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Not spending is the skill, spending is not the skill

I was scrolling down my timeline looking at the IG of my favorite football players and couldn’t help but see a bunch of young men that have it now and likely wont have it later.

It is cool to look at them ball out and drive Rolls Royces but a better thing would be to turn that massive income into permanent passive income. Stats show that 78% of NFL players are broke two years after they leave the league and 60% of nba players are broke.

See anyone can spend money. It doesn’t take a genius to spend money. I think that frugality should be more coveted than it is in our society.  In our culture we look down on the saver and applaud the person who is rapidly going broke.

I have people look at my old ugg loafers and say eww buy new ones.  I have my mom telling me to buy new this or new that and all of it sounds good and feels good but a lot of things that are detrimental sound good and feel good.  Almost everything that sounds good and feels good is not good for you.

This is when I realized that saving money is a skill.  The better you are at saving the more financially buff you will be.  This is important because we tend to applaud the loser in life who is the person spending it all and spending it fast just like these nfl athletes.

I was once once of those guys.  I would spend spend spend spend spend. I thought I was cool but I was actually broke.  I had no financial security. If I got fired I immediately went into financial crisis.  This made me the jobs punk. That is not an empowering position to be in, but I had them Jays and Gucci shades though.

Everyone talks about this idea of not watching your pennies but to instead focus on income. This sounds good but its not correct. To win you have to both watch your pennies AND increase your income.

Just like winning in the gym is both eating and exercise, winning financially is both not spending and massive earnings. You don’t get to spend spend just because your income is up.  Not spending is is the skill, spending is not the skill.

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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Stop running the race to get rich and start running the race to get free

A lot of people want to be rich.  They want to live in the best, drive in the best and go first class through life.

For a while I was one of those people.  I wanted money to buy things.  I wanted the expensive stuff. I wanted people to see me and think “money”.  Not so much anymore.  I have learned that it is better to get money for the purpose of freedom than for the purpose of impressing people.

This is foreign to a lot of us. We underestimate the power of the dollar in America and over estimate the power of a Louis Bag.  When you lack money you look at the things you could get when you have money. When you get money you go and get those things.  Many of us also get money, spend money and do things for the gram just because we have very low opinions of ourselves that we try to fill with fake social media love.  We buy luxury this and that, we travel to the fanciest locations but if we get hit with a 1k emergency we throw up a gofundme.  That is a fake life not a free life.   This is a viscous cycle of poverty that we never address.  We never address our part.  If you could just focus on getting money and not spending it all our problems would be solved.

Recently I have fell in love with the concept of financial freedom.  What is financial freedom? Finance freedom is a lot of things but what they mostly consist of is freedom from employment aka working for wages.

As I write this multiple things come to mind.  You can get to financial freedom through paying down debt.  You can also get there by creating enough passive income that you exceed your living expenses.  You can also get there by living a lean life while you earn massive income such that you can stash the majority of your working income to build a “forget you” fund that liberates you from the NEED to work (could be $100k).  There are many ways to do it.  But the key is not HAVING to work.

What I wan’t to impress on you is that it doesn’t have to be some large number like $10m.  You don’t have to hit the lottery. You merely need a cushion, some passive income and low to now debt dependency.

I am not against work, I am against HAVING to work.  

One of my biggest pet peeves is the feeling that I have to be humble in the face of employment to please the powers that be so rent can get paid.  One of my biggest fears is being let go from a job with no reserves, immediately thrusting the homelessness upon myself. It has happened to me before and I won’t allow it to happen again.  I used to hate that I had lost jobs that then made me scrambling to pay rent.  I always have a backstop but I want the security of not having to lean on that backstop.  Financial freedom is that security.

As I age I continue to put up barriers to homelessness which also are financial freedom. I get windfalls and I don’t spend them. I put them toward my freedom fund.  I get huge capital gains and business income and immediately stash and invest them toward my freedom fund.  32 year old me is freedom oriented not flash oriented. 

Financial freedom is working because you want to not because  you have to.  Many of us are tied to work we despise just because the mortgage must be paid or we must pay the note on our baller vehicle. There is a better way.  A better way is two fold.  Chunk out your hefty debt that traps you to a job.  Any debt the traps you to a job must be destroyed.  Second acquire assets that generate income without the need to work.  This should also help expedite the debt pay down with the additional income.

