Real estate is a big part of my life and something I am very passionate about. I was able to gather some traction and bring a group of 10 to a home for a real estate investing workshop. The people were hungry to learn participated well in the activities.
I discussed the idea that we should be doing real estate investing, not for ourselves, but for others. I say this because though it can make you money and passive income if done well, it is something that serves others and a way to leave your kids an inheritance. Allow me to give you an example.
When I purchase a rental house, I am not simply making money off of my renter. I am providing a home for someone to live in. I am creating equity in a home that I can pass on to my son and future children one day. Right now I am the one making the money, but I must deny myself all the goodies of the world in order to continue to invest in property so that I can help people have homes to stay in and give my kids the ability to take care of their families.
At the end I touched on the same idea for investing in business startups. By investing, you are gaining equity in a company that will carry on to your children. You are also helping provide a service to someone who might need that item. More and most importantly, you are creating jobs for people so that they can feed their families. In the words of Michael Scott “I provide them jobs so they have health insurance. I am basically their doctor”. That is incorrect Mr. Scott but I think you get my point.
Investing is not all about making tons of money and getting rich. It is about taking care of others and leaving something for your kids. I think the people at my workshop understood that and hopefully I was able to change their perspective. Doing things for yourself is to no avail, but serving others in what you do is the true key to success.
I feel as though the talk went well and I hope to be able to do many more. It as my first time giving a talk on this topic so I am sure I messed up some but I feel as though I conveyed my message well with a little bit of humor here and there.