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INVESTMENT
NEWSLETTER FOR
MID-AMERICA ASSOCIATION OF
REAL ESTATE INVESTORS
January 2016
CHARACTERISTICS OF
THE SUPER SUCCESSFUL
from Steve Cook
DEBT Sucks
Is there really Good and Bad Debt?
Lifeonaire Retreat
In Kansas City the first week in March.
PLUS
What Makes
You Happy!
JANUARY 2016
SUCCESS
TOP 9 CHARACTERISTICS
OF THE SUPER SUCCESSFUL
by Steve Cook
Photos from GraphicStock.com
MAREI.ORG
Lifeonaire,
Prosperity
Simplified.
Steve Cook is a Real Estate Investor,
Coach and Founder of Lifeonaire.
SUCCESS
I define
success by
the
abundance
of life one
possesses.
JANUARY 2016
Here is my list:
1) Love - Without love, what do you have? I
know of someone who made $875,000 in 90
minutes and then he broke down and cried.
They werent tears of joy, but instead tears
of sadness because he felt alone. He had no
one to share his accomplishment with. Is
making a lot of money without love success?
I would say no.
2) Joy - Why do we strive to climb the
corporate ladder, or achieve great things in
business? Wouldnt you all agree that it is so
that we can enjoy life? Without joy, you have
not arrived. If you find yourself constantly
striving, yet longing to feel fulfilled with joy, I
guarantee you that you do not FEEL
successful no matter what the exterior looks
like.
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terribly weak.
Economist have been obsessed
with this for a long time and
there is plenty of research
around the relationship
between money and well-being.
All of it says that the
relationship we all believe is
either nonexistent or at best
terribly weak.
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RE INVESTMENT NEWS
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RE INVESTMENT NEWS
11
WORKSHOP
DEBT SUCKS
Jason Roberts shares why it's not really a good
debt vs a bad debt - its all DEBT!
Weve all heard the theory behind good debt and bad debt, right?
According to Robert Kiyosaki from Rich Dad Poor Dad, bad debt involves
borrowing money to buy stuff on credit cards, car loans, vacations, etc
(bad debt is considered debt will never actually make you any money)
and good debt is supposedly things like rental properties that are being
paid for every month by the tenant. (good debt is supposed to actually
help you make money.)
But what happens if you have a rental property and your tenant doesnt
pay this month? What if they move out of the house? Do you still have to
make a payment to the bank even though you didnt get any income from
the property until you get it filled again? Or do you get to call the bank
and say, sorry guys can you wait a couple of months until I get another
tenant in the house?
Um yeah, it doesnt feel so good on months like that, does it?
By the way, speaking of rental properties, weve been taught to believe that
rentals are passive income, right? Are they really passive though?
12
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I didnt think so
Yet most people today are in debt up
to their eyeballs. Most real estate
investors borrow money every time
they do a deal, whether they're
flipping houses, buying up rentals,
whatever. The fact is, no one ever
wanted to be in debt, but most
people dont know any other way to
hit their investing goals without it, so
they continue to choose to go into
debt every month, trying to make it
big in the real estate game. Thats all
fine and dandy until something goes
wrong, (like a tenant moves out, the
rehab takes longer to sell than you
thought it would, or about a billion
other things that could go wrong
actually do go wrong.)
RE INVESTMENT NEWS
13
DIRECTORY
BUSINESS
ASSOCIATES
Find out more about each of these associates by visiting
their website.
Or go to MAREI.org and click on Business Directory.
ACCURATE TITLE
CONTINENTAL TITLE
ALPHA TITLE
COPR SECURITY
APIA
Investor Lending
Britton Asbell and BarakTschirhart
www.KCLend.com
913-766-2900
AZURE WATERFRONT
Luxury Waterfront Property Investment
Brad Reddick
www.AzureWaterfront.com
800-240-3606
14
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DISCOVER HVAC
Heating & Airconditioning
Complete System for $2785
www.DiscoverHVAC.net
816-500-2900
DIRECTORY
MERCHANTS MORTGAGE
KC INVESTOR FUNDING
PRIDE PROPERTIES
KC INVEST
REALTY RESOURCE
RE INVESTMENT NEWS
15
AREYOU
REALLY
LIVINGLIFE,
ORAREYOU
JUSTPAYING
BILLSUNTIL
YOUDIE?
Quote from Lifeonaire.com