"George and I" (Recap) - The story of a Dog and his Man from operating pool tables in the dangerous South African townships to real estate

Love this quote by Seneca...makes me think about each day

“Begin at once to live, and count each separate day as a separate life.”…

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I thought I'd post a recap, as although many of you may be enjoying the story of George and I, you may wonder what relevance it has to investing in real estate.

It's not often the big things make a big difference long term in our lives and it's certainly true in my experience.

It's the small 1% daily habits that create the life you want to live.

Often, people compared me running barefoot around the dusty, dangerous South African townships, to themselves.

Sitting in their airconditioned offices, with their expense accounts, wearing beautiful, smart clothes, driving fancy cars, and saw a superficial result of my and Sue's life.

They saw a snapshot of what our lives looked like on the surface.

It looked like we were struggling.

What they didn't see was the 8th wonder of the world happening right in our small world.

The wonders of compound interest and real estate appreciation over time.

As I collected R1 coins, one at a time, and put them towards paying off the mortgage in our home, the house appreciated in value as the area profile grew.

While I was doing that, Sue was running our house as a communal living space for professionals, who rented rooms in our beautiful home overlooking the ocean. They had magnificent sea views.

She cooked meals and did the washing, while we lived in a tiny granny flat on the property.

We had a garden view

It wasn't long before we had a mortgage-free property, and the property had increased significantly in value.

When the property was paid off we drew down on the mortgage, taking the surplus funds and invested in commercial real estate, creating additional cash flow and assets.

Now we were real estate investors...

We kept the garden view for a long time.

And behind the scenes, I was running barefoot around the dangerous South African townships, collecting one R1 coin at a time.

So may wonder, how does collecting coins out of pool tables and jukeboxes result in international real estate investments?

Small 1% daily habits, repeated, day in and day out.

If you drove with me on any day you would have asked yourself, "How is this ever going to work?"

And you would have been right.

It doesn't work on one day, but on days repeated over and over.

I am so grateful that my young bride is adventurous AND patient.

It has paid off for us in a life we love.

Memories. Relationships. Experiences.

Time together. Time to live our dream.

And it can work for you too.

So many people ask me what they can do to set up real estate assets and how they can create a passive income.

I'm running a Free 5 day challenge on the 11 January 2021 where you will learn how to use real estate to create a passive income and retire in 10 years.

On day 5 of the challenge, you will walk away with a very clear plan on how to create financial freedom using real estate.

Here's the link to register.

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Make sure you follow the process all the way through so get the notifications

Mitch Rankin

Experienced Investor 3X Successful Exits | Driving Growth and Value Creation | Venture Capital Fund

4 年

Link to the 5 day Real estate challenge https://mitchrankin.com/5daychallengereg/

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