San Antonio, Texas, into a $20 million value-added project. This is a perfect example of showcasing the monumental returns possible when value is created from distressed assets.

  1. Navigating the Financial Industry:

The financial industry is dominated by commissioned salespeople. From banks to wealth planners, their primary goal is to capitalize on your money. Understanding this dynamic is crucial. It’s important to recognize that the wealth-building system is designed to leverage other people’s money (OPM) for your gain, rather than merely saving or only investing through negotiators. This insight is pivotal for anyone looking to make their money work effectively for them.

  1. The Imperative of Investing in Yourself:

Perhaps the most enduring investment you can make is in yourself. My journey from obtaining my certified property manager certificate to becoming a chairman on various real estate boards is a real-world example of self-investment. Knowledge and skills are your best allies, especially during economic downturns. Cultivating a network, honing your expertise, and maintaining a growth mindset are essential for resilience and success in any field.

Actionable Takeaways:

  • Seek Value Creation Opportunities: Look for ways to add value to your investments, be it through improving a property, enhancing a business, or refining your skill set.
  • Be Wary of Financial Sales Pitches: Understand the motives behind financial advice and products. Strive to learn how the system works so you can navigate it to your advantage.
  • Invest in Your Growth: Continuous learning and personal development are non-negotiable for sustained success. Find mentors, join relevant boards, and commit to expanding your knowledge and skills.
 

 

 

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