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swordfishportuguese · 9 months
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Swordfish Portuguese
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Website: https://www.swordfishportuguese.com
Address : Porto, Portugal
Swordfish Portuguese specializes in real estate investments, focusing on buying and reselling properties. Established in September 2020, the company is known for its professionalism, trustworthiness, and honesty. Operating primarily in Porto, Portugal, they offer unique opportunities in a country celebrated for its beautiful landscapes, rich gastronomy, and friendly people. Their services include energy certification and a commitment to high ethical standards and quality in their investment and management processes.
Twitter: https://twitter.com/Radio_Swordfish
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ourtriptoportugal · 1 year
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Lisbon - Day 8 - Walking Around
Friday 10/6
We are leaving Lisbon for Porto tomorrow and starting to prepare for our train trip. I came back to our apartment after emptying the garbage and our electronic front door wouldn’t unlock. Luckily MaryEllen was still inside. It is a keyless entry and for some reason the green light turned on after entering the correct code, but the door latch didn’t respond by unlocking. After about 1/2 hour of communication back and forth with our host and playing around with the lock, it started working again. The rest of the day we were concerned that the lock may malfunction again. Luckily the host provided us with a way to get a key to manually unlock the door if it failed again. So much for IOT (Internet of Things)!
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We need to buy our train tickets still for Porto. We attempted to do it online but the web site kept switching between English and Portuguese, making it very difficult to understand how to use the site. Since there was a train station two blocks from our apartment, we decided just to walk over and get our tickets there.
Today we walked up the tree-lined Avenida de Libberdade to the Parque Edwardo VII. Avenida Libberdade is where a number of upscale retail stores are located (eg, Rolex, Louis Vuitton, Guess, Boss), plus one of the areas where American expats tend to live.
Real estate is not cheap in Lisbon. This 4 bedroom 4 bath apartment with parking for 3 cars is for sale for $2.6 million.
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We stopped and had a picnic lunch under the trees at the edge of the park. After lunch we walked though the park. Supposedly there were two Pickleball courts there, but we couldn’t find them. We found the tennis courts, but no Pickleball. I guess we not moving to Portugal :-).
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At the opposite end of the park was El Corte Ingles, a large seven story upscale department store. We went inside and found a luxurious selection of high-end designer merchandise, even surpassing that of Bloomingdale's in the US. It provided our first glimpse into the lifestyles of Lisbon's more affluent residents.
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We then decided to continue walking in a new neighborhood so we could check out a restaurant that sounded good. We got lost a number of times even with the aid of Google maps. Below is some street art we saw along the way.
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During our walk we saw some roosters struting around at a park we passed. In Portugal, the rooster symbolizes honesty and good fortune, stemming from the tale of the “Galo de Barcelos” (Rooster of Barcelos). This 17th-century legend tells of a man falsely accused of theft. He boldly proclaimed that a roasted rooster at the dinner table would crow at his execution to prove his innocence. Miraculously, the roaster rooster stood up on the serving plate and crowed, and as a result the man's life was spared. 
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Tuk tuks provide unique way to explore the Lisbon, especially with its narrow, hilly streets which are challenging for larger vehicles. Tuk tuks can be hired by tourists for guided tours around Lisbon.
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Back at our apartment, we took one last view of of the Monumento aos Restauradores and the surround area just before sunset from our living room window.
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For dinner we had chicken Peri Peri at Bonjardim Restaurante.
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amirseo · 3 years
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Property for Sale by the SEA
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Luxury Homes
Europe’s fastest-growing luxury real estate partner. 
Fine Luxury (FLY) Property strives to provide the most beautiful selection of Luxury Homes and Property for sale in the most popular locations Properties by the sea throughout Europe and the world.
Our clientele ranges from Celebrities and VIPs to retirees and successful businesses looking for private and exclusive properties.
Buying a luxury home is one of the most rewarding things you can do, but it can also be stressful – especially when buying overseas. Whether you’re looking for a Luxurious villa in Cascais Portugal. A sensational river view apartment in Portugal’s capital Lisbon. An ocean view villa for sale in Spain. Or a modern townhouse in Quinta do Lago, Algarve, we’ll help quietly, privately, and competently.
Our team has years of experience working with high-net-worth individuals and providing advice. Finding the right property. Wealth taxes. Opening a foreign bank account. International mortgages. Legal Assistance. Visa help and tax advice for non-habitual residents. Our professional and dedicated network of luxury agents (over 300 across 4 continents) is here to help you!
Privately Owned Fine Luxury Property is entirely privately owned by the Castle Gallois Corporation.  CEO Matthew Beale based in Cardiff.  International Sales Director Quentin Debonnet based in Madrid. CIO Robert Rankin. Our multilingual team has many years of international business experience between them.
Industry Leader Through our ‘by invitation only’ network of ‘elite agents’. Our exceptional luxury real estate portfolio is virtually unrivaled. We have established overseas representation with offices in Lisbon, Porto, Madrid, and Bangkok. For a complete list please visit our sitemap here.
Winner of the 2019 Zokit ‘Best Development in Property Award’ at the prestigious Zokit awards ceremony held at Cardiff City Stadium.
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bestmediagroup · 3 years
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Best Media Group: Dan's Papers was named Best Of The Best by the luxury lifestyle Public Relations firm 'Lawlor Media Group'
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Public Relations Group, Lawlor Media
Lawlor Media Group is pleased to announce that they have won the 2019 Platinum Award for Best Public Relations Firm from Dan's Papers Best of the Best. Lawlor Media Group is a full-service, luxury lifestyle Public Relations boutique agency based in New York City and ubiquitous throughout the Hamptons season, with over twenty years of experience in successfully fulfilling the different demands of firms, organizations, and individuals.
Lawlor Media Group has been recognized by Dan's Papers voters for their public relations efforts for the past seven years, having garnered awards in 2007, 2014, 2015, 2016, 2017, and 2018.
Working with notable celebrities and personalities such as Celebrity Hairstylist Angelo David Piscreta, Celebrity Event Planner Larry Scott of Lawrence Scott Events, and Sports Broadcaster Ann Liguori; to working charitable events such as the Prostate Cancer Foundation's Dinner at Daniel with Jamie Foxx, Samuel Waxman Cancer Research Foundation's Hamptons Happenings, and Rescue Dogs Rock N Roll
Lawlor Media Group's client-centered company attitude is one of the secrets to their success. Throughout the partnership, clients receive individualized high-level attention, which is backed up by a custom-tailored public relations strategy that is planned and implemented specifically for each company or individual's circumstance and needs.
Lawlor Media Group, led by Principal & CEO Norah Lawlor, has a long history of representing clients in the celebrity, travel, hospitality, literary, fashion, film, real estate, retail, beauty, and nightlife & entertainment industries, as well as philanthropists, foundations, and charity events.
For their continuous support, Lawlor Media Group would like to thank everyone who voted for the award, as well as their clients, friends, and the LMG team!
Lawlor Media Group is a media company based in the United States
Lawlor Media Group | October | 2018
31st October 2018... Carrie Brudner's inaugural annual Fitness New York Awards celebrated nine professionals in the health, wellness, and fitness professions...
This PDF is available for download: Overdue Books 2 of 2 - October 2018
Elli Woollard's A Broom to Zoom / drawn by... Alison DeLaine's A Wedding by Dawn... Adam Blade's Beast Quest: The Complete Book of Beasts... Because of Winn-Dixie: the Official Motion Picture Scrapbook /... Noah Barleywater runs...
MADRID, SPAIN, OCTOBER 24-25, 2018 - ResearchGate
valverde del camino (Huelva, Spain) and de varzim (Porto, Portugal)". ... little credible proportions, tight tops, huge breasts, huge necklines, transparency, short skirts. The judge, in reality, cannot serve as an ex officio...
The Hidden Witch Paperback – Amazon.com – October 30, 2018
A fresh adventure set in the world of magic and shapeshifting — and regular kids just like you — comes from the writer of the acclaimed comic novel The Witch Boy.
In Windows 10 October 2018 Update, uninstall AVG PC TuneUp 16...
25th of February, 2019... This article will show you how to uninstall AVG PC TuneUp. If you are unable to do so, visit https://macpaw.audw.net/c/376211/154407/1733 for the finest uninstall tool. Would you like to learn more? * How To Get Rid Of A Virus Without Using Antivirus Software
Using technology to aid diversify instruction | Discovery | October 2018
1st of October 2018... Carol Tomlinson defines differentiated instruction as "an approach to teaching that encourages active planning for and attention to student..."
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PleasureLand RV is expanding to a second location. “We had begun to... was up 30%, and sales at the Anoka facility showed a new growing market –
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30 September 2018... Trezman Marshall, ranked 32nd on 247Sports.com's 2019 Top Dual-Threat Quarterback Recruits list, was featured in this issue of In the Game.
Redskins versus. Saints - Game Recap - ESPN - October 8, 2018
Get a recap of the football game between the Washington Redskins and the New Orleans Saints.
Work Human Rights GR-H(2017)11 25 October RAPPORTEUR GROUP
The UN General Assembly's biannual resolution calling for a moratorium on the use of the death penalty. In November 2007, the United Nations General Assembly passed Resolution 62/149 on...
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Nobody gives you more sailing for less money. — Jim We took the rug rascals to Sandy Beach while covering the West Marine Pacific Cup. Due to a storm off the coast...
Reviews Jeffrey Bradford, Norah Lawlor
Rev. George W. Rutler, the pastor of the Roman Catholic Church of Our Saviour in New York, married Norah Elizabeth Lawlor and Jeffrey Peter Bradford on Saturday.
The bride, who is 43 years old, will keep her maiden name. She is the founder and CEO of Lawlor Media Group, a New York-based public relations firm. She earned her bachelor's degree from Carleton University in Ottawa. Doris Lawlor of Ottawa and the late Edward Lawlor are her parents.
