Start With Why, Again

Success in business doesn’t come from competing on price, features or gimmicks. It comes from focusing on your WHY. This is seen in the story of Apple, in companies like Southwest, and in people like Martin Luther King Jr.

About two years ago on this very blog I wrote a post about an amazing book I was reading. This book spoke to the reason WHY I started the whole Todd Capital organization. I didn’t create Todd Capital to invest in real estate. I didn’t create Todd Capital to buy stocks. I created Todd Capital to create black wealth. Real estate and stocks are just the what for our WHY.

A big part about your why is finding people who believe what you believe. Another, is believing so much in you why that you are unwilling to work with people who don’t believe what you believe. This is a major key for me.

On my most recent episode someone asked HOW I built the tribe that is Todd Capital. I did it by sharing my beliefs. I did it by sharing my WHY. In turn, I brought in more people who believed what I believed and together we have gone on to do some amazing things..

On the other hand, in knowing deep down inside what my goal is, I was able to drop people who didn’t fit the mold of our tribe. An example is the people who have a short term think in regard to investing. They want the quick cash and they want to pull all the money out of the business for the quick spend.

For a while I didn’t know why these people annoyed me but now I know that it is because quick and wealth have absolutely nothing to do with each other. My why is wealth. Quick flies in the face of wealth. Therefore the energy those people brought just rubbed me the wrong way. I had to get those folks out of the paint, asap. Deep down inside I just knew it wasn’t a good fit.

See your WHY drives your actions. Your WHY allows you to move forward knowing that the solution will come to you because you aren’t chasing the buck or the stuff. This is a deeper drive that allows you to thrive not just push by with a gimmick.

Authenticity

I am a terrible salesperson, when I am selling something that I don’t believe in. The first job that I got was at Radio Shack. I didn’t know Radio Shack was a sales job. The thing that sucked about the Shack is that they didn’t always have the best products. We got a lot of off brand, Radio Shack brand and no name brand items like TVs, DVD players, DVD recorders and other things. I struggled to convince people that their crap was worth their money.

For the longest time I though this meant I was a terrible sales person. This was until I got a job at Sprint. When I started working at Sprint they were the best cell phone company out. They had the coolest phones, great service and great plans. When I was working at Sprint I was able to not only sell to strangers but even friends and family. I was a cell phone selling machine.

What the book talks about is the authenticity that comes with operating in your beliefs. When you sell what you believe in people can sense it, you can sense it, it comes though in all your words. This is what Todd Capital is to me. It isn’t a sell because I believe in my heart that black wealth is possible if we just do the right things.

A lot of people are chasing money when they need to be chasing changing things for their people. The problem with chasing money is that it isn’t living or breathing. If you get it, hooray, if you don’t get it you can just come up with an excuse for why you didn’t get it. This is not a strong enough WHY.

Another problem I have with chasing money is that too many of us want to get money just to say we have it and we are willing to sell out and pimp our community in the process. This is seen in wholesalers who take property and flip to the highest bidder. This is seen in rappers who spread terrible music that poisons communities. This is seen in drug dealers that destroy families for a quick buck.

See the wealth, not money, is in solving our problems not in actually chasing money. The money is a byproduct of improving things for your people. Every single problem that folks complain about is an opportunity. Don’t wait for the government to tell you so.

For me I have just decided that I am the person that has to be the problem solver to all the problems people protest about. That is just who I am. I have always been a solver. The key though is that in all this solving we are also creating wealth. The solver in me has ingested this problem and it has birthed within me a passion to create wealth and affluence for my people. Todd capital is not a real estate company it is a wealth building company. We just so happen to use real estate to get there.

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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Business Ownership Forces You To Accumulate Wealth; A Job Allows You To Remain Broke

When you are a business owner you don’t have the liberty of going broke. You can’t spend everything you have. This is because you don’t really know when the next check is coming in. The bills don’t care though. Your bills, your tenants and your employees don’t care if you are having cashflow problems. They only care that you owe them.

Since you don’t know when the next check is coming you can’t let go of everything that you have like the paycheck to paycheck person. You are forced to create wealth. You are forced to accumulate what you earn even if you already have more than enough.