Once you get to this place you can get rich.  Why? You have the time to do the important high dollar work.  It amazes me the amount of money my business earns compared to the money my job earns yet my job gets the majority of my most productive time.  If I were to flip this and give my business my productive time I could make ten times what I make on my job.  Freedom allows for that.

The goal is not to get rich and retire the goal is to retire and get rich.  The free time, resources and etc that avail themselves to you once  you are free allow you to reach wealth.

Stop running the race to get rich and start running the race to get free.  After you get free, rich is easy. 

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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Don’t try to figure it all out beforehand, get to work and figure it out as you go

We have been working on deal four for a while.  We bought a property at auction that required a full renovation.  We traveled out to the city, signed the docs and then booked a bunch of bids for the weekend that I was there. Some of the bids were reasonable and some were not.

I ended up getting started with one of the more reasonable contractors.

We started with the roof and the electrical.  He did some electrical work and then they repaired the roof.  They were both crap jobs.  We moved on to the kitchen and then all of a sudden he disappeared.  We didn’t know where he was. Turns out that Tyrone had been arrested and now we had to find a new contractor.

We reached out to a few guys and got a bunch of crazy rehab numbers. 40k, 50k 100k. Finally we found someone that gave us a quote of 20k.

Given that we were already halfway in the project this was even more expensive than we had planned.  I knew we had 10k but had no idea how we would get the rest.  Instead of figuring that out I told the contractor to get to work.

As he was working I was slowing coming into more and more cash to fill the gap.  I had some options that hit, I had some business income hit and some partners stepped up.  The final push was a line of credit we got approved for under Todd Capital LLC. We are now able to get this done and the project is 75% finished.

When we were sitting with low cash and a high bid I didn’t know how I would get the project finished but I knew it would have to get finished.  I had a choice to sit there and try to figure it all out or get moving knowing that as the project got closer to completion we would find a away. I chose progress.

The moral of this story is get in the game and find a way.  The moral is get in the game even if you don’t fully see the way.  If you are in the game you will make yourself more attractive to wannabe players, investors, funding sources etc.  But if you are sitting there you will likely just continue to sit there.  Jump in the pool and tread water.  The stress, pressure and insecurity will make you scrap together a solution that perfect world you would never consider.

I wasn’t expecting the business credit or the investments but I knew that I would find a way to close the gap. I knew that I would get the project 95% of the way there and either keep the contractor in the deal until we sell during which we would list the property before sold or we would get a loan from by rich uncle or I would have to liquidate my own investments, but I knew we would find a way.  Winners always do.

I encourage you to get started doing what you set out to do even if you don’t see the full stair case.  Know that it will reveal itself to you as you get closer but you must move toward the goal.

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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Why you must choose yourself

On this weeks episode of the podcast we do a deep dive on the book Rich Dad Poor Dad.  During that discussion I make the point that RDPD is a book that actually makes you resent employment in favor of entrepreneurship.

Growing up I always admired entrepreneurs.  I admired them because their income was limitless.  They didn’t wait on raises, they didn’t have glass ceilings, they could make as much money as they wanted.  Knowing at a  young age from driving around wealth neighborhoods, shopping at high end malls and eating at  high end restaurants I knew this was the life that I always wanted, one of limitless income so I could truly enjoy the good life.

I realized recently that the reason why this income is limitless is because you have a limitless customer base.  In business your income is only limited to the amount of people that you can serve not the amount of hours you work.

This is important.  It is important because on your job you are only giving your skills to one person.  In entrepreneurship you give your skills to the world.

What is more, one person or billions of people?

So what is stopping you?

What stops most people is their fear that they aren’t good enough.  Having a job allows you to loaf off and not be as tight as you would be standing on your own two.  I have a secret to tell you though, when you put yourself out there and stand on your own two you will truly see what you can do.  You have the ability to be as thorough as the owner, you just have to put yourself in the same shoes as the owner.

Another thing is perfection.  Stop worrying about perfection. Many of us think we have to be perfect with the perfect product before we present it to the world and that just isn’t true. This is what school teaches you.  This is what employees do. This is drilled into our head at a young age and it keeps you strapped with this false belief that you must be perfect or else you will get an F or you will be fired but entrepreneurship doesn’t work like that.