The groom, 39, is a New York-based strategic consultant who focuses on politics and national security concerns. Staffordshire University in Stoke-on-Trent, England, awarded him a second-class honors degree. He earned a master's degree in economics and social studies from University College Wales, Aberystwyth, and a PhD in strategic decision making theory from Cranfield University in Shrivenham, England. Marion Bradford and Harry Bradford of Swanwick, England, are his parents.
The Kroger Wellness Council has named Nikki Walter-Nemickas as an editorial representative from ‘Us Weekly.'
A Wellness Commentary will be published in a national publication with a circulation of 40 million people.
NEW YORK, NEW YORK, UNITED STATES OF AMERICA, June 10, 2021 /EINPresswire.com/ — NEW YORK, NEW YORK, UNITED STATES OF AMERICA, June 10, 2021 /EINPresswire.com/ — Nikki Walter-Nemickas is a health, nutrition, fitness, and wellness lifestyle expert whose inspirational slogan of "be fit and eat clean" has landed her a coveted seat on the Kroger Wellness Council as the new Us Weekly Editorial Representative.
The much-anticipated comments of Walter-Nemicka will be featured in the weekly celebrity and entertainment magazine, which has a total circulation of more than 40 million people. She is proud to share her enthusiasm for healthy living as an athlete, fitness model, and family wellness coach.
She will attend Kroger Wellness events, such as their quarterly Council meetings, the Wellness Experience, and the Women of Wellness Brunch, in her new capacity as an Editorial Representative. US Weekly will contact her for her thoughts on a few pieces about the Kroger Wellness Experience. Due to COVID-19, events have been held digitally so far, with hopes of meeting in person in the future. Her wellness opinion will be featured on a national level, both online and in print.
The motivational coach is a strong advocate for bringing health and wellbeing to the masses as a leader in the profession. Her heartfelt message and unique approach inspire people of all ages and backgrounds to be hopeful and optimistic. Walter-Nemickas was hired by Us Weekly when she was introduced to her enthralling knowledge of the profession, as well as her own personal history, which she was able to retain throughout the decades. Walter-Nemickas is a woman who is more than a coach, with a personal tale that many may relate to. She's a relatable teacher who simply wants the best for the people who seek her assistance to help them achieve their personal goals.
“This means the world to me because I truly believe that every step I've taken in the profession has been to truly change lives for the better,” Walter-Nemickas says of her new position. “I feel like there's so much more to be done, and it's really exciting. What I'm planning to do next in the wellness area will allow me to expand the sector and share my passion and skills with everyone.”
She aspired to work in the fitness sector as a child in small-town South Dakota, but instead pursued a more traditional career route. However, after her late husband Nathan was afflicted with illness and died in 2011, she took the bold step of creating a tailored health company concept. She realized her dream thanks to her small daughter Addison's constant presence.
“It's a fantastic opportunity to just thrive in the next season of my life,” says the health expert, who is thankful for her successful career and upcoming marriage in 2020. Walter-Nemickas' passion to her family is matched by her commitment to people seeking advice on healthy eating, lifestyle habits, and overall well-being. With that momentum, she's also making news with her #RuralFit program, which helps families in rural America. The website she and her daughter created provides an educational opportunity for communities to join in raising funds for their residents or family members who require medical treatment.
Her ambitions for 2021 include finishing her advice novel on healthy living, continuing her F...It Podcast on Spotify and Apple Podcasts, and establishing a new and improved website, in addition to her employment at Us Weekly.
In addition, on Thursday, August 19th, 2021, she has been booked for The Wellness Experience by Kroger festival event. Walter-Nemickas will perform at the annual multi-day festival in Cincinnati, Ohio. She will motivate women of all backgrounds to invest in their physical health, mental wellness, and mindfulness as a member of the Women of Wellness Council's panel. The Wellness Experience provides guests with the tools, programming, and motivation they need to begin living a healthier lifestyle.
Details to Know Follow:
https://www.lawlormediagroup.com/
Additional Resources:
https://www.linkedin.com/company/lawlor-media-group
https://en.wikipedia.org/wiki/Liam_Lawlor
https://www.facebook.com/LawlorMediaGroup
https://www.nytimes.com/2017/01/04/fashion/jean-shafiroff-new-york-socialite-philanthropy-galas.html?smid=pl-share
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loeksgood · 5 years
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Portuguese Property Sales Down - Demand For Lettings Growing in number
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In this tough financial climate we continue to find ourself, many are left with their assets floundering in the wind, as it were! In a recent survey by The Royal Institution of Chartered Surveyors and Confidencial Imobiliário (Ci) of the Portuguese housing business, covering the sales and lettings sectors, shows a on going decline in property sales and a sharp rise inside property lettings. Interestingly, until September, existing home rates had been falling faster than new home prices. Nevertheless the last two months have shown developers becoming less resilient to fall in house prices. December's survey actually shows brand new house prices falling at a faster rate than existing homes. From the lettings market, demand continued to rise, as did fresh landlord instructions. Lettings anticipations recorded a sharp grow and remains firmly in a positive stance. Rents stayed negative, with a reading consistent with falling rental levels. Nightly rental expectations, whilst still falling, did so at a a whole lot slower rate in December. Indeed, outside Lisbon rentals expectations are broadly stable (in Porto and Algarve), indicating that it is a regional rather than a national trend. Lettings are also the highest in Porto and the Algarve. The fall of hire in some areas could be reflecting an excess of rental stock that can be found but there is also evidence of a mismatch between the type of residence offered, and that in demand. The regional data tends to be further volatile than the national data, respondents in the Algarve discovered the sharpest house price falls while those for Lisbon saw the sharpest falls in rents. Confidencial Imobiliário Spokesman, Ricardo Guimaraes commented: "According to the Memo signed with the Troika, December is the deadline for the Colonial Government to change the lease law, which should improve the markets confidence, especially regarding the default risk from tenants. It is moving agents' expectations. At the same time, the most commented topic continues the financial wrangling between potential buyers and banks, as well as amount of houses directly sold by financial institutions, which is working with a negative effect on prices. " RICS Senior Economist, Josh Miller added: "Although sales volumes in the housing market continue to keep fall, volumes in the lettings market are rising because households who cannot access mortgage finance are picking rented accommodation instead. Given the deteriorating macro market backdrop - unemployment now stands at 12. 9% while economic sentiment has collapsed - and the shrinking in credit conditions already underway, the lettings current market is likely to continue experiencing high volumes of activity at the moment. " This sort of trend could be typical for many European countries, if you decide to are having trouble selling your property, perhaps you could look at the nightly rental market for the next few years to keep your investment place. On the other hand, if you are looking for an investment, it seems it is a buyers' market out there that could be part of your long term investment prepare. The good news is that once you've found the perfect tedge the selecting process in Portugal is relatively simple and straightforward. To put your property on the rental market, make sure you use a reliable property management company that is local, speaks your foreign language and that listens to your needs. There are many ways you can use a managing company, from just showing the property to a complete heritage check on potential tenants, rental collection, maintenance for house hold, pool, garden and so on. For those considering purchasing property during Portugal, here are the main things to consider: We always recommend you purchase through an AMI Licensed Agent and that the agent possesses a valid license. This license is granted by the regulating body INCI (Instituto da Construção e do Imobiliário) formerly known as IMOPPI. This serves as a guarantee the individual estate agent has complied with numerous limitations to exercise the profession of estate agent throughout Portugal. Licensed estate agents also have insurance cover that may be claimed to protect against if they don't conform to the highest standards. Make sure that your professional not only has a license but that it's actually valid. We all recommend that you also seek expert legal advice and use the English speaking local lawyer. Once you've found a suitable real estate the procedure is usually as follows: A Contrato de Promessa de Compra e Venda (Promissory Contract similar to Exchange), could be drafted up by your lawyer whereby you promise to obtain the property for a given sum and the vendor agrees selling it. Your lawyer should at this stage ask the vendor to provide the following documentation: 1 . Caderneta Predial (Tax Registration Document) from the Finanças (Tax Office) which shows the tax burden situation of the property including the property's inscription for money purposes, the current owner, the property's fiscal number etc . 2 . Certidão de Teor (Land Registry Document). The document shows who owns the property, who has rights to the building and if there are any charges, mortgages or incumbrances listed against the property. It basically provides you with the history and the common standing of the property. 3. Licença de Habitabilidade (Habitation License) for properties built after 1951 a habitation license is required. This document shows that the property has, eventually in the past, obtained a certificate deeming it fit just for human habitation. The licence is obtained at the Council. 4. Ficha Técnica de Habitação (The Property's Technological Report) This document is required for properties built and / or altered after 1st January 2004. It contains the builder's details, materials used by the builder, who supplied individuals and other relevant technical information on the property and construction technique. The builder should supply the report where necessary. 5. The Property's Plans - these should also be furnished and ask your lawyer to check that everything is as it should be and that no significant modifications have been made which may impinge on your enjoyment of the property. 6. Identificação Fiscal (Fiscal Number) As a future home owner you will also be required to get one of these out of your Local Tax Office. Usually your lawyer will take health care of this for you. 7. Survey- A structural survey seriously isn't a legal requirement under Portuguese law and banking institutions don't usually ask for it either on most properties, but the truth is know the saying "If in doubt, check it out" particularly if you're looking at older properties. Amongst other things your own lawyer should also look into whether the property you're buying is rented to a third party. If it is, the tenant can in a few circumstances exercise the right to purchase. If you're buying an farm plot (rústico), the neighbours can have the right to purchase. Therefore check these little details out and avoid unnecessary severe headaches. Once you and your lawyer are satisfied that everything open for order, you can then proceed to the signing of the Promissory Written agreement. 