Subprime Thinking.
Not thinking Upside Down is…
Being willing to think Right Side Up. Its actually a lot less painful - and there’s a lot less misery.
Informed decision making allows for sound decisions - not desperate ones. Even if the decision isn’t easy - there is a goal in sight and hope ahead.
And here’s the one kicker…
There are millions of Americans who are doomed to make the same TYPES of mistakes they’ve made with real estate in other major life decisions.
That will keep them trapped, strapped and just surviving for a lifetime.
That’s in their job choices and money management. Even personal relationships that fail are often a result of the same types of mistakes people made in recent years with their real estate.
Short and simple - we are programmed to think and respond certain ways - that gets things sold.
Don’t misunderstand me and think I am leading you to think cynically…
We are not victims. Period.
No one MAKES us “buy” what we are sold. That’s our choice.
And - now that everyone is down on real estate - stop and think - is homeownership bad?
Some might actually think so right now. I understand.
Of course it isn’t - though. In fact - in general - it is good.
Done wrong - it has been a disaster for millions recently. But it isn’t real estate that is wrong - it is how we are programmed to think and make decisions that led millions to stampede along like a herd of buffalo.
No one thought too much about the cliff ahead. No one could stop the herd.
This site is called Free From Real Estate - but there is nothing wrong with real estate. Done right - real estate is how 80% of people who get wealthy MAKE their money. That’s powerful.
Most people don’t ever get wealthy - though. The difference is in HOW its done. Millions of Americans have just “lost” on real estate. Trust me - some are going to make unthinkable money from all this mess in the next, few short years.
I am the one person willing to teach people how they think Upside Down without even knowing. I have no real estate to sell you. Some may leave what I teach and make money in real estate - maybe a little - maybe a lot.
My aim is not to get you to buy real estate - I am not selling that.
My only goal is to help people to think Right Side Up. That way - if they ever make another decision about real estate - they can move it closer to optimal next time. Now or never - it doesn’t matter.
Knowing how to think Right Side Up is half the battle.
One example…
Right now - a lot of people are thinking of how to make more money in a bad economy. For some -decisions have already been made. Day one - that many decisions are made - they are doomed to fail. False hopes are too often placed on incomplete measures. Disappointment - discouragement follows.
Sometimes people even KNOW the second job they take - nights or weekends - or sending the spouse back to work and the kids into daycare - just won’t cut it. They’ve got to do something and they don’t know what to do - so they go ahead anyway - only to still come up short later.
I will say it simple. I hate that scenario.
That’s partly because I love Freedom and there is no Free in working harder - just to stay trapped longer.
But there’s also this that gets me - the unrewarded sacrifice that is involved. The loss of freedom to take the scarce - low paying - part time - second job is too high. When people know it still won’t add up to cover the adjustment in the mortage, the kid’s activities and dentist, skyrocketing groceries, Christmas that comes every year - it doesn’t make sense to work that hard and still fail.
I understand people feel obligated to do something. I get that.
I just makes me sick because it is ACTING desperate - which is always a bad idea - even when it seems that the situation is desperate.
To me, that is Subprime thinking. People go with it - it just doesn’t make sense in the long run.
We have also felt the extra pain of terrible gas prices. Even a $15 dollar an hour job is suddenly less than $10 an hour if you have to buy $4 gas to drive more than a few miles to grind out four extra hours after the first job finishes.
Just like Subprime mortgages - no one is stopping to calculate the costs.
And the cost is Freedom - now and missing out on Freedom for the Future.
I already said - I hate that - I can’t think of anything worse.
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