What you need is a minimum viable product that you can then market to the masses and then reinvest your gains to improve the quality.  Launch, generate revenue, reinvest, refine, launch again.

You are literally robbing your kids of wealth by limiting yourself to a day job.  You job wouldn’t pay you if keeping you wasn’t profitable. That excess profit should belong to your kids not their kids.  We always speak on how spending money at their stores makes them richer and your community poorer where working at their firms makes their community richer and yours poorer. They pay you $40 and hour and bill you out at $120 and hour, the margin goes towards $40 on the overhead (which could be commercial real estate you own that is being paid down) and then $40 that they get paid for doing nothing.  You get one third of what you are worth because you want safety and security.

Choose yourself season never died.  It is still alive and well and as long as America is America it will always be here.  I encourage you to choose you not choose them in hopes that they choose you.  You are more than enough, you are more than skilled and what you don’t have you can and will learn via experience.

You must choose yourself because having a job is the opposite of diversification.  Choosing yourself allows you to multiply the amount of checks you have coming in which is a safer bet than the one person economy that is your job.

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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Three Takeaways From My Weekend At Camp Flog Gnaw

This weekend I had the pleasure of witnessing the massive event that was Camp Flog Gnaw.  For those that aren’t aware this is a huge carnival and festival put on by Tyler, the creator in Los Angeles.  It is similar to Coachella.

I was impressed on multiple levels. The first was that it is black owned and produced.  The second was the massive amount of people that attended.  The third is the ridiculous prices that were charged that people willingly paid.

Tickets to get in started at $250 for the weekend.  VIP was $1000.  The cost of food was heavily inflated and people still paid.

Another thing that impressed me was the level of organization that was in place and the technology that they implemented.  The festival had a partnership with postmates and square so people could pay at all vendors using debit card and even apple pay.  They could also order their food in advance with postmates, show up at the booth and pick up their food avoiding the line.

In regard to organization, the even was organized by BBCB, an organization that runs festivals like Coachella and the like.  They were constantly monitoring the restaurants and bars to make sure everything was in tip top shape in accordance with the policies even down to making sure that all booths had two lines working and not just one cashier.  Overall it was a massively successful event.

Aside from all of that, here are three takeaways that I took from this entire event that can apply to your business.

Grow as you go 

CFG didn’t start off booking Dodgers Stadium.  They didn’t start off selling $250 weekend passes.  The event started off as a free block party that Tyler created to promote his album release.

From there it has grown and grown to the point that they can charge what they want and still sell out.

People will overlook this but to me this speaks to what black people can achieve if we just create and produce and stop looking for validation or worse talk ourselves out of doing the very things that other cultures do.

Many of us will look at Coachella and say we can’t get there because we don’t have millions but we still don’t realize that Coachella didn’t start out as Coachella.  Everything that is big started out small.  Tyler’s carnival which might actually be better than Coachella in the amount of top acts that performed and the location of the venue (Los Angeles not some far away place). After all location and talent carry the festival.

Making money off more than music 

There are a lot of rappers out there doing the same things.  For some reason black folks tend to think they can’t make money unless they are doing the same thing that other black people are doing to make money.  This is why when real estate is hot everyong runs to real estate.  When bitcoin is hot everyone runs to bitcoing. Same is true for rap and entertainment.

I think this is silly.

This carnival showed that you can make a fortune striking out and being the maverick.  Before Tyler no rapper was doing this and if we are being honest they would have probably laughed if you tried.  The things is that your brand is bigger than just dropping albums.  Tyler shows this.

Too many of us sell ourselves short by doing the things that every other black person is doing instead of forging our own path.  When you do this you ruin it for you and you ruin it for them.  This is why shopping centers and malls don’t have ten coffee shops or ten drug stores.  At that point you have over supply which then makes the entire endeavor unprofitable for all involved.  This is why football players can’t strong arm team owners.  This is why rappers don’t really make money.  There is an abundance of talent that is easily replaceable because we are all trying to fit in the same door. Instead of trying to do what other people are doing, use your creativity to create what has never been seen and then walk into abundance.

Opportunity for friends 

One of the best things the festival does is creates opportunities for Tyler to promote his friends.  When you build and opportunity you are forced to include others. When you beg for an opportunity you are forced to do it all without the help of others.

