Private Money Lending is a comprehensive book that details the different ways someone could make money from their investment in private money lending. What were some key ideas you wanted to pursue in this book?
Every investor should know that learning to generate a consistent, substantial, and predictable passive income stream sufficient to cover your total monthly expenses is the ultimate goal for anyone who wants to retire early. In fact, creating a safe and consistent passive income stream is considered the ” Holy Grail” of personal finance.
My objective in writing this book was to present to potential readers the existence of a little-known but crucial area of investing. This area of investing is private mortgage investing. What makes this investment vehicle safe is the fact that the investment is guaranteed by a tangible asset, brick, and mortar, such as a house or a commercial building.
Under a worth case scenario, a real estate tangible asset will always retain a certain amount of value, which it’s something that can’t be said for stock market correlated investments that can simply evaporate overnight based on bad news. Therefore, the important aspect of investing in private mortgages is that it is a non-correlated market investment that works under all market condition.
Private Money Lending is the only book on this topic that is based on a university-level qualitative research study. The study demonstrated the power that private mortgage investing has in generating a safe, substantial, and consistent passive cash flow under any market condition. This investment can generate a 9%-12% return on investment (ROI) safely in addition to providing all the legal protections a first mortgage provides banks.
Typically, investors learn about this investment vehicle by happenstance; that is, by knowing someone who is a private lender and understands all the nuances of this type of investment and who is willing to teach someone else the concept. Private mortgage investing is an especially useful investment vehicle in low-interest rate environments, such as the current market we have been experiencing for the past 12 years, where you can only receive 2%-2.5% for a 1-2 years CD and 3% for a 5-10 years CD. These low-interest rate environments are always devastating for the retired or soon to be retired individuals living on a fixed income. There needs to be a safe alternative, and private mortgage investing meets this requisite.
I believe that with the use of the book Private Money Lending: Learn How to Consistently Generate a Passive Income Stream as a guide any potential investor will no longer have to learn about this investment vehicle by happenstance.
What is your experience in this field and how has that helped you write this book?
I learned about private mortgage investing by happenstance like most people back in 1992. Thus, since 1992 (27 years) I’ve been safely investing in private mortgages, specifically in commercial and residential non-owner-occupied properties. As a result of learning about this investment vehicle, I no longer invest in the stock market because I can safely and consistently generate double-digit returns with a higher degree of safety.
There are many different investment opportunities out there, why did you want to write about private money lending?
I wanted to write about private money lending with an emphasis on private mortgages because I believe this is an investment vehicle that can generate the necessary cash flow to sustain a comfortable retirement with much less volatility and risk than with stock market correlated investments.
Yes, there are many different investment opportunities in the market, however, the majority carry too much risk. At least for my taste. The approach I use in this book was to first describe the advantages and disadvantages of the majority of available market investments before making the case of why I consider private mortgage lending a superior investment vehicle.
If you are an investor searching for a safer way to invest you should ask yourself three questions:
- Would you like to generate a passive and meaningful income stream in all market conditions?
- Would you like to generate this income stream consistently?
- Would you like an alternative with less risk than investments subjected to the volatility of the stock market?
If your answer to at least one of the three questions is “yes,” then reading this book will not be a waste of time or financial resources for you. In fact, learning about this investment strategy will change your financial life for the better.
What are some common mistakes investors make when they first start?
For investors entering this industry, the most common mistake is not possessing the necessary education to be safe.
It is important to learn how to perform the necessary due diligence regarding the loans that you will be considering.
It is also important to physically inspect the quality and location of the properties under-consideration to ensure a safe loan. Investors should never make any loan simply because of the high returns they can garner.
- This book is an important and timely research study that explores a little-known area of investing, which is that of private mortgage lending. The reason for undertaking the study was twofold; reason one is because, for the past 15 years, retirement portfolios had been devastated by stock market fluctuations, resulting from a greater prevalence of boom and bust economic cycles. It is quite possible that currently, another bust cycle might be unfolding, in spite of the Trump apparent bull market.
- The second reason is that of the adopted Federal Reserve policy of creating an artificially low-interest rate environment in an attempt to sustain the continued growth of the stock market and support of the current real estate recovery efforts.
- These two economic conditions primarily affect income investors because of the low yields being offered by the customary available fixed-income investments, such as bonds, CD’s, savings, and money market accounts (MMA). The combination of a reduced interest rate environment and increase stock market volatility has dramatically impacted the livelihood of the fixed income investor. Moreover, it has forced these investors to take greater levels of investment risk by incentivizing them to seek higher yields by investing in the stock market; in essence, the place that has created most of their financial problems.
