First thing I know most peopel are thinking is, "OMG why would I invest in MS?" Before the GO zone all I knew about MS was m-i-s-s- ... If you'd told me 4 years ago I'd be investing in MS, I would have told you you were nuts.
It goes back to our premise that it's areas like MS - there are these pockets, like MS, throughout the country that afford us the luxury to live the lifestyle we live - right here in Rancho Santa Fe - the single wealthiest area of San Diego. Homes in this community are 4, 5, 10 , 12 million dollars.
If I'd just kept our investments to our back yard, to SD, our back yard, I'd be limiting myself. What most amateur investors don't understand is you have to expand beyond yoru back yard. You have to go where the numbers make sense, you have to invest where the money is. If you stretch yourself, that's where you're going to find huge profits, expand yourself as a RE investor and truly make some significant numbers. Not make 10 or $20,000, but to really make 7 figures a year - to be able to make a milion, 2 million, dollars in income every eyar. You're not going to do that in your own backyard, you need to expand beyond it.
We always believe that there's only 3 types of money we're focused on: obscene, ungodly, embarassing amounts of money. And you should too. If you're gonna go, go big. Why put yourself in a position where you're going to be settling on a life of mediocrity? I always tell my kids, go big or go home. Be in a position where you're not working for someone else - many of you have, I have - and I gotta tell you, that's not the way to personal freedom.
For me it's about being able to do what I wanna do, when I want to do it, with whom I want to do it, any time I want to do it. The perfect exaples is I've taken 3 life sabbaticals. And I didn't just take off on vacation, I took 3 sabbaticals with people I cared for. One was with my older son, when he was a senior in high school. We had an opportunity to look at colleges for a cuple of weeks together, that tunred into 6 months together, looking at colleges and talking about life. I did the same thing wiht my younger son, we took six months together. And then lastly I took the last 6 months of my dad's life in his journey with cancer. So if you think abou that, I've had the good forutne - that didn't come by accident, but by design - to be able to take 18 months of my life and dedicate it to otehr people I cared for, to help them to where they were trying to go quicker.
That's what we want for you. That's what we want for ourselves. If you've got that kind of flexibility, personal freedom, it will based on one thing - and that's your ability to make money. It's your ability to earn a substantial income and accumulate substantial wealth.
Consistently. Not a one-shot wonder. And to Dave's point, my addiction is cars. I love cars. And many cars. Very fast cars. But beyond the cars, I have a stable of cars - a lamborghini, things of that nature - but beyond that it's really being a dad.
I love being a dad. I have a little 7 year old daugher Savana, a little son named Rocket. Chief's my real name, so my son's name is Rocket. Every morning I wake up, we have breakfast face to face, where we have our time, i can start their day, I can shape their day. As they go to school, I go and do my stuff, go out there invest and do what I need to do. Then here shortly in about a half an hour they come home and I spend the rest of the day with them. Not every single day, but for the most part being a dad. To be able to coach both their teams, to watch them grow up. I can't think of a greater gift - a greater responsibility - than to really raise your own darn kids. And if I had monday through Friday, 9-5, I couldn't do that. But to be able to focus on real estate investing has been able to
those key markets, and time those markets, has afforded me the lifestyle that I want. To live in Rancho Santa Fe, to drive quarter-million-dollar cars, and to just be a dad. To create thos emoments - I don' tknow which ones they're going to be, but I"m creating momnents.s It's not about quantity, it's about quanlty. We always have great conversations about being great dads, and it sounds funny but it's the money that's allowed us to live the lifestyle - to shape our lives, live our lives by design.
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2:03Cash Flow equals Life Style. Real Estate Invest...by TheDealFunders177 views
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