Newsletter July 2014

Want to be Successful. Do what successful people do.

  • WAKE UP EARLY: According to social media marketing company NowSourcing, the world’s wealthiest people each earn more than $160,000 per year, and have $3.2 million in assets. And approximately 44 percent of them wake up 3 hours before work to do things like manage their mutual funds — compared to only 3 percent of the poorest, who are defined as those with an annual income below $30,000, and with less than $5,000 in assets.
  • KEEP A TO DO LIST: Whether you’re rich or poor, there’s always so much to do and yet so little time. Maybe that’s why rich people are so fond of the “To Do” list. Fully 81 percent maintain a To Do list — while only 9 percent of poor people do the same.
  • READ: Love to read? If so, you’re in fine company! 86 percent of rich people love reading, compared to only 26 percent of poor people. And most of them make a habit of it. A staggering 88 percent of rich people read for 30 or more minutes each day — compared to a mere 2 percent of poor people.
  • WATCH LESS TV: If you’re one of the world’s richest people, you’re less likely to watch much TV. Maybe that’s because you’re too busy building and maintaining your wealth. Or maybe it’s just not a priority. A total of 65 percent of the rich limit their TV watching to 1 hour or less per day. Only 24 percent of the poor do the same.
  • AVOID REALITY TV: When wealthy people do watch TV, it’s less likely to be the reality variety that they turn to. Only 10 percent watch reality TV — compared to 77 percent of poor people.
  • WRITE DOWN YOUR GOALS: How do the rich achieve so much? Maybe it’s because they’re so goal-oriented. They not only have goals — they also make a point of writing them down. Around 67 percent of the world’s wealthiest people put their goals into writing, compared to just 17 percent of the poorest.
  • FOCUS ON ACCOMPLISHING A SPECIFIC GOAL: The well-off not only have a list of goals — they prioritize them and work hard to achieve them. A high 80 percent of wealthy people focus on accomplishing a specific goal. That compares to just 12 percent of poor people.
  • EXERCISE: Most rich people place a high value on physical fitness. Around 76 percent of the wealthy exercise aerobically 4 days per week — compared to just 23 percent of the poor.
  • BELIEVE GOOD HABITS CREATE OPPORTUNITY: A high proportion of rich people believe in establishing and maintaining good habits. Roughly 84 percent of the wealthy believe good habits create opportunity. Only 4 percent of the poor believe that. Conversely, 76 percent of the rich think bad habits have a negative impact. Only 9 percent of poor people are inclined to agree with them. Just because the economy sucks, you can’t find a job, your business is struggling, and the government is not your friend, don’t stop doing the things that successful people do. Most of all, believe in success to achieve success!

“Millionaires See Real Estate as Top Investment for 2014”

Check out this article I saw in Bloomberg:

If you’re buying or selling real estate, the first paragraph will really catch your eye…
“U.S. millionaires see real estate as the top alternative-asset class to own this year,  according to Morgan Stanley.”

 And this will put a smile on your face…
“After a year where the Standard & Poor’s Index rose 30 percent, some millionaires are  moving money out of traditional, long-only strategies…, and turning toward alternatives  such as real estate and private equity,” said Gary Kaminsky, a vice chairman at Morgan Stanley Wealth Management in New York.”
With the stock market at an all time high; or close to it, it makes sense to diversify into  something that produces income month after month. The rental market is super hot, and  rents are going up all over town. I’d like to help you convert your retirement into a selfdirected  IRA and to use it to purchase income producing real estate. I not only help  investors as a Realtor to buy the right investment, but also as a property manager to make sure that you get ever penny out of the investment.

Can We Partner On a Property?

I am looking for more properties to buy, for both myself and for others. If you know of a  vacant property in your neighborhood, a bank-owned or pre-foreclosure, a For Sale By  Owner or know of someone looking to sell a home; please let me know. We can partner  on the purchase. I get more leads and you get cash; it’s win-win.
If you or a friend are interested in investing; either time or money, I can help. You can  even use an IRA to invest.
Wondering How Much Your Home Is Worth?

If you’re wondering what’s happening to prices in your area, or you’re thinking about selling your house, I can help. Give my office a call for a no-fuss, professional evaluation. I won’t try to push you into listing with me or waste your time. I’ll just give you the honest facts about your home and its value. And maybe I’ll also give you the “inside scoop” on what’s happening in the housing market near where you live! Just give my office a call to arrange an appointment.
Referrals Welcome
As always, I hope that you have learned something new today. If so, please share this
newsletter with a friend. If there is anything that I can do to help you or a friend, please
let me know.
Thanks,  Richard Davis, managing broker
RD Realty, LLC

Updated: September 12, 2014 — 4:34 pm
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