Money Doesn't Make You Rich...

Just tonight, I posted that same phrase on my facebook account (which you can add me at by clicking HERE).

And it made me think about the people that win the lottery and have a hard time choosing "to be rich". Here, they have just become instant millionaires (even after the government's LARGE and UNEARNED share is taken out) and they don't know if they'll quit the job that is the VERYYYYY reason they're poor in the first place.

And on top of the thought of them NOT quitting their job, the most logical answers when asked what will you do with the money are: Buy a new car (liability), buy a new big house (liability), buy a boat (liability).

I dont have a full and complete plan yet, but I have about a 90% done rough-draft of what I'd buy and what I'd do in a situation like that. First, I'd secure my present assets. By secure, I mean, put everything either in my home or in a storage facility temporarily. I'd lock it up for a month or so. Compensate someone you can trust for visiting your home and keeping an eye on it for me. Pay all the reoccurring monthly bills in full + one month in advance (mortgage, taxes, insurance, utilities, etc.). Then, I'd put my current real estate investment company on auto-pilot, instructing my employees to run it while I was away.

Next, I'd schedule a vacation to somewhere for acouple of weeks. I'd get a new laptop and/or doodle pad for taking notes. I'd relax. I'd accept no calls, no nothing for 2 weeks from people in my day-to-day life. I'd do nothing but relax with a clear mind. I'd expand on my previously created notes. The one's where I nearly only dreamed of completing someday. I'd put my dreams into action.

I wouldn't think about a Just Over Broke (JOB). I'd think of ways I could acquire some serious assets and make more money, so I'd NEVER have to reconsider a JOB again.


Just my two-cents, though.


Tim Kaufman

Real Estate Auctions

With my 2+ Years of Experience in the Real Estate Investment field, it is my experience that real estate auctions, such as Cotten Auctions for the Central Illinois region, is the best and most profitable way to purchase a home.

For starters, little to no closing costs (for the buyer; the closings costs are typically paid for by the seller of the property), which immediately saves you several hundred dollars (depending on the amount of the house you bid on).

Next... No REALTOR! Do not get me wrong. I appreciate realtors, because they have a place in the real estate market. But the opportunity to view a home without them, especially for someone with experience in real estate investments, is huge. +++ Did I mention that realtors usually charge for their time?

Nonetheless, I'm not saying that realtors are bad people. I have several friends that are realtors and their knowledge, especially when I first started, was invaluable. But I learned at a young age, not to show "all your cards". Most of my realtors have a hard time determining on their own whether or not I am REALLY interested in a property... and I like to keep it that way. The old saying, "Don't let the left hand know what the right hand is doing..." could apply here. ;)

Nonetheless, I highly value real estate auctions. My first three properties I ever purchased were bought at a real estate auction. I was able to pick them up for under $25k (TOTAL) and they had a collective ROI of 78% (with 2 of the 3, having an ROI of over 92%)

Since when is....

... $150,000 in annual income (+ $500k in assets) considered rich? Seems like this survey shot low in terms of the expectations and broadness of the survey results.

For me personally, I'm under the impression and belief that $1,000,000 is rich. Just my thought. Hence, the name of this blog.


Millionaire Tim :)