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ยป Exercise can build your muscles and your WALLET
Date published: 29/11/2011
Exercise can build your muscles and your WALLET
Making positive money when everyone else is just trying to stop from going negative is quite simple; it is, however, not easy. You may actually have to get up and go for a walk.
Being overweight is not something that just happens because you have one chocolate, and being thin is not something that just occurs because you ate one carrot stick. Whether you want better health or more wealth, you have to follow the steps regularly.
Someone wiser than me once said that failure is not a single event; it is a series of bad choices and bad habits that are followed regularly. The good news is that success, also, is not a single event of someone who just “got lucky”. Success is a series of correct decisions and good habits followed with discipline.
One good habit to get into is to keep your eyes on what is being sold around your local area, or within a three minute radius of work or home. Drive home via a different route each day and open yourself up to the possibility of seeing new houses which you had never seen before.
Although you can find plenty of houses on the internet at sites such as realestate.com.au, these sites may not show you some of the best bargains around. For the best fruit, you have to go out on a limb, and for some of the best ways to make money in this market, you may have to get out from behind your desk!
Drive around (or walk, or cycle) and see if you can see any houses that are being sold “By Owner” or by a discount realtor such as “Only One” or Go Gecko. These houses will often not be found on the internet sites as they are marketing with a lower budget than that spent by the larger franchised realtors.
If you change your route but have a series of seven or eight different routes that you alternate, you may also notice that a house which was being marketed by one realtor has changed to be now sold by another. This may indicate that the house failed to sell with the first firm and may possibly be open to a lower price than before.
It’s possible that you can find a hidden gem that nobody else knows about and buy it for less than market value.
Your “diamond in the rough” could be a good house to buy and flip, renovate and resell or keep for rental income.
While house prices are at lower levels, there may be many bargains and you cannot possibly take advantage of all of them. You can also not rely on natural upward growth in this market as it was a few years ago. The plants will grow better if you water and fertilise them and the house value will grow better if you do something to it: it may be as simple as a fresh coat of paint, new tenants, the removal of a fence or the addition of a garden bed. Get creative with your thoughts and exercise your wealth muscles!
For more information, or to discuss your specific situation, please contact me directly.
Jeremy Britton
24HourWealthCoach
Jeremy Britton is an independent wealth coach who advises on building wealth through property, shares and business. Find him on Facebook or www.24HourWealthCoach.com.
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