The amazing thing about this though is that this FORCES you to create wealth.

The more money you accumulate and don’t spend is wealth. This wealth is measured by the the amount of days forward that you can live without generating income. As you improve your skills, systems and processes you will continue to stack more and more wealth on top of the existing wealth. The entrepreneurial process won’t allow you to spend your last so you are then forced to accumulate mass amounts of wealth.

For example, if your annual living expenses are 1k a month and you have 10k saved you can live 10 months before you are homeless and hungry. You can then put this 10k to work yielding you interest and passive income while you grow your business and continue to stash money away.

This is important and this is why so many business owners live frugal, retain cash and don’t spend their last.

On the other hand, the lie of job security allows people to be poor.

The common acronym for JOB is Just Over Broke. Many people make money and spend it in hopes of getting it right back in the form of their next paycheck. Because they have the “guarantee” of a check coming in a week or so they are then able to go broke, and most wage earners do.

The reason why so many people are poor is because they get their income from the wrong places. It is not a wage issue it is a source issue. The fake security of the job keeps your wages low and it also allows you to let what you have go. Jobs allow people to be poor.

This post was inspired by the new mindset I have developed around business and investment income as a newly self employed individual. I realize that this lack of a check that comes in a week has forced me to hold on to every cent even more tight than frugal me already does. This then allows me to accumulate wealth upon wealth. I look forward to sharing more stores with you.

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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This week in stock market investing

This week in stock market investing I decided to get back active in the market. The market has been doing some crazy things going up 5% and down 5%. I can’t manage that. Some people love it but I prefer a decisive trend one way or the other not the whipsaw that we were seeing.

The reason for that is that I am not a day trader. I don’t get in and get out. I get in and stay in. I buy things that I believe will grow over time or that have the potential to swing forward after a long selling period.

Earnings season is a different story though. Whatever you have seen in the market takes a backseat in certain respect to earnings.

Earnings season is a great time to pick up quick money on big decisive swings. This is because at earnings you will see stocks pop 10% to 15% to sometimes more. On a normal day stocks don’t do this. They tend to just go up and down 1% and 2%, nothing special. Nothing life changing. Earnings season moves, however, ARE life changing moves.

I have made $5,000 over night and have made $1,000 on trades multiple times. Last year I made about $25,000 trading options over and above my working income and my real estate and businsss income. Last year was a good year but this year will be better.

I have considered quitting 9-5 work just based on earnings season money. Earnings season money will likely pay off my college student loans. Real estate will pay for my law school ones. Remember that you don’t pay off your loans with your working income.

When I first started trading earnings I would just pick a few stocks here and there and hope for the best. I would diversify. Diversification is for people who don’t know what they are doing. When you diversify you plan to lose and when you plan to lose you tend to lose.

The purpose of this post is to discuss trend that I have seen in the market. For those that are unaware there is something called the efficient market hypothesis. This theory states that all news is priced into the stock price. For this reason, those who have material non public information have an advantage over those who do not.

This theory indicates that the stock has a price that is in line with the information that is available. My problem with this theory is that it doesn’t take into consideration the anticipation of news such as earnings. When a company releases earnings, sometimes what you will see is movement ahead of the announcement. Companies people love will improve and companies people hate will decrease in price.

Typically what happens is the earnings “surprise” will cause the stock to turn one way or the other. This is where the money is made.

My problem with this is that it can cause you to misfire if you don’t read charts properly. What I mean is that no matter how much you love a stock and know it is a good company, if all this is priced in the stock can still get slammed even if they beat on earnings. The opposite is also true. If there is a stock you hate and want to avoid but is on a downtrend it can win even if the news isn’t that good. Sometimes news that isn’t as bad as people suspect is just as good as good news.

This week an example of this in some way was a trade I made in TSLA and Visa. These are both great companies with great charts. I like TSLA because it is a company people love but since it is such a threat to big American car companies there is a constant barrage of negative press against their company. Tesla fell flat this earnings even though they beat estimates. Another was Visa. Visa is a great company that has made me a ton of money. What I saw though was that maybe their run is flattening as well as people try to get a grasp on what is going on in the American economy. They posted great numbers but sometimes a stock that runs up into earnings has the anticipation already priced in. A great company was already expected so there is no money to be made on the “surprise”.

