Acbo Call Centre

This is a great article I just received via a newsletter from Jon in Australia

He operates a property investment system.

Anybody wishing to seek further info just needs to email me at

admin@acbocallcentre.com

I have copied it for readers & visitors of the ACBO stable of sites

to enjoy,  learn and perhaps motivate.

HE QUOTES

‘ACCIDENTAL MILLIONAIRE’

I just got back from a massive weekend in Sydney.

No it’s not what you are thinking, my party days are over, I was at the Global Real Estate Investor seminar.

Some might call that “work”, however for me, and I often say this, my work is pleasure.

Yes I really mean that, I love what I do.

But that’s not why I’m writing to you today, I want to tell you about a person I met at the seminar on the weekend.

Let’s call him, “The Accidental Millionaire.”

That’s one thing I love about my business, I get the opportunity to meet incredibly interesting people at events.

Let me tell you about this chance meeting…

A young gentleman caught my attention as I was speaking to a group of people on one of the breaks.

He came up to me and just handed me a glass of water.

He didn’t say much, I think it was along the lines of, “Looks like you might need this…”

He didn’t stay to be part of the group, he just handed me the glass of water and moved on.

At the lunchtime break I saw him walking my way and I simply stopped him to say, “Thank you for the glass water.”

He passed it off as being a small act of “nothing special” but then went on to ask me whether I had 10 minutes to spend with him, he wanted to run something by me.

Now, I’ve learnt a long time ago to never pre-judge anybody. You might think it’s quite easy to do but I can assure you it is in fact very difficult, and in some cases almost impossible.

To paint a picture for you, this guy was casually dressed, however I noticed that his clothes were very Italian-designer orientated. In other words, they looked expensive.

First, he complimented me on the event and the content, and then went on to tell me that he was serious about investing in the US market – but did not want to buy one house at the time, he wanted t o buy 100-200 houses all at once. He referred to the speakers comments about how large investors would buy direct from the banks at wholesale for deep discounts and quickly turn them around for huge profits.

Of course this immediately caught my attention and I started wondering who this guy was… and what has he done to put himself in a position to simply pull out big figures like that.

I wanted to find out if he was serious or just big-noting himself.

I told him I was impressed with his ambition and ability to think big, as well as putting it out there straight away.

Anyway, he told me that his current business was going great-guns and turning over in excess of $30 million per annum with a significant and healthy profit.

This guy is what I call a player.

It was obvious to him from what he had heard at the seminar that the US market was a big opportunity to make some very big returns on his capital and he was not just going to dabble with this – he was going to be very serious and strategic.

He openly told me that he had millions to invest and he was ready to go right now. I was more curious than ever to find out a little bit about his background.

It turns out that this guy is a massive fan of personal development and self-improvement philosophy. He was able to recite concepts and ideas from some personal development greats such as David Schwartz, the author of The Magic of Thinking Big (the first book he ever read), Napoleon Hill of  Think and Grow Rich… Zig Ziglar….. Jim Rohn….. Anthony Robbins….. Winston Churchill…. etc, etc, etc.

All of these success greats had great impact upon his journey to significant wealth.

I wanted to dig deeper into his psychology and find out what made him so successful.

Now this guy is turning over $30 million and he says to me that he didn’t actually feel as though he was hugely successful, he was just taking advantage of the opportunities that were being presented to him.

I think that’s very instructive, anybody from the outside looking in would definitely see him as a success, however he just saw himself as a person of action and taking advantage of opportunity… Interesting.

I wanted more specifics, so I asked him for 3 reasons that he thought had made him achieve the results that he had achieved…

He said three things…

1. The ability to think big.
2. The burning desire.
3. Outcome driven.

I was curious about one thing… He didn’t mention his ability to take massive action. I quizzed him about this…

“Oh!” he said. “That comes naturally to me, I didn’t even think of that… But now that you mention it, I suppose that plays a big part in what I do.”

Now this is very instructive, and many millionaires such as this guy do this subconsciously… Meaning they don’t really know they’re doing it. That’s why it’s sometimes really difficult for a wealthy person to explain what makes them successful.

He has gotten himself to the stage where taking action is normal, natural and simply part of his process.

This is a big lesson for anyone who wants to be rich, wealthy and happy. Your actions have to become part of what you do daily, without thinking about it.

All this most likely developed for this guy during his time that he spent with the self-improvement greats – which obviously changed his psychology greatly.
There are big lessons here, let me summarise them for you…

• Never pre-judge… Be curious about the people that you interact with. You never know who you might be talking to.
• Add value… His gesture of giving me a glass of water was small in the scheme of things, but how often do people do that?
• Mindset… It’s amazing that most millionaires have similar stories of learning from the great masters of the past.
• The ability to think big… If you’re going to think, why not think big?
• Burning desire… This is what underpins the philosophy of “Failure is not an option… Just a learning experience.”
• Outcome driven… You’ll always find a way if you’re outcome-driven. You wont stop until you’ve reached your goal.
• Action-orientated… Turn the often difficult task of action into something that comes naturally, easily and effortlessly.

