Transform your Mind with Coach Myrna
Summary: Coach Myrna Young interviews guests on the Mindset Transformation radio show and offers weekly advise on how to live your best life now by transforming your mind.
This week on the Fund, Fix and Flip Real Estate Investment series, Trainer Trevor Evans teaches How to Invest in Real Estate with No Money. In this segment Trevor teaches our listeners on the following: 1. What are some strategies to purchase real estate with little or no cash? 2. What does Hard money lenders look for in a good deal? 3. How do you make your deal attractive to a Hard money lender? Strategies to use other people's money to fund your real estate investments: 1. Using your credit cards to fund your deals. The more credit you have the better off you are! 2. Hard money Lenders. Hard money lenders look at the asset and not at your credit score. 3. Borrow money from friends and family. You convert them into Hard Money lenders and pay them a good interest rate. 4. Borrow from your Whole Life Insurance policy. 2. Take a loan from your 401K. 3. Take out an Equity line of credit on your personal house. The commonly used strategy in real estate investing is the use of a Hard Money Lender. So, if the Hard money lender does not look at your credit, what does he look for? 1. Your expertise. Most Hard money lenders want you to have 3 investments under your name. This does not include your personal residence. 2. The ARV or after repair value. The property must have equity before the deal is made. 3. How did the property come on the market. Eg is it a Foreclosure, short sale or probate. 4. What is your exit strategy? Are you buying to hold or buying to rehab and Flip. 5. How long you need to complete rehab work. 6. How much is the estimated cost of repairs. Tip of the week: Confessions of a Hard Money Lender -And Why We Hate Hearing “I Need 100% Financing” Make no mistake, hard money lenders need borrowers to deploy their capital and get a return on investment for their capital partners. They often enjoy repeat business – real estate investors aren’t typically one-time borrowers, so asset-based lenders like hard money lenders or private money lenders value the business relationships they develop with quality borrowers. One way to invest in real estate with no money down or little or no cash is to borrow from Hard money lenders who charge high interest for short term loans. When hard money lenders provide a loan, they want to be confident that the borrower is able to repay the loan on time. If the borrower isn’t able to pay back the loan, this creates a great deal of extra work, stress and potential financial loss for the lender. A strong borrower with a significant down payment (or equity in the property) and cash reserves has the best chance of obtaining a hard money loan and succeeding with their real estate project. Sponsor AD : Myhelps Real Estate Investment Services Are you looking to invest in the south Florida or Fort Myers market? The time is ripe for investors. Call Myhelps Real Estate investment Services LLC at 954-999-6125 for all your Sales, Rentals or Property Management services. We are licensed in real estate and property management and will buy or lease your house. Don’t delay, Call today 954-999-6125 or contact us @ http://myhelps.us/contact-us/ Looking for a Hard Money Lender? Here is an article from Connected Investors on how to get bids on your project. real-estate-investing-funding-portal-
Have you found your purpose? Our topic today is "How to find your purpose" by becoming a Diamond. My guest today on Mindset Transformation radio and podcast is Marlene M Bryan, inspirational speaker, author, business coach and President of Small Biz Evolution. Marlene is going to teach us "How to find your purpose" by becoming a Diamond. Marlene asks this question: Do you remember the day you asked: “Why am I here?” “Why was I born?” “Why don’t I know my purpose?” And the best of all: “Why me?” It’s okay to ask the question why? Yet some people get hung up on the “why” and never move forward or take action to put what they have learned into action. Coach Myrna tip of the week comes: From the book "As a man Thinketh" by James Allen on the topic "Thoughts and Purpose" Until thought is linked with purpose, there is no intelligent accomplishment. Those who have no central purpose in life, fall an easy prey to petty worries, fears, troubles, and self-pitying; all which lead to failure, unhappiness, and loss. For weakness cannot persist in a power-evolving universe. A man should conceive of a legitimate purpose in his heart, and set out to accomplish it. He should make this purpose the centralizing point of his thoughts. He should make this purpose his supreme duty, and devote himself to its attainment, not allowing his thoughts to wander away into ephemeral fancies, longings, and imaginings. Even if you fail again and again to accomplish your purpose (and you must until weakness is overcome), the strength of character gained will be the