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With The Right Attitude, Real Estate Can Make You Rich October 31, 2008

Posted by minnesotarealty in Minnesota Homes for Sale.
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There’s got to be a difference between the type of person who strike it rich and the average Joe, but what is it, really? This question is an important one, and it should be given the thought it deserves. There are plenty of easy, oversimplified responses, including, “Their family is rich,” “They won the lottery,” or “They have great careers.” But these factors can’t always be controlled by the individual experiencing them– is wealth really dictated by the luck of the draw?

Unfortunately for these people, however, being lucky isn’t all it takes to become rich. Robert Kiyosaki, author of the best-selling Rich Dad, Poor Dad books claims that being rich has more to do with how much money you hold on to than how much money you have coming in.

Kiyosaki’s father, the so-called “Poor Dad,” is a great example of a well educated man blessed with a great career who was nonetheless poor, because he couldn’t seem to keep any of the money he was earning.

Luckily for you, wealth doesn’t spring from the family into which you were born, or even from the job you work. These red herrings distract from the real determiner or wealth, which is simply one’s attitude towards money and the world.

Whether you ever become rich or not is determined, in large part, by nothing more than how you think.

Kiyosaki’s “Rich Dad” demonstrated the effects that one’s personality and attitude have on the way in which one earns and handles money using a graph called the Cash Flow Quadrant. This graph is split into four quadrants, labeled ‘E,’ ‘S,’ ‘B,’ and ‘I’– “employee,” “self-employed,” “businessmen,” and “investor,” respectively. Not only do these four categories show how a person earns his or her money, claims Kiyosaki, but they shed light on the way in which different individuals view the world.

Are you beginning to see? The people in the four quadrants are not there by chance; they are there because they experience life in fundamentally different ways.

According to Kiyosaki, the people who fit into these four categories are fundamentally different in their thoughts and emotions, and these essential differences drive individuals to behave differently towards their money.

Because of individuals’ innate natures, says Kiyosaki, they are drawn to different corners of the graph. This is because different people have different values, and will treat money differently based on these attitudes. A person who values security above other things will definitely be drawn to the ‘E’ corner of the graph, and the consistency is offers. There’s nothing wrong with that– if security truly is what you desire, a life spent as an employee will be satisfying and fulfilling. It is worth noting, however, that it is highly unlikely that an occupant of the ‘E’ corner will ever become truly rich.

It sounds a little scary at first, but this is actually good news for you. It’s good news because it means that, if you want to get rich, all you have to do is start thinking more like the people who live in the I, or investors, quadrant.

One of the best things you can invest in is real estate. That is what Kiyosaki’s rich dad did, and it made him…well, rich. In order to think like a real estate investor, simply tell your money that you are through working for it. It is time for your money to get to work for you.

Author: Alexandria P. Anderson specializes helping people to find and purchase Eden Prairie MN real estate, as well as homes in Eden Prairie for her realty clients.

Minnesota Townhomes October 7, 2008

Posted by minnesotarealty in MN Realty.
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Now is a wonderful time to look for your next home!  So many places are available at unusually low prices, and townhomes in Minnesota are no exception!  Minnesota townhouses are a great option to think about if you are thinking about purchasing.  What advantages do townhouses have over typical stand-alone houses? For starters, there’s generally less exterior maintenance to worry about since two of your four walls are shared with neighbors and are interior.  If you don’t need much yard space you can find many townhomes that have minimal grass to mow, especially if you have a deck or patio.  Sometimes the lawn-care is even included in your association fees and you don’t have to worry about it at all!  Many great extras are included in townhouse communities, like swimming pools, gyms, playgrounds, tennis & basketball courts, etc., and are for exclusive use by only those living in your association.

Minnesota townhouses can be a financially good decision in addition to all the great amenities.  You can typically buy more square footage for your money when purchasing a townhome…or you can get the same square footage for less money! Use that saved money to improve the home–how about updating the kitchen or turning the basement into a game room?!  Put us to work finding great Minnesota town homes to fit your lifestyle. You might be surprised at what quality and convenience you can get during this buyer’s market– let us show you!!