Infomercials, Get Rich Quick Seminars, And $0 Down Nonsense — Tired of Being Lied To & Abandoned?
Posted @ 10:34 pm - Filed under Real Estate Investing, Weekend Thoughts, Investment Lessons, Investment Physics
This week there were a handful of phone conversations about the subject of getting rich quick, no-down investing, ‘we’ll provide support’ blah blah blah seminars, infomercials, and the like. Half of these conversations concluded with me bearing bad news. They’d been given bad advice, and there was essentially nothing I could do or advise which would come close to solving their problem.
They’d been lied to. Is there a bigger lie than telling folks they can get rich quickly while putting no money, expertise, or work into real estate, without even giving lip service to the concept of cash reserves? It’s one thing to make a judgment you regret. We’ve all done that — I know I have. Lost the property too.
But to lie to folks who’re simply looking for a way to grab a piece of the pie for themselves? The cherry on this literal mud pie is that so many people paid for the DVD or seminar — they paid to be lied to. Yet when they find themselves under 20 feet of financial water, the so called ‘get rich quick’ expert is long gone. No support, no help, not even a shoulder to cry on.
I’m here to tell you in plain English — In real estate you’ll get rich with a lot of hard work, some anxiety, a lot of capital, a ton of paperwork, and risk. There will be ups and downs. But in the end, if you’re not greedy, and you follow the principles of investment physics and the physics of economics — Lord willin’ and the creek don’t rise — you will become wealthy and live to experience a magnificently abundant retirement.
You’ll get rich alright — but you’ll do it slowly.
Those who tell you otherwise?
Liar! Liar! Pants on fire!
By the way, pay close attention to the video. Who is the young man trying to get into the good graces of the cute blonde? Bonus points for those who guess correctly. Hint: His little brother wasn’t nearly the stud he was. 
This entry was posted on Saturday, April 5th, 2008 at 10:34 pm and is filed under Real Estate Investing, Weekend Thoughts, Investment Lessons, Investment Physics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