The point of this post is that you have to have a moving target when it comes to earnings. Just because a company is great and is going to win doesn’t mean it is a buy if the potential win is already priced in. Just because a company is bad that doesn’t mean that it will continue to fall even if the news is bad. The key is to stick with your principles. Know your rules and never divert from that.

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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Earnest money is bs

God has just been looking out for your boy lately. This week we dodged multiple bullets and it was not because of our wisdom ahead of the incident. Me being me though I can find the lesson in everything that happens so what I am going to do is tell you each story and then tell you the lesson/wisdom that we gained by going through the situation.

The flood and the furnace

So last week we had a plumbing issue where the sewer line in a home backed up and flooded the basement. The tenant called being irate and in my customer service tact I told her we would get right on it and I apologized for the inconvenience.

I sent out a plumber to snake the drain and after he did the flood went away. Because the water got so high the furnace stopped working. I called out a furnace guy and he thought it needed to have parts replaced that would cost us 600. That 600 plus the 125 that we paid for the snake would cause us to lose money this month in rent.

After the basement drained the furnace kicked back on and we saved ourselves a huge sum of money. Keep in mind we just paid big money to have the roof repaired and to handle another plumbing issued last month. This was a big win.

The lesson in all of this is that you have to know how homes work if you want to be in the home business. You can’t just take what people tell you as fact. You can’t just go around throwing money at everything. Resist the urge to have people thinking you have it like that because if they think you have it they are going to try to get it from you.

What I learned was that the water just put out the pilot and all we had to do was wait for the basement to drain which is free 99.

Ernest money deposit

This week we were set to buy a house but we pulled out. We needed to take a step back and coordinate our affairs. When we signed the assignment with the wholesaler we were supposed to send a $500 earnest money deposit (EMD) and I initiated the wire. For some reason this wire got held up and when we decided to walk I just cancelled the wire.

The lesson in this is that earnest money is bs. The wholesaler was of the opinion that she should get the money just because of the time she spent not marketing the property. I was of the opinion that the earnest money should have been refunded to us anyway.

The problem with this is that once the money is gone then you are at the mercy of the title company who can then decided NOT to give you back YOUR money on a home you aren’t going to buy in the first place. We have all heard the stories of investors who lost their earnest money deposit. That wasn’t going to be me.

The lesson is also that I will no longer sign contracts with EMDs. You don’t have to put up an EMD it just helps sweeten the deal. A lot of wholesalers put EMDs into their contracts to ensure that at the very least they get something out of you if you walk. Why should they get paid just because you signed a document and then decide to walk after doing your full due diligence? That isn’t how business works.

The wholesale game is a renegade group of people who just make up their own rules. They don’t have licenses, they are often smooth talkers and most aren’t educated on business and economics. Wholesaling is just a hustle to them. Strike the term altogether. Either they accept it on your terms or you walk. I will no longer put money up that doesn’t go toward the closing and is not refundable.

When I first started my consulting company I did work and then billed after and I wouldn’t get my money. These days I bill upfront and provide the service. That one bad experience allowed my business to become more efficient. This experience is the same. This one bad EMD experience will allow me to stand my grown on not including this term in any assignment I sign. The wholesaler gets paid if we close, period.

You learn these things and you learn what you like to do by being under the pressure of taking action in real game time scenarios. These make you a stronger business person and a more sophisticated negotiator. If you have never felt the pain of certain terms in a contract you will overlook them. For so long I overlooked the EMD until I realized I might be out $500 on something I didn’t acquire.

This lesson applies to anything in real estate. It applies to rehab (we are becoming more professional in terms of dealing with contractors) it applies to renting (how we manage and cater to tenant), it applies to all the lessons we have learned and are still learning in this business. The real life pain sharpens me into the diamond that I aspire to be. Everyone wants to be a diamond but nobody wants to get cut. Get in the game and take your cuts as you move forward and get paid in the process. That is the only way to become the gem that you desire to be.