measure of your true success, and this will form a new starting point for future power and triumph. Those who are not prepared for the apprehension of a great purpose, should fix their thoughts upon the faultless performance of their duty, no matter how insignificant their task may appear. The weakest soul, knowing its own weakness, and believing this truth- that strength can only be developed by effort and practice- will, thus believing at once begin to exert itself adding effort to effort, patience to patience, strength to strength will at last grow divinely strong. Only by searching and mining are gold and diamonds obtained, and man can find every truth connected with his being, if he will dig deep into the mines of his soul! Our topic today is "How to become a Diamond by Finding Your Purpose" Diamonds are created far below the earth's surface from immense pressure and heat. Diamonds are the most indestructible element. How does finding your purpose compare to mining for diamonds? We come into this world from pressure. But we come into this world as coal in the rough says Marlene Bryan. Similarly to the diamond we need diamond cutters to shape us. Our diamond cutters are our parents, teachers, coaches, mentors, relationships, They cut and shape us either to shine like a Diamond or stay as coal! Finding your purpose make you a diamond because then you will believe that you are precious. How do you find your purpose? Your purpose can come from a place of pain or from something you love. If you can't figure it out, get the help of your diamond cutters! Ask them what you do well or what your talents are. Pain is an energy much like anger that moves us out of our comfort zone into our purpose. What are the 4 C's of a diamond and how does becoming a Diamond Help us Find our Purpose? CUT: The cut of the diamond determines its value.
Welcome to the Mindset Transformation blog and podcast with Coach Myrna Young. Today my guest is Swami Brahmananda Saraswati. Swami G as he is affectionately called, has a mission to help over one million people find Hardcore Happiness and true success. He has designed a master class on How to find hardcore happiness and true success. In this Master Class, you will learn: . Why Happiness Matters (+7 meditation download) . Happiness Formula Blueprint (+Happiness Visions Statement) . 4 Biggest Happiness Killers (+Mini-Survival Guide) . Your Happiness (Moving Forward) . Free Live Webinar #1: Happiness Fast Track . Free Live Webinar #2: Success . LIVE Facebook and YouTube Q&A At the end of this training you will have learned: How to find your purpose, How to live your life to the fullest and achieve happiness here and now, without having to wait/delay or postpone feeling vibrantly alive every day! Register Now! www.nakedmoment.com/transfrom In keepin with the theme of my podcast and blog, I always like to leave you with a tip of the week from Coach Myrna. This week my tip of the week comes from the book by Deepak Chopra, The 7 Levels of Fullfillment. Happiness comes from fulfillment, Deepak Chopra’s book the 7 Levels of Fulfillment, references 7 ways to find happiness from fulfillment. In order for us to find fulfillment we must be Open and Activate or awaken our inner sources of calm, love, and truth, Spiritual awakening is natural. The process is like waking up in the morning and opening your eyes to the light. There are seven levels of Fulfillment, When you are fully connected to the light of being which is the light of the self. There is a light that shines beyond all things on earth, beyond the highest heavens, This is the light that shines within you. 1: The First level of fulfillment is pure potentiality 2: The 2nd level is Fulfillment from Giving 3: The 3rd level is Fulfillment from Sowing and Reaping 4: The 4th level is Fulfillment from Love 5: The 5th level is Fulfillment from The Desires of your Heart 6: The 6th level is Fulfillment from Detachment 7: the 7th level Fulfillment from being on purpose Let me tell you a little more about my guest today Swami Brahmananda Saraswati. • Swami Brahmananda Saraswati was raised in India and at age 4 began studying with ascended masters in an ashram in the Himalayas. By age 12 he was teaching yoga and meditation at the ashram's yoga school. In 2009 Swami left India to study pre-medicine at a university in Iowa: Maharishi University of Management. He has taught 1000s of people yoga, meditation, and Ayurveda. Now he wants to bring happiness to an even larger audience. Swami is warm and gentle teacher full of light and enthusiasm. He was taught powerful practices that have been independently validated by science to be beneficial to human health including stress reduction, enhanced well-being, creativity and productivity. His compassionate and knowledgeable approach to teaching allows full spectrum learning. He says often we have 100% freedom and 100% responsibility, and this world is dominated by action. Through his teachings and exercises many people have transformed their live...
