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.
Successful people pay attention to life. They don’t make excuses.
If they are late or are not able to do something, they will own it and learn from it; but they don’t use anything as an excuse.
Give up making excuses. Embrace the fact that something might happen and share that with other people.
Another thing Lou Brown sees people do is instant gratification. Poor people see something and buy that immediately.
Rich people are careful about how to spend their money. When they have a big chunk of money, that’s when they spend on what they want.
One of the things Lou Brown teaches is that he has never been to the bank, he has never qualified for a loan for a single or multi-family property. This is because he learned to borrow money from nice people who want to see their money be invested.
Saving money is a big deal. This is something poor people often don’t do.
There are many things that attract people to purchase. One of the disciplines in life is to put money aside and turn it into an investment in the future.
It can become the foundation for building a solid business.
Saving money is a good thing if you have the opportunity to do so.
One of the lessons that a lot of people don’t do is math. Doing the math is very important.
People can jump into an endeavor with an idea of what they can make but they don’t actually crunch the numbers. This can be dangerous.
So always do the math and understand the numbers first.
Sometimes, poor people believe that there are only certain things that they can do.
Lou Brown believes otherwise. He knows that he can make a profit from different opportunities available out there.
With his real estate business, he adds on new profit centers such as offering services to sellers, buyers, and even lenders.
Don’t limit your belief on opportunities.
Having been brought up poor, Lou Brown’s mother got up and get to work. There are no government programs or handouts. They work to make money and buy groceries.
This is why Lou doesn’t believe he is entitled to ANYTHING. God put everyone on this planet to learn and create. And this is all available for everyone.
Poor people do that rich people don’t are limiting beliefs. This means there is only a certain level or limiting belief that they look at.
For example, if you believe that you can only make $50,000 a year, then that’s all you are ever going to get.
Remove the limit and shoot for the sky.
For Lou Brown, focus is important to be successful. What you focus on, occurs.
Many times, people take on so many things. What happens is everything falls apart.
Plan in advance what to focus on each day and even each hour. Rule out everything else.