Why Multifamily Real Estate Remains the Ultimate Cash Flow Business* *Even as Sun Belt rent growth pauses amid supply digestion Methods of Prosperity newsletter no.107: Sean Allen Fenn (personal anecdote) “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” — Robert Kiyosaki Most creative people don’t make creating generational wealth a priority. They make their life harder by not focusing on money. They get into the wrong business. But after careful consideration, I found what works for me. And yes, anyone can do it. Revised with updated info on 3 market forces affecting Multifamily real estate: Economic, Social, and Technological.
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Methods of Prosperity newsletter no. 106: Mark Leonard The Wizard Behind the Constellation Decentralization is empowerment. “We are the anti-economies of scale company. We believe in small teams outperforming large teams, and so given the choice of taking a 200-person business and buffing it up into two smaller ones, we would much prefer to do that and believe that the benefits are there as opposed to ramming businesses together, firing a bunch of people and moving a bunch of work offshore.” – Mark Leonard
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Why Failure is More Useful than Success Methods of Prosperity newsletter no. 105: James Dyson (conclusion) Key Lessons: • Advertise the negative (bagless vacuum cleaner). • Marry someone willing to go into debt with you. • Do your own manufacturing. • Have good margins. • Be unreasonable. • Be disagreeable. • Fail often.
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