“A real estate wholesaler contracts with a home seller, markets the home to his potential buyers, and assigns the contract to the buyer. The wholesaler makes a profit, which is the difference between the contracted price with the seller and the amount paid by the buyer.” Tip of the week: So What Exactly is Wholesaling Real Estate? Wholesaling is often marketed as a low-to-no cost way of getting into real estate investing and this can be true. A new wholesaler can certainly profit with a much lower initial cash outlay than an investor who has to buy a property and rehab it. However, the successful wholesaler has to have a firm grasp of what makes for an attractive deal – once you understand this process of wholesaling, it becomes much easier and can be broken down into a serious of repeatable steps. Word from our sponsors: Are you looking to invest in the south Florida market? The time is ripe for investors. Call MyHelps Real Estate Investment Services Services LLC at 954-999-6125 for all your Sales, Rentals or Property Management services. We are licensed in real estate and property management and will buy or lease your property. Don’t delay, Call today 954-999-6125 My co-host today on this podcast is Trevor Evans. Trevor is a Professional Speaker, Real Estate Investor, Retail Store Owner. Speaker/Trainer for Rich Dad Education and Founder of Personal Awakening brand "Being Normal Sucks." Trevor has also been married for 19 years and have 2 beautiful daughters ages 22 and 18. Bio: Coach Myrna Young – Certified Professional Spiritual, Life and Executive Leadership Coach, Motivational Speaker, Published Author, Realtor and Real Estate Investor Past president and CEO of A Royal Livery Limousine Service, and Entrepreneur of the year, Myrna is now the President and CEO of MyHelps Consulting LLC. I am also married and the mother of 5 children. Myrna currently lives in South Florida. Are you on a journey to find happiness through the doorway of wealth? Living in financial abundance is one way to find happiness but not fulfillment. You deserve happiness, and you CAN attain it. The Transform Your Mind with Coach Myrna podcast has entered into collaboration with with Swami’s Brahmananda to offer my listeners guidance and the power of an entire community of happiness seekers, so you too can wake up happy. For more information please clink the link below and start your Happiness journey www.nakedmoment.com/transform Show Notes: • Topic: How to get started with real estate wholesaling 1. Question 1: Tell us of your path to becoming a Speaker/Trainer for Rich Dad Education. 2. Question 2, What do you feel is a step by step plan to becoming a Real Estate Wholesaler? Step 1: Create a Database of buyers: Contact local Rehabbers and Contractors and ask them what kind of properties they are looking for to rehab. You can find them at your local Chamber of Commerce or your local REIA Ask them these questions. 1. What kind of properties are they currently rehabbing? 2. Type of properties they like to work with Eg. Single family or multi family? 3. What are they certified to work on? Eg. Are they certified to work on burn down or water damaged properties? Step 2: Put an AD on Craigslist Ask the following questions when you get responses to your AD 1.
