Forget Sorry Forget No – Get The deal

It’s interesting how there are some things that get passed down through the generations. Maybe it runs through the culture. In the states, you get hardcore right wing bible bashers and there’s something in the fact that America was colonised by first, Spanish Iberian Catholics, then by Portuguese and French missionaries, then by the puritan Calvinists… It’s no wonder religion, god and the bible still form such a strong part of their culture. Whether everyone believes in god or not, you only have to hear …

The Universal Cost Of Inaction

I was on a sales call once… By that I mean that there was a guy on the phone trying to sell me something, and he said something that, at the time I wrote off as sales trickery. He said “you’ve got two choices, you can either keep going the way you’ve been going or you can choose something new and get results you’ve never got before”. You’ve probably heard something akin to this before if you’ve been in any kind of wealth or success …

New rules for developers – but who cares?

I’ve noticed that some councils have started to allow people to build much more on house blocks. It used to be that a 350 sqm block used to be the smallest house block you could build on… And you could build one house, and that’s all. Architects, small developers and a population increasingly worried about affordability have been pushing for smaller options. There’s already a “small house movement” where people are building homes on the back of large trailers… But now some councils are dipping …

Getting creative with the rules of finance

The big 4 banks would have you believe that they are the one stop shop for all your lending needs. They’ll tell you that they are “reputable” and other lenders are not (they won’t say it out loud but they will imply it)Truth is that there are heaps of lenders out there. Second, third tier lenders and even private lenders could be used to get you into the deal you want. It all comes down to deciding what is going to work best in the …

Roman warnings about your profit expectations

  When you start a business there are a lot of expenses. If you have offices or a shopfront there will be a fitout. There’s stock to buy, maybe staff to pay and legal and insurances which you need to get in place before you can even open the doors. All of that adds up to a big outlay up front before you’ve even made a single brass razoo. People generally know this and it’s not uncommon to factor into a business plan that the …

Where people lose focus

  I wanted to share something that I believe holds a lot of people back from achieving more. It’s to do with where you focus… And one thing you may be forgetting to focus on. Your first instinct might be to say “Nah-James that doesn’t happen for me”, but you’d be surprised how often I see this one thing come up fro people in all kinds of subtle and covertly unconscious ways. Happens to me all the time. It’s this: The feeling that because someone …

Who’s the boss here anyway?!?

I remember back in the dark ages when I was a youth and got my first job. I remember the feeling of being at the mercy of the boss… Like, in a way, I lived and died at his whim… He could sack me any time and I would be without a job and have no money… In reality it probably wasn’t all that serious, but I know I didn’t like the feeling of having someone else in charge of whether I had money or …

The Magic Of Thinking Big And Taking Your Time

  There’s a book I read years ago called “The magic of thinking big.” After all this time I don’t recall the details, but the gist was that when you think big, it forces you to think different questions, take different actions and ultimately… get bigger results. Even if you don’t get the exact BIG results you were shooting for you’ll still get bigger results than if you think small, ask smaller questions and take smaller actions. I’m telling you this because this morning I …

The Goose That Laid The Golden Egg

Some years ago I purchased a shop with an apartment upstairs in Bondi. Over that time it’s produced awesome cash flow for me. A few years ago, with zoning and planning changes in the area, I was able to build up and adding two apartments above which added to the cash flow considerably. The original leases, of course, had built in rental increases, which, subsequently increased the value of the property over time. But when you start adding on apartments, you not only increase the …

The Time Factor in Commercial Contracts that Help You Make Money

  Use your time wisely I took a call from an old friend last night. She was asking me for some advice about a property that she wanted to buy. It was a small, old run-down house (I know right! The cheek of calling me and asking me about residential) that was going to auction at the end of the week. Small… old… ugly… with bonus asbestos. Not ideal – but it was cheap, so it had that going for it. She told me about …