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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Real Estate is Forgiving

One of the reasons I laugh at all the crowdfunding regulations is that most of the people seeking crowdfunding are looking to fund an idea not a hard asset. These people want you to fund their pipe dream concept with millions of dollars. Money that will be spent on salaries and marketing and a bunch of other things that aren’t tangible and cannot be sold to recover principal if the deal blows up.

Real estate is not like this. An investment in real estate gives you cashflow and a return but its not actually destruction of your principal. This is why so many people prefer real estate to stocks. Stocks, venture capital and many other things can go to zero, real estate does not go to zero. Any money spent on a real estate deal can be recovered.

This is why the crowdfunding regulations in my opinion are overbroad and are meant to regulate the issue of securities of a pipe dream not a tangible hard asset.

I love real estate because it is solid, tangible and it has a strong salvage value even if you have to firesafe it to a wholesaler. I also like it because it is forgiving.

What do I mean when I say forgiving? Well lets say you buy a wholesale deal with the goal of fixing and flipping it. You go over budget and now are at break even. The beauty of this is that since the property will cashflow from rental income you can gradually make your money back WHILE the property also appreciates in value. Here is an example with real numbers.

You find a property with an ARV of $100k. You buy it for $65k with a $20k rehab budget. Potential profit less fees is $10k. Unfortunately your contractor runs over budget $10k and now you are at break even. This sucks. What you are then forced to do is refinance the property and rent it for $1200/mo with a mortgage payment of $600. Over the course of that year you make $7200 in gross profit (since this is a new rehab any repairs or maintenance should be minimal, since it has a mortgage the property tax and insurance are included in the PITI payment). Over two years you made $14,400. After three years you have made $21,600 gross, but the property is now worth $125k. This is a $50k profit. What looked like a loss or break even STILL made money. Just remember this is worst case scenario. Best case you profit $15k and move on to the next deal OR profit 15k via refinance and continue to collect rental income while the property appreciates, WIN WIN WIN (word to Jay Rock).

It blows my mind how forgiving real estate is. You can make mistakes, you can boggle the deal, you can miss fire on the budget and still turn out ok.

On an earlier episode of my podcast with Asia Denson she talked about a flip she did where she bought the property and then rehabbed it with money she found from a private investor. When she finished the property and put it on the market she had a buyer but the buyer walked out. She was stuck trying to find a new buyer which ultimately took several months. All while this was happening she didn’t have the money to pay the lender so she wasn’t making the monthly interest payments. Ultimately she was able to find a buyer and she made good on all the missed interest payments.

This is important because a lot of people don’t do deals because they are afraid of things like not being able to make payments. They are afraid of things like not finding a buyer immediately. Well like Hood Estates says, if you rehab it they will rent or buy it. Because real estate is forgiving and the lender knew he would eventually get paid he wasn’t pressed for the interest payments which gave her time to find a buyer while not making the money. This flawed deal ended up netting her big money.

Family, you are going to make mistakes. Especially if you are new, especially if you don’t come from a family of developers. Your job isn’t to execute a mistake free deal, your job is to do deals and make mistakes. The beauty of business ownership is that mistakes aren’t fatal. You can make money WHILE making mistakes and getting the learning that comes from making mistakes.

This completely flips the employee and student thinking on its head. In those environments they reward perfection (which doesn’t exist so you spend a bunch of time being berated for inevitable flaws). Real life, business ownership and real estate investing reward the bold risk taker who is willing to make mistakes while moving forward.

The beauty of real estate is that even though you are making mistakes, real estate will save you. This isn’t a crowdfunding where it is money that is gone, this is a tangible asset that if worst comes to worst can be sold for a slight loss but never a total loss.

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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I quit my job

I really suck at being an employee. I just don’t value the exchange of time for money. This is in part because I have seen people who work their whole lives and retire broke while I have seen business owners who work really hard for a few years and live the life of their dreams forever and then leave that life for their kids. To me, working a day job has never been the wave.

My quest for employment was ruined when I read the book the Cashflow Quadrant and was exposed to the concept of business owners, investors, self employed and employees. Employees never get rich.

