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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. |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
Selling used stuff online is hard work. A lottery. A candy box. I tried it once. In less than 5 minutes, I got a message. 30 seconds later, I knew it was a scam. Emoticons. Broken grammar. Asking for my number immediately… when the platform literally tells you not to. Block the user. Close the chat. And then do what a good SPV CEO does… Subcontract. Pass it to someone who knows better. Create the right incentives. Supervise. Manage issues. Etc. Life is just another PPP. Your standards say a...
The pattern... Different country. Different name. Same movie. A “strategic” project. Big announcements. Strong political backing. Aggressive bids. Beautiful financial models. Everyone smiling at financial close. And then… After bonuses paid and elections won… Reality. Costs go up. Time disappears. Risks… yes, those that were “managed” and “transferred to the party better able to deal with”, start showing up. Suddenly: - contracts are “reinterpreted” - assumptions were “too optimistic” -...
When people talk about successful projects, these are the usual suspects: The deal was clear from day one Risks were allocated… not hidden The wrong bidders didn’t show up Time was respected Decisions were made early The contract was readable Banks believed the story Equity had skin in the game The public side knew what it wanted Advisors added value (for once) Construction was not “optimistic” Problems were solved fast Ego was controlled Operations were considered from day one Someone owned...