Updated: Jul 21
This last week I drove down to see my family in Pennsylvania, the first time I’ve been able to make it down since the COVID-19 restrictions lifted. Besides eating loads of great food surrounded by ‘my’ people, we went rock climbing, drove up in the mountains and watched the stars and lights overlooking the valley, had bonfires and whisky and ran target practise drills with a variety of firearms. Not after the whisky though. Safety first. LOL
Culturally, why are Americans so addicted to their firearms?
I asked my cousins that question and the answer was individual responsibility. We are each individually responsible to protect ourselves, our families, our ways of life and to do better. It’s about having an internal locus of control vs an external locus of control, which is to say that your future isn’t determined by luck or happenstance, but is directly correlated with the amount of effort you put in.
I’m not here to debate firearm policy, but it made me think about the current fiscal environment we find ourselves in. We have inflation at multi-decade highs, equity markets tanking, gold and precious metals are at a 6-month low, crypto and bond markets are down, interest rates are starting to rise, and everyone is starting to feel the squeeze. It’s easy to look at these things and blame the environment for the rising costs around you.
The question is, what can you do about it?
Just like rock climbing, you must identify the problem or obstacle and find a way to overcome it. Persistence, reliance on others, and determination will be your biggest assets.
I am a fan of surrounding myself with people that are doing the things that I want to do. It’s very cliché, but your network is your net worth. You become who you surround yourself with. Choose your circle wisely.
The easiest way to make more money and improve your situation is to bring more value to the marketplace. Solve problems. Help people get what they want and you’ll get what you want. The idea is pretty simple really, but the execution can be difficult. Look internally. What problems do you have? What problems do you solve at your job? If your place of work has problems that you are good at fixing, there are probably many more companies with the same problems that you can help solve. It’s just a matter of developing a plan, marketing and landing customers, something that your network will help with immensely.
The easiest example of this is real estate. Real estate is a business in a box. Bring value by creating and renovating units that people want to live in and you’ll get paid handsomely for it. The key is leveraging your network or doing the research and work yourself to identify an opportunity in a good area and execute a plan to bring it up to its highest and best use.
Winners focus on the one thing that will be the most impactful for the day. Notice, I didn’t say the hardest thing, the most time-consuming thing, or the most exciting thing. Maybe the most impactful thing is a 10-minute phone call that sets up future potential. If that’s all you get done in a day, it’s been a success. Everything else is just gravy. Rest, walk, sprint. Don’t jog.
Jonathan Beam is a real estate investor in the Niagara region who is passionate about helping you achieve financial freedom through real estate. He works with new and experienced investors to formulate a plan that fits your specific situation and provides market guidance and consultation on the best places and strategies to pursue within the Niagara Region. He also runs a general contracting company, and a bookkeeping and financial services company that focuses primarily on real estate investors.
Book a free, half hour no obligation consultation to see how he can help you to achieve your goals. His travels are available at www.realestateandrepeat.com
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