From there I read and read and read. So much so that I became too intelligent for full time employment as a means to create wealth. I started to see the game they were playing one me. The work really hard for us while we drive what we want and live how we want to live while you struggle. No thanks.

The concept of working for a weekend, working somewhere where you can’t hire or bring on your friends or family, working somewhere that you can’t pass on to your children is not the wave. So today, I quit my job.

The problem with me is that I know too much to work a day job. I don’t mean that in a way that is insulting to those that work a day job. I mean that in a way of knowing what I want out of life in the grand scheme of things. This has made me look bad because I don’t put my all into my job but I put my all into my business. I work for them but I don’t see them as my path so I don’t give it the honor that they might feel it deserves. I don’t value or honor jobs.

A large part of this is because growing up I was always attracted to the finer things. Boats, Rolls Royce, beach front property. I think that most of us feel this way. What I did though was I then looked at the people that owned those things and reverse engineered their life to mine. These people were business owners and investors. Therefore I must become a business owner and investor. Back to the topic of reading.

I read a lot and I am grateful for that. I appreciate it because it allows me to layer concepts on top of each other. This part of my life is called Choose Yourself, mixed with of course some Rich Dad Poor Dad. I also incorporate a ton of Grant Cardone (take a lot of action) and Gary V (product a lot of content) concepts into all those self choosing. You are the bag, secure your self.

We sell ourself short at jobs by selling our time to them at wholesale (in bulk and for low) so they can then resell our time at retail and keep the profit for themselves. This isn’t just unfair to you, it is unfair to your heirs, and your immediate family. That successful business that is deep inside of you that you are trading for $50k/ year is a billion dollar enterprise that feeds families. This is especially true if you have a skill or a trade. Yes there are a lot failed businesses but I think this applies to those with pipe dreams not real trades. A business backed by a skill or trade will succeed.

Last year I told the good folks over at XYZ, LLC that I needed a raise. I didn’t get that raise on the spot but this prompted me to choose myself. From there I put together the real estate platform, the tax platform, the consulting platform and gave myself a raise. That raise actually doubled my salary (which is now on track to double that double in 2019) and allows me to now work for myself as opposed to working for THEM. I told people that the success you achieve in business will then grow exponentially. The more work I do for me the more I build me the more I make. There are no limits on your income when you work for your own brand and then that work compounds. The great thing about business ownership is the work you do in year one can still pay you in year 25. An example is that we went from on client per week in year one to one client per day. Success breeds success.

Now that I work for Todd Capital exclusively my mission is to help as many people as I can, 24/7, 365. This means that I can now serve MY community not the community of Orange County, CA. This means that I can produce more content and change more lives. This means that my community will be further elevated through our work. That alone is amazing. Our people are starving for good folks with skills to bring them back to their community as opposed to forcing other communities to validate them. I am off that. IT won’t ever happen.

Quitting my job allows me to focus more on us and less on them. Quitting my job allows me to elevate to the level I decide to not the level they keep me on. I am excited for what is to come and I am excited about all the people we are going to help in the process. Black business, especially black big business (which is what Todd Capital is) is a quid pro quo. As we elevate so does our staff and so does our employees. This is a monumental moment and I look forward to see what is to come.

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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Wear a suit even if they don’t wear one

Growing up I was always told to present myself well at all times. When I say at all times I mean “all times”. What this meant for us growing up is you can’t just walk out the house wearing whatever you want on the basis that you are JUST going to the grocery store. This meant that you didn’t wear duwrags out the house. You put your best foot forward at all times.

The funny thing about all of this is that I pushed back against this as soon as I was able to. My first year in college I rebelled against all the things I was taught. I would wear pajamas to my early college classes. I would wear taz house shoes to class. I would wear duwrags to events and to class with tall tees. I dressed like a stereotype, everything that I was not allowed to do growing up.

In doing this I realized that the reaction I got from people wasn’t a reaction that I cared for. People were afraid of me. People would watch me in stores. I looked like a thug and I was treated like a thug by everyone I came in contact with, even black grad advisers and grad chapter members in the fraternity.

