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?