8. Energy Rating Certificate: As of 1 January 09 before buying property in Portugal you must be found a valid energy rating certificate which grades real estate from A-G, A being the most environmentally friendly. A 10% per cent deposit is usually required at this stage, although this can are different. The contract is legally binding and the law expresses that should you change your mind and decide not to commence with the purchase, you forfeit your deposit. On the other hand if the vendor withdraw from the sale they will have to repay dual the original deposit handed by the buyer. Escritura (Deed regarding Completion) After the Promissory Contract and if everything is in structure you can in the following weeks proceed to the Escritura (Completion). This is done in a Notary's Office, Land Registry Clinic. The Escritura is the legal document which shows title of the property and you get a copy a few days after the conclusion. The Notary is a neutral government legal representative who's going to be there to ensure that all the documentation is in order, all taxation's have been paid and serve as a witness to the place during Escritura and ensures that every legal aspect will be adhered to. Once the Notary is satisfied that every legal part of the transaction has been adhered to they will read out typically the clauses in the Escritura; if a translator is needed your lawyers should be able to help with this. The buyer, seller and the Notary will then sign the Escritura (Deed of Completion) and it is documented at the Land Registry and Finanças (Tax Office) this has to be done within 60 days. If you're a place a burden on resident in Portugal you may be eligible for IMI (Council Tax) exemption if your property's rateable value is less than € 236. 250. Prior to Escritura de Compra e Venda (Completion) you are required to pay IMT (a type of Stamp Challange for the local authority). This Stamp Duty goes up through platforms in accordance with the value of the property and also if it's a main or second residence. PRACTICAL EXAMPLE: You're purchasing a two to three bedroom villa in mainland Portugal for €450, 000 as a second home, your IMT calculation would be the following: €450, 000 x 8% =€36, 000 - €11, 035. 25= €24, 964. 50 ACTUAL amount of IMT payable because the Tax Office gives a deductible allowance of all of the platforms. The IMT payment must be made Completed Escritura de Compra e Venda (Completion) which can develop at any Notary Office in the country. If you do not make this transaction, the Notary will not allow Completion to take place. There is also a 0. 8% Imposto de Selo (Stamp Duty) cost belonging to the value of the property at the Notary's Office on End. So for your villa you would pay €3. 600 towards the Notary on Completion. If you're borrowing from a Portuguese bank or investment company there is a further 0. 6% Stamp Duty on the amount of money borrowed. So for instance if you borrowed €350. 000 as a result of PPP Bank there is a €2. 100 stamp duty paying. Where borrowing is involved the procedure is slightly unique in the sense that the bank does a provisional plate of their and your interest in the Land Registry prior to Finish to protect both your and its interest in the property. This should in between €500 to €1000. After completion the provisional registrations are converted at the Land Registry by the bank or perhaps your lawyer. Purchasing costs vary depending on the value from the property you buy but also of course which lawyer you use. Lawyers' fees vary between 1% and 1 . 5% of your purchase price. Allow 6 -10% for all your purchasing costs (this varies because of the deductible allowances of the IMT platforms). If you decide to are purchasing your dream four bedroom villa on sunny Algarve for €450. 000, add approximately 8% to the purchase price to cover all costs including taxes, press duties, registrations and legal fees. Well, here our company is in the first Quarter of 2012! The future has arrived as well as we see signs of it everywhere in our daily world. If you were among the lucky people who received gifts within Christmas and found amongst the socks and scarves, chocolate and perfumes, the latest gadget for internet surfing as a new mobile phone, you will be thrilled to know you can access Holprop. com and the whole family of Holprop driven websites regarding our new mobile version. So , now you can take us where ever you go!
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biofunmy · 5 years
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Another Starchitect Arrives in New York
Another celebrated architect is about to have his New York moment. But, this time, there is no billowing sail-like form, jagged crystalline spire or curvaceous squiggle.
Instead, the condominium now rising at 611 West 56th Street will eventually resemble a sensible composition of Perla Bianca limestone and glass that stands out for its simplicity — as well as a monolithic four-story-tall crown.
The architect is Álvaro Siza, a widely admired practitioner of sober modernism who has been awarded his profession’s highest honors, including the 1992 Pritzker Architecture Prize, yet has remained largely out of the spotlight while toiling away in his studio in Porto, Portugal.
“I didn’t expect to have the opportunity to build in Manhattan,” said Mr. Siza, 86. “Now, at my age, I thought I had lost the opportunity. I was very happy to be invited and thought, ‘Well, let’s see if I still have energy for this project.’”
The resulting 450-foot-tall, 37-story building is Mr. Siza’s first project in the United States. However, during a recent interview, he recalled being smitten with New York from the moment he first visited in the 1960s.
At the time, he said, he was struck both by the crowns of great skyscrapers like the Chrysler Building and Empire State Building, as well as the intricate level of detail these buildings had at street level. “It was a constant surprise,” he said. “It was so interesting, the imagination at the edges of the buildings: the floor and the sky.”
Mr. Siza said he aimed to give his building similar qualities — a “special point” at the top and a graceful presence where it meets the street. Then, realizing that the corners of the tower afforded views to Central Park to the northeast, and to the Hudson River to the southwest, he designed a gridded facade around corner windows.
The development companies that tapped Mr. Siza for the job are Sumaida and Khurana, which previously worked with the Japanese architect Tadao Ando on 152 Elizabeth Street, and LENY.
“We’ve always admired Álvaro Siza’s work,” said Saif Sumaida, a founding partner of Sumaida and Khurana, who studied architecture as a student at the Cooper Union. “He’s one of the masters.”
After acquiring the slender corner site at West 56th Street and 11th Avenue, just east of a city Department of Sanitation garage, and south of numerous new large-scale rental buildings (including the project’s immediate neighbor, the Max, at 606 West 57th Street), Mr. Sumaida said the developers decided Mr. Siza’s stripped-down geometric work would be an ideal fit for the project.
“We care about architecture that’s elemental and not over the top,” he said. Mr. Siza’s design, “focused on certain elemental components of the building, rather than going for a lot of glitz. He really focused on proportions, the detailing of windows, and the detailing of the stone.”
As Oded Norman, the chief executive of LENY, put it: “He’s a purist.”
The interiors of the building were designed by Gabellini Sheppard Associates, the same firm that designed the interiors at 152 Elizabeth Street.
Following Mr. Siza’s lead, the firm aimed to design simple yet visually warm interiors with oak floors and paneling, kitchens featuring Grigio Nicola marble counters and walnut cabinets, master bathrooms wrapped in Greek Volakas marble, and integrated lighting tucked into coves and behind mirrors.
The lobby “takes cues from how we see Siza and his focus on volumetric and planar design,” said Kimberly Sheppard, a partner at the firm, and includes “a floating cube of Pietra Cardosa stone, which hides the practical stuff of the mail room,” while integrated up lights make it double as an enormous light source.
Amenities include fitness, yoga and boxing rooms, a children’s playroom, a dining room with a catering kitchen, a library and a media room. There will also be a fourth-floor garden designed by the landscape architect M. Paul Friedberg featuring a sculpture by Mr. Siza.
Because of the slender nature of the tower, many floors have only one or two apartments, and more than half of the project’s 80 apartments will have direct, keyed elevator access. Sales are expected to launch later in September, with one-bedroom units from $1.26 million, two-bedrooms from $2.42 million, three-bedrooms from $4.22 million, and full-floor four-bedrooms from just over $11 million.
“I think there’s a vast group of people in this area who are renting at very high rents, who will look at these apartments,” said Leonard Steinberg, a broker at Compass, which is handling marketing and sales. “It offers a nice alternative.”
The penthouse, however, which comes with a private terrace beneath a notch cut into the crown of the building, at a price that has yet to be announced, won’t be quite so attainable.
“That’s a very Siza moment,” Mr. Steinberg said. “If you’re paying the price for the penthouse, you better get something really, extraordinarily, uniquely Siza.”
For weekly email updates on residential real estate news, sign up here. Follow us on Twitter: @nytrealestate.
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torentialtribute · 5 years
Text
All yours! Cristiano Ronaldo ‘sells £2.3M hill-side mansion to Portugal team-mate Pepe’
All yours! Cristiano Ronaldo sells £ 2.3 million home on a hill to teammate Pepe of Portugal … Juventus star hits £ 1.25 million hit on the sale & # 39;
Cristiano Ronaldo reportedly has his £ 2.3 million mansion for teammate Pepe
The secluded property is located and hidden in the only national park in Portugal
Ronaldo's generosity is highlighted in that he took a £ 1.25 million hit on the sale & # 39;
by Nathan Salt for Mailonline
Published: 07:31 BST, August 1, 2019 | Updated: 07:36 BST, August 1, 2019
Cristiano Ronaldo has shown how far he will go to good friends after he & # 39; hit a £ 1.25 million & # 39; and sold his Portuguese country house to teammate Pepe.
The Juventus superstar has a wealth of qualities to his name, but, according to the Sun has decided to sell his hilly retreat in his home country to his international teammate .
Hidden by vast forest and located in Geres, the country house – which includes a helicopter landing pad – was purchased seven years ago for nearly £ 3.5 million by the five-fold Balloon d & # 39; Or winner.
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The Geres building has an area of ​​approximately 800 square meters and offers a beautiful view of the picturesque river Cavado.
According to Morning Mail, the deal between Ronaldo and Pepe is said to have been agreed as the national team came closer to lifting the inaugural UEFA Nations League title.
Pepe, who played alongside Ronaldo at Real Madrid, is now back in his home country after joining FC Porto after leaving the Turkish side of Besiktas.
Geres has a popular destination for star names coming from Portugal with former Manchester United boss Jose Mourinho and notable soccer agent Mino Raiola who owns real estate in the region.
More to follow.
Receive your FREE Premier League Match Guide in collaboration with Sky Sports, only in Saturday's Daily Mail.
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luximos-blog · 6 years
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Luximos offers stunning Luxury Apartments in Algarve
Every person dreams of a beautiful property which is unique in itself. Luximos is an international real estate company that provides the latest information about the premium properties in the Algarve, Porto and northern Portugal. We have vast experience with high standards of service and transparency giving satisfaction to our customers by finding the real estate solutions.
