A big debate in the investing communication is, "should you invest based on cash flow or appreciation?" I've heard many people argue for both sides of the debate. I was introduced to real estate investing through a cash flow first stream of thought. I can see why people choose to invest based on appreciation, but after listening to how Warren Buffet makes investing decisions, my mind is made up on the topic.
A raw processing session where I was trying to figure what the next step was for me. This isn't a well thought out topic exposition. There are gaps of silence where I'm deep in thought. I repeat myself, feeling out the weight of different statements. I have many paths before me, how do I decide which one to take?
Coming off a December of furious marketing activity and seeing no results for the effort and money, Q1 2019 started off a little rocky. It's forced me to establish a new morning that is healthier and more energizing.
My background says that you give to the poor always, no matter what their motivations are. Stepping into circles of wealth and aiming for ambitious wealth goals myself, what will my responsibility be to the poor? How much am I actually expected to give to beggars? And what do you do when it's clear that the beggar doesn't actually want food or water, but money for their next fix?
For me, in the back of my mind, I'm always examining Jesus' approach. In this case, "If you have two coats, and your neighbour has none, give them one of your coats."
RELAY Coffee Roasters, started by Rachel and Jason Hofing, has been a life giving experience. They taught me how to be a damn good barista and a better person. I talk a lot in all my other episodes about wanting to transition out of my full time job, but the truth is, I wouldn't be where I am today without this job. So here's a tribute to the place and the people who have put up with me for the last 3 years.
Barton Street in Hamilton always had a soft spot in my heart. It can do so well. It just needs the right kind of attention. It needs love for the community that it is. There's huge potential there. This is where real estate and passion collide for me.
Many of us crave security. Many of us would sacrifice flexibility and even a measure of privacy to feel safe. But those who embrace discomfort, instability, and uncertainty build resilience and strength. That's the only real security in life.
This conversation relates back to Risky **** Business and my conversation with Joe Long. I think the power of making yourself vulnerable is really highlighted in this conversation with Chrisy. We worked together at the coffee shop. She has a band, Basement Revolver. Chrisy also paints and draws pretty things. Check out all her stuff on Instagram.
And here are the instagram accounts she mentions in our conversation:
Scott Aasman (CRAZY art. Check him out.)
Meredith Park (I definitely lost track of time reading through her comics.)
For this deal journal I talked to my friend William who just got a rental property under contract. He talks about the process of finding the deal, some of the hitches he's already running into, and he talks about the attitude necessary to keep going.
PS. You'll notice I mentioned editing bloopers out, but the bloopers still show up in the episode. Anchor is a wonderful podcasting tools, but it's challenging when you want to cut out bits of audio. So the bloopers stay.
(EXPLICIT) After ranting a bit about the necessity of risk in our lives (in Episode 7, Risky F***ing Business), here's an interview with a man who is comfortable with more risk in his art and faith than most other people.
Hear Joe on: The Joe Long Show, and Love > Poverty.
The past 3 years have shown us how potent community, family and relationships are. Those are 3 words that are in danger of becoming inflated buzzwords, but when you experience each one through real struggles, their power is immeasurable.
We tell stories to understand ourselves and the world around us. So I tell my story to better understand myself and the things I'm learning. If you particularly enjoy listening to these stories, bonus.
November 23, 2018
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