Real Estate Investors Association of Greater Cincinnati

Author: David Richter (2 articles found) - Clear Search

Did You Get Into Real Estate to Work Less, But Find You’re Working More?

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“What in the world? Where is all of my money?! I just had over $100,000 in my bank account yesterday, and now I’m down to $1.50.”

If I had a nickel for every time I heard a real estate investor say something to that effect, I’d have several dollars and could buy (maybe) one scoop of Cold Stone ice cream.

At some point or another, you have probably read “Rich Dad Poor Dad” (This book is pretty much a prerequisite to being a real estate investor, so I highly recommend reading it.) And if you’ve read and really enjoyed it, you have probably played the board game Cashflow 101, also by Rich Dad author Robert Kiyosaki.

In his penultimate book and board game, Kiyosaki talks about the rat race. The whole point of the board game is to get out of the rat race. The rat race he references at a high level is getting up, going to work, trading your time for money, and then doing it all over again the next day—forever and ever and ever.

I’m guessing that you probably got into real estate, too, because at some level, you wanted to get out of the proverbial rat race. So, you started a real
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The One Mistake That Will Cost You Thousands of Dollars and Your Sanity

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We all love control.

I have a six-year-old daughter who constantly pushes the boundaries of her world. Whether it’s brushing her teeth or buckling her car seat, she loves to feel in control.

Isn’t this the case with you, too?

Imagine you're right about to take out the garbage unprompted... and then your spouse tells you to take it out before you even get a chance to. Now you're dropping the trash bag on the floor and telling your spouse to do it because now it is no longer your idea... it’s theirs. 

How about when it comes to your money? Do you want to feel in control of your cash?

Every human has some emotional tie to money. It’s frustrating and stressful when it feels like your money goes in one door only to go right out that same door the next day. How about those gas prices, huh? Or, as a real estate investor, what about those interest rates? Completely out of your control.

Let me ask you this: when you jumped into real estate or entrepreneurship, did you say to yourself, “The money part will just work itself out as long as I keep b
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