PLP-117 New Year Obligations and House Keeping for Private Lenders
If you’re looking for practical tips and advice on Private Lending and how to keep your money safe as a Private Lender, then you are in the right place. But if you want to learn from my mistakes so you can avoid them, well then pull up a chair and pour yourself a drink my friend, because this podcast is just for you! 2020 is now over, and we Private Lenders have some of our own housekeeping to perform.
PLP-116
The First Law of Wealth (Gold)
Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.
Wealth comes to those who reserve AT LEAST 10% of their total earnings towards building their future financial independence/fortune.
Pothead Explanation: Start providing yourself and your family with security by paying yourself first, at least 10% of your earnings to be invested in your future.
Out of everything you earn, everything (salary, side hustle, inheritance, online bookie.com, lotto winnings, etc., take no less than 10% every payday/week/month/etc., and put it away, save it to begin and then to continue growing your estate for the future. If you make 1,000 dollars, think I only made 900!!! You find 10 bucks on the street, put 1 away for a rainy day (old age).
Why? Because the best time to plant a tree was 20 years ago. The second-best time is right now!!! So start digging and planting baby!
PLP-114 Lessons from the Richest Man in Babylon
Today marks the first in a series of episodes that are based upon the lessons found in the book The Richest Man in Babylon written by George Samuel Clason. If you haven’t read this book, then I highly recommend you get a copy and read it immediately. Purchase or go to your local library and check it out today!
PLP-113 The 6 Pillars of Private Lending
Pillar No. 1: My Money My Terms
Pillar No. 2: Never Trust, Always Verify
Pillar No. 3: ROIs
Pillar No. 4: WIN-WIN-WIN ONLY: Always Full Disclosure
Pillar No. 5: Never lend to friends or family members in need. Rather give them what you are able to give without the expectation of being paid back
Pillar No. 6: Honor the contract, but DO NOT hesitate to begin foreclosure. It can be easily stopped in case the borrower makes good
PLP 111 – Core Values for Private Lending
