How to get rich (sneak peak):

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HOW TO GET RICH:

(This is a sneak preview of what's in the book. There is so much more covered, but as finances are a major issue/hurdle for many people)

I assume you want to get rich. Almost everyone does. Who would prefer to rent a small apartment than

to own a nice house of their own? Or to drive a crappy car instead of a nice one? Who wouldn't want to

take vacations when and where they want? Who wants to worry about bills? Who wants to have to

work for or with people they can't stand? OK, we agree that almost everyone wants to be rich. Yet few

make a real attempt at it. Let's figure out how to get rich.

There are basically four ways (not counting inheritance, lottery, etc. as those are just a matter of chance,

not career or business plans):

1. You think you're extremely talented as an artist - sculptor, painter, actor, writer, musician, comedian,

etc. Or athlete. Guess what? So do a million other people. With a lot of hard work, persistence, luck and

probably compromising your principles along the way, you might be that one in a million who makes it

and beat out the 999,999 who think they're better than you. And a lot of them are probably right. Good

luck.

2. Get a good job. Your best bet is to become a highly specialized physician, a profession I personally find

distasteful (blood and guts? No, thanks). Like a heart or brain surgeon. After high school, you will need 4

years of college, followed by 4 years of medical school, followed by about 4 to 8 years of residency to

specialize. You will probably have a massive amount of debt. But you will make a mid 6 figure income.

After 10 or 15 or 20 years, you can retire relatively wealthy. You can also go to law school or get an

MBA, although there are lots of unemployed attorneys and MBAs around. But if you go to a top school,

and work at the right firm, you will make low 6 figures starting out and then maybe become a partner or

senior executive and make mid 6 figures or more. Then, again, by the time you reach your 50's, you

should be wealthy.

3. Start a business. Invest a lot of time and money into it. Whatever business it is, the odds are against

you. It’s a well known statistic that 80% to 90% of new businesses are out of business within 5 years. A

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new technology or competitor or change in the economy could decimate your business overnight. You

have to do almost everything right to succeed, and even then, there are countless factors outside your

control. But maybe you will be one of the lucky ones, your business will thrive and make you rich, or you

will get bought out. Again, good luck.

4. Real estate

You don't need any specialized skill, education, training, or degrees. There is a lot of free or very cheap

information out there showing you everything you need to get started. You don't need any money to

start. You don't have to take any risks to start. You don't have to go into debt. People have made, and

continue to make, money in real estate in all different markets and all over the world. Your mistakes,

which everyone makes along the way, can be corrected and strengthen your skills. Opportunity is

everywhere and available to everyone. Since everyone wants to own 1 or more properties, and since

every business needs real estate, there’s always demand, and the possibilities are infinite. As a top

investor put it: "Until shelter goes out of style, there will always be fortunes to be made in real estate."

So these are the 4 main ways to get rich. Pick yours. I've made my choice, and it's working out pretty

well (hint: it's not numbers 1, 2, or 3). I've tried #3 numerous times and never succeeded, by the way.

Unless you consider success making a modest amount of money for less than a year.

I really believe unless you're incredibly, extraordinary talented in some field (be it basketball or

biotechnology), real estate is the surest path to riches. Incidentally, even my brother, who IS a doctor,

has made far more from our real estate investments over the past 5 years than by practicing medicine,

which he does full time.

MY STORY:

I am sure no one cares to hear my entire life story, so I will just limit this to the relevant parts, which

may be illustrative and maybe even inspirational to a few others. If I can get someone to believe in

themselves, even one person, I will have succeeded. The saddest thing to me is a person who doesn't

believe in themselves, and therefore does not even truly attempt to fulfill their potential.

When I graduated from college with a master's degree in economics in my mid 20's, I had little direction

or exact idea what I wanted to do. Looking back now, I was always an entrepreneur, selling cookies door

to door at age 12, Cokes on the 4th of July at 13, and starting a telemarketing company at age 19, etc.

But at the time, I didn't know what I wanted to do, and real estate was the furthest thing from my mind.

I knew I needed a job (or so I believed; nobody actually needs a job. People need two things: purpose

and money; most jobs provide both, but not very well), so I started sending out my resume. I was

disappointed at the lack of response. It took me a few months to get a job. When I couldn't find one

right away, I did what I always do at a time of crisis: I left the country. LOL. Spent a summer in Eastern

Europe, traveling and doing some volunteer work with a school in Poland. Came back and finally, got my

first real "job" out of college. It was for a small credit bureau that provided merged credit reports. Their

main clients were mortgage brokers. It was owned by a husband and wife. My job was supposed to be

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marketing/sales. The husband owner kept telling me how these mortgage brokers made loads of

money. I started thinking "maybe I should look into that". On the second day on the job, I was on the

computer and supposed to be working, but I took a minute to check my personal email. The wife

happened to see me and flew into a rage. She started screaming at me that she is not paying me to

check my personal email. She was absolutely furious and yelling at the top of her lungs. It was crazy. This

crazy, angry woman fired me on the spot. I had a few experiences like that, but less dramatic. LOL.

Shortly afterwards, inspired by my former boss, I entered the mortgage business, as a loan agent, and

was very successful. For a while. Interest rates went up, and the calls stopped and I went from making

$10K a month to zero literally overnight. I did this and that but wasn't very successful at it, and again did

what I always do at a time of crisis: That's right, I left the country! This time I went to Asia, and became

an English teacher in Taiwan. I spent a year and a half there, and came back home. Just in time to re-

enter the mortgage business in my second refi mania, when rates dropped and phones were ringing.

This time I was even more aggressive in marketing, and was making $20K a month. Good money back

then, but it didn't last long. Rates went up, and business dried up in 2004. So what did I do? I left the

country :) This time, I went to Africa to volunteer at a library in Ghana.

2005 rolled around. I was sitting in my apartment, broke and in debt. Mortgage business was dead, and I

didn't even know what it was like to have a real job. I still don't, and doubt I ever will. Broke and not

knowing what to do, I happened to have a friend who had recently become a real estate agent and was

rehabbing his first house.

"How can I get involved?" I asked. I don't have any money, my credit is iffy, I don't have any contractor

skills, but... I am hungry and will use my pea sized brain to try to make us money. "Find a house off

market". He said. That was it. "Where?" He told me some areas he was interested in. He didn't tell me

how to go about doing this. I did not read a book. I did not attend a seminar. I put a system together,

that I am still using to this day. I found a deal, and 3 days later, walked away with a $25,000 check as my

finder’s fee. At that time, the most money I had ever seen. I had just wholesaled a house, although I

didn’t even know that term then. I kept doing the same thing for the next few years, making a very

healthy six figure income. What you will know when you finish reading this manual, will be far more than I knew when I started. I will also teach you things I only learned in

the last 2 years, as I have taken my business from 6 to 7 figures a year.

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