Finding beauty in your Now is the point of all power that unlocks healing, growth, strength, peace, desires, success, and happiness says my guest this week on the Mindset Transformation radio show and podcast. This week I interview Aireka Harvell, aspiring motivational speaker who focuses on transforming the minds and lives of women with her blog “Be That Woman.” She is also the Founder of Nodat Place Advertising LLC. where she encourages and promotes female entrepreneurship and offers daily motivation and support through her social media platforms. Today our topic is "How to find Beauty in your Now" Aireka has a powerful story of overhearing a mother telling her son that she was ugly and that she would treat him better when she was just 9 years old. That tag stayed with her throughout her life and gave birth to low self esteem, becoming a Pleaser and allowing her husband to mentally and physically abuse her. Aireka lived in darkness for most of her life, until one day she heard the voice of God telling her to Help other women "Be That Woman" he made them to be. Today she has a huge following on Instagram and on her blog and offers Hope and Encouragement with her daily posts. Listen to find out How to control your mind and bring it under subjection when thoughts of fear and hopelessness threaten to stomp out your joy. Learn that there is opportunity to learn and grow from every situation. The tip of the week from Coach Myrna is an except from the book The University of Success by Og Mandino A Conversation with our manufacturer (God) God: Tell me "what is your purpose down there on earth" Man: Well you know "I want to work hard and not hurt anyone, and I want to get along with folks and stay out of trouble" God: "But what about your talents" Man: Well what talents I have and there are not much, I take good care of. I kind of pace myself, you know. No, No,No God shouted, your answers are all wrong. Don't you remember the story of the talents? Man: Yes I think so ... You gave each of three men a different set of talents. To one man, you gave five talents. To another man, you gave two talents. And to the third, you gave but one talent. "That's right says God: and some years later I checked up on each of these three men. I was pleased to find that the man with five talents had multiplied his talents by working hard, and applying each one. The man whom I gave two talents had also labored hard and multiplied them. But when I checked with the man I had only given one talent, I became very angry. For that man had buried his talent in the name of protecting it. To which I cursed him saying "thou wicked and slothful servant" how dare you not use the gifts I gave you. You Knew that I reap where I have not sown and gather where I scattered no seed. Do you not get the point of this parable? Man: Yes I think so. I am to use the talents you gave me and multiply them to help others. God: Let me ask you another question "Who is in charge of your life?" Man: I am responsible for my life - but with a few exceptions. I mean sometimes you just don't get the breaks, you know. Sometimes things just don't go my way, but that is the way the ball bounces or the way the cookie crumbles" God jumped to his feet "No, No, No, he shouted. "When will you learn, you are totally responsible for your life, no exceptions. You are totally responsible for the results you obtain. Not your mother, not your father, not your boss. It's not the breaks,
Episode 2: Real Estate Investment, Rental properties: Fund, Fix, Flip series - Are Rental Properties worth the Headache? Joke of the day: A young woman, pursuing a graduate degree in art history, was going to Italy to study the country's greatest works of art. Since there was no one to look after her grandmother while she was away, she took the old lady with her. At the Sistine Chapel in the Vatican, she pointed to the painting on the ceiling. 'Grandma, it took Michelangelo a full four years to get that ceiling painted.' 'Oh my, 'the grandmother says. 'He and I must have the same landlord.' A few weeks ago I interviewed my co host Trevor Evans on the topic “The path to Financial Freedom” We received such an overwhelming response to that topic that I decided to have a spin off on Real Estate Investing. This is episode #2 in the series: Real estate investing “Funding, Fixing and Flipping. Is Owning a Rental worth the headache? As a realtor for over 17 years, investing in rental properties has been my space up to this point. I own several rental properties and I also manage several rental properties. My co-host for this podcast is Trevor Evans: Speaker/Trainer for Legacy Education Alliance and Rich Dad Education. Trevor is also an Entrepreneur, Real Estate Investor. Banker and Founder of Personal Awakening Brand “Being Normal Sucks.” I met Trevor earlier in the year when I attended a Get Motivated Seminar and signed up for a 3 day real estate investing seminar. I met my co host Trevor Evans at this program and let’s say his vast knowledge on the subject of investing in real estate opened my mind to new opportunities. I didn’t know what I didn’t know! His knowledge