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We provide Luxury Apartments in Algarve which situated with its green, natural backdrop and some of the most beautiful beaches in Europe. Its golden beaches dotted with cliffs, unique conditions for water sports and golf courses combine to make it the best destination for all seasons.
Our Luxury homes for sale in Portugal are at the prime locations with all the modern comforts where one can stay and enjoy with all its mesmerizing and scenic view. We have experts who give quality property management and maintenance service customized according to the needs and requirements of the clients.
We are one of the most excellent Real estate agents in Portugal offering a selection of apartments and villas for our clients tailored to each property. We provide the properties at the most excellent prices with huge discounts on it making your dream of enjoying and staying in luxury apartments real and affordable.
If you are searching for any Real estate agent in Portugal, who can give you luxury properties at a competitive price, then you should contact Luximos. You can also visit our website to get more information about us. Feel free to call our representatives to inquire about our services, and we will solve your entire query.
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A guide to affordable living in North Portugal
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The north is the most populated part in the country of Portugal and is the centre of the Portuguese population. All major urban sectors are located in the region. While the south is filled with holiday spots and luxury villas, the north is where the common people live. Here are a few pointers on cheap living in North Portugal:
·         Houses and apartments in Vila do Conde:
The Porto district, one of the most populous areas of the country is located in the municipality of Vila do Conde in Portugal. Maisons et appartements Vila do Conde are easily available, allowing one to survive in manner that is affordable.
·         Real estate in North Portugal
Investing in real estate in Norte Portugal is a great business opportunity. The industry thrives both in the north and the south, with the chief point of interest rooted in practical requirements and luxury, respectively. Whatever the reason behind your investment, owning property in Portugal can make sure that you actively partake in Immobilier Nord Portugal pas cher.
·         Cheap houses for sale
If you need to stay in the country for a sustained period of time, you will have to seek out stable lodgings. While renting seems more practical, the rents are high in Portugal. It is better to look for a maison a vendre au portugal pas cher or a cheap house for sale in Portugal to sustain you through your time of stay.
The 'Entreportas' company is a professional real estate agency that can provide comprehensive solutions to all problems you face while looking for a house in Norte Portugal.
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tortuga-aak · 7 years
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6 things I learned from interviewing 19 millionaires
Jeff J Mitchell/Getty
On the hunt for a mentor in Portugal, Ben Davis started meeting self-made millionaires who told him their stories.
Most of what he learned about wealth and success had little to do with money, directly.
He thinks anyone can apply their lessons to their own lives.
While doing my PhD in Germany, I developed CFS/adrenal fatigue and I feared I could not work for much longer. I didn’t know much about finances or investing at the time – I had only invested in the stock market for a few years using very simple strategies.
Therefore, I decided to educate myself financially, reading over 100 books on personal finance and investing in general. I did a few projections and I set the goal to retire by the age of 33 in Portugal (I literally live where people vacation!), and today I am well on track to do so, primarily through real estate.
As I educated myself, I decided that I needed a mentor. And I figured I would look for one in the area I wanted to retire in – mid-east Portugal, Europe.
If you’ve ever tried to get a mentor yourself, you know how difficult it can be at times. I asked many people whether they wanted to teach me how to get rich doing the same thing they did, but the answer came back negative over and over again. Until one person said:
"Well I don’t have time for that, but I can tell you my story, maybe you’ll learn from it?"
To this day I still remember how my brain started connecting the dots right then and there! I quickly shot back, “you’ve got time today?” and that was the beginning of something remarkable.
I went on to interview 19 self-made millionaires and multi-millionaires who taught me more than they’d ever know. I would invite them for a coffee, take out my notebook, and then ask them to tell me their stories. I would take notes like a professional reporter.
Finding them was a nightmare, however. At times I felt like I was wasting my time, and at others I felt like I had won the lottery and was learning things I would never have learned if I hadn’t talked to them.
I had all sorts of people interviewed. From cocky to humble, bankers to farmers. You’d expect to find a pattern in how they looked, but I didn’t. Some were dressed up, others looked close to homeless. Only a few told me their actual net-worth, but all of them, probably unconsciously, told me things that were instrumental for my own journey to wealth.
In this article, I will summarize six lessons I learned from them. I hope you can relate to them, and even more importantly I hope you apply some of them to your own life.
Lesson #1: Life is about way more than money
Sergi Alexander/Getty Images for Haute Living
Antonio wanted to get rich desperately. He wanted to show his father how capable he was. He never told me what his father said that hurt him so much, but I could sense some revenge in the way he talked. He wanted to prove a point.
He told me his biggest mistake in life was barely living at all: “I barely had a life until today. I could never enjoy a dinner with my family or my wife’s cake. I could never stop thinking about improving my business and making more money. Even today, it seems that I don’t have enough – and that leaves me nervous.”
Antonio has a medium-sized retail business, which sells farming machinery. Back in the day, he used to run from small village to small village in order to find local farmers who would buy his equipment. Today, he stays at the business and sends his workforce to work. He looks like a concertmaster coordinating an orchestra.
He pays attention to every detail and has a huge hand-written database of clients and their needs. “This is worth gold” he told me, regarding his small notebook he started writing in long before e-mail was a thing. This guys knows marketing and the value of keeping a big record of clients, I thought.
The biggest lesson I learned from Antonio was that, even if it seems like it, life ain’t about the money. Not always, at least. Antonio ended up developing an inability to feel good when achieving something. He’s always wanting more. Even now that his business has expanded into 6 cities, he’s not satisfied. He never will be.
Lesson #2: Do what you love, and the money will come
Tinxi / Shutterstock.com
Jose told me he never thought he could become a multi-millionaire selling tiles. “I never thought anyone could make a decent living doing this, even though I always loved home renovation and tiles.”
(If you’re thinking this is a strange thing to love, btw, know that Portugal has a history with tiles, bricks and stones. If you ever visit Lisbon you’ll understand why!)
“I wanted to become rich, so I started multiple businesses. I would move from business to business, looking for one that was really profitable, until I started selling homes.” But Jose never really made significant money selling homes. “The market was always very volatile, and crashes were terrible for us. This is not London or New York – it is a small city with a small market.”
A prospective buyer once told Jose he would buy the home he showed him, but only if he could find someone to renovate it for him on the cheap. He didn’t like the tiles in the kitchen and in the bathroom, but Jose knew no one he could refer to.
“I remember looking for days, asking all the other brokers in the company, but no one knew any business doing that.” Eventually that led to Jose setting up his own renovation business, and he started buying tiles in massive amounts for not only his own business but for other contractors too. Contractors who normally buy tiles in bigger cities, like Porto. It was a costly and slow process, but Jose saw an opportunity and jumped on it – eventually making more money on the tiles themselves than all the renovations!
He finally gave up the renovation business and focused solely on what he loved the most – selling tiles. Which eventually made a multi-millionaire. “Whenever anyone asks me what I do, I very proudly say that I sell tiles!”
Lesson #3: Taking risks is a part of wealth-building
Flickr / Carla MacNeil
“I mortgaged my house and I didn’t tell my wife. She would have had killed me if she knew!” I cannot name the guy who told me this as part of our agreement (he said I was the only one he ever told!), but for the sake of this article, I will call him “A.” A. was definitely the richest guy I interviewed, even though he didn’t reveal how much his net worth was. (He also didn’t pay for the coffees either.)
A. had a wonderful life. He had “the most beautiful girl in town!” and owned two paid-off homes by the age of 25 (and this was about 50 years ago. “No one had a house back then – only the rich!”) I asked him whether he was rich then, and he told me that he only became rich later on – after risking his two homes in a matter of months.
The story goes that this guy use to run a bike business. Back then, bikes were a true luxury and not many people had them. He would fix and sell bikes for the rich, but he “would never become one in the bike business.” Eventually, the real estate where he had his business was listed for sale. He decided to mortgage his home to buy it.
“It was not a smart move at first – my rent was fairly low so it didn’t make sense. I was starving for wealth – it was an impulse buy.” But a few months later, when he sold his business, he became highly aware of the value of that piece of real estate. “The guy who bought my business didn’t want to pay me dividends as part of our agreement, so instead I charged him a higher rent on the property I still owned – and he accepted!”
A. eventually realized he could replicate what he had just done, so he opened another bike business in a nearby town, bought the location from under it, and then listed both the business and the attached real estate for sale.
The word spread fast, and A. would sell his businesses for small losses, but more than recoup the money from the lucrative rents attached.
He’s still doing this today, decades later. Creating and franchising businesses to owners, who then agrees to move shops where A. wants them to: at his own locations! I remember this story every time I pass by a McDonald’s, as they have a pretty similar model as well.
(Interesting to note, A. still owns that first location he rented out and the bike business is also still there, now run by the second generation of the family.)
See the rest of the story at Business Insider from Feedburner http://ift.tt/2xMesAx
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heliosfinance · 7 years
Text
What I Learned From Interviewing 19 Millionaires
[Hey guys! Welcome Benjamin Davis from FromCentsToRetirement.com to the blog today. He’s been on an interesting journey lately hanging out with millionaires, and stops by to share some insight :) What a great way to soak up some knowledge, eh? Only costs you a cup of coffee!]
********
While doing my PhD in Germany, I developed CFS/adrenal fatigue and I feared I could not work for much longer. I didn’t know much about finances or investing at the time – I had only invested in the stock market for a few years using very simple strategies.
Therefore, I decided to educate myself financially, reading over 100 books on personal finance and investing in general. I did a few projections and I set the goal to retire by the age of 33 in Portugal (I literally live where people vacation!), and today I am well on track to do so, primarily through real estate.
As I educated myself, I decided that I needed a mentor. And I figured I would look for one in the area I wanted to retire in – mid-east Portugal, Europe.
If you’ve ever tried to get a mentor yourself, you know how difficult it can be at times. I asked many people whether they wanted to teach me how to get rich doing the same thing they did, but the answer came back negative over and over again. Until one person said:
Well I don’t have time for that, but I can tell you my story, maybe you’ll learn from it?
