New Year Reservations and Generational Wealth

New Year Reservations

January’s newsletter update: How to Create Generational Wealth!

Posted by Voltaire Lepe on Saturday, December 30, 2017

 

“It’s December 31st and we in Miami just meditating, you got your resolutions, we just got reservations.” This Drake line, in my mind was very clever but it didn’t resonate with me until years later.

I was like most people always quick to make New Year’s resolutions during the last days of December and like most people, I’d give up on them by mid January– or worse, forget what I had pledged to do that upcoming year! Looking back over the past few years it dawned on me that I haven’t committed to a New Year’s resolution as I used to try to do in years past. As I searched my mind to make sense as to why not, I quickly found the answer. (DON’T STOP reading, I promise I’ll help assuage the guilt you may carry from previous failed attempts at improving your life!)

Years ago I found my why. You may be asking yourself “what does he mean by that?”, my answer to that is summed up in the word purpose, but not in a specific manner but rather in a general sense. Years ago when I figured out my purpose in this crazy journey we call life, it allowed me to stifle all the noise that I used to have in my life and really have clarity that I’ve never experienced before. With this new found clarity it was no longer necessary to come up with yearly goals because I knew what my life‘s purpose was. Looking back, I’m assuming Drake knew his purpose when he wrote the above mentioned lyrics, therefore there was no reason to write a New Years resolution.

How do you find your why? That’s an animal in and of itself and maybe we can touch on it in a future letter, but I’ll share with you what it’s allowed me to do and how you can do the same, if your purpose is similar to mine. My purpose, plain and simple, is to help others. Whether that means helping just one person or a thousand people it doesn’t matter.

If I could, I’d prefer to help many people. I look around and most of the people that have or are touching the lives of others in a positive way are wealthy and many are setting up their bloodline to have generational wealth for generations to come. Many policymakers have inherited wealth that has trickled down generation after generation.

Lucky for me, I’m in a unique position that has allowed me the experience and exposure of witnessing how other people have created wealth–lots of it! This is the reason why I rhapsodize about real estate so often 🙂 How much is a lot? A couple of people I know have accumulated over $100 million in wealth through real estate! Sound amazing? Probably, because it is! One of these wealthy people in particular taught me a good lesson. At first I thought to myself “so what if this guy is Rich, what’s the big deal?!” But then I took a closer look and saw how he was helping others with his wealth.

This particular person has thousands of tenants. How is he fulfilling his WHY? Well he’s helping the world like this:

  1. He’s providing affordable apartments to those who need it
  2. He’s providing people with jobs they need, landscapers, property managers, handyman, contractors, book keepers, accountants, realtors, escrow officers, lenders, and the list goes on and on
  3. With his clout he can now impact policies that affect other people

These are just a few examples on how he helps others. Now his children, grandchildren, great-great grandchildren don’t have to worry about money therefore they can focus on other things like educating themselves and helping others (if it is in their heart to do so.)

I think most people want to make moves and invest in real estate but something always holds them back: too expensive, payment too high, down payment too steep, I have a car payment, I have other priorities, a.k.a. noise!

For me personally, I figured out my why several years ago so there is zero noise. My focus and the focus of agents at my office is to create generational wealth for others and ourselves. Knowing my WHY gets me out of bed early in the morning and energizes me on those dreaded Mondays! Knowing your WHY will energize and inspire you too!

So again 2018 is here, are you still making New Year’s resolutions or will you make reservations for you and your loved ones?