base was extensive. I immediately enrolled in the Legacy Education Alliance investing in real estate training program. This week’s tip: What is your best choice as an investment? From the book “Your money and how to keep it by Brian Costello” Real Estate will be a natural choice for many as an investment vehicle. Generally, real estate can be counted on to rise in value over a period of time. If you want short term investments, you can use short term investment vehicles like treasury bills. Other options are gold, commodities and the options market. Small investors are now also switching to Mutual funds because they offer a great deal of flexibility, and they can be cashed in at any time. So, the best investment choice depends on your country laws as it relates to Capital Gains tax vs interest tax. In the USA and Canada, interest is taxable while you can make a lot of money tax free with capital gains. Todays episode of Fund, Fix and Flip is sponsored by Myhelps Real Estate Investment Services. Are you looking to invest in the south Florida market? The time is ripe for investors. Call Myhelps Real Estate Investment Services at 954-999-6125 for all your Wholesale or Rehab purchases, Buy and Hold Rental properties or Property Management services. We are licensed in real estate and property management services and can also buy or lease your home. Don’t delay, Call today 954-999-6125 In episode 2 of our series “Real Estate Investments: Fund, Fix, Flip” episode 2 we are answering the question “Is Owning a Rental worth the headache?” Show notes: What are you doing that is causing the headache? 1. Not properly screening the tenant. Most investors are stressed to put a tenant into a property because it costs to have a vacant property. That is the underlying reason that they short the scre...
The number one mistake people make when investing in real estate is investing before understanding the rules. Listen to learn the rules to win the game of investing in real estate. A few weeks ago I interviewed my co host Trevor Evans on the topic “The path to Financial Freedom” We received such an overwhelming response to that topic that I decided to have a spin off series on Real Estate Investing. Trevor Evans is a Speaker/Trainer for Legacy Education Alliance and Rich Dad Education. Entrepreneur, Real Estate Investor. Banker and Founder of Personal Awakening Brand “Being Normal Sucks.” We will start off our series teaching on one of the most popular investment strategies in Real Estate Investing “Funding, Fixing and Flipping. Doing my research for this topic, I found that there is a plethora of mistakes beginning investors make when working with rehab properties. Many of them because of watching shows life MTV’s Flip or Flop where they always end up making the right choices and thus make thousands of dollars in profit! My co host and I both agree, since we are both Abraham Hicks students, there is nothing wrong with looking for contrast around you and choosing what you want to bring into your vortex. We are setting the intention that all you would be investors or current investors will gleam from our knowledge and make fewer mistakes with your real estate investments. So if you do fail, you would fail forward! One of those investment vehicles is to Fund, Fix and Flip houses. It is by far the most popular vehicle because of the opportunity to make a lot of money quickly. So, make sure you tune in to this podcast twice per month for our series or subscribe to my podcast so as not to miss anything! In keeping with the format of the show, I want to leave you with my tip of the week. This week’s tip of the week: Winter is the best time to purchase Real Estate” From the book “Your money and how to keep it” by Brian Costello "While economic development can make a difference when it comes to purchasing a house, there is no question that winter is by far the best time to buy. Think about it for a minute, the weather is freezing cold, the winds are gusting, everything is covered with snow, everybody wants to stay inside where it is warm – and those few who do go outside to see houses that look unattractive because they are knee-deep in snow are serious buyers. Could there be a worst time to be out braving the elements looking for a house? No. And that’s exactly what happens. Everybody sits tight. No one even thinks about buying a house in the winter months. They are all waiting for the grass to turn green and the flowers to start to bloom. In the meantime, houses are being put up for sale. The biggest reasons for selling a house still affect the marketplace, no matter what the weather. They include family breakups, company transfers, deaths, and financial hardships. When a family splits, it’s not uncommon for the house to go up for sale right away as neither spouse has enough money to pay for it outright. If your boss decides to transfer you to another city, you generally have no choice but to move. As a result, your house might be on the market right away, no matter what the market is like. Most of us can’t afford to pay the cost of accommodations in two different locations. Death, financial hardship,