To this day I still remember how my brain started connecting the dots right then and there! I quickly shot back, “you’ve got time today?” and that was the beginning of something remarkable.
I went on to interview 19 self-made millionaires and multi-millionaires who taught me more than they’d ever know.  I would invite them for a coffee, take out my notebook, and then ask them to tell me their stories. I would take notes like a professional reporter.
Finding them was a nightmare, however. At times I felt like I was wasting my time, and at others I felt like I had won the lottery and was learning things I would never have learned if I hadn’t talked to them.
I had all sorts of people interviewed. From cocky to humble, bankers to farmers. You’d expect to find a pattern in how they looked, but I didn’t. Some were dressed up, others looked close to homeless. Only a few told me their actual net-worth, but all of them, probably unconsciously, told me things that were instrumental for my own journey to wealth.
In this article, I will summarize 6 lessons I learned from them. I hope you can relate to them, and even more importantly I hope you apply some of them to your own life.
Lesson #1: Life Is About Way More Than Money
Antonio wanted to get rich desperately. He wanted to show his father how capable he was. He never told me what his father said that hurt him so much, but I could sense some revenge in the way he talked. He wanted to prove a point.
He told me his biggest mistake in life was barely living at all: “I barely had a life until today. I could never enjoy a dinner with my family or my wife’s cake. I could never stop thinking about improving my business and making more money. Even today, it seems that I don’t have enough – and that leaves me nervous.”
Antonio has a medium-sized retail business, which sells farming machinery. Back in the day, he used to run from small village to small village in order to find local farmers who would buy his equipment. Today, he stays at the business and sends his workforce to work. He looks like a concertmaster coordinating an orchestra.
He pays attention to every detail and has a huge hand-written database of clients and their needs. “This is worth gold” he told me, regarding his small notebook he started writing in long before e-mail was a thing. This guys knows marketing and the value of keeping a big record of clients, I thought.
The biggest lesson I learned from Antonio was that, even if it seems like it, life ain’t about the money. Not always, at least. Antonio ended up developing an inability to feel good when achieving something. He’s always wanting more. Even now that his business has expanded into 6 cities, he’s not satisfied. He never will be.
Lesson #2: Do What You Love, and The Money Will Come
Jose told me he never thought he could become a multi-millionaire selling tiles. “I never thought anyone could make a decent living doing this, even though I always loved home renovation and tiles.”
(If you’re thinking this is a strange thing to love, btw, know that Portugal has a history with tiles, bricks and stones. If you ever visit Lisbon you’ll understand why!)
“I wanted to become rich, so I started multiple businesses. I would move from business to business, looking for one that was really profitable, until I started selling homes.” But Jose never really made significant money selling homes. “The market was always very volatile, and crashes were terrible for us. This is not London or New York – it is a small city with a small market.”
A prospective buyer once told Jose he would buy the home he showed him, but only if he could find someone to renovate it for him on the cheap. He didn’t like the tiles in the kitchen and in the bathroom, but Jose knew no one he could refer to.
“I remember looking for days, asking all the other brokers in the company, but no one knew any business doing that.” Eventually that led to Jose setting up his own renovation business, and he started buying tiles in massive amounts for not only his own business but for other contractors too. Contractors who normally buy tiles in bigger cities, like Porto. It was a costly and slow process, but Jose saw an opportunity and jumped on it – eventually making more money on the tiles themselves than all the renovations!
He finally gave up the renovation business and focused solely on what he loved the most – selling tiles. Which eventually made a multi-millionaire. “Whenever anyone asks me what I do, I very proudly say that I sell tiles!”
Lesson #3: Taking Risks Is a Part of Wealth Building
“I mortgaged my house and I didn’t tell my wife. She would have had killed me if she knew!” I cannot name the guy who told me this as part of our agreement (he said I was the only one he ever told!), but for the sake of this article, I will call him “A.” A. was definitely the richest guy I interviewed, even though he didn’t reveal how much his net worth was. (He also didn’t pay for the coffees either. :-))
A. had a wonderful life. He had “the most beautiful girl in town!” and owned two paid-off homes by the age of 25 (and this was about 50 years ago. “No one had a house back then – only the rich!”) I asked him whether he was rich then, and he told me that he only became rich later on – after risking his two homes in a matter of months.
The story goes that this guy use to run a bike business. Back then, bikes were a true luxury and not many people had them. He would fix and sell bikes for the rich, but he “would never become one in the bike business.” Eventually, the real estate where he had his business was listed for sale. He decided to mortgage his home to buy it.
“It was not a smart move at first – my rent was fairly low so it didn’t make sense. I was starving for wealth – it was an impulse buy.” But a few months later, when he sold his business, he became highly aware of the value of that piece of real estate. “The guy who bought my business didn’t want to pay me dividends as part of our agreement, so instead I charged him a higher rent on the property I still owned – and he accepted!”
A. eventually realized he could replicate what he had just done, so he opened another bike business in a nearby town, bought the location from under it, and then listed both the business and the attached real estate for sale.
The word spread fast, and A. would sell his businesses for small losses, but more than recoup the money from the lucrative rents attached.
He’s still doing this today, decades later. Creating and franchising businesses to owners, who then agrees to move shops where A. wants them to: at his own locations! I remember this story every time I pass by a McDonald’s, as they have a pretty similar model as well.
(Interesting to note, A. still owns that first location he rented out and the bike business is also still there, now run by the second generation of the family.)
Lesson #4: Money Cannot Be Sitting In The Bank
This is also something I learned from A., as well as most of the other guys. All that A. does today in his holdings is making sure that liabilities are never too low and that money is always available. “I cringe if debt is too low – there must be something wrong!”
But what is really bad according to him is “money simply sitting in the bank.” He says there are 100 reasons to put it to work, and not one to hold onto it. I am not sure he didn’t overdo it there – as I think that holding onto cash can be an intelligent decision too. However, I totally understand why he said that, and that philosophy has worked quite well for him over time.
[Editor’s note: I agree there’s nothing wrong holding onto some cash – not every dollar always needs to be maximized! They all have their own place in the equation….]
Most of the guys I interviewed told me that money is not made to stack up. “You can stack it at the top but it will vanish from the bottom” one of the millionaires said. These guys all lived through high inflation periods, so even those making more money than they could spend understand the power of inflation.
Lesson #5: Working For Someone Else Won’t Do The Trick
The only guy I interviewed who still worked for someone else was a banker. Yet, he had so many investments and had invested for so long that he could barely keep track of them all. When I asked him why he hasn’t left yet when he obviously can, he said “I like working at the bank, that is why I never quit. Plus, the benefits are great!”
He’s following lesson #2 :-)
All the other guys I interviewed, however, had businesses of their own. Though to be fair, finding millionaire employees would have been way more complicated to find so I didn’t even try – thinking I wouldn’t find many anyways. At the end of the day, most of the millionaires told me that they would have never accumulated so much wealth working for somebody else.
Manuel was the biggest advocate of self-employment among the 19. “I did $100k in one month, and almost $1 million total that year (this was probably in the 90s – my notes fall short on this, sorry!). Tell me a job where I could make that much? I only worked for somebody else when I was 14. I realized that it wasn’t for me when I had to deliver the profits at the end of the day and be given only a small portion of it. That made no sense to me…”
“Working for yourself is the best thing you can do. No boss, no rules and no limits.” Manuel went on to say. He even told me he “felt sorry” for some of his employees because they’ll never truly understand how much better off they’d be going out on their own.
I personally still work for a university where I do research part-time, so I see the merits of working for someone else, especially in what pertains to safety and comfort. However, I want to work entirely for myself after March 2018. My real estate portfolio should yield enough money to employ me by then :)
(Editor’s Note: I have to disagree here. While it may take longer getting wealthy working for someone else, it’s still very much do-able. Check out this 401(k) millionaire! You also have to keep in mind that not everyone has the personality or would be GOOD at running their own business. It takes a certain personality, along with a whole lot of risk. So if you know yourself well enough that a 9-5 is the place for you to be, then keep on rockin’ it and continue doing your thing. Self-employment can be amazing, but it’s not for everyone (nor is it the only path).)
Lesson #6: Educate Yourself Financially… and on Everything Else!
The first step I took towards becoming financially independent was educating myself by reading tons of books on personal finance. It surprised me that most of the millionaires I interviewed didn’t know who Robert Kiyosaki was (whose quote, “If you want to go somewhere, it is best to find someone who has already been there” led me to interview these people in the first place!), or even who Warren Buffett was.
Side note: If you haven’t yet, you should read Rich Dad Poor Dad by Robert Kiyosaki, or check out my own Rich Dad Poor Dad summary!
But it’s obvious they educated themselves financially in other ways, like by reading the newspaper every day and learning through their own businesses on how to negotiate, make more money and ultimately scale. Most of them learned through trial and error.
I also noticed how most of them were really curious about how things worked in general. One asked me “How much do you think this café makes every year?” as we were sitting there in it. I didn’t know the answer, and neither did he (he was just trying to take an educated guess and fostering discussion) but it showed how his brain worked. During another interview, the guy started asking me so many questions about my own job that it seemed like I was the one being interviewed!
So basically, knowledge is key. And it seems that the rich understands this like nobody else.
I’m in the process of writing a big book on all these notes I’ve collected over the interviews, and if you’d like to be alerted when it comes out, be sure to sign up to my blog. It will include parts of all my interviews and many more lessons that I haven’t put here.
Hope you’ve enjoyed the article!
******** Ben blogs at FromCentsToRetirement.com and covers everything from investing to real estate to how to be a great landlord. He’s also published a book on early retirement titled, My strategy to retire early: My journey to become financially independent and retire in my early 30s.
What I Learned From Interviewing 19 Millionaires published first on http://ift.tt/2ljLF4B
0 notes
fesahaawit · 7 years
Text
What I Learned From Interviewing 19 Millionaires
[Hey guys! Welcome Benjamin Davis from FromCentsToRetirement.com to the blog today. He’s been on an interesting journey lately hanging out with millionaires, and stops by to share some insight :) What a great way to soak up some knowledge, eh? Only costs you a cup of coffee!]
