The clutter of everyday life
August 10th, 2007 by KenricSometimes I envy the career employee who does the minimum at work and maybe invests in a few mutual funds outside of a retirement plan. The simple day to day routine of going to work and coming home with no additional self imposed responsibilities. I think back to those days sometimes when all I did was get a paycheck every two weeks and do nothing else. Life was easy during these days.
Robert Kiyosaki said that in a well run business, you should be able to take a one year vacation and when you get back, the business should be running better than it was when you left. So I ask myself, “Can I take a one year vacation and have a better life and lifestyle when I return? How difficult would it be to take a one year vacation?”
I’m not talking financially being able to. What I really mean is how do I automate my day to day chores? If I decided to go to Australia tomorrow for one year, what do I do with my properties, my house, bills, payments, rent checks, etc… Because even if I could financially take a one year vacation abroad, can I really go tomorrow? Probably not. I have too many responsibilities to take care of. I need to automate them.
This is what I mean by de-cluttering my everyday life.
Posted in Personal Development | 4 Comments »
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It costs in terms of getting property managers. This is one of the many reasons I prefer investing in securities rather than real assets. One can be more mobile and still on top of things. I think Kiyosaki isn’t being realistic though. John Mauldin gave a better definition of what is a real business rather than self-employment: If you can sell your business to someone else. Then you can go on that year long vacation. Kiyosaki’s idea only makes sense when you are an investor in a business rather than being the actual operational CEO.
By moom on Aug 10, 2007
What a great post! It’s given me a lot to think about. Right now, our business is about 80% dependant upon my daily presence and involvement. Then again, it would be really tough to do remodels without direct input from me. I like my new contractor, but do I trust him to know the latest trends in home fashions or the best neighborhoods to flip? No way. Also, do I trust anyone else to make executive decisions I would agree with–for instance, what gets cut from a remodel when the budget gets tight?
I can see rentals being prime for automation. But, remodels have put me into the S quadrant.
I’m not saying my fix-n-flip business can’t be more automated than it is currently. I’ll just have to get extra creative!
By Trisha on Aug 13, 2007
I completely agree with this way of thinking.
Unfortunately, I feel that things would fall apart if I were to take a leave of absence for a year. I ‘am’ working on getting there though.
In the property business, the answer seems to be to hire a property manager but so far, the two companies I’ve dealt with have their own agendas which incidentally, is not to save you money.
Bruce
By Landlord-Success.com on Aug 14, 2007
“Robert Kiyosaki said that in a well run business, you should be able to take a one year vacation and when you get back, the business should be running better than it was when you left. ”
More laugh-out-loud nonsense from the king of all nonsense. I hope that you don’t go broke like Casey Serin following this clown’s advice.
By Lost Cause on Aug 19, 2007