Tyler has a carnival that is better when his friends perform yet they benefit by performing.  This is why business is so important.

People like Jaden Smith and ASAP Rocky and Kids See Ghosts all benefit from the exposure because black business is a quid pro quo.

In closing, I was very impressed with the Camp Flog Gnaw production but I was actually more inspired than anything.  To see a black owned festival shut down Dodgers Stadium is a testament to what we can do when we don’t let others limit us with their opinions.  I was very impressed with the Camp Flog Gnaw production but I was actually more inspired than anything.  To see a black owned festival shut down Dodgers Stadium is a testament to what we can do when we don’t let others limit us. Not only was it done on a large scale but it was done well on a large scale.  The implementation of technology and the organization was impressive.  I encourage you to start working on your own CFG without the opinions from outsiders.  Do the work and be great for something that is bigger than you that will impact more people than just you.

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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Earn Your Weekend, by Raphael Husbands

Most people spend all day at their job looking forward to the weekend. Working 5 days a week to make enough money to spend on 2 days worth of entertainment. People drink away their whole paycheck and have nothing to show for it in the morning except a hangover.

A hangover. That’s it. A headache to remind you of all the “fun” that you had the night before.

Please don’t be 1 of these people. Especially if you’re broke.

Don’t drink to forget your pain. Get rid of your pain. (That goes for all areas of your life by the way, not just money.)

If you’ve got money problems, do NOT take weekends off. You don’t deserve them.

If your money problems keep you up at night then why are you trying to sleep in on Saturdays? Money never sleeps so while you’re relaxing in bed then your money problems are likely getting worse.

There is no rule that says that human beings deserve 2 days off every single week.

Celebrations are for when something goes well. If you’re poor then you shouldn’t be partying. If your finances are messed up then what is there to celebrate?

If your money problems keep you up at night then why are you trying to sleep in on Saturdays? #WML

If you want to have fun on the weekends then you need to earn it. If you haven’t done everything that you possibly can during the week then what makes you think you deserve days off anyway?

Don’t spend money that you don’t have and make your problems worse.

When it’s quitting time at your job then YOUR time begins. You need to get about the business of YOU.

This is when you really put in the work.

Remember, you’re the only one responsible for your life so you need to be on it 24/7. That means working on weekends if you have to.

That could mean a part-time job. Or it could mean earning a degree to get the skillsthat will increase your income. Or it could mean creating assets like books or courses that you can sell. Or investing in real estate.

Whatever it is, you keep doing it until you pull yourself out of your financial hole. You may need some rest but no relaxing.

Until your money’s right, forget about parties and drinking all night. Forget about YOLO.

Get serious about your life and start squeezing as much as you can out of your “days off”.

Maximize your days and earn your weekend.

Raphael Husbands

WorkMoneyLife.com

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You can get to financial freedom a lot faster than you can get to retirement

A lot of us are thinking about retirement and wealth building all wrong. We are told to save up, invest in a 401k and twenty years from now you will have one million dollars.  This is all wrong.

This advice has people scraping by, just barely making their mortgage payment, taking vacations, buying everything they want because the long term think allows them to avoid short term sacrifice that would set them free well before age 65.  This is not the way that I plan to live my life.

I believe that this advice is aimed at milking as much money out of you in fees in interest as they can.  The 401k company makes money on your money for “managing” (if you can call it that) your money.  The mortgage company makes money on interest over time because you took your loan full term.  You made 100k per year for twenty years and all you have to show for it at the end of those 20 years is a paid off 300k home and a mil in the bank.  The problem with that is that twenty years of 100k income is two million dollars and you only have 1.3 to show for it. The other 700k is the interest and fees you lost by paying your mortgage full term not to mention all of your life you gave away hoping for that big pay off.  This advice serves them it does not serve you.  There is a better way.

Most of us need to chase financial freedom NOT wealth and riches.  So many of us are chasing riches though. We want the glamour we want the big baller everything so we chase and spend and buy and chase.  Twenty  years later we are exhausted. Chasing riches is a race many should not be running.  My thinking is that it is easier to rapidly get to zero than it is to get to riches but the freedom you get from zero is as liberating as the riches. 