This experience in year one of college pushed me to start caring about how I dressed and presented myself for myself. Not because my parents required it. While they were right, I had to experience the reactions for myself to appreciate the lessons they were teaching me.

At that point in life I started taking my attire very seriously. I became obsessed with GQ and all things fly. I read the Fonzworth Book and I just started trying to not show up but stand out. I wanted to look like money (I was a finance major), not like a rapper or the hoodlums on the street. I wanted to look like I owned the building not that I was looking for a job in the building.

At that point in my life I started drifting toward preppy and timeliness attire. I went to the store and bought a bunch of Ralph Lauren polo shirts (some that I still own ten years later), I bought a few pair of Seven for All Mankind jeans, I cut out the sneakers and started wearing boat shoes and loafers. I started dressing well for myself and the reactions from those around me were great. People on campus saw that I was about something so they looked out for me and made things happen on my behalf. The only thing that changed was the clothes I was wearing which then changed how people treated me and also changed how I thought.

As I got through college and into the professional work space I was then challenged again at Edward Jones. EJ has a policy of dark suits, and no facial hair. This was weird for me as I was used to wearing a goatee or a chinstrap beard as the last few things I held on to in my cool guy phase. I adopted both, not by choice, but these are things I still carry on to this day.

These days I work in a casual office. They don’t wear suits or ties and they embrace a casual Friday. This is uncomfortable for a lot of reasons.

Wearing a suit elevates you

It elevates your standing in society and it elevates your mentality. People talk to you different when you are in a suit. You go from Charles to Mr. Oglesby. Your thoughts go from worker to owner. I like this.

Wearing suits opens doors

Another thing that happens when you wear suits is that opportunities come to you. When you wear a suit people wonder what you do, they are interested in what you do.

Wearing suits destroys stereotypes and bias

One thing I dislike about Orange County is that it is very judgmental. People look at you and make an assumption about you based on things outside of your control. What I like to do is take my power back. I do that by dressing well, speaking well and being polite. This flips their thinking on its head. You have to do what you have to do to get what you want. For me, a piece of this is suits.

This is why I will require all my staff to wear suits. This is why I will require my children as they grow up to wear collared shirts. Appearance matters. Appearance impacts how you think about yourself. Appearance determines the opportunities that come your way. I choose the suit life even if those in my office aren’t about that suit life. I dress for where I am going not for where I am. Don’t let your environment dictate how you carry yourself.

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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How to invest in real estate from long distance – Part 2, Property management is a customer service job

If you don’t know how to treat tenants they will teach you how to treat them.

This is something I have experienced in dealing with multiple tenants who always have issues and aren’t the best at presenting those issues.

Every single month, at the end of the month I know I will get repair requests as people seek to offset their rent or put a dent in our pocket. For the most part we have allocated these into our budget but sometimes we have a heavier repair like a roof repair or a furnace issue. The repairs are usually nothing more than a few hundred bucks here or there.

One particular tenant likes to accumulate a bunch of items and then throw them all at us at the same time. She will get quiet for a while and then send a long text with multiple things to repair. There is now way that all of these occurred simultaneously.

The crazy part is that even though she pays the rent late every month, when the text for repairs comes in she wants those repairs done promptly.

A few months ago we had a repair issue and I gradually took care of the problem. Apparently this wasn’t sufficient for her so she contacted the state to get money for the repair. The state then called me and proceeded to have words with me acting as though we had neglected the property and created an “unsafe” environment for her kids.

After that call I immediately got someone out there to handle it the same day, brushing off the many other tasks on my plate. When tenants say jump sometimes you have to ask how high.

This was a hard lesson to learn. I had to humble myself in the face of a low income, low paying, late paying tenant and do right even though they do wrong. They do wrong in paying rent late and for paying late without paying the late fee. They do wrong by making it difficult to access the property. They do wrong by moving in people who aren’t on the lease. They do wrong by loading up repairs to the point that it is tough to handle and then launching them at us in bulk.

