Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
When you know this, nothing will be the same
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Robert Kiyosaki once said that every day is filled with defining moments. And that’s absolutely true. From the moment we wake up, we define ourselves when we decide to get up and exercise or sleep an extra half hour. We define ourselves when we call in sick even though we could go to work. We define ourselves when we choose our company to our family. We define ourselves when we watch television instead of reading a book on business or investing. We define ourselves when we turn our money over to a mutual fund to invest for us instead of learning how to invest by ourselves. We define ourselves when we choose social media to improve ourselves. You’ve already had a few defining moments today. What you choose from now on… it’s up to you. But now, I hope that you are conscious of every decision you make. What would you do with the link below? ​Even you can make money in Real Estate. ​ 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. |
Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
Look. A question for you. What is more dangerous… Sending a letter you know may be wrong? Or sending one that everyone is convinced is right? In my experience… Definitely the second. A bad letter creates questions. A polished letter creates confidence. It has been reviewed by management. Checked by the lawyers. Discussed with the technical team. Perhaps even approved by the Board. Everyone agrees. Send it. And that is precisely when I become nervous. Intelligent people do not normally make...
Rule 8 of PPPs: Never go around the SPV. That shortcut has lawyers at the other end. I know why agencies do it. The SPV needs to consult the contractor. Then the shareholders. Then the Board. Then the lenders. Then the lawyers. What should take five minutes takes three weeks. So, someone decides to be practical: “Let’s speak directly with the contractor.” Wrong. Look. The contractor builds the project. The SPV owns the promise. The SPV holds the Project Agreement. The SPV carries the...
Someone went on holiday. Nothing particularly unusual about that. Except that this person had to approve an invoice. And without that approval, the dark accountant at the agency did not even know he had to make an important payment. Without the payment, the SPV would not have enough cash to meet its obligations. Yes… pay your debt is really important in these cases. So, a billion dollar project was suddenly exposed to an insolvency risk because one person went on holiday. Fortunately, we had...