How to Overcome Fear and find Joy: Fear is an energy. Thoughts are the most powerful energy force in the universe. Thoughts can be either positive or negative. Heading up the rear of negative thoughts, is fear. It is the bottom feeder or all the emotions. If you allow fear to linger in your body and in your mind, It will not only attract the thing you fear the most into your experience; but it will also bring disease to your body. All diseases can be traced back to negative thoughts and fear. Negative thoughts transform your body into an acidic state. Fear is a negative thought magnified to the 1000th degree. In fear mode, your body is activated in the fight or flight mode. Your body tenses, your breathing is shallow, your heart palpitates, your blood pressure is elevated, your hands and body sweat. Not a good place to dwell! Unfortunately, your brain cannot detect the difference between your imagination and reality, so the person in the grip of fear cannot tell the difference. They cannot tell that it is "False Evidence Appearing Real." Today I want to teach you how to use positive energy to clear the negative energies of fear. But first I want to review one of the Spiritual Laws of the Universe. "The Law of Sowing and Reaping" We all know of the physical laws like Gravity. Some laws are physical and some are Spiritual and quantum. Understanding the spiritual "Law of Sowing and reaping" can change your world. Understanding that whatever you create it in the spiritual world of your thoughts will manifest in the physical world. Put another way, that means whatever you plant in the fertile soil of your mind, will manifest in your physical world. Just like planting an apple tree Except that in the spiritual world; The soil is your mind, The seeds are your thoughts, The water are your actions, And The sun is your feelings. If you allow fear to dwell in your heart and mind every day you will manifest an apple orchard in your reality. Energy flows where Attention Goes Whatever you focus on expands. Everything is energy and all energy attracts similar energies. You can't put out negative energy and expect positive results. You can't plant apple trees and expect oranges. Likewise, you can't focus on what you fear and produce a successful result. If you are constantly thinking of the things you fear, you are planting a seed and based in the universal Law of Reaping and Sowing, it must germinate. The mind or consciousness is connected to reality. Think of something strong enough or long enough to and it will eventually manifest in your reality. These are six words you must stamp on your mind "You become what you think about" When you realize that your mind is a garden you will begin to plant only the things you desire. Exercise: write down something that is opposite of what you fear and start giving it the same attention you have been giving your fear. Since light conquers darkness, it will eventually have your fear for lunch! Imagine you having fun traveling the world in crystal clear clarity. Say daily affirmations that compliments your desire. Visualize your goal so much that sometimes you are not sure what is imagined and what is reality; the same way that you let fear take you out of reality. Don't get disappointed if it takes time to perfect this. Remember that positive things take time to manifest, it is the negative ones that show up quickly. Weeds will sprout up; negative thoughts of failure will sprout up...
Need to build confidence? This week on Transform your Mind podcast with Coach Myrna, I interview Confidence mentor Di Ridell. Di is going to talk to us today on the subject "7 Ways to get your confidence back after a divorce of death of a spouse." As I do every week, I would like to leave you with my tip of the week on "6 Ways to get your Confidence back or to build it up." Tip of the week: 6 Tips for Building Unstoppable Confidence: Building true confidence after the betrayal of a partner is a gradual process. No one is going to turn into a positive, self-confident person overnight. But if you're in need of a place to start, here are 6 tips to get you back on the horse. 1. Stop comparing yourself to others. The worst thing you can do is compare yourself to others. I know from experience that this is a confidence killer, especially if you are comparing yourself to someone younger. Remember that you're only seeing the surface of their lives and looks, not the underlying reality. Focus instead on what's important--your own strengths and goals. 2. Keep your limiting beliefs at bay. Even the most successful people with healthy relationships have limiting beliefs about themselves, but the biggest difference is that they choose to focus on their strengths and possibilities instead of their limits. 3. Live in a positive reality. Don't say anything about yourself that you don't want to become a reality. Positive thoughts and words alone won't make you a more confident person, but confident people do think a lot of positive things about themselves. Remind yourself of what you're capable of and what you've already accomplished. 