One of the most infuriating things I see my people do is buy a house and make the mortgage payment and the mortgage payment only.  This upsets me because you will look up fifteen years from now (that is a long time) and realize you haven’t even made a dent in the principal. You basically have spent fifteen years renting from the bank.  Meanwhile these folks lived their best lives around their mortgage, taking trips, buying bags, posting flicks on the gram but in real life their financial situation is trash. They will be stuck working for someone for the rest of their life because they couldn’t  handle a little sacrifice.

What financial freedom does for you is it gives you the same exact freedom you would have if you are rich.  You no longer have to work, you no longer have to answer to anyone you can come and go as you please, you have more discretionary income.  That is what financial freedom allows you to do. It is called freedom for a reason.

So when you buy the house it is your responsibility to rapidly pay down that house.  If you have dual incomes you should be doubling down on the mortgage to get mortgage (death pledge) free. Flip the game on its head.

One thing that I love about being a reader and a podcast listener and someone that is just educated period is that I look at life and make a decision based on my thought process not on the though process of others. Many people who are uneducated take their cues from their friends.  I am always hearing from uneducated people what their homeboy or homegirl said.  Its like their homeboy is their scholarly source.

The point of this post is stop aiming at retirement as the end goal and start getting insanely serious about retiring that debt. Why is this important? It is important for a lot of reasons.  The debt is not a moving target but investment returns are.  You are buying and hoping to get a return but your debt is a set number and it is always that number.

Not only is the interest not a moving target but neither is the principal balance.  Doesn’t it make sense to pay 300k instead of focusing on millions? If you knew that freedom is in 300k instead of that silly wealthy number they tell you to aim for wouldn’t you choose 300k? What is smaller 300,000 or 1 million?

When you achieve financial freedom you get to follow your passion, when you follow your passion you make massive amounts of money because you don’t count the hours.  So the key is do what you have to do then do more of what  you have to do then do what you are passionate about.

Stop chasing millions and start chasing freedom.  I know many many people who have paid off their homes and retirement started at that point not at some age 20 years away.  Take control of your life, and start playing the game. Don’t let the game play you while collecting interest and fees.

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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Four ways wholesaling real estate is just like stock market value investing

We can all point at Apple, Netflix and Amazon and talk about how much money they make, how great they are and how they will never lose. A lot of “experts” will point to these stocks and feel as though they have made some profound pick in telling you to buy what is big and healthy.  I take the opposite approach. I am a contrarian, I buy what people hate. I buy it hard. I buy it all up.  I make it great again.

Now you might hear this and think it is foolish.  Why would you invest in something that isn’t a great stock or a great piece of property.  This is because THAT is where all the returns are. This same strategy is true in real estate investing. It took me a while to feel it but I am convinced more and more that it is just good business to buy the bad and make it great again.

Here are FOUR reasons why wholesaling property is just like value investing and if you take the same approach you take investing in the stock market as you do investing in real estate you can make out-sized returns.

  1. Wholesalers look for problem properties, value investors look for problem companies

A lot of real estate wholesalers would be great stock market investors if they knew that their wholesaling skills are directly correlated with value investing.  Wholesalers don’t look for the pretty property on the corner they look for the one with problems.  The more problems the better.  When a wholesaler or investor walks into a property and smell cat pee they smell money.  The same is true for stocks.

What makes this difficult for stocks and some real estate markets is that they have a more public market.  Stocks get slammed by “experts” who tell you not to buy. They tell you that the company is trash.  They tell you that it is never going to come back.  So investors avoid those stocks but in doing so they also miss out on massive returns.

When you hear things like this that is a sign to move in and move in rapidly.  This bad news and bad press can be used as bargaining power.  This bad news and press is what wholesalers tell sellers everyday with the knowledge that trouble wont last always.  In stocks when you hear bad news this is just time to get a bargain price.  The stock will fall and you swoop in for the buy low moment.

2. A value investor just like a wholesaler hears bad news and licks their lips because they know it is time to feast.  

When I hear about a racist comment at Papa Johns or a health and safety issue at Chipotle I know it is time to eat. Not literally because Chipotle needs to handle that but I know it is just a matter of time before they get it all together.

