“Ready, Aim, Fire”
So, you probably grew up learning “Ready, Aim, Fire”. The concept is to get READY for what you are trying to do, set goals and prepare yourself. Then AIM for your goal, find out and strategize on how you plan on taking action. Finally, take action, that is FIRE.
I believed in this concept for most of my life.
The Rich Increase Their Risk Threshold, The Poor Decrease Theirs
Gary’s Words of Wisdom (WOW):
Standing Still Does Not Decrease Risk, it Increases It
One of the concepts I’ve learned recently after listening to a podcast interview of a multi-millionaire was the concept of exercising our risk threshold muscles.
The man shared about how to build muscles, one must exercise a particular body group to the point where the muscle breaks down.
So, what do I do about the things the home inspector misses?
Material Latent Defects – As mentioned earlier, these are defects that cannot be easily identified by the naked eye or by a home inspector. If the seller is aware of any, they MUST disclose them to the buyer.
I helped my clients buy a 5 bedroom, 2 bathroom house in Delta.
Imagine you’ve had your eyes and heart on this girl for the longest time. Finally, you built up the guts to ask her out and she says yes. You’re blown away that she agreed so you take her out for dinner to a fancy restaurant and after enjoying the appetizers, entrée, wine and dessert, you realize you didn’t bring your wallet.
Gary’s Words of Wisdom (WOW): “To catch the big fish, you just need to fish a lot”
Every fisherman who has been fishing for some time is bound to have caught a big fish. The key is just to fish a lot. I don’t know what the chances are of you catching a great fish but the chance of you catching a great fish on your first try is likely going to be low.