4. Don't mask it. Self-confidence isn't the impression you give others; but how you feel about yourself. It's all about who you are, where you are, and where you want to be in your own life and relationships. 5. Change what you can. Confident people know they cannot change the past, but they can change the future. They make daily choices that lead them toward the future they want to live out. 6. Be fully committed. Be fully committed to doing whatever you can to build your success every single day, accepting full responsibility for your life. If it gets uncomfortable, you're probably on the right track! Don't procrastinate, do what it takes without agonizing or drama. My guest today is a toastmaster's trained Speaker, self published Author , Facilitator and MC . Master Practitioner of NLP, Certified Life Coach and Confidence mentor. Tune in to hear Di's story of how she was gang raped at 15 years, forced to give the baby up for adoption and told that she was worthless and that no good man would want her. She ended up in a 31 year marriage that restored her confidence until her husband died and she had to find the confidence to start over and date in the second half of life. This article from Howard Tullman on How to get your Confidence Back and Jeffrey R. Carter Says: When you loose your confidence, you focus on your fears and not your hopes Powerful interview, don't miss it if you are lacking in self confidence. Show notes: 1. Tell us your journey to becoming a confidence mentor. 2. What is Confidence - is it magical? How we get and lose it? 3. How has confidence contributed to what you do? 4. What advice do you have for women 50 + who have lost their partners or gone through a ...
The path to financial freedom comes from the quality of our lives. This is true wealth. True wealth does not depend on how much we accumulate, save, or spend our money. True wealth comes from who we are on the inside, and not by what we do, or what we have. We cannot measure our self-worth by our net worth! The first step to financial freedom is to make the mental shift, that your world in here, will be reflective of your world out there. This week on Mindset Transformation radio, I interview Trevor Evans, teacher/trainer in real estate investments. Here is a tip of the week from coach Myrna: There are 2 types of people in regards to wealth, one who is magnetized and full of confidence and know his potential, and the other is demagnetized and full of fear and doubt, and he tells himself I will fail, I could lose my money, people will talk about me behind my back etc. So, he does nothing. He takes no risks! As you have probably figured out, the demagnetized man will never get very far. I love the parable Jesus told about the man who was going on a long trip. He called his servants and entrusted his money to them while he was gone. He gave 5 bags of silver to one, two bags of silver to another, and one bag of silver to the last. The servant who received the five bags of silver began to invest the money and earned five more. The servant with two bags of silver also invested and earned two more; but the servant who received one bag, dug a hole in the ground and hid the master’s money. When the master returned, he was full of praise for the two servants who invested his money and increased it; but the servant who gave him his money back with no increase he called “wicked and lazy.” The moral of the story was to those who use well what they are given, even more will be given to them; but those who take no risks and do nothing, even what little they have will be taken away. There are 3 honest ways in this life to get money. 1: The first is to work for it. The common consensus is that with a few exceptions you can never become wealthy working for someone else. 2: The second way is to inherit it. For most of us, inheritance is not a sure bet. 3: The third way to make money and the most powerful way, is to invest it. Let your money work for you. Compound interest is one of the most powerful tools in the accumulation of wealth. Let it work for you. Do you know if you put $2000 in your 401k at 21 years old and let it grow with an annual compound interest of 10%; at age 65 it would have grown to over $1,000,000? I love this article from Inc.com Financial freedom in America Nassim Taleb said, "The three most harmful addictions are heroine, carbohydrates, and a monthly salary." But salaries, fed through cubicle farms, are worse than addiction: salaries are slavery. While starting a company may emancipate you from salary slavery, most founders are enslaved to their startups -- trading family time, personal health, and happiness for late nights, long commutes, and stress. So where's this freedom in the Land of the Free? This week on Mindset Transformation radio w/ coach Myrna and podcast, I interview Trevor Evans, Speaker/Trainer. Trevor is going to talk about the mindset of an investor, what you need to do to think like an investor and not an employee as well as some foundational tools of real estate investing. Our sponsors for this episode are A&C Limousine service and Young Real Es...
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