********
While doing my PhD in Germany, I developed CFS/adrenal fatigue and I feared I could not work for much longer. I didn’t know much about finances or investing at the time – I had only invested in the stock market for a few years using very simple strategies.
Therefore, I decided to educate myself financially, reading over 100 books on personal finance and investing in general. I did a few projections and I set the goal to retire by the age of 33 in Portugal (I literally live where people vacation!), and today I am well on track to do so, primarily through real estate.
As I educated myself, I decided that I needed a mentor. And I figured I would look for one in the area I wanted to retire in – mid-east Portugal, Europe.
If you’ve ever tried to get a mentor yourself, you know how difficult it can be at times. I asked many people whether they wanted to teach me how to get rich doing the same thing they did, but the answer came back negative over and over again. Until one person said:
Well I don’t have time for that, but I can tell you my story, maybe you’ll learn from it?
To this day I still remember how my brain started connecting the dots right then and there! I quickly shot back, “you’ve got time today?” and that was the beginning of something remarkable.
I went on to interview 19 self-made millionaires and multi-millionaires who taught me more than they’d ever know.  I would invite them for a coffee, take out my notebook, and then ask them to tell me their stories. I would take notes like a professional reporter.
Finding them was a nightmare, however. At times I felt like I was wasting my time, and at others I felt like I had won the lottery and was learning things I would never have learned if I hadn’t talked to them.
I had all sorts of people interviewed. From cocky to humble, bankers to farmers. You’d expect to find a pattern in how they looked, but I didn’t. Some were dressed up, others looked close to homeless. Only a few told me their actual net-worth, but all of them, probably unconsciously, told me things that were instrumental for my own journey to wealth.
In this article, I will summarize 6 lessons I learned from them. I hope you can relate to them, and even more importantly I hope you apply some of them to your own life.
Lesson #1: Life Is About Way More Than Money
Antonio wanted to get rich desperately. He wanted to show his father how capable he was. He never told me what his father said that hurt him so much, but I could sense some revenge in the way he talked. He wanted to prove a point.
He told me his biggest mistake in life was barely living at all: “I barely had a life until today. I could never enjoy a dinner with my family or my wife’s cake. I could never stop thinking about improving my business and making more money. Even today, it seems that I don’t have enough – and that leaves me nervous.”
Antonio has a medium-sized retail business, which sells farming machinery. Back in the day, he used to run from small village to small village in order to find local farmers who would buy his equipment. Today, he stays at the business and sends his workforce to work. He looks like a concertmaster coordinating an orchestra.
He pays attention to every detail and has a huge hand-written database of clients and their needs. “This is worth gold” he told me, regarding his small notebook he started writing in long before e-mail was a thing. This guys knows marketing and the value of keeping a big record of clients, I thought.
The biggest lesson I learned from Antonio was that, even if it seems like it, life ain’t about the money. Not always, at least. Antonio ended up developing an inability to feel good when achieving something. He’s always wanting more. Even now that his business has expanded into 6 cities, he’s not satisfied. He never will be.
Lesson #2: Do What You Love, and The Money Will Come
Jose told me he never thought he could become a multi-millionaire selling tiles. “I never thought anyone could make a decent living doing this, even though I always loved home renovation and tiles.”
(If you’re thinking this is a strange thing to love, btw, know that Portugal has a history with tiles, bricks and stones. If you ever visit Lisbon you’ll understand why!)
“I wanted to become rich, so I started multiple businesses. I would move from business to business, looking for one that was really profitable, until I started selling homes.” But Jose never really made significant money selling homes. “The market was always very volatile, and crashes were terrible for us. This is not London or New York – it is a small city with a small market.”
A prospective buyer once told Jose he would buy the home he showed him, but only if he could find someone to renovate it for him on the cheap. He didn’t like the tiles in the kitchen and in the bathroom, but Jose knew no one he could refer to.
“I remember looking for days, asking all the other brokers in the company, but no one knew any business doing that.” Eventually that led to Jose setting up his own renovation business, and he started buying tiles in massive amounts for not only his own business but for other contractors too. Contractors who normally buy tiles in bigger cities, like Porto. It was a costly and slow process, but Jose saw an opportunity and jumped on it – eventually making more money on the tiles themselves than all the renovations!
He finally gave up the renovation business and focused solely on what he loved the most – selling tiles. Which eventually made a multi-millionaire. “Whenever anyone asks me what I do, I very proudly say that I sell tiles!”
Lesson #3: Taking Risks Is a Part of Wealth Building
“I mortgaged my house and I didn’t tell my wife. She would have had killed me if she knew!” I cannot name the guy who told me this as part of our agreement (he said I was the only one he ever told!), but for the sake of this article, I will call him “A.” A. was definitely the richest guy I interviewed, even though he didn’t reveal how much his net worth was. (He also didn’t pay for the coffees either. :-))
A. had a wonderful life. He had “the most beautiful girl in town!” and owned two paid-off homes by the age of 25 (and this was about 50 years ago. “No one had a house back then – only the rich!”) I asked him whether he was rich then, and he told me that he only became rich later on – after risking his two homes in a matter of months.
The story goes that this guy use to run a bike business. Back then, bikes were a true luxury and not many people had them. He would fix and sell bikes for the rich, but he “would never become one in the bike business.” Eventually, the real estate where he had his business was listed for sale. He decided to mortgage his home to buy it.
“It was not a smart move at first – my rent was fairly low so it didn’t make sense. I was starving for wealth – it was an impulse buy.” But a few months later, when he sold his business, he became highly aware of the value of that piece of real estate. “The guy who bought my business didn’t want to pay me dividends as part of our agreement, so instead I charged him a higher rent on the property I still owned – and he accepted!”
A. eventually realized he could replicate what he had just done, so he opened another bike business in a nearby town, bought the location from under it, and then listed both the business and the attached real estate for sale.
The word spread fast, and A. would sell his businesses for small losses, but more than recoup the money from the lucrative rents attached.
He’s still doing this today, decades later. Creating and franchising businesses to owners, who then agrees to move shops where A. wants them to: at his own locations! I remember this story every time I pass by a McDonald’s, as they have a pretty similar model as well.
(Interesting to note, A. still owns that first location he rented out and the bike business is also still there, now run by the second generation of the family.)
Lesson #4: Money Cannot Be Sitting In The Bank
This is also something I learned from A., as well as most of the other guys. All that A. does today in his holdings is making sure that liabilities are never too low and that money is always available. “I cringe if debt is too low – there must be something wrong!”
But what is really bad according to him is “money simply sitting in the bank.” He says there are 100 reasons to put it to work, and not one to hold onto it. I am not sure he didn’t overdo it there – as I think that holding onto cash can be an intelligent decision too. However, I totally understand why he said that, and that philosophy has worked quite well for him over time.
[Editor’s note: I agree there’s nothing wrong holding onto some cash – not every dollar always needs to be maximized! They all have their own place in the equation….]
Most of the guys I interviewed told me that money is not made to stack up. “You can stack it at the top but it will vanish from the bottom” one of the millionaires said. These guys all lived through high inflation periods, so even those making more money than they could spend understand the power of inflation.
Lesson #5: Working For Someone Else Won’t Do The Trick
The only guy I interviewed who still worked for someone else was a banker. Yet, he had so many investments and had invested for so long that he could barely keep track of them all. When I asked him why he hasn’t left yet when he obviously can, he said “I like working at the bank, that is why I never quit. Plus, the benefits are great!”
He’s following lesson #2 :-)
All the other guys I interviewed, however, had businesses of their own. Though to be fair, finding millionaire employees would have been way more complicated to find so I didn’t even try – thinking I wouldn’t find many anyways. At the end of the day, most of the millionaires told me that they would have never accumulated so much wealth working for somebody else.
Manuel was the biggest advocate of self-employment among the 19. “I did $100k in one month, and almost $1 million total that year (this was probably in the 90s – my notes fall short on this, sorry!). Tell me a job where I could make that much? I only worked for somebody else when I was 14. I realized that it wasn’t for me when I had to deliver the profits at the end of the day and be given only a small portion of it. That made no sense to me…”
“Working for yourself is the best thing you can do. No boss, no rules and no limits.” Manuel went on to say. He even told me he “felt sorry” for some of his employees because they’ll never truly understand how much better off they’d be going out on their own.
I personally still work for a university where I do research part-time, so I see the merits of working for someone else, especially in what pertains to safety and comfort. However, I want to work entirely for myself after March 2018. My real estate portfolio should yield enough money to employ me by then :)
(Editor’s Note: I have to disagree here. While it may take longer getting wealthy working for someone else, it’s still very much do-able. Check out this 401(k) millionaire! You also have to keep in mind that not everyone has the personality or would be GOOD at running their own business. It takes a certain personality, along with a whole lot of risk. So if you know yourself well enough that a 9-5 is the place for you to be, then keep on rockin’ it and continue doing your thing. Self-employment can be amazing, but it’s not for everyone (nor is it the only path).)
Lesson #6: Educate Yourself Financially… and on Everything Else!
The first step I took towards becoming financially independent was educating myself by reading tons of books on personal finance. It surprised me that most of the millionaires I interviewed didn’t know who Robert Kiyosaki was (whose quote, “If you want to go somewhere, it is best to find someone who has already been there” led me to interview these people in the first place!), or even who Warren Buffett was.
Side note: If you haven’t yet, you should read Rich Dad Poor Dad by Robert Kiyosaki, or check out my own Rich Dad Poor Dad summary!
But it’s obvious they educated themselves financially in other ways, like by reading the newspaper every day and learning through their own businesses on how to negotiate, make more money and ultimately scale. Most of them learned through trial and error.
