Behind The Shine 3/10/23

    Wealth building is about more than just buying properties.

    I know you are here to learn about real estate investing but it would be wrong not to tell you that if you want to build wealth, you also need to save money.

    Now, this is like telling you that you need to eat your vegetables.

    I understand no one likes it, but pay attention to where your money is going.

    Tracking your expenses is incredibly frustrating, but incredibly fruitful.

    I’ve been sharing this within the communities that I run and all of the people that are following me.

    I’m telling everybody, we have a recession coming down the road.

    Every dollar you make needs to be protected. There are people that want to take it from you.

    Get serious about saving your money so that when the right deal comes, you’re in a position to take it down.

    We are less than TWO weeks away from the Scottsdale Retreat!

    There is no better time to plan your goals and set yourself up for success than right now.

    Join myself, my team, and other investors at our retreat and learn the proven strategies you need to build a successful and lucrative real estate business.

    Through trainings, expert insights, and valuable networking opportunities, you’ll gain the knowledge and support you need to have your best year ever.

    This isn’t just about buying a property, it’s about creating a life you love and making progress you never have before.

    This is a great opportunity to make a powerful impact on your life and your future.

    The Mortgage Bankers Association’s seasonally adjusted index showed a 7.4% rise in mortgage application volume last week despite the increase in the average contract interest rate for 30-year fixed-rate mortgages.

    Applications for refinancing increased 9% week to week, while applications for home purchases rose 7%. However, the number of borrowers who could benefit from refinancing has decreased significantly compared to a year ago.

    The increase in demand could be the start of the traditionally busy spring market, but buyers may be stretching to afford today’s still pricey housing market, as adjustable-rate mortgage applications rose last week.

    Read more in this article here.

    There’s this comfort that comes from clear, concise formulas.

    If I can put it in a spreadsheet, it makes me feel like I’m being safe and I’m doing the right thing.

    The danger in this is that life does not work according to these rules that we create.

    I take a different approach. 

    There are three pillars that I need to focus on and excel at, that actually work, whereas the spreadsheet approach doesn’t.

    The first pillar is defense. I have a challenge every day. 

    What percentage of my money can I save? 

    That doesn’t mean I’m depriving myself, but I don’t spend money just to spend it. You will never see me pouring out champagne from a bottle that’s expensive just so everyone knows I have so much money I can burn in. 

    The next pillar is offense. Am I making as much money as I possibly can?

    If we’re all keeping our pedal to the metal with offense, we’re making as much money as we can. We’re growing personally. We’re looking for ways to challenge ourselves. We’re getting out of our comfort zone.

    And the third pillar is investing. How do I invest as prudently as I can?

    Are you interested in joining a league of like-minded people committed to saving money and developing financial independence? Keep an eye out for David’s next educational product, the Spartan League. “Text ‘Spartan’ to 59559 for more info.”

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