The same is true for real estate.  I will never forget when I mentioned to my mentor Al Williamson that I was looking at a property that had a murder on the front steps.  He told me that is a buy ALL DAY.  In real estate, like in stocks, the best deals come after BAD NEWS.  Think about it, a flood, a divorce, a death a lost job, a murder, these are ALL times to get good deals in real estate and they all follow bad news.  The same is true for stocks.  When bad news comes that means there is money to be made for the savvy investor.

3. Wholesalers buy what the market hates, value investors buy what the market hates

When you invest at the top of the market you can only earn what the market gives  you.  This is that 12% ROI or the basic $100 a month cash flow from your turnkey rental. If you REALLY want to get abnormal sized returns like Buffet and Icahn you have to get in the mud. You have to buy Detroit at the low, you have to buy American Express on the brink of bankruptcy.

4. Wholesalers buy property for pennies on the dollar, value investors buy shares for pennies on the dollar 

When you find that off market, beaten down property you can get it for pennies on the dollar. You can then add a few bucks, do nothing, or do a full rehab and make tens of thousands of dollars.  For a lot of people this is a return that obliterates that which they would get in the stock market.  This is because most people invest in the stock market differently than they invest in real estate.  People compare apples to oranges.

People who make the stock market to real estate comparison often compare retail investing to value real estate investing.  They find beaten down off market properties but they buy the stocks that their broker recommends.  They buy the glamour stocks.  This makes no sense and it is a terrible comparison.

How this applies to even more than stocks

What is important here is that this theory is no only applicable to stocks and real estate it is also applicable to businesses, employees, apartment complexes, land, cars, anything that you can get for a value price will ultimately create net worth and out-sized returns.

So the key here is that as an investor in the stock market you should be on the hunt for stocks with terrible news, with scandals, with falling earnings.  You want to buy what people don’t want because this ensures that you will get a great price.  On the other hand you want to sell what people love because this ensures you will get top dollar and you won’t lose out when that top value stock begins to erode away against the market.

Read everything, watch everything, talk to everybody

This lesson is not something you will get from reading one book.  They will not teach you that.  I personally have read over 100 personal finance books. What I am teaching on these days is a combination of strategies, theories and experience.  I have bought the big sexy and lost. I have bought the crappy company and see a 35% return.  I have looked at properties that sell at market with no margin.  I have bought properties that are so cheap that mistakes and missteps are priced into the buy.  Don’t just take the wholesale approach in regard to real estate.  Take the wholesale approach with any asset you buy.  You should always be on the search for distressed assets not turn key assets where everyone has eaten before it gets to you.  Be the person that creates the opportunities not the person that waits for opportunities.

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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Don’t chase people for old money. Instead, chalk it up as an investment, and chase new money

This morning as I walked into the office I got a screenshot and a deposit from a client I do work for.  I had counted this money as a loss and moved on, I don’t chase people for money.

I was grateful that this money came in but I would have been fine without it.  I was off making money other ways in other ventures.

In this game of business you are going to deal with people who don’t pay, people who can’t pay or people who are slow to pay.  For some it might be a timing issue not a character issue.  They have a lot of things going on and you are not the ONLY person that they owe money to. If it is a character issue then you likely saved yourself a ton of problems down the line for the small amount of money they owed you.  If it was a timing issue I urge you to be understanding.

Us entrepreneurs have money that comes in and goes out almost daily.  The average business owner has ten times the expenses as the typical wage earner.  It is wise not to attack someones character for something that might be outside of their control.  They will appreciate  your pleasant attitude and that money you didn’t press them for becomes an investment in your long term relationship.

The relationship means more

That individual and your relationship with them is likely much more valuable than the few bucks that they owe you. Usually they will kick you some extra as well for being understanding.  You gain loyalty and respect and that is worth much more than a few extra dollars.

Killing a profitable relationship that is often times worth more than the money in that deal will stunt you in multiple ways.  Learn to value people for more than just the money that they bring in.  Their wisdom is worth money, their perspective is worth money, their connections and resources are all worth money.  Too many times we reduce people to a dollar figure and we cut ourselves short in the process.  The relationship itself is oftentimes worth more than the money  you can get out of the relationship. (ooooh twitter bar).