Despite all of these things you still have to be the proper landlord and do right. I learned that there is a reason why WE own the property and they are renters. We don’t see a bunch of repairs and complain about how hard it is, we chop the wood and get it done promptly.

I had to humble myself in the face of the tenant because I was focused on the prize of rental property ownership. I had to learn to serve the tenant, to show concern for their situation, to get moving on their problems rapidly.

It can be difficult to have a tenant, someone who you believe is not on your level as the landlord to talk to you as if you work for them or as if you serve them but in the role of the manager you do. The best thing you can do is give them white glove, five star customer service. This reflects on your brand and it also prevents the authorities from coming out looking for problems.

If you are in the property management business, if you self manage, if you keep the fact that you are the owner of the building a secret, you must humble yourself and work FOR the tenant. It sucks but the pros outweigh the cons. The long game is well worth it.

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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Y’all gambling or investing?

This morning I saw an interesting tweet. The tweet was a challenge to see who could turn $20 into $100 the fastest. While I admired what they were aspiring to do I had to step in.

I stepped in because this is the kind of thinking I try to beat back when it comes to investing, business ownership and wealth building.

The mentality is the get it quick with not a lot of skin in the game mentality. The millionaire tomorrow from a buck mentality. I see this in a lot of new wealth builders.

My problem with this line of thinking is that it is actually counter productive to the new wealth builder because they rush in, skip analysis, take more risk than they should and they look at investing as a one time event that makes a few bucks, not a marathon that yields wealth that you could never spend.

Another reason I stepped in was because the $20 thinking is another example of both a gamblers mentality and a lottery mentality. Neither of which help create wealth only poor people looking for that miracle. Too many people are skipping the preparation to get wealthy. Those same people are the ones who lose it even if they make it. If you have a little money you likely have a spending problem despite what people on the internet tell you.

Commit to the process

See, by committing to a process you watch your pennies instead of throwing them away. By committing to be an investor and not a gambler you would have more accumulated in the first place. This allows you to make good investments not trashy ones.

We all want to be rich but some of us would be good enough if we just had a solid $200k put aside. That is more than most of you inherited or expect to inherit. You can get there with a process but you can’t get there chasing a something for little to nothing pipe dream. If you only have $20 to “invest” you have deeper problems that need to be addressed first.

Are y’all investing or gambling? Are you looking for the stock market to be your ticket to the good life? Are you hoping that real estate will yield you Gucci and Louis money? If this is you I can promise you that you will lose a lot of money before you make money. Hopefully you have money to lose while you learn.

If you are going to invest with me you need to be an investor. You need to embody what it takes to be an investor. Frugality, long term thinking, delayed gratification, the ability to reinvest your profits, the ability to see what is not there before it is there. Just like certain skills make you a great engineer or a great lawyer, there are certain skills and traits that make you a good investors. Gambling and short term thinking is not one of them.

What I would recommend these people to do is do what we did. Instead of looking to flip $20 four times over (a 400% return, which is hardly ever seen), systematically put $25 aside with a group of your friends. If 10 of you put aside $25 a month for a year you would have $3,000. If you wanted to make $80 out of that $3,000 you would only need a 2.6 return. You could trip and fall over 2.6% in the stock market.

We have to get out the a lot for a little or a lot very quick mentality. This thinking is going to ruin the MFU industry and it is going to ruin flippers who are churning homes into a soft market. ALWAYS think long term. ALWAYS think generational. Don’t invest for a vacation, invest for your kids kids vacation.

While I respect the mindset of investing and using the stock market to make money I am also not a fan of the quick and fast mentality that so many people bring to investing. It doesn’t end well. It won’t end well. People respect investors, nobody respects gamblers.
Are y all investing or gambling?

If you are interested in learning how to invest long distance email charles@capitaltodd.com

I encourage you to invest with us and join our partnership.  We are doing a great work and if we keep up the pace we can be into twelve doors before the middle of next year.  We are also going to buy a truck by midyear.  If you want to form your own contact us for a consultation and we will walk you through the process.

If you are interested in investing with our club on either the stock or real estate side we would be happy to welcome you into the partnership.  Email membership@capitaltodd.com today to join.

