This post I want to take the chance to talk about one of my very favorite topics.You see, I want to talk about the fact that “Success” isn’t a “fair” game…and what to do about it…First off, I need to be clear that you understand that LIFE itself isn’t fair. In case you were born on the moon, almost NOTHING on EARTH is fair. “Fairness” in effect is an idea, an intangible concept that man has created. I think we probably created the whole idea of what is “fair” to torture ourselves psychologically, in fact.Why would I say that? That’s a good question and we’ll get to that, but for now let’s put it up on the shelf.Here are a few ways that life isn’t “fair”, as the whole theory relates to money and success:1) Some people are smarter and more creative, and some are decidedly less so. While the world will reward ANYONE with enough belief in themselves and enough “gumption” to make it happen- the truth is clear that in the world of success, being born with an innate creativity is a huge advantage to an entrepreneur. How unfair.2) A ridiculously small percentage of the population that is born and lives out their lives on this planet live the lives they CHOOSE to live without worry over finances, spending their time doing the things they ENJOY with the people they LOVE. Most are BORN that way. How unfair.3) Many men and women go their ENTIRE lives without ever reaching that pivotal place of choice, power, and PURPOSE we call “financial freedom”. How unfair.4) Some individuals have hundreds and hundreds of millions of dollars, so much so that the MERE interest on their accumulated fortunes can provide a lifestyle of luxury while the PRINCIPAL remains intact and untouched. How unfair.5) Some men and women know the secrets of harnessing principles of wealth that are taught to them by parents or mentors, secrets whose use consistently allow them the FREEDOM of creating an ideal life for themselves and their families. How unfair.The point I’m trying to make is that…LIFEISN’TFAIR!And in case you haven’t noticed it yet…The world of money isn’t fair, either.Sometimes an entrepreneur will have a GREAT idea and then external circumstances will stifle a deal.Sometimes a specific real estate investing technique will work for you, and sometimes it won’t.Sometimes you’ll feel powerful and confident in your abilities and future prospects, and sometimes you won’t.Now, to be honest here I know I may be alienating a few people here. It’s true that most people don’t like the idea that life (and success) isn’t fair. These people often get extremely upset when things don’t go their way. They frequently place too much negative meaning on things that happen to them. Too often, they respond REActively to responses they get from the world and generally act like life should be different.Of course, this is CRAZY.The more that I realized this fact… that life just isn’t fair… the more that I realized another PROFOUND truth:IT’S GREAT NEWS!If life were “fair”, then you wouldn’t be able to do anything to change your personal success. You’d get what everyone else was getting.So what does this have to do with investing in real estate?Well, the fact is that you CAN change your personal success in ANY area you want (including success with money and investing).Truly, the best part of this realization is that you can not only get better and better results in a society where many feel the house is playing with a stacked deck, but you can actually turn the tables around in YOUR FAVOR.You can improve so much your understanding of investing and your skill with making good investment decisions that you are actually at an ADVANTAGE when it comes to money and investing.What is this advantage? I know, I know…some of our advanced investor readers, I know you are nodding your head here as you’re reading this. You understand already. But give me a moment to break it down 1-2-3 style for those who haven’t figured it out yet!It all goes back to where we were earlier…let’s take that idea from before down off the shelf, that idea that:We created the whole idea of what is “fair”to torture ourselves psychologicallyGranted, in this light (whether you print these newsletters out or you’re reading on your computer screen, as you sit there pondering what it is I’m saying…the idea that “life isn’t fair!”, a popular worldview, is based on self-sabotage might sound a TAD harsh.In fact, if you know you’ve caught yourself saying these exact words at some time in the past, you might not LIKE ME RIGHT NOW.But, think of it this way- what exactly do people give as the reasons for not investing in Real Estate?Same old answers, right?Not enough MONEY Not enough CREDIT Not enough TIME.I know…how unfair.The truth is, if you believe as I do then you’ll realize that each of these “reasons” is in all actuality an EXCUSE.Now, if the idea that “life isn’t fair” is such great news, then why aren’t more people thinking of it this way? Why aren’t more people turning this belief upside down and inside out and shaking the loose change out of its pockets?I personally think that many people have a FEAR of SUCCESS, and if you were BORN with MONEY you might think I’m full of it. If you weren’t and you’re just beginning to make your crack at it and strive for your rightful place in the world of success, think with me for a moment.Isn’t it EASIER just to throw up your hands and say “life isn’t fair”. Isn’t it less painful to say “I’ll never be rich”. Isn’t it more COMFORTING to convince yourself that dreams are for “those” people, those other people with more X, better Y, and the best Z?Sure it is! I know. I’ve been there.It’s called taking the path of least resistance and this unfortunate mindset is the culprit that steals countless dreams and spoils many, many splendid plans and ideas.And for someone who has dreams, big dreams, like you, dear reader, this mindset is a HUGE obstacle to your successful lifestyle as a real estate investor.If you’re worried that you might have this “Life isn’t fair” mindset, take a few minutes then and quietly reflect…isn’t it time to STOP torturing yourself by saying “Life isn’t fair”, realize the truth and harness the power of flipping it around!Success isn’t fair… and that’s great news.Here’s where the more advanced readers can come back 
