|
They are people out there doing extreme things: They avoid having a couple of coffees at the café each week and feel guilty if they spend 15 euros on beers with friends. Even though they work hard, they take very few vacation days a year and always choose the cheapest hotel they can find on Booking. Some obsess over not exceeding 100 km/h when driving on the highway and use an app to tell them which gas station to refuel at to save 0.01 cents per liter of fuel. Others go to the supermarket and spend half the time looking for discounts, 3-for-2 promotions, and shampoos with 20% extra volume. Probably, you also know the case of my neighbour, spending hours a week and lots of petrol, risking every day to get his car towed to save a few pennies in paying parking. Of course, I have absolutely nothing against these people. Everyone does whatever they want with their life, and that’s perfectly fine. If their plan to amass a large sum of money and achieve financial freedom is this, I wish them luck. If you’re new to world of investing, you’ve probably come across things like this: “If you invest the euro that you spend on coffee at the bar in the stock market, in 20 years you’ll have enough money to buy a car.” Or… “If you save €300 a month and invest it in an index fund tied to the S&P 500, with an 8% annual return, in 30 years you’ll have almost half a million euros and you’ll have achieved financial independence.” I have to admit, these messages really hit home. The idea of getting rich “little by little” with a modest salary is pretty appealing. It’s hard to resist giving it a try. The problem is, expecting an 8% annual return for 30 consecutive years… you never know. On the other hand, 30 years is a long time. Also, the half a million euros (which is actually less, but “almost half a million” sounds better) is gross. And let’s not forget inflation…. But well… who am I to crush anyone’s dreams? What I propose you today is knowing what would be the minimum return you need in a real estate investment to make it worthy. When investing in real estate I’ve seen many errors: People focused on “get the mortgage” paid through rents. Others, focused on “get the mortgage and expenses” paid. Others, selling their flipping project for 10.000 euros more than the money spent in the purchase and renovation… What’s the minimum money that you should make when investing in real estate? Do you have any idea? It is 5%, it is 10%... it is just OK to get the expenses paid? Listen to this audio and accelerate your path into financial freedom. PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
They thought the deal was done. Preferred bidder. Banks aligned. Lawyers billing like there’s no tomorrow. Financial Close… just weeks away. Then Lehman Brothers collapsed (2008). And across the world… PPP deals froze. In the UK, dozens of Private Finance Initiative (PFI) projects suddenly faced: No liquidity Banks pulling out Margins exploding Some survived. Many didn’t. I remember those days well… as I was parachuted to the A30 Project in Montreal whose financial closed happened end of...
Someone lied to me yesterday. And not even a good lie. A lazy one. A client texts me on WhatsApp: “Aqualia came. They say we need to build an additional drainage point to install the final water meters. We have 10 days.” 10 days. That was the giveaway. Let me translate this for you. Aqualia. The most incompetent utility provider in Spain after Endesa (about those guys, I can talk another day). The same Aqualia that took 7 months to even show up. Now suddenly… they give us 10 days? Come on....
In 27 minutes on the phone, I domesticated the beast. “How did you do it?” my project manager asked. Using his ego. Context. Contractor. Spain. Penthouse. Water coming from the ceiling. “Go fix it. It’s under warranty.” “No. Warranty expired. When I left, there was no leak.” I’ve seen worse. And more creative lies. This one was just… lazy. Less than a year since notification. In Spain, that’s a 3-year warranty. But fine. Let’s play. In judo, you don’t fight strength. You use it. Same here....