Chasing money is weak

Chasing people for money is one of the weakest things that you can do.  You are announcing to the world that you are broke.  Only a broke minded person would chase small money and make a scene over pennies.  A rich minded person sees the bigger picture.  A rich minded person is focused on hundred of thousands and millions not a few hundred bucks.  If someone is willing to cut you off for $100 you just elevated your circle. Avoid penny chasers.

By staying above it all and not reducing yourself to chasing small money you are inclined to make 10X what that person owes you chasing new money than chasing after the past.  By not chasing them not only did your profile increase but you also saved a relationship with a valuable person who might be having a timing issue. OR you rid yourself of working with poor minded, scarcity minded people.

Timing issues for business owners 

For entrepreneurs timing is an issue because clients don’t come in on the first and the fifteenth like your paycheck. Sometimes you have a bunch of clients and sometimes you have no clients.  You never know when that is going to happen, all you know is that you must continue taking action to ensure that more clients find you.  What to some people looks broke to the business owner is just a timing issue. They will be back in a financial position to make payments soon enough there is just no way to tell exactly when this happens.  For a start up this can be stressful.  As you age in business you tend to accumulate reserves so you can consistently pay bills on time.  I know folks want business success and they want it right now but it takes 10 years to be an overnight success.

A lot of us don’t see past our nose and this prevents true long term opportunities that will elevate your life at scale.  Don’t chase old money. Don’t reduce yourself to those that chase small money. 10X your brand, your sales and your income by focusing on the new money in front of  you not the small money in your past.

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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Don’t just ride the dip, buy the dip

When I love stocks I love stocks hard.  I not only fall in love with the chart I fall in love with the products, I read up on the CEO, I memorize their numbers, I watch it like a hawk.  I commit long term to the stocks that I really love.  These stocks include companies like Chipotle, Under Armour, Habit and Tesla.  I love those companies and I know all about them.

Things haven’t always been great for either of those companies though.  They have had some great times where they returned money back to me hand over fist.  They have also had some times when they dropped like a rock because of bad press and haters.

I had a conversation with someone who told me that he was a Facebook fan despite my tweets and posts that it is a trash company.  He told me that he was a fan for life and even though it was going down that he was riding with the company.   My question to him was did you ride the dip or buy the dip?

Riding the dip is great.  But sometimes the companies you love so much will go down and then get rich back to break even or worse never make it back even if they improve from their bottom. At one point in time Under Armour was a $50 stock.  At one point in time Habit was trading for $20.  At one point in time Chipotle was a $700 stock.  They all fell from their highs but I kept with them because I knew they have products that EVERYONE loves despite their temporary struggle.

See when I buy stocks I buy products that people love that just so happen to have a stock that people hate. This is because stocks can be manipulated. Stocks can be manipulated by haters with big money who short (sell) the stock to artificially push the price down.  Stocks can be manipulated by haters who are hired by haters with big money to write negative articles to push the stock down.  Stocks can be manipulated, earnings cannot be manipulated.

Often times when you see a stock pop on earnings it is really just saying “I told you so” to all the haters that spent the last three months saying “Under Armour ain’t sh*t” or “Elon can’t make Tesla profitable”.  People will talk and talk and downplay the brand which downplays the stock but earnings are the results of efforts not words.

When a company like that gets hammered don’t just hold the dip, load up on the dip.  By loading up on the dip you average down your cost basis and can turn a poor trade into a profitable one.

An example would be if you bought Under Armour at 50 and it dropped to 25.  If you buy the same amount of shares at 25 you average your cost basis down to 37.5.  The company can get near break even and you make all your money back because you combine a profitable trade with a losing trade.

Never let a good dip go to waste

In the stock market dips are your friend.  What we all saw recently where the market proceeded to plummet is actually what got me back into the market.  When the news was great I was on the sidelines.  When the market got hit I started looking for buying opportunities.

In stocks you have to recondition your mind to see the opportunities where other people see destruction.  When I see a dip in a stock that I love I get excited.  Yes it would have been great if it just won on top of my existing position but now I have the opportunity to load up at a discount.  The stock market is the only market that people run out of when things go on sale.

If Yeezy’s were half price would you buy more or would  you sell them for half what you bought them? You would buy more.  The same is true with stocks.  You can ride out the Yeezy price dip or you can buy all the Yeezy’s at a discount and then sell them at the top of the market.

Buy the dip, seize the dip, go all in on the dip.

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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