When Rob Moore started real estate, he had about $ 60,000 in debt. And, as you know, when we get into extraordinary circumstances, we begin to think faster. It was a difficult time, and he did not pay for his studies at the university.
First steps in a new field
He tried his hand in various fields, such as art, architecture and trade, but not one of them was a real passion for him. Once the gallery owner, who exhibited his work, invited him to an event on the organization of the network.
Rob refused on the pretext that he did not have enough money and knew little about real estate trading. However, the owner of the gallery convinced him to come, saying that many started without money, and then became millionaires. Of course, Rob did not think that this would soon be a story about him, but he came and met his first business partner, Mark Homer.
He possessed significant capital. allowing you to buy objects, and Rob had a desire to learn a new profession and work hard.
Debt relief soon came.
Rapid expansion of scope
During the year, they bought 20 real estate using Mark's savings. Gradually selling them and buying others, they began to make a profit, which they again invested.
Then they began to use the services of private investors and commercial banks, with their help they bought and received about 700 objects for management. So Rob became a millionaire for his 30th birthday. To achieve success, an accurate calculation and minimization of risks were needed.
Rob's tips for those planning to become a millionaire
You must have a clear financial plan and systems for the accumulation of money.
Indicate what percentage of your income you will live on, which you will save and never touch, how much you will invest.
Well, something you can just spend for fun.
Rob used to make up 120% of revenue, but now 30%.
It's never too late to start
You will improve later, start investing, act and learn now.
Look for cheap loans and profitable properties.
Part of the costs should be planned for their own development.
Take courses and find mentors who have the desired results: the more you study, the more you earn.
Be helpful
Once you get out of debt and earn honest money, focus on how you can help others by creating meaningful products for them, solving their problems and continuing to innovate.
Connect with the right people
Your network of your friends and acquaintances is your net worth. Make sure people inspire and cheer you up.
If friends are pulled down - release them. Your net worth is a team of 5 people with whom you spend the most time.
Once Rob did not feel worthy of money and believed that in business it is necessary to be engaged in a deceit. All this was wrong. It also seemed to him that the artist could not relearn, and he lost a lot of time because of this. Therefore, the young millionaire calls not to repeat his mistakes, but to act using his advice.