If you think making money is hard, try managing it!!
A lot of my coaching clients, and people in general I meet, have a false pretense that once you've made some money in life, then things get easier. They seem to think once they get some houses and some passive cashflow going, they can then sit back and head to the beach while the money just comes flowing in. Unfortunately, I'm living proof that Nothing could be further from the truth.
Today, I'm doing some very boring money management stuff with my Self Directed Roth IRA and my wife's account. Further I'm processing some capital with my kid's coverdell accounts as well with Equity Trust Company. It's a mental challenge climbing the mountain and making money each and everyday. But then we must focus on staying on the mountain and manage what we have so we don't go back to being broke as well. In this video I break down a few things I'm doing today to manage my families little bit of capital we've been blessed to accumulate our short time on the planet. It's infinitely harder managing money than it is to simply earn it. Let me know if you need any assistance in your real estate business!
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