Why buying a home is not a good investment?

Should you own a home? Unless you have 20 million bucks in the bank, in cash, you have no business buying a house.

People think the only way to save money is to buy a house. Suzy Orman thinks you have no way to earn any real money for yourself, so she advises you to buy a house as the only way to get your money. You will get your home paid off when you are old. Who wants to wait until they are old to have money?

A home is not an investment because it doesn't pay you every month. In fact, you have to pay it every month.

That's why a house is not an asset, it's a liability. Nothing is a good deal if you have to feed it constantly.

People ask, "Why would you pay rent when you could buy?" Because you can't leave. Who wants to go to jail for 30 years? You can be mobile and nimble if you rent. Mobility is a great thing in today's world. Why settle down? Invest the money in yourself or your business. Your money needs to be free!

I have been investing in multi-family real estate for over 25 years. If you want a great opportunity to create income for yourself, realize that America is becoming a nation of renters.

How many reasons do you need to buy multi-family real estate? Apartments offer high cash yield, build equity, give tax advantages and let you use leverage. A $400,000 purchase can be bought with 25% of the price allowing you to leverage $100,000 to control four times the value in physical property. Stocks or gold can't touch that!

The house, much like a college education, has been fed to you as the American dream. Really, it's a middle class myth perpetuated by outdated thinking, politicians and mass media. Buying a house may have worked for previous generations but old ways of doing things aren't viable in 2016. We are not in the 1950s, things have changed and people refuse to adjust.

A house is not an investment.

I want to give you three tips to making true investments.

1. Invest in yourself

I do a weekly talk show called Young Hustlers where I talk to millennials about all things money, career and sales. I always emphasize the need to invest in yourself, no matter what your age. When I was 25 I made a $3,000 investment to buy a sales program for the purpose of becoming better at my job. Becoming a better you will never fail you.

2. Focus on income

Whether you have a house or not is irrelevant to how well you are or, will be, financially. So many people are concentrated on savings but their real problem is they just don't make enough money. I encourage the millennials on my Young Hustlers show to spend their energy on this one thing — getting their incomes up high enough where they can actually make a real investment.

3. Invest in something that pays you

Only after you have enough income can you start to think about investing. As I mentioned earlier, buying a home to live in is not going to pay you. Whether it be multi-family real estate or something else, a true investment will not cost you money. There are so many real estate agents out there giving false information. A home needs to be fed, it won't feed you.

If you start investing in yourself, focus on growing your income. Put that growing income into an investment that will pay you, then you will be living like the rich do, not like the middle class.

Most Americans have been made to believe the myth that getting rich is almost impossible or not important. If you look at the world you will see that the only group of people that are safe are the rich. The rich didn't get rich "buying a house."

Blame them, hate them, resent them, but they are safe and everyone else is at risk. They will be able to survive inflation, housing busts, tight credit, high unemployment rates and whatever else is thrown at them. They have investments that pay them.

The middle class idea of just "being comfortable" is a risky venture in 2016. If your hope is in a house, you will be disappointed. I'm all for education, but how many people have gone to college and into massive debt and found themselves unemployed? How many of them are paying that debt back for 10, 20 and 30 years?

Don't get caught in the idea that a house is your ticket to wealth. A house, along with a college education, has been fed to this country as the way to financial prosperity. It may have been true in the past, but today it's all a myth.

Source:  www.businessinsider.com/why-you-shouldnt-buy-a-house-20162?utm_content=buffer6df42&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

What is the difference between a financially successful person and financially unsuccessful person?

The revenue of financially unsuccessful person depends solely on his own, continuous work. If this person get sick, go on holiday or becomes not able to work, his income is terminated.

On the other hand, financially successful person builds automated systems, which generate revenues independently of further work. 

Therefore, begin to search for opportunities that will earn you a passive income as soon as possible. You do not know how? Just ask J

Winners never quit! Quitters never win!

This is an absolute thruth, so keep going on, don't give up and believe in yourself, in your success! Have faith.

9 speaking habits that will make you sound smarter

There are four kinds of speakers in the business world:

1. The incoherent, who meander, use tons of jargon, and talk of things interesting mostly to themselves.

2. The coherent, who can verbally communicate facts and opinions but seldom say anything memorable.

3. The articulate, who speak succinctly and clearly but whose words are seldom persuasive.

4. The eloquent, who use language and body language to win the hearts and minds of listeners.

Eloquent people sound smart, regardless of how intelligent they are. The opposite is true as well. Smart people who are incoherent — like some engineers I've known — often come off as if they're of limited intelligence.

Fortunately, eloquence is a skill that can be taught, practiced, and mastered. Here are nine easily mastered techniques to quickly make yourself more eloquent and smarter-sounding.

1. Stand or sit with spine straight but relaxed

Eloquence is more than just how you use language. It's also how you use your body language. The position of your back is the foundation of your body language and therefore the root of your eloquence.

