As of December 2018, almost 87% of families in the US are in debt, with an average debt of $135,768! The average credit card interest rate in the US is over 17%. I don’t want to bore you with a math lesson, but the bottom line is a hole that many people will never dig themselves out of.
You’ve probably heard the saying time is money. Well, the inverse is just as true: money is time. Estimates state that the average person spends 35% of their adult life at work. That doesn’t include commute, time spent working from home, time spent at a second job or side hustle, time spent worrying about finances, etc.
In business, every decision is based on ROI – Return On Investment. If I put $1 in, how much do I get out? Well, when you put 1 hour into your work, how much do you get out? Do you get at least 1 hour out the other side? Are you getting at least 100% return on your investment?
I asked myself many years ago, how can I skip the learning curve? All of the mistakes and confusion and difficulty that anyone faces when starting a new business. There has to be a way to get past all of that as painlessly (and as inexpensively as possible).
The self-made billionaire Warren Buffett says, “You only learn from mistakes.” But they don’t have to be your mistakes. It’s a hell of a lot easier to learn from the mistakes of others.
When I was 7 years old, my dad (who was a contractor and built houses from the ground up) took me to a job site to experience a day of hard work. Now, I definitely inherited a strong work ethic from my dad, but all that day taught me was that I never wanted to work like that.
Now, as a father myself, I ask my kids what they want to do when they grow up. My oldest son, Mando, told me when he was 7 that he wanted to be a football player. What do you think I told him when he said that? “Invest in real estate, then you can do whatever you want.”
I want my kids to know a key fact that most people never learn: real estate is the number 1 wealth creator in the world.
What do people like Shaquille O’Neal, Ellen DeGeneres, Arnold Schwarzenegger, Vanilla Ice, Brad Pitt and Angelina Jolie, and Donald Trump have in common? They all built massive wealth in real estate and use that wealth to fuel their passions.
Do you know the only way to be sure you can have, do, and be what you want in life? Be wealthy! People may say, “money can’t buy happiness,” or “money is the root of all evil.” Let me share an observation with you: the people saying those tired old sayings either don’t have any money or profit from you not having any!
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Earnings, income, and success representations made by ARMANDO MONTELONGO SEMINARS ®, its officers, employees, agents, affiliates, or representatives are aspirational statements only providing examples of your earnings potential. The success of Armando Montelongo, Jr., testimonials, and other examples used are exceptional non-typical results and are no way a guarantee that You or others will achieve the same or like same results. ARMANDO MONTELONGO SEMINARS ®, is a real estate investing training and education company. While the Company believes that with the right training and through diligence and hard work, a hungry individual can build real wealth through investing in real estate, but investing in real estate is inherently risky and can leave You the potential investor open to lose some or all of your money. No investment deal is the same – individual results will always vary and may be impacted by Your own individual capacity, work ethic, business skills, experience, level of motivation, diligence, and drive in applying the training you receive through ARMANDO MONTELONGO SEMINARS ®, as well as unforeseen and unknown factors such as the economy, the actions of other investors, government action – including imposing legal and regulatory changes, normal and unforeseen risks of doing business, and other factors.
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