Balancing Life and Real Estate – Lessons from My Dad

Growing up, I was fortunate to have a father and mentor who embodied old-school values and toughness. My dad believed in never spending money you didn't have on things you couldn't afford, a principle he lived by diligently. In contrast, my mentor valued moderation and the idea of sewing first and hoping for a good harvest. I remember being concerned when my dad bought his first new car, worried he might have stolen it because we were seemingly poor. But he didn’t steal it; he bought it with cash after years of hard work and saving. Here are the key rules that they taught me:

1. Save every dollar, but have some fun: Enjoy occasional treats but avoid squandering money.
2. Work hard: If needed, take on a second job and save the extra earnings.
3. Learn about compounding interest: Understand how your money can grow over time.
4. Leverage: Use others' time, knowledge, or equity to your advantage. Learn from their mistakes.
5. Work smarter, not harder: Employ strategies that save effort and increase efficiency.
6. Buying a home as a savings scheme: Ensure you can afford the payments and look to add value to your property.
7. Calculated leverage: Use assets wisely and avoid impulsive decisions. “A fool and his money are soon parted." 

Balance is a fallacy; do what is necessary to achieve your goals, provided it is legal, moral, and ethical. Ensure your team understands your vision, supports you, and that your actions contribute to a bigger picture beyond just yourself. Selfishness often leads to unhappiness. 

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