9 Rules of Entrepreneur (Rich)

Embrace it, walk the talk:

1. Choose daily to be rich - "Wake up in the morning, and ask yourself:" what kind a person i want to be today? Rich or poor or middle class?"
2. Choose your friend(s) carefully - "It is sometimes who you know is more important than what you know"
3. Pay your advisor well - "the most expensive advise is free advise"
4. Do not buy luxury by credit - "Buy liabilities first will end up no money to invest in any assets"
5. Find your financial hero to emulate - "mirror neuron - a gift to everyone to learn by imitate and copy"
6. Find the "why" inside you to become rich - "if there is a will, there is a way"
7. Get something for free - " It does not take money to make money, but our mind "
8. Master one formula then move to learn the next one - " Be focus when starting out, do not get yourself to broad, or else the destination will be "now here"! "
9. Pay yourself first - " Not to pay the card, the loan, the debt but to yourself first! "

6 Noes to be Entrepreneur

1. Fear : Fear of failing, acronym of "False Evident appear real"
2. Disappointment : Give up after a try
3. Cynicism : Being pessimistic and negative in every aspect
4. Laziness : Reluctant to take action for self excuses
5. Arrogance : Ego and ignorance
6. Bad Habits : Negativity mindsets

Real Estate - Financing

Entrepreneurship: Standing Pressure a key to success

Why Real Estate?

Indeed, there are many controversial in investment sector. It is like food and beverage. Every individual had and have their own favourite and preference(s).

Real estate sector seem to be always related to big buck, rich man games only, high risks, and fixing toilet at 3.00am in the morning. People always believe, they only can involve in real estate if only they have a lot of money. It is like buying their 1st home (upon after many years of saving from employment). Therefore, most of us will relate "difficult" when come to real estate. "Easy" is more preferable. Will be more easy to do what they do best - jobs, and in money matter - "why not hire somebody else take care for me?"

It might sound a good advise for average people. But, the consequences - They lose control of their financial portfolio. Well it is still matter of choice.

Back to the title, why real estate? Well here is some advantages I would like to share:

1. Leverage
2. Control
3. Develop entrepreneurship skill
4. Cash flow
5. Taxes advantages
6. Hedge against up side down of market*
7. Depreciation
8. Appreciation
9. It is a teamwork games - you do not need to be alone or DIY
10. *Personal - It keep me young and alive while keep learning on this seem to be new subject especially for me as a Marine Engineer who has never been involve in business and investor world.^^

These are some of the idea I would like to share. The choice is still up to you.

Still my advice:

"If you do not know how to drive, it best to hire someone else to drive for you"

or "You can do what I am doing - learning how to drive"

Etymology of Property

In law, the word real means relating to a thing (res/rei, thing, from O.Fr. reel, from L.L. realis "actual," from Latin. res, "matter, thing"), as distinguished from a person. Thus the law broadly distinguishes between "real" property (land and anything affixed to it) and "personal" property (everything else, e.g., clothing, furniture, money). The conceptual difference was between immovable property, which would transfer title along with the land, and movable property, which a person would retain title to. The oldest use of the term "Real Estate" that has been preserved in historical records was in 1666.This use of "real" also reflects the ancient and feudal preference for land, and the ownership (and owners) thereof.

*Source Wikipedia.Org