So there you have it, a chance meeting with a self-proclaimed accidental millionaire.

PS – Things happen for a reason.

HOW MANY OF YOU OUT THERE RELATE TO THIS STORY…??

Sourced and published by Henry Sapiecha 11th Feb 2010

The property market rebounded in the past year with house sales up by almost third across the nation, a leading analyst says.

The number of houses sold across Australia was 130,000 in the June quarter, up 32 per cent from the corresponding period in 2008, RP Data said on Thursday.

RP Data national research director Tim Lawless said Perth had the greatest growth in sales of all capital cities in the past year.

Sales in the June quarter last year were nearly 70 per cent below the five-year average.

“The future is looking brighter for Perth with the resources sector once again picking up and a modest degree of capital growth returning to the market,” Mr Lawless said.

Sydney, Australia’s largest city had the second biggest rise with sales up 38 per cent on a year before. Sales of houses in Brisbane were up 35 per cent, Hobart sales were 34 per cent higher, Darwin had an increase of 32 per cent and Melbourne was up 30 per cent, RP Data said.

Adelaide sales were subdued, up nine per cent. However, house sales in 2008 were significantly below the 2001 to 2003 period during the property boom.

The real estate market hit a trough in sales during the September quarter in 2008 before stimuli from the Reserve Bank of Australia and the federal government arrested the slide.

“Because of historically low interest rates, a first home buyer stimulus package and improving economic figures, buyers have been given renewed confidence in market conditions,” RP Data said.

Mr Lawless said home sales were likely to increase during the September quarter before declining during the holiday season.

“Sales volumes are likely to stabilise around historical averages during the first half of 2010 as interest rate rises dampen demand and the level of government stimulus winds down,” he said.

Supplied by AAP

Growing your portfolio
Question:

How do you get more finance to purchase more properties when in
our situation? We owe $58,000 on our home, which is valued at
$450,000, and we have a positively geared investment property ($70per week) valued at $150,000. Our newest investment property is valued at $265,000, and it is neutrally geared.

I’d like to know how we could get more properties under our belt?

We are both work full-time and have a great finance track record.

Regards – Karen

Answer:
Karen, it sounds like you are in the perfect position to continue
investing. You are both working full time and you have equity up
your sleeve, so you are ideally positioned to take advantage of the
current real estate market.
You have plenty of flexibility in terms of your LVR, and you have so
much equity in your own home. In terms of finance, there are many
options available to you, such as borrowing against the equity in your own home, or taking out a line of credit. The right finance solution for you depends on the leverage you have against your investment properties, your combined income, and the direction you want to take in terms of actual loan products.

I would recommend that you speak to an experienced finance broker
who specialises in dealing with investors, and ask them to set you up
with a five or ten year plan.

Published by Henry Sapiecha 27th August 2009

I was wondering who was the first-ever millionaire.
SOME THOUGHTS FROM ANOTHER PERSON OF INTEREST ON INVESTING

It was a curiosity thing for me, as well as an opportunity
to do some research online to see what would come up.

I was amazed at what I found.

It gave me a real kick up the butt. Up until that point, I
thought I was an action-taker. Unfortunately I was driving
with the hand-brake on.

It's funny how these old secrets come up all of the time and
really shift your paradigm and get you going again.

OK, let's get into it. This is a 161 year old secret that
once you read this - it'll put "making money" into a whole new
perspective.

Success leaves clues, so I dug around and found the name,
John Jacob Astor.


Interestingly enough, he was an American from German
background.

Astor got rich in the early 1800's trading furs, tea, silk
and fine china. Principally a business person to start off
with, but that was not where his real fortune was made.

He invested his trading profits in something that would
prove to be even better...

Real estate.

His most profitable investments were in New York City where
he built a reputation known as the "Manhattan Landlord."

Before he died, he left these powerful words. Astor said,
"Could I begin life again knowing what I know and had money
to invest, I would buy every foot of land on the island of
Manhattan."

Astor passed away in 1848 leaving $20,000,000.00 to his
family.

$20 million is a lot even today but converted @ todays values it would be around about...

Wait for this...

$458 BILLION.

Now that's an insane amount of money.

This brief story about a person you've probably never heard
about has many powerful lessons, doesn't it?

Let's go through them quickly...

#1. Increase your cash flow

#2. Invest in real estate

...I did say quick and simple, it really  comes down to just
the above 2 things.

The parting words of John Jacob Astor should be written up
an posted somewhere where you can see it every day.

Sure, Astor is talking about Manhattan, but don't let that
limit you. Pick any major city around the world (even
Australia) in that time frame and you'd see a similar story.

This real estate thing isn't a fad or a passing-trend, you
would want to live for as long as you can and see as many
cycles as possible.

The sooner you start, the better.

NOTE> Imagine creating an empire that in 100 years time could
be worth $1 billion... The legacy that you would leave for
your family. Begin now.

Sourced and published by Henry Sapiecha 21st August 2009