I had a protracted exchange of emails with Jenman over this issue.
Me, neutral/slightly in favour of wraps. Him, of course, vehemently against.
His main concern the property being in the purchasers name. Because if the wrap company go’s belly up. The purchaser will lose their house, and their equity, even if their payment record is impeccable.
His second point was…well it was a question…would I be comfortable taking on a wrap contract as a purchaser, knowing what I know?
I had to honestly answer no.
I am still not anti-wraps, but I had to admit he has a point.
What happened to your “spend spend spend” law of preposterousness.
Wayne, I see that you have chosen ridicule over interest or even logic, a sure sign of stale thoughts production.
It’s your choice I am certainly not here to drum up support for anyone rather to share my modest knowledge in personal development something I give free to whoever is interested. If you choose to cling to your antivalues, be my guest, I did not sell you any seminar nor book so all you need to do is skip my post.
Remeber though that to post only what you would say to the person face to face, is a good rule of thumb, a sure way to reamin inside the courtesy boundary and to keep the frontal lobe in check.
PS
No PM’s please I don’t read them, or I cut and paste them here.
May God prosper you always.[biggrin]
Marc
No, I just thought that it WAS ridiculous.
When do post interest or logic in challenge to some of the things you write. I notice it is ignored.
A sure sign of arrogance/ego.
I would love to have an intelligent discussion, but you can’t just pontificate away and not listen.
As the point Stephen Covey so eloquently wrote about: “First seek to understand, then be understood.”
Another technique you might try. It will work well with your downline ….ask questions, lead the person to answer the question themselves. Far more powerful than preaching garbage, and you will gain more respect.
You make so many presumptions about the people on the other end of posts, that it’s ludicrous. You may have read a lot. Thats obvious by what you regurgitate here.
But you understand nothing my friend. That, too is obvious.
Originally posted by Marc1:
in fact I think many successful N.Marketers should become more “real estate literate” since they seem to burn their money with an alacrity that is alarming in liabilities, rather than buying income producing assets.
What happened to your “spend spend spend” law of preposterousness.
[
Or in other words “Rich is evil, poor is virtuous”[biggrin]
NO NO NO NO You are for the umpteenth time, making presumptions that are not valid, based on some crap you read. I would have thought that in your industry that LISTENING would be a desirable trait.
For the millionth time…Rich and poor have nothing to do with good or evil.
The two factors are unrelated. Money is merely a facilitator for greater influense of either.
And Saabs are a heap of S***. I used to have one, a 9000 turbo….top of the range at the time…the heated seats were nice in winter though.
You are missing the point. I’ve had all the fancy cars etc. Thats not what prosperity is about. Wide and often travelled is that road….
Try the bumpy track Marc, it is far more interesting.
Great posts Aussie and Micheal, I’m with you guys on all points.
Aussie, it just so happens I’m pretty handy on a horse, so sign me up for the polo match
Marc
>>>>A weak un-prosperous thought: “If I spend in a new car I lose the money”.
A powerful prosperous thought:”If I lose a million it does not matter I can make another million tomorrow.”
Wayne, your post above, your qualifiers (stupid being one of them) and many other indicators, show you are set in your way of thinking and refuse to reason over the origin of the values that produce your thoughts.<<<
There you go with presumptions AGAIN.
The reason I drive an old car has nothing to do with money, I’ve probably spent more on the volkswagen than I would have on a new car.
It’s about rejecting middle class values which are fraught with insecurities and unsustainable habits. I am more interested in spiritual prosperity.
I have no problem with money. I love it and have plenty! I just don’t need to spend it on fancy cars and fancy houses.
Re Books: I’ve read most of them and most of them are stupid. I’ve personally seen more people emotionally damaged by these “priniples” than have helped prosperity.
The best wealth books I have ever read have nothing to do with wealth.
As an aside, for all of our married like we have taken in street kids and tried to give them a future. (Our stable full of 18 horses was the hook ) All have been a success and that has been our reward. (Well, Mrs. wayneL is the real saint. It was her idea.)
But we never taught them directly about money and wealth, we just showed by example in our dealings with people. We did however teach them all the other virtues.
Guess what? Some of them have gone on to become wealthy because of the attitudes we have tried to instill. All have sorted out there lives and earn their own income. Not one on welfare which is where they were headed.
That has been worth more than any money we make.
So Marc before running around canning other peoples psychology with you amatuer analysis, try walking a mile in their shoes. Until then you know nothing.
Not spending money when you have it is anti-prosperous. It sends the message that if you spend you will lose it and be unable to recover it, it is a message of impotency.
A weak un-prosperous thought: “If I spend in a new car I lose the money”.
A powerful prosperous thought:”If I lose a million it does not matter I can make another million tomorrow.”