We have an amazing course that will teach you all you need to know about how the stock market works and you can find that here: https://www.udemy.com/what-they-didnt-teach-you-about-money/

Thanks for reading!

Be great, invest well,

Todd Millionaire

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Yeah, I did that! By @Annettes_Worth

People say you have to go through the programs of Dave Ramsey then Robert Kiyosaki in order to build generational wealth. I’ve been a student of both and have paid off debt then used debt in order to purchase real estate. I’m currently on my journey to financial confidence. Notice I didn’t say financial freedom. Even if you have the money not to have to work for 9-5 income, when you find the formula to making money, you’re not going to stop working when your money machine starts spitting cash back out to you.

Anyway, I ended up purchasing a single family property from an auction site. I pulled from my retirement account, emergency fund, personal line of credit and two of my paychecks that deposited before my closing date in order to make this cash purchase. Then, I went into a susu with my coworker and mentor who encouraged me to start the renovations on this property instead of waiting for  the winter season to end.

I purchased the house in October and the renovations were completed. A tenant was placed in the property by February. I did it! I was able to create a money machine that spit out $1595 a month! The options for my family were endless. I could pay off my line of credit. I could invest. I could help my nephew pay for college. I could put money towards my mother’s mortgage. I could let the cash build and pay for another property. I didn’t have to work overtime if I didn’t want to. There was so much I could think about how this additional monthly income could help my family.

I always wanted to learn about investing in the stock market. Being a long time listener to Ericka Williams, I ended up investing in peer to peer notes through Lending Club, and then later with The Black Seed Group and Todd Capital Investment Club. I was finally connected with people who understood the stock market and was getting familiar with new terms. I learned how to not purchase a stock based on what stock was hot just for that moment and I wanted to learn more. I saw an IG post from FinCon and one of the people in the picture was Teri Ijeoma. My nephew told me he saw a webinar about investing in the stock market and I heard her name again. I watched her webinar and decided to invest in myself and take the Invest With Teri course on learning how to trade in the stock market.

By the end of my 8-week course, I was on my way trading in my simulation account and making mistakes and watching fake money grow and shrink. By trial and error, I learned from these mistakes and decided to make a move that would change my life and my mindset forever.

Honestly, when you hear people say you can make $1000 a day, you tend to think that those results may be for someone else. I was ok with making an extra $100 a day because that would be more than what I would make if my money was sitting in a bank account. In order to be a day trader, you need at least $25,000 in a trade account. I had already decided to do a cash out refinance on the property I purchased above to pay off my line of credit. I also made the decision to make an attempt at day trading with the knowledge I just learned. Guess what happened!  I lost money! I wanted to quit. I had to add more money into my account and wait until the next day for it to hit my account. I went through a bunch of emotions as I saw my balance turn red when I was losing money and the excitement of seeing green when I was in profit. It was literally a roller coaster of emotions because I was investing with money that would have benefited my family in so many other ways. I doubted myself as to why I was trying this new venture. I was already making a good salary as a RN. Why mess with a good thing? I stopped trading and went  back through the material and the beginning of the course that included videos discussing emotions and greed during investing process. This explained exactly what I was going through. I regrouped and created an investment strategy that included limits for myself and even had to take deep breaths in order to control my impulse of wanting to exit the trade when the price was in the red. Guess what happened! I made money! I made small amounts at first: $150, $500, $800, etc. 

Then it happened, I made the highest amount that I have made to date in one day, over $1500!!! This was my pivot moment. This was the day when my mindset changed forever. Not only did I make over $1000 in one day, I made in one day what I made from my rental income in one month!

I love real estate. I can search for properties for hours in order to find deals. Real Estate preserves wealth. However, whatever vehicle you use to make the money to purchase real estate, you owe it to yourself to learn a skill other than your 9-5 income in order to invest in real estate. The trajectory of the potential for my family’s generational wealth has increased exponentially. So there it is, I’m still learning. I’m still a beginner. I am taking the Advanced portion of the Invest with Teri course to add more tools to my tool box. 

Join me on my journey to financial confidence on IG: @Annettes_Worth.

Yeah, I did that!!!