A lot of us believe that once we fall from the top, it’s nearly impossible to regain that ground. How can you overcome that belief, and start over when business is bad? How can being charitable actually help you?
On this episode, Founder and Managing Director at Wellings Capital, Paul Moore is here to explain how he managed to overcome a blow to his business.
Find someone with 2 recessions’ experience to partner with. -Paul Moore
Get the Full Episode on YouTube:
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Three Things You’ll Learn:
There’s a difference between speculating and investing
Far too many people in the real estate industry believe they’re investing- but they’re actually speculating. Ensure you’re making an educated decision and don’t presume things will happen the way you want them to. For example, you may believe a public road could be built near your properties- until that’s guaranteed, be careful of how you use your resources.
Find someone with experience
There are huge advantages to linking arms with an experienced operator. More specifically, if you don’t have a lot of experience under your own belt, try looking for someone who has gone through recessions before. This way, you’ll know you’re working with someone who has experienced hard times, and prospered despite it.
Give your way out of debt
Don’t underestimate the power of charity and good will. Simple though it may seem, by having good intentions and showing those around you that your aim is to serve others, you attract good energies and outcomes into your life.
Many of the problems real estate professionals face are caused by not knowing enough. For this reason, it’s important to be surrounded by people who have experience with hardship and difficult markets. It’s also important to maintain your faith throughout: don’t allow yourself to be overwhelmed. It’s possible to get back on top.
Paul is a real estate entrepreneur, investor, developer, and author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016). Paul is also the co-host of the How to Lose Money podcast. With an impressive track record of getting business back on track, Paul is highly respected in his industry. In addition to business, Paul is a passionate philanthropist and is an advocate for human trafficking victims.
For more information, go to https://www.wellingscapital.com/
To listen to Paul’s podcast, visit: http://www.howtolosemoney.com/
You can also get a copy of his book here