. When you take the time to really LEARN something, when you COMMIT to really mastering something, you will reach a place where you now have the confidence and freedom to do it consistently.But, there will always be people out there who will never “get” it.I don’t think it’s that people aren’t WILLING to get up off of their couch, put the remote down, and actually INVEST the time and effort required to become GREAT at something.It’s just that FEAR holds us back. The “not knowing” can paralyze someone trying to make the leap from what you have and do today to what you want to have and do tomorrow.So, I’d like you to do something right now.Take a moment, and make the decision and commitment to yourself that you’re going to TAKE ACTION in the areas of your life that you want to improve, and you’re going to do what it takes to stay on track until you get the results that you’re looking for.If you want to get more involved in investing with real estate, you want to learn how to get better returns on your existing money, and you want to “plug in” to a way to make more money with real estate than many people’s fear of success allows them to believe possible……then you’re in the right place!Another problem with real estate investing is that a lot of people don’t know where to START.They REALIZE the power of leverage and they get excited about double digit returns and five-figure checks… but the “not knowing” and uncertainty about risk creeps into their subconscious mind and suffocates their desires.They get frustrated that they don’t know how to get on the right track and where to learn the “how to” of things that actually work.When I first decided that I had to learn how to create my own income and become an entrepreneur, I spent probably a year or two “wandering around” trying to find out what worked.Honestly, I ran around in a lot of circles trying things that sounded like good ideas… but wound up being complete B.S.After trying a number of off-the-wall things (because when you’re determined to STOP being an employee and TAKE CHARGE of your life, the desire to become an entrepreneur and reach financial freedom can become a blazing-hot fire driving from within that can lead you literally ANYWHERE) and these things I tried FAILED…after that,I decided to stop and take a look around.And what did I see? When you strip away all the glitter and all the dross, when you peel back all the illusions of media and society and education, and you look down at the EARTH ITSELF, what do you SEE?Real Estate.There was my answer.So I committed to learning how to become a real entrepreneur, someone who understood the secrets involved in real estate investing. I pushed myself to “get it”.Then, once I finally figured out some of the ideas, techniques and skills it was going to take to really become great at this, it took awhile to really learn the skills and practice them to the point where I could use them and have predictable success with them.Why am I telling you this?Because I’d like to save you some of the time, effort, expense and hassle that I put into figuring out all of this stuff… and I’d like to help you swing the odds in your favor when it comes to real estate success.I’d like you to take advantage of the fact that I’ve spent literally thousands of hours learning as much as I possibly could about this stuff, and I’ve spent hundreds more organizing this information and putting it together in a way that you can pick up and use IMMEDIATELY to get better results investing in real estate.My question for you is:ARE YOU GOING TO TAKE CHARGE OF THIS AREA OF YOUR LIFE OR ARE YOU GOING TO SIT BACK LIKE MOST OTHER PEOPLE WHO NEVER WIND UP GETTING WHAT THEY WANT IN LIFE?I’ll talk to you again soon I hope.Your Friend,Danny W.
Tag Archives: finance
Finance Your Vending Machine Business
There are two distinct pillars of starting and maintaining a successful business – passion for the business and the ability to finance the vision.Perhaps the most important thing in business is passion. The second most important aspect of starting a successful business is financing the venture. It’s the lifeblood of a business. Without it, the business is merely an idea backed only by passion.Unfortunately, passion comes from within and can’t be taught.On the other hand, finding and obtaining financing for your vending machine business can. Let’s go through the options and determine which best fits your needs.Financing Your Business on Your OwnCheck your bank account. Do you have enough money to purchase a refurbished soda machine for $1,500-$2,500 and cover your monthly living expenses? If so, that’s great! You’ll likely have enough funding for your initial vending machine investment as well as the vendible products you intend to sell.If you don’t have enough in your bank account, don’t worry. You’re not alone. Many people are in the same position. Fortunately, there are still plenty of other ways to finance your passion.Family TiesEveryone has family and there’s usually someone who can spare enough to finance your vending machine venture. Oftentimes this will be the most flexible financing option. Repayment schedules aren’t strictly enforced and interest charged is minimal, if at all. In most cases, it’s less about the money and more about your family members just wanting to see you succeed.Bottling Companies can offer alternativesBottling companies want to grow their market share at nearly any cost and will supply your business with a vending machine free of charge. In most cases, they’ll even service it at no cost to you! Financing is not even necessary! The only thing you have to pay for is the product that goes into the machines. However, bottling companies may sell the vendible products to you at a price higher than what you would pay to a wholesaler. Also, if the machine breaks, the bottling company may take longer to perform the necessary repairs. Of course, you’ll have to weigh the pros and cons to determine if it’s the right situation for you.Financing through a supplierLarger distributors and re-sellers of new and refurbished vending machines have the ability to offer financing to your business at a reasonable cost. This is the most common