A few gems from my morning reading that will make you rich.
Proverbs 25:12
To humbly receive wise correction
adorns your life with beauty
and makes you a better person.
Proverbs 25:15
Use patience and kindness when you want to persuade leaders
and watch them change their minds right in front of you.
For your gentle wisdom will quell the strongest resistance.
Proverbs 25:19
You can’t depend on an unreliable person
when you really need help.
It can be compared to biting down on an abscessed tooth
or walking with a sprained ankle.
Proverbs 25:27
It’s good to eat sweet things,
but you can take too much.
It’s good to be honored,
but to seek words of praise is not honor at all.
Proverbs 25:28
If you live without restraint
and are unable to control your temper,
you’re as helpless as a city with broken-down defenses,
open to attack.
Read a proverbs a day and you’ll be a better leader/thinker/human.
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My journey (x4) and the “ins” and “outs” of how to go from bootstrapped 6-figures to multiple 8-figure empires without using VC.
Easier DONE than SAID — so wish me luck…
✅ ACQUISITION, ECONOMICS, DELIVERY
Everything comes down to those 3 things. Three levers. Pulled correctly = rapid scale, healthy margins & good will delivered to prevent the downside of scale: reputation.
You CAN scale too fast, and you lose raving fans from poor product.
🏆 Sell first, built later…
Our first business had sales (3 of them) before we ever lifted a finger to build the product. Modern examples are modeling, think car deposits (new Ford electric, Cybertruck, etc).
Our real estate firm produced a gross return of ~$300k last MONTH and is growing by 70-90 houses per quarter.
We started with just 1 deal, and in this thread I’ll show you how.
1/ A few basics up front....
Real estate is all about “equity.” Equity can be achieved two ways (1) purchased or (2) created. Getting your money down to $0 is all about utilizing strategy 2 and creating your own equity spreads..
2/ Single family VS Multi family are valued differently...
Single family is appraised (location, comps etc) and multi is valued like a business (net operating income X a multiple which is your cap rate).
I’ll stay in the single family lane here because they’re easier.