Monday, December 29, 2008

Ingredients for Success

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There is not one, but many ingredients needed to be successful in any career path you choose. In this article I will list some I constantly mix in to keep on top pf my game. Some I incorporate more than others due to the fact that they are needed, wanted or desired more.

  • Education - Continuing Education via my peers or self education. A must!
  • Health - Maintaining a healthy lifestyle gives me more energy.
  • Exercise- Maintaining physical and mental health keeps me on my toes.
  • Inspiration - Hearing success stories form other people drives me more to give back.
  • Attitude - Having a positive attitude is vital as it limits my stress.
  • Meditation - Take time each day to relax and re-charge.
  • Reading - I read, even if it is a little every day for mental relaxation.
  • Hobbies - I have various hobbies I like to do to get away from work once in a while.
  • Organization - Stay organized to mitigate the ridiculous stress of finding things all the time.
  • Volunteering - Giving back to others or helping people makes you feel good and is fulfilling.

I incorporate some of these on a daily basis, a few times a week or on a weekly basis. I realized in order to be successful you must have a balanced lifestyle. Putting everything into one area of your life will not get you anywhere. I know this from personal experience. Once I started maintaining a balanced lifestyle including all areas of my life into my daily routine, I found out how much more energy and less stress I had in my life.

Happy Balancing!

Tony

Short Sales - 2009

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2009 will be another year of engaging in short sales for investors. There will continue to be an abundance of opportunities to close a lot of deals and funnel our income into other investments letting our money continue to work hard for us.

The mindset we have going into a short sale is what can we do to help the home owner. First things first is to let them know nothing is guaranteed. We have them sign a letter of understanding detailing what we are trying to accomplish.

Number one is to keep a permanent foreclosure from going on their credit. Second, what is it they need that we can assist them in moving out of the house. Granted the bank does not allow the seller to receive any profits from a short sale, but we may take our own money and pay for their rental truck or first and last month's rent at their new place. We understand they are in a financial crunch, so we are willing to offer some assistance.

We know all short sales do not close, so we keep an existing pipeline of them going. We put together the short sale package getting the Authorization to Release Information form signed by the seller so we can talk to the bank on their behalf and fax it over to the bank. After we fax the package we let it go.

We start to follow up once a week. The first week we find out who has been assigned the file. We get all pertinent contact information in order to keep the channels of communication open. As we continue to follow up we always ask the person with our file if they need anything now or is there something that needs re-faxed.

We never get upset at the person working the file. They are not in control of making the ultimate decision. If we do not hear from our contact for an extended period of time we have ways to get them to call us. Ohhhh how I love those who taught me short sales and how to get the bank contact to call. The little secrets you learn.

Make sure you have your buyer's lined up. Cash buyers first, qualified financed buyers second. Make sure to follow up on all necessary tasks as they rise to ensure a quality closing.

2009 will continue to bring about more short sales with Option Arms and Alt A paper loans resetting. Recasting of the Option Arms will tack on unpaid interest to loans causing more home owners to owe more than what the house is worth.

Happy Short Sales!

Tony

Saturday, December 27, 2008

The American Dream

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The American Dream is not "just" owning a home. Let's get this "one and only" thought process out of the collective conscious. The American Dream is NOT about working long hours for someone else with enough money just to make ends meet, hoping for constant job security and matching benefits. The first thing Corporate America does is cut benefits. Yippeee, now you are a total slave to your money; trading time for dollars and unable to retire. I could (and should) rant about this for paragraphs and paragraphs....but....ah...NO.

The American Dream is about lifestyle. Yes everyone wants to own a home but there's more to The American Dream. The ability to leave for vacation and if you choose, be able to stay another week without worry or stress. The ability to pay for your children's education and retire wealthy enjoying your Golden Years. Living in your dream home with "your" luxury car having parties with friends and families.

The American Dream should be revered as the greatest opportunity for individuals to exceed to their highest capabilities with no restraints. After all we are living in the land of opportunity and not, "hey this is what you are supposed to do" mentality. Opportunities are endless to live this dream with excitement, fulfillment in all areas of your life and to mitigate stress as much as possible.

The American Dream should no longer be a dream, it should be your desire, your way of life, your goal. Stop listening to all the negativity in the news and those around you who constantly spew it out of their mouths daily. Ask yourself, when was the last time the "negative news" helped you achieve your goals and objectives? Yes there are certain things I follow in the news but it is pertinent to what I do so I can stay on top of my game.

