Archive for the ‘motivation’ Category

Follow Schwarzenegger’s Advice to Put Fuel on the Fire

Thursday, December 13th, 2012

“Adversity causes some people to break, and other people to break records.” — Anon

The Governator

I think one of the most powerful motivations in my life is when someone tells me that I can’t do something.

In his autobiography, Total Recall, Arnold Schwarzenegger puts it this way:

Sometimes you have to appreciate the very people and circumstances that traumatized you. Today I hail the strictness of my father, and my whole upbringing, and the fact that I didn’t have anything that I wanted in Austria, because those were the very factors that made me hungry.

Every time he hit me. Every time he said my weight training was garbage, that I should do something useful and go out and chop wood. Every time he disapproved of me or embarrassed me, it put fuel on the fire in my belly. It drove me and motivated me.

What strikes me, is that it wasn’t the fact that Arnold was tormented that made him into the over-achieving force of nature that he became (warts and all), it was the the way that he used that ordeal as motivation to reach his goals.

Arnold’s motivational story:

 

My favorite blog articles for the week:


The Secret to Success (video)

Friday, January 21st, 2011

The secret to success in life and business (even the fixer upper house business), according to Napoleon Hll and Ralph Waldo Emerson, is to be persistant and to follow your intuition.

 

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Remove that Garbarge Disposal Now!

Masters of Our Fate (video)

Tuesday, December 7th, 2010

We are masters of our own fate and captains of our own soul because we have the power to control our thoughts.

Bob Morgan was a stuntman on the film How the West Was Won. He was run over by a train during the filming but made a miraculous recovery with the help of a strong positive mental attitude.

Control Your Thoughts and Reach Your Dreams

Do you take time away from the stress of real estate investing? (video)

Monday, November 15th, 2010

Even real estate investors (especially those who fix em up and rent em out) need to get away from the stresses of life once in awhile. Maybe it’s time for you to take a walk in the country, and get back in touch with that inner place where you can be yourself.

Creepy tenants and landlord/tenant rights

Tuesday, August 24th, 2010

Gary Sutton of Newsradio 910 WSBA, York, PA asked me, “What if you have a creepy tenant like the one in the movie Pacific Heights?  What are the rights of tenants?

Michael Keaton in Pacific Heights represented a new landlord’s worst nightmare. He was a master at manipulation of landlords, and pushed the boundaries of the law without actually breaking them.

Laws Favor Tenants

Of course, there is a lot of gratuitous Tinseltown nail-bitting tension in the film, but it does faithfully present one fact that all landlords must face. The laws generally favor the tenant.

Laws may vary from state to state, but in general tenants are required to:

– maintain dewlling units
-dispose of trash
-use in a reasonable manner the electrical , plumbing, heating, AC,
etc., and all appliances
– not destroy, deface, or damage the premises
– not disturb the beighbor
– allow landlord access to the property

Landlords are required to:

-supply a written copy of the lease to the tenants
– comply with all building codes
– make requied repairs so that the property is clean and safe
– maintain in safe working order all electrical plumbing, AC, etc.
– provide recepticles for waste removal

“Practical” vs “Legal” Remedies

As Carlton Casler points out in his book “Arizona Landlord’s Deskbook,” the best remedy to problems with tenants is often by utilizing the “practical” approach rather than the “legal” approach.

For example, instead of incurring all the costs of time and money to legally remove a deadbeat tenant, by telling the tenant that if he is out at the end of the month and the property is reasonably clean that you will refund allow his deposits. Or, if he has no deposits, you give him $100.

Would that solution work for a tenant like Michael Keaton?

He’d probably prefer a fist fight with the landlord or a shootout with the cops.

However, outside of Hollywood the practical solution works pretty well.

Upcoming radio interviews

August 25 at 8:08 am, I will be on Jeff Anderson’s show, KSDR 1480 am, Watertown, South Dakota.

August 26 at 11:05 am, the Ron Ross Show, WJBC 1230 am, Bloomington, Illinois.

September 15 at 8:05 am, the Dan Ramey show, WBEX 1490 AM, Chillicothe, Ohio.

The Zen of Investing in Rental Properties

Friday, June 19th, 2009

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Inner and Outer Wealth

As I promote my book “Fix em Up, Rent em Out: How to start your own house fix up and rental business in your spare time,” something curious happens. When I appear on radio shows, one of the most frequent questions that I receive from the show host and from call-in listeners was, “can you explain what you mean by The Zen of Repairing Properties?”. That was the title of a chapter in my book. I was surprised by the response and attention that that chapter attracted. I thought, what’s going on here?

On the radio shows, I explain how I felt a sense of exhilaration and deep satisfaction, as I was making repairs on my fixer-upper house. It was like a religious connection to the spirit, or to my true nature. I could tell that I was on the right path, and in complete harmony with my deepest connections by the feeling of joy and fulfillment that I felt.

In fact, that chapter on The Zen of Repairing Properties was one that I most enjoyed writing because it was so close to my heart. The more radio shows that I appeared on, and the more calls I received, the more I considered expanding my thoughts on that chapter.

Many books discuss the business side of making money in business, but few address the spiritual dimension. Money provides happiness on one level, but we have all known or heard about people who are wealthy yet their lives are in complete disarray. Spiritually, their tank is running on empty.

Although the same principles apply to many types of businesses, I think real estate investing and the rental house business are uniquely suited to tie the spiritual and the profit sides of business together.

Lao Tzu, in The Book of Life, said:

Man at his best, like water,
Serves as he goes along:
Like water he seeks his own level,
The common level of life,
Loves living close to the earth,
Living clear down in his heart.

Herman Hess, in Siddhartha, said

Within you there is a stillness and a sanctuary to which you can retreat at anytime and be yourself.

As the Bible says,

What does it profit a man to gain the world, and lose his own soul?

Is it possible to serve like water, find that sanctuary within, gain the world and not lose our souls? I think the odds are pretty good.

To be continued . . .

Here are my upcoming radio guest spots:

June 23, Greg O’Conner, WKHM, Jackson, MI, 9:30 am
June 26, Jason Mansmith, WRPN, Ripon, WI, 9:15 am
June 26, Peter Stewart, WABJ, Adrian, MI, 10:00 am
July 1, Jeff Anderson, KSPR, Waterton, SD, 7:00 am

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Your Desire Creates the Power to Succeed

Wednesday, October 31st, 2007

Never underestimate the power of sublimation. If you are frustrated enough by your present working situation, you can channel that strong feeling into starting a house fix-up hobby/business. Don’t take your anger out on your boss. That would be wasting it. Focus your strong feelings by throwing yourself into repairing your fix up houses. Don’t let frustrations at work cause you to be depressed. Instead, use it to fuel the fires. Let it help you start the process of becoming independent, to move into a more satisfying life.

You should be grateful if you have a boss who constantly rubs you the wrong way. Life may be trying to teach you something. If your boss wasn’t such an aggravation, you might never have the motivation to strike out on your own. One of the luckiest days of your life may be when you realize that you could not stand to work for your boss any longer, and you are forced to find a new path.

Info on Terry’s Book

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