If you’ve got money yourself, you need to invest that first before you get other people’s money. That’s when you try to become a master asker to find someone who has money who wants to invest.
Using other people’s money with the skills you’ve learned, you can do deals yourself and produce income forever.
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3. Limiting beliefs
5. Following through on ideas Open to new ideas
6. Do the math
7. Saving money
8. Using credit cards
9. Spending money
10. Excuses – Gossiping and news
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We always hear this term, other people’s money. And one of the things I say, well, if you’ve got money yourself, you need to be investing that first, before you get other people’s money and become a master asker. Ask people, Hey, do you know somebody that might have some idle funds, some IRA, 401k, personal funds that they would love to deploy. Earning market rates instead of 0.0% in their bank account. You know, quick question, just to talk to people, asking people, do they know somebody that.
And using other people’s money can leverage your business dramatically because now using the skills that you’ve learned, for example, finding deals in real estate. You’ve used those skills now if you just had the cash, you could do that deal yourself instead of flipping it out to somebody else. One of the things I love to do is the buy and hold strategy to be able to hold onto properties long term and produce income forever. And that’s certainly something that can come from what I’m sharing with you.