I don't harp on the money side of my business much, as I really approach this from three perspectives.
1) Owning my own company and the freedom that comes with it
2) Helping people
3) The financial benefits
I talk mostly about the #1 importance, which is owning your own company, but I thought I'd take a minute to discuss the financial side, since that seems to interest people so much. I remember the first house I did years ago. I had no clue what I was doing, and was mostly going by on-the-job-training. Once I had the first house, I put up my sign, put it up on my website (which I had made myself at the time), and hoped for the best. I had no clue what to look for on the application, but figured that if someone had the money, they were good to go. It took about three weeks or so to turn that first house, and I remember getting that check for $3,000. Now, at the time, I was still working some part time for a company, and although I made as much part time as the people who worked full time, I remember my paychecks were about $1k, give or take.
So here I was holding a check for $3,000!!! Holy cow! That was like 3 paychecks for me, right there in my hands! I actually felt guilty. I know it's weird, but I felt kind of guilty, because... I don't know... I guess you know what you know, and I knew that it should have taken me 6 weeks of work at a place I hated to make $3k. I got over the guilt by the second deal because I was putting in more work on my business and actually trying to structure my company. I think the second deal the people paid in cash. It was about $3,500 in 100 dollar bills. Of course, you should NEVER take cash, but I was still naive and didn't know better. Now, I had NEVER seen this much cash in my life! $3,500 right there on my kitchen counter! WOW! Instead of guilt I felt like I was a big daddy! I probably stacked it in different ways, seeing how I could make 35 bills look like more.
Well, fast forward and now I get a number of cashiers checks each month that are more than I used to make in several months, and I don't really think about it when I'm holding a cashiers check like the one I've included below for over $11,000. It's just business. I guess you tend to get used to it, which I think is a good thing. I think it makes you focus on #1, which is why I started Leasing to Buy.
Since next week is our Atlanta class, I may try to post some quick blogs about the class, and when I get back I'll get things back on track with the podcasts for everyone. I love doing the podcasts since you can download them and listen to them from your iPod or in your car. We still have one more spot for next week, but you would have to sign up by Monday and then you'll receive your manuals at the class. For those of you coming, Michael and I look forward to seeing you all there!
Don't forget to listen to our podcasts! You can download them for free on iTunes.