Slumping communicates a lack of confidence in yourself and your words. The other extreme, a ramrod straight back, says "fight or flight." A straight but relaxed spine puts you in a mental and physical state from which words flow smoothly and easily.

2. Keep your chin up

The position of your head is just as important as the position of your spine, a fact reflected in many common expressions. To "hold your head high," for example, is to show pride and determination. To be "downcast" means you're already beaten down.

An upright head is essential for eloquence for physiological reasons as well. A tense neck — inevitable if your head is facing down — tends to strangle your words, preventing you from speaking clearly.

3. Focus on your listeners

Eloquence is meaningful only if people are listening to you, and they won't listen if you're thinking about something else or if your eyes are wandering all over the room. Eloquence without attention is mere speechifying.

Two special cases: Avoid glancing sideways — it makes you seem dishonest, i.e., shifty-eyed. If you must check your notes, use your eyes to look downward without nodding your head.

4. Speak loudly enough to be heard

For maximum eloquence, speak loudly enough so people farthest from you can hear but not so loudly that it's uncomfortable for those in front.

If you're unsure of your volume, ask somebody in the back if they can hear you clearly. If they answer yes, say "How about this?" in a voice slightly less loud. If they answer no, crank your voice up a notch.

But never raise your voice to a yell. Yelling makes you sound insane rather than eloquent. If you find yourself in that position, either ask for a microphone or request that people move closer.

5. Buttress words with appropriate gestures

Use your hands to emphasize key points. The easy way to learn this skill is to watch how celebrities and popular public speakers use gestures as they speak. Note how their hand movements seem to "emerge" from their words.

If you're not actively using a gesture, keep your hands still. Fiddling with your glasses, rattling your papers, scratching yourself, and so forth will distract the audience from your message and "cancel out" your eloquence.

6. Strategically position your body

Add power to your words by moving your body appropriately. For example, if you're speaking to a group from a stage, you might move from one spot to another to signal that you're introducing a new idea.

Similarly, when sitting at the conference table, incline forward slightly when you want to emphasize a point. Reorient your sitting position when you move from one subject or concept to another.

7. Use vivid words that everyone understands

Clichés — especially biz-blab — are the opposite of eloquence. Use unexpected but common words or phrases that illustrate points in a memorable manner. Example: "common as houseflies" rather than "dime a dozen."

Also avoid words that your audience might not understand. Using fancy words makes you sound snobby, not smart. If you absolutely must introduce a term unfamiliar to the audience, define it in plain language.

8. Speak at different speeds

Speaking at a single speed quickly turns whatever you're saying into a monotonous drone. Instead, slow down and speed up depending upon the importance of what you're communicating at the time.

If you're summarizing or going over background, speak more quickly than when you're providing new information. When you're describing introducing an important concept, slow down to give listeners time to absorb it.

9. Use pauses to create emphasis

Silence isn't just golden, it's also the crowning glory of eloquence. For example, a slight pause before you're about to say something important creates suspense. It leads your audience to "hang on your every word."

Similarly, a pause after you've said something important emphasizes its importance and gives listeners a moment to reflect on its importance. A perfect example of the eloquence that comes with pausing is Martin Luther King's "I Have a Dream" speech.

Source: http://www.businessinsider.com/9-speaking-habits-that-will-make-you-sound-smarter-2015-10?utm_content=buffer2f480&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

9 things you can do in your 20s to be a millionaire by 30

Becoming a millionaire by 30 is possible.

Plenty of regular people have done it, such as Grant Cardone, who went from broke and in debt at 21 to self-made millionaire by 30; Daniel Ally, who became a millionaire in less than five years at 24; and Tucker Hughes, who generated a million dollars in commissions in one of the most competitive industries out there — real estate — by age 22.

To help you reach the seven-figure mark, we rounded up nine lessons from Cardone, Ally, and Hughes, who shared their advice on Entrepreneur.com. We can't guarantee millionaire status, but doing these things won't hurt your odds:

Source: http://www.businessinsider.com/things-you-can-do-in-your-20s-to-be-a-millionaire-by-30-2016-2?utm_content=buffer791ef&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

PEOPLE ARE AWESOME 2015

People are capable of more than you can possibly imagine. Just look at these person in the video... they all have one thing in common – they have focused on the improvement of the capacity in which they are really good at for more than several thousand hours. They have paid the price which success requires - they did EVERYTHING and ANYTHING was necessary to have the job done. And we are now calling them "talented" or "special". This is not true!! Each one of us has the potential to reach a leading edge in the work that we do. But very few of us are aware of this and then possess the discipline to materialize it.

Remember, what you focus on, expands!

I hope I don't fall; I do not want to work weekends; My boss is incompetent; I will not do this because I don't know how; My neighbor is evil; Our mayor is stealing; Our government is awful; I have no money ... CHANGE YOUR FOCUS! Stop thinking of what you do not want and prefer to focus on what you want!