Making the choice
By now, you know what I’m doing. For those that don’t, let’s quickly refresh. I’m purchasing non-performing promissory notes secured by real estate. Typically, these notes are when the homeowner/borrower is severely delinquent on their house payments, yet the bank has not foreclosed. I’m able to purchase that note for a significant discount, and through some well-vetted vendors, work to find a solution that can keep that borrower in their house. It doesn’t always work, but that is the model.
I’ve also been working to make you knowledgeable on the entire process, and illustrate how you can be part of my team. By accessing your under performing investment vehicles, whether an IRA, and old 401k, or other idle investment funds, I’ve shown how relatively small investments can create a great return.
I’ve been contemplating what motivates people to take action. One of the factors comes down to people doing what they want, rather than what they need. Here’s what I mean. Most of us probably received our year-end IRA statements in the mail this month. Now, did you simply file it away for your submission with the rest of the stuff for your tax professional, or did you study the statement, compare it to your quarterly statements and last year’s statement, and see how you did? How’d you do?
A couple of weeks ago I publicly showed you some of my business goals for 2017. Did that motivate you to write down some goals? Your investing goals? Have you taken some initial steps to keep on track?
Every day we get confronted with a choice: am I doing what I need to be doing, or am I doing what I want to be doing? Achievers are in the moment and doing the highest and best with their time. Are you going to look back one year from now and be happy with what you accomplished?
Don’t get me wrong, I’d rather be doing what I want to be doing, but I’m not there yet. Good for you if you are. I do know that if I can discipline myself today to do the things I need to do, then soon I’ll be able to do the things I want to do. Trust me, I’m working on this for myself. This stuff is easier to talk about than to do.
So I want to ask you, what have you done in these first 4 weeks of the year to prepare yourself for a better investment year. Opportunities abound if you are prepared. Perhaps you have an old 401k with a prior company and just haven’t got around to get that into something you can better manage. Do you really think that old company has your best interests in mind? Isn’t this the year you make that happen?
This past weekend, I did what I needed to do, rather than watch college basketball. I worked on three large tapes of assets looking for that one or two that are investment grade. I’ve narrowed the list down to 10, and will be drilling down further. If you have your self-directed IRA together, we could put that to good use. This is something you need to do, but perhaps don’t want to do because you’d rather be doing something else. I know that drill all too well.
January 30, 2017
The Austin All-Pro Event
I sent out a mailer late last week about an upcoming online webinar. The link I provided might have taken you to online tickets for the event, but I don’t think we will be going to Austin. So, this link is for the online event. Again, I don’t get anything for you attending the event. What you get is some insight from the best teachers in the country on Self-directed IRA’s, and what you can & can’t do with them. So, I encourage you to take these 3 hours on Monday and tune in. This starts at 4:30 on the west coast, but goes for 3 hours. Really, it’s what you need to do.
Please, connect with me on my social media pages below. And, let me know if you have questions.