Tackling Real Estate topics that you care about in Lansing, Grand Ledge, Holt, Mason, Dimondale, Eaton Rapids, Williamston, East Lansing, Haslett, Okemos, and St. Johns.
1. Get results
2. Stands out in their organiation
3. Never happy with the status quo
4. Stand above the benchmark.
5. Challenge themselves first
6. Exude confidence
7. Don't make excuses
If we get the right people on the bus, the right people in the right seats, and the wrong people off the bus, then we'll figure out how to take it someplace great.”- Good to Great
Leaders set to pace and tone of the team.
World Class takes sacrifice and courage.
The Path of Money: A Simple Framework for Building Wealth
Most of us are working with financial frameworks that are either too complicated or too simplistic. It's like we're trying to navigate unfamiliar territory with a NASA-level navigation system (that we don't know how to operate) or a child's crayon drawing of a map. What we need is a clear roadmap that's both simple and effective. That's exactly what The Path of Money delivers.
In order to build wealth, you need to earn money, save some, and then invest those savings. There are two basic ways to earn money: You work for money or your money works for you. The first is where you trade your time for income working a job or in your business. The latter happens after you invest your savings and your money grows as your investment goes up in value or pays you dividends.
Once you’ve earned money, you have four choices:
Investing breaks down into four categories based on two factors: whether you're lending or owning, and whether you're doing it passively or actively:
This is where most people go wrong: They have expectations of active investment returns from passive investments. This creates a gap between our expectations and our strategies. And it's the reason so many of us feel perpetually behind on our wealth-building journey.
The Rule of 72 is a great way to understand how money compounds at different rates. Our brains really struggle to imagine how money grows over time. Divide 72 by your expected rate of return to see how many years it takes for your money to double.
The difference between 8% and 12% isn't just about 50% more annual return—it's the difference between your money doubling every 9 years versus every 6 years. Over a 30-year period, $10,000 growing at 8% becomes $100,627. At 12%, it becomes $299,599. That's more than a 3X difference!
I’m not implying we should all quit our jobs and become real estate tycoons tomorrow. We need to understand where our investments fall in these categories and work to shift more of it from passive to active, from lending to ownership. Maybe it means buying a rental property. Or maybe it means starting that side business you've been thinking about.
The point is to have a clear framework for understanding how your money is working and what realistic returns you can expect from different strategies.
Because without that framework, we're either shooting in the dark or expecting magical results from ordinary methods.
One question to ponder in your thinking time: What's one passive investment you could transform into a more active one without increasing your time commitment or risk?
"Any time you sincerely want to make a change, the first thing you must do is raise your standards."
At first glance you might think that sounds a little obvious.
But the more you sit with it the more you’ll realize this… the life you’re living now is a direct reflection of who you are right now.
See, most people don’t fail because of a lack of resources.
They fail because of a lack of standards.
Think about it…
Everyone wants success. More money. More freedom. More impact.
But what separates those who get it from those who don’t?
The people who win don’t just want more… they expect more.
They decide that being stuck isn’t an option. That playing small isn’t acceptable.
That their current circumstances don’t define their future.
They raise their standards… and everything else follows.
-
from “Trying” to “Training”
The words “yes” and “no” get used in comparison to each other so often that it feels like they carry equal weight in conversation. In reality, they are not just opposite in meaning, but of entirely different magnitudes in commitment.
When you say no, you are only saying no to one option. When you say yes, you are saying no to every other option.
I like how the economist Tim Harford put it, “Every time we say yes to a request, we are also saying no to anything else we might accomplish with the time.” Once you have committed to something, you have already decided how that future block of time will be spent.
In other words, saying no saves you time in the future. Saying yes costs you time in the future. No is a form of time credit. You retain the ability to spend your future time however you want. Yes is a form of time debt. You have to pay back your commitment at some point.
No is a decision. Yes is a responsibility.