I also noticed how most of them were really curious about how things worked in general. One asked me “How much do you think this café makes every year?” as we were sitting there in it. I didn’t know the answer, and neither did he (he was just trying to take an educated guess and fostering discussion) but it showed how his brain worked. During another interview, the guy started asking me so many questions about my own job that it seemed like I was the one being interviewed!
So basically, knowledge is key. And it seems that the rich understands this like nobody else.
I’m in the process of writing a big book on all these notes I’ve collected over the interviews, and if you’d like to be alerted when it comes out, be sure to sign up to my blog. It will include parts of all my interviews and many more lessons that I haven’t put here.
Hope you’ve enjoyed the article!
******** Ben blogs at FromCentsToRetirement.com and covers everything from investing to real estate to how to be a great landlord. He’s also published a book on early retirement titled, My strategy to retire early: My journey to become financially independent and retire in my early 30s.
What I Learned From Interviewing 19 Millionaires posted first on http://ift.tt/2lnwIdQ
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Info About Portugal
Portugal has a proud background as one of Europe's old guard elite, which can be really felt in its historical castles and also honored university towns. It has actually an old made beauty that infuses throughout the nation and also a feeling of adventure that goes to the heart of this life charm of old. Not the alternative holiday destination for discerning travelers, wanting to prevent the stuffed beaches of Spain and also the Greek Islands, Portugal has currently become a holiday Mecca in its own right as well as the Algarve is currently as popular as anywhere for sunlight, sand and also sangria. In claiming that, there is still plenty of enigma to discover in Portugal if you can simply go beyond its southerly coast line. Its historical funding Lisbon as an example, which when visited is always remembered. An enchanting mix of love, laid back bohemia, luxury, and an unbelievable night life. The city is awash with World Heritage architecture displaying the absolutely awesome verve of Portuguese ability throughout its creative past. It is a city that inebriateds with its motivating scenic views and lovely 18th century alleyways and squares. It teems with art and also history as well as is an area that discloses itself over and over like the rainbow multi split mosaic tapestries that decorate its open locations. Porto, is Portugal's 2nd city and is a depository for any individual looking to appreciate its historic architecture. It is a city with a soul all its own. With a middle ages quarter that is a Globe Heritage site and a huge selection of cultural landmarks, which helped to display Porto as European Funding of Culture in 2001. Its gorgeous parks as well as squares, fantastic food as well as globe distinguished wine make it a city to be thoroughly discovered and also taken pleasure in by any individual seeking the opposite of Portugal. Portugal likewise shows its classical times in its middle ages towns that are scattered throughout the country. The town is an enchanting action back in time as well as a picture best monolith of old Portugal. When traveling though Portugal, one frequently obtains the feeling of fantastic austerity originating from the substantial riches amounted in the 'Wonderful Age Of Discovery'. Much of that money was spent constructing up a country that could match any on the planet for architectural grand styles. Portugal is in trouble monetarily and also is continually obtaining cash at greater and also greater passion prices, without the ways to pay off the financial obligation or change the practices of the job pressure. One point is for sure, there are real troubles at the heart of Portugal's funds as well as the recent bailout is mostly seen as simply connecting the leak and rather perhaps not a lengthy term option. So exactly how does this impact those wanting to purchase a piece of Portuguese property? Well, in lots of methods this can be considereded as a positive as experts currently really feel that the real estate market, that has shed some 30% of its worth in the last couple of years, has now leveled out and also began to stabilize with the assistance of the bailout. This stays to be seen, but that Portugal with its amazing climate and coast line, abundant background and also initial class facilities, plus a good rate of borrowing for non resident customers, currently between 3 to 4% which is much better than acquiring in the UK, still makes it as an appealing an area as ever before to the international purchaser. Click This Link When beginning to check out house rates it is still feasible to buy old country Portual realty seeking complete reconstruction for as little as EUR15,000. Obviously the actual price of living in a residential property such as this would be a lot higher once building work as well as products have actually been taken into factor to consider, but also for any individual who feels comfy collaborating with restorations this can still be an inexpensive way to possess your desire residence. If all that job sounds like too much for you and also you are looking for a place on the coast that is finished and also crucial ready on a budget, then you might take into consideration "Fractional Ownership". This could work for those that are looking for the perfect location that they can holiday in and also obtain funding gratitude without the bigger investment as well as obligation of an outright acquisition. If your looking for a straight-out acquisition that is crucial all set you could locate inexpensive country residences for as little as EUR35,000 upwards. Depending on place and luxury rates vary greatly, yet you can discover a real bargain now in Portugal if you are patient and also quest around. Once you have actually discovered the location you desire to purchase in, the initial thing to do is to locate a relied on estate agent. This is vital, to make sure that you understand specifically just what you are getting. Non Portuguese people could acquire without restrictions yet it is necessary that an excellent English speaking lawyer is located, as they will certainly be main in guiding you with the procedure, whilst directing you away from any kind of possible shortcomings in the sale deal.
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A guide to property investment in North Portugal
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The Região Norte or Northern Portugal is the most populated region of the country. The Houses and apartments in North Portugal for sale are not luxurious homes but practical apartments where you can live in. The region of Norte Portugal has a varied cultural heritage. The region has dense vegetation outside of the urban areas and is of historical significance as many ancient civilizations had links to the area.
Viana do Castelo is a densely populated municipality in North Portugal, and Povoa de Varzim is a city in the sub-region of Porto. Both are thriving locations of real estate in Portugal as people constantly look for Property for sale Povoa de Varzim and Viana do Castelo Real Estate represents the property business in the country as a whole.
The following points need to be remembered with regard to property investment in Portugal:
1.      Business opportunity
Real estate in Portugal is a thriving industry and has promise if you are looking for business opportunity in the country. The quaint charm or a predominantly rural country is sustained in the traditional architecture of apartments and luxury villas. If the real estate is your choice of business, you can focus on the practical necessities of people living in the country or the luxury essentials of villas and holiday homes.
2.      Local residence
The local residence is the way to go in case you plan on living in the country for a longer period of time. Students and businessmen in the country may need to live for a longer period and in such a scenario, seeking permanent and practical living quarters is the best option. The populated urban areas of North Portugal are popular spots wherein to seek residence.
3.      Better to buy
While renting is a good option in Portugal, it is only feasible in case you need to stay in the country for a short period of time. Buying property is the cheaper and more convenient option in case you have to live in Portugal for a sustained amount of time.
4.      Owning foreign land
Owning foreign land in Portugal is not forbidden, and people from outside the country living there can purchase property and partake in the real estate industry.
5.      Personal Fiscal Number
Getting a Personal Fiscal Number is essential if you have to stay in Portugal for long. Local tax offices can give you your Fiscal Number, or you could receive it automatically on creating a personal bank account. Living in Portugal and dabbling in real estate is bound to involve financial transactions and the Fiscal Number helps with these exchanges.
Real Estate in North Portugal is a good investment for long-term plans to live in the country.
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luximos-blog · 7 years
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Buy villas to acquire stress free accommodation in Portugal
Some serious considerations ought to keep in your mind while you are going to purchase property for finding the pleasure of ownership. Buying the land is not common bargaining process because concerned person should have to give the equal weight to all economical key aspects. It may be ranging from the high return of investment, future growth of career and job opportunities to smooth connection of roadway. So, there should not be any problem to commute from residential to commercial and vice versa.  Land is the valuable assets that give high support to fetch the liquidity value. There is no doubt that property is one of the potential investments that have done even before. So, an individual should have to take the full enquiry that where they should have to take this service.
As per the economical survey, buying the land token is always the good bargain in the tourist and sightseeing place. If you want to see this attribute to attract the customers for temporary accommodation, then purchasing the land and ready to move apartments are the best option.  There are various cities where you can get the posh area to live in the salubrious environment. All potential customers get one intention in their mind that they can find the real estate apartment with adequate facility.  So, they would have to take the accurate information regarding to purchase the apartment. In addition to this, they need the apartment to sale it to needy customers.
Such kind of information can be taken the comprehensive knowledge of reality broker. They are well aware of this fact that what is going in current market and economic scenario.  If you want to discover the Real Estate Douro agent to select the most appropriate land pieces, you do not to be worry. Solution of all problems will be available on the internet arcade. This is the reason that you should have to search according to your own way for getting the best result. Throwing the broad query on Web Ocean, you will come in the contact of million reality organizations.  It is choice of the potential investor that which one is suitable for catering their demand.
The benefits of selecting the best real estate broker are that they provide Luxury estate Porto.  With the inclusion of luxury feature in your residential venue, there is very rare possibility to get in touch of any imperfection. Now, you should have to end your waiting hours and stay at one independent company.  Our reality based organization in Portugal and completing the demand of various customers.  It does not matter that customers have selected us for getting the ownership and better value over their invested monetary value.
It is hard for someone to wait for their premise after the construction works get complete. Through linked with their reality expert, you can get privilege to Buy villas in Portugal. Here, you can customize everything. To know more information, you have to browse their web portal.
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heliosfinance · 7 years
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What I Learned From Interviewing 19 Millionaires
[Hey guys! Welcome Benjamin Davis from FromCentsToRetirement.com to the blog today. He’s been on an interesting journey lately hanging out with millionaires, and stops by to share some insight :) What a great way to soak up some knowledge, eh? Only costs you a cup of coffee!]
********
While doing my PhD in Germany, I developed CFS/adrenal fatigue and I feared I could not work for much longer. I didn’t know much about finances or investing at the time – I had only invested in the stock market for a few years using very simple strategies.
Therefore, I decided to educate myself financially, reading over 100 books on personal finance and investing in general. I did a few projections and I set the goal to retire by the age of 33 in Portugal (I literally live where people vacation!), and today I am well on track to do so, primarily through real estate.
As I educated myself, I decided that I needed a mentor. And I figured I would look for one in the area I wanted to retire in – mid-east Portugal, Europe.
