"HONEY, CAN’T YOU SEE IT’S A SCAM"
My client's wife was strictly against him trying out another internet fad. She wasn’t evil or anything. She just had trust issues. He listened to his gut and acted in spite of her begging to “stop and think things through.” These are the results he reported a
few months later. Stream webinar replay for free to discover how he did it
STREAM REPLAY FOR FREE
Stas and Francis are good friends. They both earn a decent living in their own rights. Stas thinks Francis is the dumbest millionaire he knows.
Why?
Because Francis rents where he lives.
Stas thinks Francis is making a big mistake for not purchasing a house. Stas calls Francis an idiot, because he is paying someone else’s mortgage instead of paying off his own and building equity.
He’s not alone. There are at least half a dozen other people who make it a point to educate Francis about home ownership at least once a year.
But Francis refuses to listen to them and continues to rent his car and his house.
Does Francis get some sick pleasure from going against the grain or something?
No, not really.
First, many moons ago he learned to never take money advice from people who aren’t as rich as you want to become one day, because if their strategy worked, their balance sheet would reflect that.
Second, he refuses to sign the dotted line because he hates risk. And mortgages are risky… very risky
As a matter of fact Ramit Sethi a world renown New York Time Best seller and multi-millionaire also says that he does not understand the purchase of a house. If you are interested I encourage you to read his book “I will teach you to be
rich”
Just look at what happened in 2008, when people went upside down on their homes.
Any form of debt to is a rope the bank (or whoever’s lending you the money) puts around your neck.
Francis has watched his father put his family in debt just to eat. By the time he turned 16, they were already $78,000 in credit card debt.
One day, Francis found some paperwork on the kitchen table that said his dad “rolled over” the debt into a high-interest loan. It was the only way he could keep the bank from seizing the only “asset” they had left - a used Daewoo Nubira 1999.
He eventually paid off this debt cash using the strategy I am sharing in this webinar.
In fact, it didn't stop there.
Francis continued to save up as he was building this new business and several years ago purchased a 150,000 condo for his parents, so they don’t have to pay rent for the rest of their lives.
Although debt could be leveraged to create equity and income, taking on such huge risks doesn’t make sense (even though conventional wisdom says otherwise).
For Francis, debt is a liability. It weighs heavy on the mind. You would literally lose sleep at night thinking of the money owed, the interest owed and all sorts of “what if” scenarios.
There is only one scenario where I’m willing to go into debt.
When starting a new business.
The difference between starting a new business (especially an online business, without staff, a lease, equipment, or other expensive startup costs) is:
1) It’s relatively low cost, so I can put it on my card or line of credit or even borrow from friends and family and...
2) I can cut my losses and move on fast, without having to deal with “tail” for the next 5-10 years or file bankruptcy
This is what I know now.
But I was even more conservative on the onset of my internet marketing journey, where I had to find a way to make money without spending a lot, because I was broke and scared.
After flirting with affiliate marketing for nearly 3 years, I stumbled into a totally different approach that sent my profits soaring fast.
Sincerely,