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The Literary Titan Book Awards are awarded to books that have astounded and amazed us with unique writing styles, vivid worlds, complex characters, and original ideas. These books deserve extraordinary praise and we are proud to acknowledge the hard work, dedication, and imagination of these talented authors.
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Private Money Lending: Learn How to Consistently Generate a Passive Income Stream by Gustavo J Gomez, Ph.D. and published by Halo Publishing International is a wonderfully comprehensive book that does well to cover all the various of areas of private money lending that one would need to know to successfully generate a passive income from their investments.
The author of this impressive work, Gustavo J Gomez, Ph.D., has gained notoriety in several fields including medical and business and has successfully brought all his years of experience to the table with Private Money Lending: Learn How to Consistently Generate a Passive Income Stream.
It becomes immediately clear as soon as you open the book that this is not a book meant to be casually read. Although the language used in its writing is accessible, the depth of knowledge within the chapters is nothing short of vast. It is also immediately clear that Gomez wants his reader to understand the entire picture, and not just one small corner of the world of investments. In fact, he gives enough information about the market to help almost anyone see how his unique investment strategy can be applied to almost any scenario.
Gomez begins with a wealth of information relating to investments of all kinds, both liquid and illiquid. He then goes on to both define and describe methods of investing in private mortgages before giving information about legalities surrounding the topic. Any reader of this book, no matter how much previous knowledge they have about the mortgage industry, will gain a comprehensive understanding of all that is involved with private money lending as it applies to the mortgage industry. Among the myriad lessons on the topic, the reader will also learn best practices for maintaining investments in a safe, secure, and legal way once they are set up.
Private Money Lending has won a laundry list of impressive awards due to its excellence, and it is easy to see why. For anyone looking into securing stable, passive income options that work, Private Money Lending: Learn How to Consistently Generate a Passive Income Stream by Gustavo J Gomez, Ph.D. is a must read.
Pages: 375 | ASIN: B00Z8U3FWM
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Life gets in the way–this is something we have all experienced. The people with whom we choose to surround ourselves, the chances we opt to take, and the goals we set for ourselves set the tone for our success and, in many cases, our failures. One of the most effective methods for being successful is recognizing that you don’t have to go it alone. From learning with others to staving off those who ooze negativity, realizing that we are not expected to find our niche alone is the key to reaching goals of all types–not just goals related to business and career.
Leo Bottary, author of What Anyone Can Do: How Surrounding Yourself with the Right People Will Drive Change, Opportunity, and Personal Growth, sets forth some tidbits of advice regarding reaching goals and the realizations he has made along his journey. Interwoven with his own brief, high-interest anecdotes are words of wisdom from those he admires and from whom he has gleaned the most effective advice.
One of the most striking aspects of Bottary’s work is the stress he places on finding individuals who provide the appropriate amount of support but, at the same time, push us to reach our potential. Bottary effectively points out that the time in which we are currently living is an integral part of our ability to reach our potential. We essentially have everything we need at our fingertips, and our access to experts and the opinions and advice from others with similar interests and goals is ever-increasing. Bottary brings to light many points I had not considered as I am considering a career change myself and face my own negativity heading forward.
As an elementary teacher, I am stunned at the revelation Bottary makes regarding the time in which people tend to lose that feeling of invincibility. He points out that we are born believing we have no limits, but life tends to change that rather quickly. Specifically, he shares that by the age my own students are in third grade, they begin to second guess the fact that they can be anything they want and have what they desire. That was an eye-opening passage worth a second and third read to this teacher and mother.
Page after page, Bottary hits on one relevant topic after another related to the plans we make during our lives. I especially appreciated Bottary’s words on the changes we make related to career and business. My teenagers are about to graduate and set out on their own. Bottary emphasizes that the feelings my son is having about making a career choice and the pressure he feels to be sure about it now are validated by Bottary. I am more confident, after reading, in talking to him about the way in which we tend to change our minds about school and career paths.
What begins with the feel of a business-oriented self-help book turns quickly into an excellent source of inspiration for all readers.
Pages: 186 | ASIN: B07GRD9YPT
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George’s Pursuit Across the Perilous Ocean is a fantastic metaphor for entrepreneurs to grow their business. Why was this an important book for you to write?
I wanted to create a very easy to read book to help entrepreneurs.
The title of the book came from an idea I had of creating something that made people think ‘oh that looks interesting, I wonder what it’s about’. It’s short enough to be an enjoyable read with a lighthearted approach to a serious subject. It’s a thought-provoking sun-bed read!’
What is your experience with entrepreneurship and how did that help you write this book?
As a business owner myself I have extensive experience in buying, building and selling my own businesses, which means I understands the real challenges business owners face day-in, day-out.
