Principle 4: Strategic Investment (Income & Appreciation)

make me money like the tools and attachments you see in today's video all of those are designed to allow me to go out and do a new job to earn new income in some way shape or form or appreciate in value now my tools and attachments aren't going to necessarily appreciate and value those are going to bring in income on a regular basis basis so there's this balancing act now I invest into my properties heavily because real estate has always been an asset that tends to over the longer course of time go up in value so I have zero hesitation about doing very strategic improvements on my properties or buying more property but I don't just go buy any property because if you just go buy a piece of land somewhere it's not necessarily going to appreciate in value so personally what I've done is I well I used to own a real estate company that we would flip houses and to do this as Spartan as possible putting as much money in my bank account as I could in my own pocket when I was buying and selling houses I actually went out and got my own realator license so that I could put the 7% commission that I would pay a real estate agent into my own pocket pocket but that's where I am saying think outside of the box so if you're going to be doing Investments if you're going to be making big purchase decisions make sure they're not frivolous don't spoil yourself if you really want to reward yourself occasionally go ahead but don't make