Wayne, your post above, your qualifiers (stupid being one of them) and many other indicators, show you are set in your way of thinking and refuse to reason over the origin of the values that produce your thoughts.
You are free to do as you wish of course, but to stand on a soapbox and say the others are wrong or even stupid, does not help. If you think that the successful people who over a century have taken the time to write about how they made it to the top are wrong, all you need to do is write your own book.
Meantime let me say that driving an old anti-status car, is just one more way for you to say that there is something wrong about success and that you have to disguise it. Also it is your way to condemning others who happen to appreciate the pleasure of driving Alfa Romeo, Mercedes SL or Lotus. “I am more spiritual because I sacrifice myself in driving a bomb, HE is selfish, want’s to show off and there is probably something wrong wit the way he acquired his wealth”
But hei…you know better and my sources are stupid so what is the point of this conversation right?
May God prosper you always.[biggrin]
Marc
THAT DOES IT!
What’s your address and what do you look like? I need that lock of hair!
I also drive an old car. It’s my favourite anti-status symbol…a 1964 volkswagen beetle. I also am not comfortable being middle class…or any class for that matter.
It’s great! Everyone knows I’m a trader, yet I drive this old car; they leap to delusions over my level of success. That’s the way I like it. It ensures my friends are true friends.
It’s parts also come from 3rd world counties and is very frugal on juice.
You wouldn’t believe the people, who I thought were friends, who have drifted away and become distant, because of that car. Wierd! I still spend heaps of dough on other frivolities, just not on overt signs of wealth. Those things I put no value on.
But now I only have true friends and I’m glad I never had to go broke, or worse, to find out who they are.
Which brings me to a statement that Marc1 made earlier in the thread.
>>>>your spending will produce more wealth for you since such is the law of prosperity, spending will actually bring more in than you give out, but that is another story.<<<
Marc,
You should really re-evaluate what those stupid networking books you read are teaching you.
Lets apply the Socratic test to your statement above:
Your statement: “spending will actually bring more in than you give out.”
Q: Is it possible that one could spend, without it bringing in more?
A: Of course! there are examples of this strewn through out the suburbs. An example may be of someone who spends all his money on whores and booze. Will this bring him more money? Not likely!
Q: Is it possible for someone to actually spend less and to bring in more money?
A: Of course this can also be true. In my own example I am having my best year on the markets ever, yet my actual spending has probably halved from what it was 2 years ago.
So your “Law” of prosperity is clearly false, or at least imprecise and must be heavily modified.
Perhaps something like- “The right type of spending may actually bring more in than you give out” might be more acurate
I really wish you wouldn’t regurgitate the bulldust you read in “The Complete Idiot’s Guide on How to be a Wealth Guru” or whatever rubbish you read.
Don’t bother with the amatuer psycho-analysis either, otherwise I will hire someone to steal a lock of your hair and I’ll make a doll of you and stick pins in it!
>>>>The real doom will come in the form of a universal tyrannic government that with a hidden agenda will destroy what is left to destroy for his own purposes. Christians call it the government of the beast.<<<<
Well Marc,
There was a bit of a cafuffle at Dubyas’ inauguration about a certain hand signal. Was he signalling to the football team?
Check out – medium price of Swanbourne, City Beach, Cottesloe…
You are probably not aware that in WA we have more millionaries per capita than any other State in Australia.
You may be also very much surprised at the price a person in WA will spend on a beach front property.
Also at one time (not sure if it is still so) there were more Rolls Royces per capita than ANYWHERE IN THE WORLD.
>>>>I started off volunteering out of boredom, but soon I found I was working harder and longer hours, not out of necessity but because it changed lives!!! For me, seeing positive results that makes people happier and healthier is my ultimate reward.<<<<
Jo,
The happiest people I know, all give of themselves…not just money, but their time in helping others.
I have been asked “what’s in it for you”. But these people haven’t discovered lifes little secret- as you have obviously discovered.
I don’t like that so many people attend one of Steve’s Seminars or something and they feel that they have to quit their jobs on Monday morning, to do “property fulltime”….[baaa]
People need to plan to “scale down”, not “shut down” in this kind of economic market.
Of course there are exceptions, and some people can make a real go of “property”, but many can’t.[confused2]
For many this “freedom” of quitting a job, will just cause hardship and disappointment.[blush2]
There is always time to do your “day job” and to be a “property investor” at the same time.
When you have a million or so, in REAL equity, then perhaps look at quitting.
Just my thoughts.[buz2]
Del
Wise words Del,
We see it also with traders who quit their jobs tooooooo soon, before quite enough staedy cashflow is generated in all market conditions. It creates a desperado mentality and causes big mistakes.
Fulltime investors must have correct psychology…and stress/lack of cash destroys that very effectively.