Archive for April, 2007

Your Finance Team Mortgage Broker

Thursday, April 26th, 2007

I just met an AWESOME mortgage broker at a Rich Dad Seminar. His name is Mr. David Murphy. He has built-up several multi-million dollar businesses in his lifetime (he’s still really young!) and he understands the real estate industry from the ground floor up. Life as an investor is much easier if your mortgage broker talks the language of a business owner and investor, because they can get you the correct mortgage for your situation. If you do not have a banker/mortgage lender, title company, hard money lender, small land development person, or wholesaler on your team, I strongly recommend that you contact him at david@allegiance-mortgage.com, or call him at 469.574.1118 X 105. He can get pretty busy, but tell him, I told you to call.

www.allegiance-mortgage.com,
www.metroplexrealtysource.com,
www.global-equity.net,
www.BIGBOYSteel.com, - A Green Home Building subcontractor - building houses with steel framing from recycled junk cars instead of wooden stud from trees.

Broke is Temporary; Poor is Eternal

Saturday, April 21st, 2007

Being poor can simply be a lack of knowledge. When being poor is due simply to a lack of education than poverty can be overcome. But when being poor is a refusal to think or do anything different, than the poverty of the pocketbook is linked to a poverty of character.  I do not believe we need to be ashamed of what we do not know. We just need to acknowledge what we don’t know and begin to take steps toward understanding. The great thing about being a little person is that you don’t have to know, you just have to want to learn and try.

Faith

Thursday, April 19th, 2007

I am a person of Christian faith. And I remember distinctly at the age of five personally giving to Jesus the whole of my life. It was then at age seven that I ‘mistakenly’ picked up my first book on finance.  As I grow in my understandings of myself, my life and the world we live in, I gain a greater appreciation for my faith.

One of my favorite stories of faith is found in the parables. The Prodigal Son had left claiming, “Give me.” He returned begging, “Make me”.  I see in the story of the prodigal son a warning regarding an attitude of entitlement that bankrupts our financial and spiritual lives. The heart of entitlement is, “You owe me”; a bankrupted belief in our self and our capabilities and a judgment on the value and purpose of our relationships. Financial trials or life circumstances tempt toward an attitude of entitlement. Why should bad things happen to good people, God or even life “owes” us?  The prodigal son left the Father saying, “Give me.” He returned begging, “Make me”.

I wonder from faith’s perspective what God will “make” of my life. Do you wonder?

Being an Entrepreneur

Thursday, April 12th, 2007

Learning to build a business is an essential aspect of your child’s wealth development process. I have been reading financial books since I was 7 and I have learned - that money can either work for you or against you. To be financially free you must learn how to make money work for you rather than you work for money.

An entrepreneur is a person who grows money; a person who uses money as a seed that he plants so that he can grow more money.  I am an entrepreneur. I borrowed 20 dollars to make 200 dollars.  I used that 200 dollars to make 2,000 dollars and I am reinvesting that 2,000 dollars in the hopes of making more.


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