A self-made billionaire with the biggest thinking mind I’ve ever seen. He puts Donald Trump to shame – I read a book by The Donald many years ago called Think Big and Kick Ass – Peter dwarfs it in comparison.
I’ve re-ignited my interest in making money using property as the vehicle, despite the various property bubbles around the world. I have come to the conclusion that there is more to making money in property than allocating money to the asset class based on whether you think its overvalued (as in a bubble) or undervalued.
While its true that a rising tide raises all boats, the market data we focus on are just market averages and aggregates about assets in their current state.
Sometimes they are split by region or some other detail. But however they choose to show this statistical information, there’s one thing that they ignore and this is key to my latest revelation: the people who continue to make money with property, change the property they buy.
I’d like to continue my articles on the subject of money and discussing ideas on how getting some good habits and ideas rooted into your daily life can wield a much better financial response.
My previous article on how to automate your finances, deals with how to free up some time from the monotony of dealing with your bills and other daily expenses. But it only deals with the money you already have coming in.
In this article, I want to explore that money coming in, your income, and how you earn it.
I read The Richest Man in Babylon a few years ago now, and after my first reading session (I would usually spend my commute reading) I made sure I had pen and paper ready for the next time I picked it up so I could take notes.
It was that good.
No wonder – it has been around since it was first published in 1926!
The book’s author, George S. Clason, was a successful businessman and author, who started the company that created the first road atlas of USA and Canada. He also enjoyed writing parables about ancient Babylon that conveyed financial advice.
These parables were picked up by banks and insurance companies and were distributed as pamphlets, with the best ones eventually assembled into this very book.
As a follow up to my original article Working as an Independent Contractor, I decided to write a bit more about the contracting game and the lessons I’ve learned along the way. I wish I knew many of these in the beginning. May you gain some value from this!
I don’t doubt that I’ll learn more lessons as time rolls on, so there may well be another post in the future.
Some of these are downright obvious, and others are less so. Let’s start the list in no particular order!
While making a cup of tea at work the other day, I noticed the TV in the staff common room was on. The kettle was taking its sweet time to boil, so I watched a little. I noticed the content hasn’t improved since I made my decision not to own a TV.
The thing that jumped out at me was when the ads came on. There was an ad for an all new supplement that is six-times more potent than krill oil.
My ears pricked up and I paid close attention to find out what this was about.
This magical new supplement was, Calamari Oil.
I quickly made my tea and went back to my computer to research it!