It is time for you to stop living The American Nightmare and start living The American Dream!

Happy Reality (no more dreaming)

Tony

I love what I do

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I'm going to highlight various reasons why I love what I do. As an entrepreneur you have no limits to your success wheresas working for someone else you are stuck and extremely limited.

This list is not in order of favorite because they all are equally fantastic.

  • Schedule my own hours
  • Freedom to do what I want when I want - Time is very important
  • Unlimited Income potential - The possibility is endless
  • I can work from anywhere in the world and still make money - Not tied down to a specific location
  • Surrounded by like-minded individuals - Not only are they business associates but damn fine people as well
  • My entire business is fully automated - No need to run all over the place.
  • I can do a presentation anywhere
  • I can invest anywhere allowed by law and have others managed it
  • Assist others in making money
  • Assist others in giving them more time
  • Provide further knowledge to others
  • Multiple Streams of Income
  • A proven system that generates wealth - It is not just money
  • Have fun!

This list is the reason why I tell everyone I know about Nouveau Riche! There are a lot of happy and excited people in this organization. I'm glad to be surrounded by them!

Happy Investing!

Tony

Friday, December 26, 2008

Nouveau Riche - 2009

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2008 ended with another amazing college with Jim Piccolo hosting over 400 people at his 22,000' abode in Arizona. Students from all over the country received more world premiere real estate investment education from practitioners in the field ending with a celebration with the President and CEO at his home.

2009 is going to be an incredible year for those who are already involved in Nouveau Riche and those who will be joining us! More millionaires will be made!

Here in Chicago we are gearing up for our first "Super Saturday Training" of the year January 17th followed by our first "2 Day Intensive" of the year January 30th and 31st. The 2 Day Intensive will be 1 of 2 before our first college in April. Our Intensives generally attract between 500-800 people each day. All in all, 3 days of training from millionaires in 2 weeks time. I love our opportunity!

The possibilities are endless for the coming year for Nouveau Riche business owners and real estate investors. Right now we are only seeing the tip of the iceberg as Jim continues to provide more ways for students to generate income and learn from the best in the business!

The time is NOW to look at our opportunity knowing where NR is heading for 2009 and beyond. Our leaders are planning and setting in place the possibility for everyone to have anything they want in their life if they take action. YOU deserve this opportunity!

Happy Investing!

Tony

Tuesday, December 23, 2008

Voice America - Interview with Jim Piccolo

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LuAn Mitchell, successful business woman, interviews the President and CEO of Nouveau Riche, Jim Piccolo on her radio station.

Please take the time to listen to this interview. Jim explains why education from the right people is the best way to success. Also Jim and LuAn both agree wealth and success do not happen via "get rich quick."

Nouveau Riche continues to change lives by giving back.

To listen to this archive, click Here or copy paste the following URL in your browser.

http://www.modavox.com/voiceamericacms/WebModules/HostModaview.aspx?ScheduleTime=14&BroadcastId=35175&ShowId=28&Flag=1

Learn from successful people!

Tony

NR Testimonial from a fire fighter

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My friend Karl T. (keep last name out for privacy purposes) and his wife purchased a property that was in need of repair. Karl is a career fire fighter and at the time his wife was laid off from her work. This was roughly 3 years ago.

The two of them could not make the property work and they were going to sell it at a loss of $10,000. He showed this property to his NR mentor and his mentor said, you need to go to college. Karl said to him we can't afford to go to the college. His mentor insisted he go to the college. Why? His mentor knew exactly what kind of deal Karl and his wife were sitting on. Instead of stealing the deal from him, he insisted they go and do the deal themselves.

Karl and his wife found the money to go, came back and on the same deal they were going to lose $10,000 on it if they sold it, now are going to make $81,000 over 3 years and have a lease option tenant in the home. There were happy beyond words.

Karl has also used our Mastermind calls to ask questions and close a short sale. Just by getting on the phone and asking questions, he closed a short sale deal. That is awesome. Karl and his wife currently own 37 properties and went from a 38% tax bracket to a 1% tax bracket. Deductions in real estate are awesome.

Karl and his wife have become good friends of mine. They are doing very well. His wife no longer needs to go back to Corporate America as she does NR and investing full time. Karl his going to finish is final 2 years as a fire fighter, yet continue to invest and grow their portfolio together. I've known Karl for over 2 years. He his a gentle soul and willing to give back to others.

PAY IT FORWARD!

PAY IT FORWARD!

PAY IT FORWARD!

Happy Investing!

Tony