I feel I understand the pressures felt by business owners from my own personal experiences of complex periods of change within my own organisations. As a coach I’ve seen lots of businesses struggle and not reach their full potential – I wanted to write a book that made it easy to see how changes could be made.
My main passion lies with family business owners, having been working with them for many years to resolve conflict, manage family employees and succession planning.
What do you think is one common misconception people have about starting a business and how can they overcome it?
The decision to start a business is often taken quite lightly and quickly – perhaps from a point of ‘I can do this just as well’ and often finds the business owner doing the same sort of thing as they did when they were an employee for someone else. However, that’s only the start of it. There is much more to being a successful business owner and at times we all need a prod to do ‘more’. That is what the book is designed to be – a gentle prod.
What is the next book that you are working on and when will it be available?
The next book in the pipeline will look at family businesses, specifically what it’s like to be a family member joining the family business. Is it a ‘poison chalice’ or an outstanding opportunity?
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Be Unstoppable uses your experience and wisdom to help others achieve success through adversity. Why was this an important book for you to write?
Have been encouraged by so many people and my story was featured in business and leadership magazine as well circumstances that I was placed you read in my book cornered me on writing of this book.
You have been the founder and CEO of numerous companies. How has your experience helped you write this book?
Growing up on street from age 8 and looking over my shoulder to navigate about life in general has helped me a lot on the writing of the book. Indeed, the many ventures that I explored has helped me greatly to provide wisdom’s that business people needs as the book written from real life experience than business books that we find in shelves written by famous succession business people that used lift instead of stairs that doesn’t relate to most readers.
In this book you touch on many themes including sacrifice, hope and courage. What were some themes that were important for you to focus on in this book?
The many themes are very important ingredients that one needs to overcome challenge and be unstoppable but delegation is a key as it gives you the time to explore other options unless you will be stuck in one issues/business that might consume your entire time/life.
Be Unstoppable examines failure as well as success and how to keep going through both. What was one failure in your life that you learned a lot from?
I failed many times but learnt hard way that I’m the one and only myself will pull off from failure.
We don’t usually know what we are born to do. We certainly also don’t know what kinds of obstacles we will face, or what forms they will take. When we understand how the world has been connected through history—through the movement of people, goods, languages, music, movies, and many other things—we see our world more clearly as a shared planet and a home for everyone.
There is very little in life more important than acting quickly and with great decisiveness. Many people all over the world have dreams—big dreams or small dreams. To get there, we have to take risks. People who have studied business or been in the business world, like me, know that in business, one often discusses risk versus reward.
Be Unstoppable is a golden nugget of wisdom, through the stories into which my life’s energy has flowed and emerged greater each time, that will bring you gold, in real money and in what is important in your life.
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Follow George after he makes the decision to become his own boss running a small boat. Follow him through the tumultuous journey that leads him to eventually hand over reigns of a successful fleet of liners. We get to see the change in his mindset from worker to supervisor and finally, owner. It took strength, wisdom, knowledge and lots of other things. This is the story of a small business growing into a conglomerate, from a toddler to a fully legal human being.
According to research, only about half of the business started will still stand strong in five years time. This is quite sad for a world where entrepreneurship is highly encouraged. This book is meant to decrease this percentage. One will learn to grow their business from a period of feast and famine to a period where the business comfortably stands on its own, where the welfare and life of the business are not threatened by regular/normal business occurrences. Like a windfall of clients for example.
According to Ray Moore, one should not wait until the growth occurs. They should anticipate it. To successfully go through these growth moments, one requires a vision. They must also keep the business in balance. That is time, team, delivery and money. They must all be applied in appropriate proportions. One must set out the stall for growth. Managing the mindset is the final condition.
This is a short book, that means that the information is presented in a compact package. The whole book is presented as a metaphor. This makes the book highly appealing. It is useful even for those who do not like or have the time to read. It is sober advice from an experienced person. It is advice that actually makes a lot of sense. The steps and tips are easy to follow and understand. One thing that readers will definitely appreciate is that the author does not use complicated business words. He shows the reader how to manage a business without confusing them with difficult economic jargon.
The author outlines the common mistakes entrepreneurs make. He shows what happens to the business after the mistakes are made. He then turns around and outlines the proper way to handle such turning points so that fatal mistakes are not made.
This is a fantastic business guide that provides an easy to understand road-map for getting from a small flailing venture to a successful business. Regardless of the goal, it can be achieved by following these simple directions. Five stars out of five for this crash course in entrepreneurship.
Pages: 52 | ISBN: 1721213287
Posted in Book Reviews
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