Who came here this weekend because I want to make some money. Who came here because I want to make a bunch of more money, and who in the room believes that real estate is a great investment vehicle? Oh, yeah and who is rich? It's interesting. I ask this same question quite often. People always say in different countries around the world, yes, real estate is a great investment vehicle who is rich and it's normally less than 1% of the room. Which means I ask the question is the real estate is the investment vehicle the thing that doesn't work or is it the way where you been employing the real estate in order to have some profits.
Let's bring the focus back to real estate because whenever I buy a piece of real estate, I never buy a piece of real estate unless I know why I am in it. If I don't know where the exit is, I never walk in the entrance. I look at this because I look at people who buy the real estate in Sydney up to 2003, and I look at the people who have brought the stuff in Perth and trying to get out. No one really knows how to get out because they never figured out where the exit was when they walk in the front door. So, like in an airplane, I never get in an airplane if I don't know how to get out of the thing really quickly, so I will sit at the front near the door, carrying parachute.
So, the question is, this is great role while I am buying the real estate but the question is what for? So a lot of people buy, I am going to ask you guys the same reason, why are you guys out there, if you are buying it, what the heck are you buying the real estate for? What's it for? Guys, to do what? To make money, to do what? The lifestyle, very interesting. We just took that whole conversation from logic to emotion. Here's the point; people never do anything in life for logic, they do it for emotion but later on they will find the logical reason to justify the emotional decision. You see nobody actually buys real estate for capital growth because I have never yet been able to go out with the capital growth. If no one does anything for money, it's what the money will do; it's the lifestyle. What we have just done is we have moved the conversation from logic to emotion because if you don't feel good about what you are doing, you aren't going to do it. In actual fact, if we didn't stop based on logic, we will be single.
So, people are buying houses for this emotion, so that's interesting. So, people are buying it for the lifestyle to be able to do what they want to do when they want to do it. May be it's not about the money. I don't like real estate, I have got no interest in buildings, my interest is to get the benefits that the real estate provides without the problems associated with real estate. That's all I am about. I want ways to suck the benefits of earning the real estate without all of the complications that go with bricks and mortar, because I have figured out that that's probably what most people are looking for.
So, if we look at what people are doing now, what are most people doing right now for money? Working. I am looking at that whole thing and I am thinking now that people are making all this money but they are not going to keep it and then they might be buying this property., I have got a friend of mine who buys a whole bunch of stuff and he says, how long is it going to be until it makes you some money. He said, "Now, I have had 16 years, so this is just about to start making money," I am thinking, yeah keep going. So, I am thinking, wow! So, I though, how can I do it differently, how can I create some systems that do things a little bit differently if I want the benefits now and not want among the other people. So, that may be is a different way.
So, what I want to do today was to introduce you to some different ways to do things. I believe real estate is an incredibly great investment vehicle. I just look at why people have done it and I questioned to myself, is that the most efficient way to get the money, because I don't love real estate, l like what real estate does for me. But I tell you what, I look at some of the systems that have been employed and I look at those systems and I say, I wonder if that's the most efficient way to get there.
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