Comments on: The clutter of everyday life http://www.livelearninvest.com/the-clutter-of-everyday-life/ Living life to its fullest by generating passive income through investments Wed, 28 Jul 2010 02:48:08 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Lost Cause http://www.livelearninvest.com/the-clutter-of-everyday-life/comment-page-1/#comment-10083 Lost Cause Sun, 19 Aug 2007 22:00:08 +0000 http://www.livelearninvest.com/2007/08/10/the-clutter-of-everyday-life/#comment-10083 "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. “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: Landlord-Success.com http://www.livelearninvest.com/the-clutter-of-everyday-life/comment-page-1/#comment-9801 Landlord-Success.com Tue, 14 Aug 2007 13:26:58 +0000 http://www.livelearninvest.com/2007/08/10/the-clutter-of-everyday-life/#comment-9801 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 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: Trisha http://www.livelearninvest.com/the-clutter-of-everyday-life/comment-page-1/#comment-9779 Trisha Tue, 14 Aug 2007 05:27:49 +0000 http://www.livelearninvest.com/2007/08/10/the-clutter-of-everyday-life/#comment-9779 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! 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: moom http://www.livelearninvest.com/the-clutter-of-everyday-life/comment-page-1/#comment-9568 moom Fri, 10 Aug 2007 15:48:35 +0000 http://www.livelearninvest.com/2007/08/10/the-clutter-of-everyday-life/#comment-9568 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. 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.

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