I have been having fun in San Francisco the past two days learning about real estate. Robert Kiyosaki outlined the cycle of Real Estate.
1. Financial Disturbance - dot bomb, 9-11, war, etc.
2. Expansion of prices - easy credit, greed, huge buyer demand
3. Euphoria - overestimate future returns, no concern for fudamentals,fools rush in
4. Financial Distress - prices reach peak, nothing is cheap, insiders take profit
5. Market Reversal - prices start to fall
6. Financial Crisis - panic rules the market, tightening monetary policy
7. Lender of last resort comes in
Marshall Sylver had a great Hypnosis show. He explained how to use subconscious reprogramming to achieve greater success in life.
1. Self Mastery
a. what you believe is true nothing else.
b. logic is backed up by emotion.
c. an object in motion stays in motion.
d. no risk no goodies
e. burn the boat - never go back
f. fail foward fast
g. reality is created by validation.
h. luck is when preperation meets opportunity.
2. Tools - Eat less move more
3. Action
a. ability to take action now
b. thoughs who are afraid to buy are afraid to sell
c. moldable talent
d. act as if it is true already
e. money is math
He also gave us a list of the highest paid professions.
1. Public Speaking
2. Real Estate
3. Stock Market
4. Internet
5. Network Marketing
I also watched Donald Trump Speak. I agree with everything he had to say.
1. Love what you do!
2. Never give up
3. Stay focused
4. Be paranoid
5. Momentum - know when you lost your momentum
6. Go against the tide
7. Be careful
8. Luck - the harder you work the luckier you get
9. Get even
10. Make employees respect you not like you
I ran into some old friends at the real estate expo Kate, who had been a waitress at my bothers first restaurant(which was sold), she is now in the shoe shine business with her boyfriend, so I bought a shine to support them and Sean Jacobsen, I have not seen him since he went off to Harvard business school.
I also visited Patrick Evan's salon, We shared thermal reconditioning stories. He owns a nice salon in downtown San Francisco.
I picked up my girlfriend and we drove across the Golden Gate bridge to Sausalito We met the rock balancing guy.
We then drove to the wet yet beautiful Napa Valley. It rained everyday but we still had a great time. We stayed at a bed and breakfast. Had dinner at Mustards, Had lunch and some wine at Auberge du soleil Toured the following wineries Schramsberg vineyard's Robert Mondavi, Dutch Henry. Everyone who served us wine during the tastings would romance the wine look at the wine with their eyes wide open like they were in love. They would salivate and swallow a few times till they could not resist anymore and they would then pour themselves a glass. Then next day We drove to Calistoga, saw the gyser. Then Medicino, nice peaceful place but all the restaurants are closed till dinner. We then drove back to San Franscisco. I will update date this post with pictures and more stories in the near future.
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