I was sitting in my office, doing the math and trying to figure out how I was going to get the bills covered and come up with enough money to get us into a rental house as the bank was taking this one back next week. But all I could do was to keep thinking through all the money that was made, and lost…
… 150+ homes that had been purchased, fixed, flipped…
...3 businesses that grossed over 8 figures, one that was sold to a Fortune 500 company in a 7 figure exit...
...100+ "doors" or units of rental real estate buildings that were producing 10's of thousands of dollars of cash flow each and every month...
Countless other investments, private equity, startup funding, business loans, and so much more…
But yet here I was broke, how… why... Then I finally realized…. I looked at how diverse my business and investments had been over the last decade, but then noticed what had happened… The diverse business and investments all ended up in 1 single bucket, 1 single allocation, I had sold everything, and pushed it all into Real Estate. And when the real estate market crashed, it took all my wealth with it, that is why I was broke. I realized... ...if I would have just kept 1 of the businesses up and running, I could have continued to have the lifestyle I was used to… ...if I would have kept just a few of the Income investments I had, I could have kept paying my bills… …. But I had sold everything, and put it all into developing more real estate. Taking bigger risks, swinging for home runs, with no safety net, nothing to fall back on… I was smart enough to make lots of money but I was not smart enough to keep it, because…
I didn't understand the "Most Important Rule To Success with Investing" "Asset Allocation" This means if I had kept some of my assets in other allocations, other than real estate, I would not have been completely wiped out. I would have had some money to buy into the greatest buying opportunity I had seen in my lifetime... But instead, I was broke and trying to make money And so I got to work, figuring this out so I would never end up in this spot again Over the last decade, I have spent hundreds of thousands of dollars working with Financial Strategists and coaches, subscribing to training and newsletters costing $2,500 - $5,000 per year And I did this all by focusing on ONE thing… Rebuilding my wealth and allocating my assets the right way!
I would LOVE to help you build generational wealth fast! CLICK HERE How you navigate these next several months in the markets is going to be critical, most will lose everything, but the few, paying attention will have the opportunity of their lifetime.
P.S. Tomorrow I want to show you a few hidden benefits that having a strategy like this in place gives you, benefits you probably don't even know exist.
Look for that email tomorrow. The subject line is: Ch. 4 of 4: The Hidden Benefits.
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