Hi all,
I just bought Steves new book and have begun reading it.I’ve only just started it but I must say what I have read so far is really great stuff. Anything that makes me put the book down and really have a think is a great sign.
The greatest thing about Steves products is that they cut through all the crap and get to the point (This makes it very useful). Thanks for writing your latest book Steve.
As I said I have only just started it. The section that I am currently reading is called “conquering the comfort zone”. Which all in all is about taking action etc.
I have read other books on this sort of subject and I find that action can come in fits and starts (for me). The most powerful type of action I think has three elements it must be,
– massive, focused and consistent.– Massive meaning that your taking a great deal of action
– focused meaning the action is not meaningless
– consistent meaning its not every now and thenThe idea is that if you are doing this all the time then success is a matter of time rather than a maybe.
So my question is, what techniques can be used to keep yourself at the bleeding edge of action? Keeping you spurring along? Without even a flitter of stagnation or what Steve calls (the comfort zone)?
Any comments you might have on this Steve would be really appreciated as you seem to have this long lasting focus and drive.
Hi,
Thanks for your comments about the book and I’m pleased you are liking it so far.
You are right about comfort zones – but don’t think I am immune from the lapsing of drive from time to time.
Still, what I find keeps me going is outlined in the upcoming chapters, namely a passion and a purpose.
Practically though, having Dave around to keep me accountable is very useful from a business sense, and Julie keeps me aware of when my work:home balance is out of wack.
Overall though, I think Tiffany (one of the Mappers) said it best with the following comment…
Do you want it, or do you really want it?Let me know your thoughts as you keep reading though [biggrin]
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Broders are selling the new book for 29.95 in Pitt St mall from memory.
I’m still waiting to get my copy. [bawl] Australia post is beening very slow at the moment.
Steve how long did it take you to write this book?
and how long did it take to write the 135 in 3.5?Hi,
Checked with Australia Post today… despite records saying the stock had been sent, they discovered an internal glitch which has since been resolved and the books sent out.
In summary then, you should have your order early next week!
As for the time it took… four months for book #2 and about 5 months for book #1. That’s pretty much full time though, and the edit process takes almost as long as it does to come up with the first manuscript.
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Well you’ve done it again Steve – another awesome book! I received it yesterday and am already half way through it. It’s so easy to read and the information just flows so well. The information is so practical and common sense that it makes for a recipe for success. I can’t wait to finish the book.
I have one question though:
You say that you only acquire a property for positive cashflow (I get that) OR you find a way to make it positive cashflow. I’m wondering if you ever use depreciation as a way to turn something into a positive cashflow property?
I know that you have said in the past that depreciation needs to be repaid upon sale so I just wondered if in any circumstances you do use depreciation?
CheersHi B.C.,
Thanks for your feedback and I’m delighted that you’re enjoying the book thus far [biggrin].
In respect to depreciation… I see it as a kind of (but not exactly the same as an) ‘interest free’ loan.
Put another way, it’s like gravy on top in that it’s great to have but the meat (or tofu for us vegies) and potatoes of the investment is fine without it too.
Specifically then, I crunch my numbers when doing my due diligence without relying on depreciation to ensure the property is +ve cashflow in its own right, and then later, if depreciation is claimable, I take advantage under the knowledge that it is a timing rather than permanent tax benefit.
I have heard that some people don’t claim depreciation despite being entitled to it (so they don’t have to repay it later). This seems a little silly to me as I’d rather have the dollar now to invest with, earn a return and then repay the principal later than the option of going without.
Hope this helps… pls make a post when you’ve finished the book and tell me how you think it finishes up.
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Just a quicky Steve,
in your last post above, you infer that any depreciation claimed is payable to the Tax man once the property is sold. Do I understand that correctly?Cheers
C@34
Well I finished the book! What a fantastic read! What amazed me was the warts and all story that unfolded, it was so refreshing to read about the problems that the mappers first encountered and how they overcame them (and those that didn’t). There are so many pearls in this book – from the Do-Doing-Done model, the problem+solution=profit, money follows management, cashflow profits are made not bought, targeting success and so much more!
I really feel that having read this book I now “get it” and I trust that everyone else who reads this book will also “get it”.
Fabulous book Steve – can’t recommend it highly enough. My “a-ha” moment – closing the book at the last page and realizing “I get it”!!!
[biggrin]Its good to see you’ve finished the book. I ordered it over a week ago and still hasn’t arrived[confused2]
regards,
Geo.I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Sorry – meant to say $21.95 at Borders
*****From Admin on 5/10/04…
We edited your original post thinking it was an error as we rang Broders to check your stated low price as it sounded unusual. They confirmed that the price they are selling it for is $29.95.
Must be a special price at the Pitt St Sydney store. They even had special stickers on them last week when I checked. I’ll check again today and let you know.
Have just been to Borders in Sydney’s Pitt St mall to re-check the price and it is without a doubt $21.95
Anubis,
did you ask why the difference?Cheers
C@34
I got it from Borders, Chadstone, for $21.95!!!!
Good read too.
C@34 – didn’t ask why. Most places offer discounts on some of their new stock so I didn’t find it extraordinary pricing.
Big A,
just curious I guess.
Cheers
C@34
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