Hi Friend,
I am so grateful for the friends
Richard and I have in our life. The biggest difference I see between our
friends and others I've met is that we have the freedom of choice in our life.
Does everyone we know spend their days sitting at the pool or playing at the
local golf course? Absolutely not! But, if that's what they want to do, they
have the freedom to do that!
One of our friends continues to work
10 hours per week at a local hospital. He says it's for the medical benefits,
but I know how much money he makes in real estate and I suspect he stays at the
hospital because he loves the contact he has with people at the hospital. This
weekend I spent a few hours at a friend's new (to her) house. She had just bought
a historic home in a downtown Phoenix neighborhood. Rather than move in right
away, she decided to go to Spain for a vacation first. Why not? Boxes can wait
and the weather was great in Barcelona.
Do you have the freedom to do what
you want with your life? Or, are you still struggling with the average American
dream?
Here's a frightening statistic: 94
out of 100 Americans will have to dramatically reduce their standard of living
or be dependent on someone else when they retire. Think about that – are you
ready to live poor? Or, are you certain that you have someone else is ready,
willing and able to support you? Otherwise, do everything you can to be one of
those rare 6 out of 100 people who can continue to live at their same
lifestyle…or maybe even better.
Being average means you'll live with
less than you do now. Most people I know want to live better, in the fullest
sense of what it really means to live. If that's true for you, then do whatever
it takes to not be average!
The latest issue of Money magazine
(April, 2005) had some interesting statistics on what it takes to be average:
|
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Age 25 – 34 |
|
What are you worth? |
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$15,000 |
|
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Age 35 – 44 |
|
What are you worth? |
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$94,250 |
|
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Age 45 – 54 |
|
What are you worth? |
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$217,475 |
Remember that's average! What is your
plan? And more importantly, how are you doing with your plan?
I'll make a guess about who you are,
if you're reading Loopholes Update. You are interested in being more, so you
can give more, for yourself and your family. Here are the three things I've
learned that can make the biggest difference if you are looking to make a
difference.
#1 - YOU ARE WHO YOU HANG
WITH
Who are the three to five people you
spend the most time with? What are their beliefs about money, finance or
investing? If they have a belief that is not in line with where you want to be,
then you're bound to have conflicts as you move forward with your financial
plan.
I once did a seminar with Dolf de
Roos, New York Times best-selling author and (I'm very proud to say) my
co-author on two new books, "The Insider's Guide to Real Estate Investing
Loopholes" and "The Insider's Guide to Making Money in Real
Estate." As one of his exercises he had everyone in the room write down who
the five people were that they spent the most time with. He then asked them to
make a note next to each name as to where they were financially. He then
strongly urged them to consider what impact these people were having on their
own financial dreams. We took a break then for lunch.
I sat at a table with a group of
people who were still discussing Dolf's point about friends and their impact on
your personal financial plans. One woman protested, "I could never leave
my friends. They are my anchor."
The table was quiet a moment and I
asked, "Have you ever tried to go swimming with an anchor?"
It's amazing how true the words we
say really are.
|
|
|
For a limited
time, we have created a special combo pack of Loophole
Conversations with one each of my new books, "Loopholes of the Rich",
"The Insider's Guide to Real Estate Investing Loopholes" and "The Insider's Guide to Making Money in Real Estate." Normally, this combination would cost you $115.80, but
for a limited time, you can get the audiotapes and three hot new
money-making, tax-savings books for just $59.97! Don't wait, the offer is
limited, go to http://www.TaxLoopholes.com/s/LC
right now to take advantage of this special offer. |
#2 - WORDS HAVE POWER
When you're with your friends, family
and business partners, what do you talk about? It's said that there are
basically three different things you can discuss: people, events or ideas.
People who talk about people
generally limit what they do with their lives. How many times have you run into
people who can't talk about anything except the people in their lives, their
neighborhoods, or maybe even on their favorite television show. People who
think small limit themselves to talking about other people.
People who talk about events have
expanded beyond just talking about people, but they are still operating as
reporter. They aren't making anything happen – just talking about what has
happened. People who think medium talk solely about events.
The people who truly move beyond
where they are now, who are not only willing to be, but yearn to be, part of
those unique 6 out of 100 people who will live better than they are now when
they retire…those people think differently. And they also talk differently.
People who move beyond where they currently are, people who want to be more
than average, these people discuss ideas.
That's why I read so much. I'm
looking for new ideas to think about and talk about. If you're ready to discuss
new ideas on using leverage, velocity and cash flow to build your wealth as you
maximize tax loopholes and reduce risk, then please invest the time and money
to study the new ideas in our three new books:
The Insider's Guide to Real Estate Investing Loopholes
The Insider's Guide to Making Money in Real Estate
The New York Post said this
about "The Insider's Guide to Real Estate Investing Loopholes:"
"The Insider's Guide to Real Estate Investing Loopholes,"
is packed with tips on maximizing your wealth by utilizing tax and legal
loopholes.
The authors' basic premise is that wealthy real-estate investors
exploit tax loopholes, but so can you.
For instance, the authors break down the status of being a
real-estate dealer, developer or investor, and offer advice on forming a
company versus a LLC.
At the end of each chapter, Q & A's help readers determine
how best to manage their money and property. Be warned, though: light reading
this isn't. This book is packed with technical jargon, and it will appeal only
to those serious about complex tax and legal issues.
I wasn't sure how I felt about that
review in the March 19th edition of the New York Post, but then a friend of
mine pointed out that it was absolutely true. We talk about things that other
people do not! And, that's the whole point of not being average.
If you want to learn new words and
ideas, and save money doing so, then go to http://www.TaxLoopholes.com/s/LC
right now to take advantage of the Tax Loopholes special offer. The offer is
limited, so please don't hesitate to order.
#3 - GET USED TO BEING
DIFFERENT THAN EVERYONE ELSE
Sometimes I think anyone who sets out
to think and act differently needs a support group. How many times have you
been told "You can't do that" or "That will never work"?
As the saying goes, "Those who
say it can't be done should get out of the way of people who are doing it.”
Surround yourself with people who
don't want to be average, who can talk about a new idea without freezing with
fear and who are willing to back those ideas with action! Those people will
form the support group you'll need as you go against conventional wisdom.
Warmly,
Diane Kennedy
P.S. If you have a dream you aren't
prepared to let die, then don't be average! Think, and act, differently. If you
are ready to invest in the education and ideas that will take you to the next
level (or maybe five levels up!), then go to http://www.TaxLoopholes.com/s/LC
right now and get started!