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Codie Sanchez, an amazing lady, building millions in boring businesses says it clearly. Your salary will never set you free. Your financial freedom can only come through ownership. More specifically, through equity done the right way She believes in boring businesses. I may try one day. I believe in making real estate a business. I propose you a very simple offer. That you take a look to my philosophy about real estate. It’s easier than you think. It just takes some work. Hard work I would say. But waking up every day at the hour you’re told, is some work. Some days, hard work. Wearing what you’re told is some work. For me… really hard work. Heating your chair with you *ss every day, minimum 8 hours, is also hard work. Waiting for a promotion or a raise that covers inflation is also hard work. You choose your “hard”. Buy cheap. Renovate. Hold or sell. Finance strategically. Be smart about taxes. Simple. Still, many will wait and hope for a raise. ​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. |
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Parkinson’s Law: Work fills the space you give it. “If you give yourself three years to complete something, completion will take three years.” Now replace “three” with whatever number… like eight. That’s what I keep seeing in infrastructure. Projects designed to take 8… 10… 12 years. Not because they need it. Because nobody in the room knows how fast it can actually be done. Some clients hire advisors who have never delivered a project at scale. Or with no direct experience in the type of...
There is a project that I follow even if I live now at the other side of the Pacific. It is… or it was… or it will be one day, one of the most ambitious (and game changer) infrastructure projects in the world. It was also meant to be a PPP. California High-Speed Rail The idea sounded great: Connect major cities. Reduce emissions. Transform mobility. On paper, it had everything. In reality… it had a problem. The scope was never stable… and still it’s not. Routes changed. Stations moved....
Not corruption. Not politics. Just… incompetence. A real project. $800M. In LatAm… No more details, as in this distribution list, there are too many people living in that country… Here you are the 4 red flags that would have helped you to smell blood miles away. First red flag: They didn’t understand their own project. I’m not exaggerating. They launched the RFP with: Misaligned traffic studies Outdated geotech data A design that didn’t match the environmental permits Second: They outsourced...