option used by many vending business start-ups. It’s quick, simple, convenient, and straightforward. Purchasing the machine and agreeing on the terms of the financing are all done in one meeting between you and the dealer.The only word of caution is to know how much the it’s really worth. Do some research on eBay or other reputable sites to get an idea. This will give you a rough understanding of the cost of various vending machines.Financing through Small Business AdministrationAlthough the SBA is an agency specifically designed to assist new and small businesses obtain financing, vending machine businesses have a harder time than others getting approved. Since vending machine businesses are predominantly cash-only businesses, many banks will shy away because this is perceived as higher risk to them. Additionally, the SBA requires several documents and lots of information about the proposed business which requires time and expertise.Peer-to-Peer LendingOver the last several years, peer-to-peer lending websites have sprung up to provide affordable financing to all types of businesses, including those in the vending machine business. Although this type of financing is less conventional than other methods, it can be very effective. As the owner, you can provide basic information about yourself and your business. Within seconds, you can be pre-approved for financing. Funding is generally deposited into your checking account within days of credit approval. Interest rates and fees are straightforward and relatively low. This financing option works similar to a regular business loan where your vending machine business must pay back what it borrows plus interest on an installment basis.CrowdfundingAnother highly unconventional option to finance your vending machine business start-up is through crowdfunding. Similar to peer-to-peer lending websites, crowdfunding is a recent phenomenon that has proliferated on the Internet. The concept is different but fairly straightforward. Create a compelling campaign to finance your vending machine business on a crowdfunding website. Users then visit the website and contribute to the campaign if they find it worth giving to. Instead of having to pay the money back with interest over time, like a traditional loan, your vending machine business can offer something else of value. For example, you could offer vending coupons for free drinks from your machines as an incentive to give. It’s definitely unconventional but it’s better than financing your vending machine business through loans.The Bottom LineWhen considering the many options to finance your vending machine business start-up, know what you’re giving up in return for the money. The more expensive the financing, the less money your vending machine business will generate in profits for you. Consider all your options, make an informed decision, and act on your passion.Best of luck and happy vending!
Bad Credit Car Loan Vs Guaranteed Auto Financing – Will You Save Money?
You’re in the market to buy a new car and that’s great. Today most everyone buying a new vehicle will need some form of auto financing and if you find your personal finances or credit are less than perfect, you can still get a very affordable car financing if you know how.An informed car buyer is a smart car buyer. When you know your auto financing options and you have your car financing set up and approved before you talk to any sales person, you can walk into a car dealership and negotiate a better deal on your terms without feeling intimidated, regardless of your financial situation.If you know that you have certain credit challenges, you should understand the differences between bad credit car loans and guaranteed auto financing.Bad Credit Car Loans…Bad Credit Car Loans typically have been available through new car dealerships on the purchase of a new car or a pre-owned certified used vehicle. The actual auto loan financing paper-work is handled at the dealership but in general, the bad credit car loan finance contract is sold off to another lender. That lender will maintain and service your loan. Loans typically have a term of 24 months up to 60 months. The downsides to a bad credit car loan are that many franchise car dealerships are not set up to arrange these type loans in-house, interest rates and cost can vary widely and limit your auto purchase choices.Guaranteed Auto Financing…Guaranteed Auto Financing differs from a bad credit car loan primarily in that this type financing is offered directly by smaller or independent auto facilities. Your finance contract is provided by the actual auto wholesale dealer and the loan is paid directly to the auto dealer that sold you the car. In other words, you would be financing your car purchase from the company that owns it and sold you the vehicle. Guaranteed auto financing is used for the purchase of used or pre-owned vehicles and not typically for purchasing a brand new car or truck. Loan terms are shorter than more conventional auto loans and they rarely offer terms over 36 months.The big advantage to guaranteed auto financing is that often no credit check is required to obtain this financing. Payments are normally made weekly and sometimes in person. One disadvantage to this type of auto loan is that many car dealers providing guaranteed auto financing will never report your credit to the credit bureaus. So if you’re making payments regularly and establishing an excellent payment history, this will not be reflected in improving your personal credit profile or your credit score.Your best approach would be to start now and see what financing options are available for you. There are excellent specialized auto financing services available online today that offer a whole range of affordable car loan programs even if you’ve been turned down for financing or you have poor credit, bad credit or other financial considerations, you’ll be surprised at how they can help you to buy a new car.You see now that there are major differences between a bad credit car loan and guaranteed auto financing and there are other financing options besides these. Get approved for the best car loan for you first, then walk into the car dealers and negotiate on your terms.