Getting Financially Educated

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It’s been a real eye opener getting educated in the financial world.  Debt, both good and bad, has a huge learning curve in itself. Then add credit and credit scores,  investing,  tax issues, etc., and it becomes easy to get overwhelmed.  For the average person (95%), understanding the terms and better yet the vocabulary can take a lot of concentrated time and effort.  Unfortunately, we don’t have the time to search and sift through all the general information that’s available.  I prefer to focus on what is affecting us now.  Since I am involved in investment real estate, both credit and debt are important  to me, especially now.  Even more pressing is my immediate cash flow situation.  Many of us are having the same problems.  Whether you are experiencing a job loss, a business owner that is seeing sales or service requests at an all time low, or you’re self employed getting hit by the financial market like the mortgage and real estate brokers,  we are all hit in one way or another.

I have both good debt, (real estate) and bad debt (credit cards).  Now with the financing issues going on I have been unable to pull the cash out of the real estate needed to move forward.  I would be OK with that if the cash flow was there to get me through month to month.

There is always a way out.  We just need to be persistent and continue moving forward.  For me it’s about the education.  There are alternatives both short and long term.  I have immediate goals as well as long term goals so this will never affect me again.  There are many information sites touting a free financial education.  Those bother me.  This may be why we are in the mess we’re in.  A lot of this information is coming from our banks involved with the bailouts and investment companies that have lost most if not all of their customer’s retirement.

In the mean time I’ll keep looking for solutions to our dilemma.  I have several working now and will continue to keep you updated as I learn new things.  Stay with me if you can.

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Financial Security Survival Plan

If you are at all concerned about financial security, you already have a survival plan in place.  If not, you’ve been asleep at the switch. The time to create a plan for financial security is before the economy tumbles, not after it’s already sinking. Regardless, in this case the old adage “better late than never” clearly applies. If you don’t have a plan for financial security in place now it’s time to create one.

It was that lack of knowledge and expertise that ultimately lead me to CarbonCopyPRO, the marketing organization that supports Wealth Masters International (WMI) financial consultants. The firm handles back office tasks such as website development and management, copywriting and content development, publicity and public relations, as well as call center operations, thereby freeing the consultant to focus on other, higher value activities.  The resulting stream of high quality, qualified leads helps WMI consultants to jump start their business and to realize explosive growth over time.

CarbonCopyPRO has the online marketing business laid out step-by-step where you cannot fail if you follow the plan.  I wanted a company that could help grow my business, jumping in where I either fell short of knowledge or lack of time to do what was necessary to grow.

Start today to map out what financial security means to you and how you plan to achieve it. Once your plan is in place, immediately put into action. This is not a drill. The economy is bad and getting worse, and if you want to survive you need to be taking action now.

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Buying Real Estate Books and Courses

You can read all the books, buy the manuals and even attend the boot camps, but you need to jump in and buy your first property to experience the thrill of being a real estate investor. I’ll be posting on how I got started and my experiences as I grow my business.

I found out early that the gurus weren’t telling everything. Maybe they just had not experienced some of the situations I found myself getting into. Or, maybe it was that they knew what to look for and avoided those same issues. Probably the latter, and I wasn’t listening!

Oh well, all has turned out just fine. I would have done things different knowing what I know now, but it’s not to late. Actually it has only been 3 years since I started this venture, so I guess I can’t complain. My only complaint would be that I didn’t start my online business and look beyond real estate for getting my financial education until now.

My first multi-family project consisted of 20 units.  Actually they are five 4-plexes on the same street.   The course I bought gave me the education I needed to get started.  It eliminated the fear (most of it) and gave me the courage to move forward.

To Be Continued…

Be sure to link to my Blog as I continue my journey!

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My Cash Flow Plan

As an investor for the last two years I have accumulated houses, apartments, and an office building. My net worth has increased substantially, but my cash flow is still not where it needs to be. Since I have time during the day and I am always looking for new business opportunities, an online business is the perfect fit.

It’s funny how things work. You start thinking of certain things and they seem to fall into your lap. Mine actually came by email, but the same idea. There it was…..
LEARN how to sell anything online using our FAST start program. Needless to say I had to check it out. There’s a lot of stuff (garbage) out there so I was a little hesitant.

I really didn’t want to spend a lot of time on the learning curve so that was one thing I did look for. A step-by-step plan that I could implement right away. I’m not very patient and I have a hard time focusing on one thing for any length of time. I think that there’s a name for that, but I don’t let it get to me. I have learned to not sweat the small stuff.

Anyway, I FOUND IT! Not only am I learning how to market online, I can have it done for me! No daily calls that I have to make, meetings, or one-on-one. This is really the best of the best. All the training anyone would ever need with videos, recorded conference calls and webinar archives to show you everything you need to know to market ANY business online. No reason to reinvent the wheel when you can copy the pros! Their name says it all. CarbonCopyPro!

Teaming up with CarbonCopyPro has given me the opportunity to grow my real estate business and create a cash flow with no limitations. The creator of CarbonCopyPro, Jay Kubassek, has copied his success for us all to learn from. Listen to Jay and you will see what I mean. www.jdm1yearplan.com

Jack

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Hi, My name is Jack Meyers

I’m a full time real estate investor and online marketer.

Owning apartment and office buildings has given me the great opportunity to also spend time networking and meeting new friends. Before I got into the real estate I spent 15 years in the ice cream business. How exciting is that! 1pm every weekday was spent tasting and evaluating the previous days production. I left that business over two years ago to pursue my dreams.

I have been a full time real estate investor for over 2 years now. As we all know, 2008 was a tough year for a lot of people. I had a great plan at the beginning of the year as to where my cash was coming from, how I was going to relieve my personal debt and most of all, how I was going to grow my business. All that went to the wayside because of the hype in the financial market. As far as my investments, they did well. The rehabs got finished (almost) the properties stayed rented and my net worth actually increased quite well. But, that’s all on paper at the moment. (Hard to eat)

Now it’s a year later. My plans changed drastically. Even though my investments have fared well, I struggle every month to pay my personal bills. The properties do cash flow, but not enough to cover my living expenses. I will continue to find good deals and make offers. That does work!

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