If you’ve ever tried to get a mentor yourself, you know how difficult it can be at times. I asked many people whether they wanted to teach me how to get rich doing the same thing they did, but the answer came back negative over and over again. Until one person said:
Well I don’t have time for that, but I can tell you my story, maybe you’ll learn from it?
To this day I still remember how my brain started connecting the dots right then and there! I quickly shot back, “you’ve got time today?” and that was the beginning of something remarkable.
I went on to interview 19 self-made millionaires and multi-millionaires who taught me more than they’d ever know.  I would invite them for a coffee, take out my notebook, and then ask them to tell me their stories. I would take notes like a professional reporter.
Finding them was a nightmare, however. At times I felt like I was wasting my time, and at others I felt like I had won the lottery and was learning things I would never have learned if I hadn’t talked to them.
I had all sorts of people interviewed. From cocky to humble, bankers to farmers. You’d expect to find a pattern in how they looked, but I didn’t. Some were dressed up, others looked close to homeless. Only a few told me their actual net-worth, but all of them, probably unconsciously, told me things that were instrumental for my own journey to wealth.
In this article, I will summarize 6 lessons I learned from them. I hope you can relate to them, and even more importantly I hope you apply some of them to your own life.
Lesson #1: Life Is About Way More Than Money
Antonio wanted to get rich desperately. He wanted to show his father how capable he was. He never told me what his father said that hurt him so much, but I could sense some revenge in the way he talked. He wanted to prove a point.
He told me his biggest mistake in life was barely living at all: “I barely had a life until today. I could never enjoy a dinner with my family or my wife’s cake. I could never stop thinking about improving my business and making more money. Even today, it seems that I don’t have enough – and that leaves me nervous.”
Antonio has a medium-sized retail business, which sells farming machinery. Back in the day, he used to run from small village to small village in order to find local farmers who would buy his equipment. Today, he stays at the business and sends his workforce to work. He looks like a concertmaster coordinating an orchestra.
He pays attention to every detail and has a huge hand-written database of clients and their needs. “This is worth gold” he told me, regarding his small notebook he started writing in long before e-mail was a thing. This guys knows marketing and the value of keeping a big record of clients, I thought.
The biggest lesson I learned from Antonio was that, even if it seems like it, life ain’t about the money. Not always, at least. Antonio ended up developing an inability to feel good when achieving something. He’s always wanting more. Even now that his business has expanded into 6 cities, he’s not satisfied. He never will be.
Lesson #2: Do What You Love, and The Money Will Come
Jose told me he never thought he could become a multi-millionaire selling tiles. “I never thought anyone could make a decent living doing this, even though I always loved home renovation and tiles.”
(If you’re thinking this is a strange thing to love, btw, know that Portugal has a history with tiles, bricks and stones. If you ever visit Lisbon you’ll understand why!)
“I wanted to become rich, so I started multiple businesses. I would move from business to business, looking for one that was really profitable, until I started selling homes.” But Jose never really made significant money selling homes. “The market was always very volatile, and crashes were terrible for us. This is not London or New York – it is a small city with a small market.”
A prospective buyer once told Jose he would buy the home he showed him, but only if he could find someone to renovate it for him on the cheap. He didn’t like the tiles in the kitchen and in the bathroom, but Jose knew no one he could refer to.
“I remember looking for days, asking all the other brokers in the company, but no one knew any business doing that.” Eventually that led to Jose setting up his own renovation business, and he started buying tiles in massive amounts for not only his own business but for other contractors too. Contractors who normally buy tiles in bigger cities, like Porto. It was a costly and slow process, but Jose saw an opportunity and jumped on it – eventually making more money on the tiles themselves than all the renovations!
He finally gave up the renovation business and focused solely on what he loved the most – selling tiles. Which eventually made a multi-millionaire. “Whenever anyone asks me what I do, I very proudly say that I sell tiles!”
Lesson #3: Taking Risks Is a Part of Wealth Building
“I mortgaged my house and I didn’t tell my wife. She would have had killed me if she knew!” I cannot name the guy who told me this as part of our agreement (he said I was the only one he ever told!), but for the sake of this article, I will call him “A.” A. was definitely the richest guy I interviewed, even though he didn’t reveal how much his net worth was. (He also didn’t pay for the coffees either. :-))
A. had a wonderful life. He had “the most beautiful girl in town!” and owned two paid-off homes by the age of 25 (and this was about 50 years ago. “No one had a house back then – only the rich!”) I asked him whether he was rich then, and he told me that he only became rich later on – after risking his two homes in a matter of months.
The story goes that this guy use to run a bike business. Back then, bikes were a true luxury and not many people had them. He would fix and sell bikes for the rich, but he “would never become one in the bike business.” Eventually, the real estate where he had his business was listed for sale. He decided to mortgage his home to buy it.
“It was not a smart move at first – my rent was fairly low so it didn’t make sense. I was starving for wealth – it was an impulse buy.” But a few months later, when he sold his business, he became highly aware of the value of that piece of real estate. “The guy who bought my business didn’t want to pay me dividends as part of our agreement, so instead I charged him a higher rent on the property I still owned – and he accepted!”
A. eventually realized he could replicate what he had just done, so he opened another bike business in a nearby town, bought the location from under it, and then listed both the business and the attached real estate for sale.
The word spread fast, and A. would sell his businesses for small losses, but more than recoup the money from the lucrative rents attached.
He’s still doing this today, decades later. Creating and franchising businesses to owners, who then agrees to move shops where A. wants them to: at his own locations! I remember this story every time I pass by a McDonald’s, as they have a pretty similar model as well.
(Interesting to note, A. still owns that first location he rented out and the bike business is also still there, now run by the second generation of the family.)
Lesson #4: Money Cannot Be Sitting In The Bank
This is also something I learned from A., as well as most of the other guys. All that A. does today in his holdings is making sure that liabilities are never too low and that money is always available. “I cringe if debt is too low – there must be something wrong!”
But what is really bad according to him is “money simply sitting in the bank.” He says there are 100 reasons to put it to work, and not one to hold onto it. I am not sure he didn’t overdo it there – as I think that holding onto cash can be an intelligent decision too. However, I totally understand why he said that, and that philosophy has worked quite well for him over time.
[Editor’s note: I agree there’s nothing wrong holding onto some cash – not every dollar always needs to be maximized! They all have their own place in the equation….]
Most of the guys I interviewed told me that money is not made to stack up. “You can stack it at the top but it will vanish from the bottom” one of the millionaires said. These guys all lived through high inflation periods, so even those making more money than they could spend understand the power of inflation.
Lesson #5: Working For Someone Else Won’t Do The Trick
The only guy I interviewed who still worked for someone else was a banker. Yet, he had so many investments and had invested for so long that he could barely keep track of them all. When I asked him why he hasn’t left yet when he obviously can, he said “I like working at the bank, that is why I never quit. Plus, the benefits are great!”
He’s following lesson #2 :-)
All the other guys I interviewed, however, had businesses of their own. Though to be fair, finding millionaire employees would have been way more complicated to find so I didn’t even try – thinking I wouldn’t find many anyways. At the end of the day, most of the millionaires told me that they would have never accumulated so much wealth working for somebody else.
Manuel was the biggest advocate of self-employment among the 19. “I did $100k in one month, and almost $1 million total that year (this was probably in the 90s – my notes fall short on this, sorry!). Tell me a job where I could make that much? I only worked for somebody else when I was 14. I realized that it wasn’t for me when I had to deliver the profits at the end of the day and be given only a small portion of it. That made no sense to me…”
“Working for yourself is the best thing you can do. No boss, no rules and no limits.” Manuel went on to say. He even told me he “felt sorry” for some of his employees because they’ll never truly understand how much better off they’d be going out on their own.
I personally still work for a university where I do research part-time, so I see the merits of working for someone else, especially in what pertains to safety and comfort. However, I want to work entirely for myself after March 2018. My real estate portfolio should yield enough money to employ me by then :)
(Editor’s Note: I have to disagree here. While it may take longer getting wealthy working for someone else, it’s still very much do-able. Check out this 401(k) millionaire! You also have to keep in mind that not everyone has the personality or would be GOOD at running their own business. It takes a certain personality, along with a whole lot of risk. So if you know yourself well enough that a 9-5 is the place for you to be, then keep on rockin’ it and continue doing your thing. Self-employment can be amazing, but it’s not for everyone (nor is it the only path).)
Lesson #6: Educate Yourself Financially… and on Everything Else!
The first step I took towards becoming financially independent was educating myself by reading tons of books on personal finance. It surprised me that most of the millionaires I interviewed didn’t know who Robert Kiyosaki was (whose quote, “If you want to go somewhere, it is best to find someone who has already been there” led me to interview these people in the first place!), or even who Warren Buffett was.
Side note: If you haven’t yet, you should read Rich Dad Poor Dad by Robert Kiyosaki, or check out my own Rich Dad Poor Dad summary!
But it’s obvious they educated themselves financially in other ways, like by reading the newspaper every day and learning through their own businesses on how to negotiate, make more money and ultimately scale. Most of them learned through trial and error.
I also noticed how most of them were really curious about how things worked in general. One asked me “How much do you think this café makes every year?” as we were sitting there in it. I didn’t know the answer, and neither did he (he was just trying to take an educated guess and fostering discussion) but it showed how his brain worked. During another interview, the guy started asking me so many questions about my own job that it seemed like I was the one being interviewed!
So basically, knowledge is key. And it seems that the rich understands this like nobody else.
I’m in the process of writing a big book on all these notes I’ve collected over the interviews, and if you’d like to be alerted when it comes out, be sure to sign up to my blog. It will include parts of all my interviews and many more lessons that I haven’t put here.
Hope you’ve enjoyed the article!
******** Ben blogs at FromCentsToRetirement.com and covers everything from investing to real estate to how to be a great landlord. He’s also published a book on early retirement titled, My strategy to retire early: My journey to become financially independent and retire in my early 30s.
What I Learned From Interviewing 19 Millionaires published first on http://ift.tt/2ljLF4B
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