Seize Your Opportunities
| January 16, 2008 | Posted by Roshawn Watson under Uncategorized |
By: Roshawn Watson
It is so interesting how two people can see a situation so differently. For example, one person can look at the subprime mortgage crisis and say “oh my, what is going to happen to the value of my home.” In contrast, David Bach, Warren Buffet, and Donald Trump all say it is a fabulous time to get into real estate. Similarly, one person may look at the looming recession and say “what am I going to do” while their neighbor is launching an idea that will provide thousands of jobs.
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Someone very dear to me recently purchased a car. Like me, she is on the 100% down plan, so she simply transferred money from her emergency fund to cover the expense. Consequently (because she paid cash), she was able to broker a fabulous deal, getting the car for well below Kelley Blue Book value. Upon inquiry, she discovered that the car had been repossessed and that the dealer had purchased the vehicle at a very discounted price.
Her previous car was wrecked, but she replaced it in essentially no time. In fact, she upgraded. This is part of a recurring theme: financial turbulence can be a part of normal life, but you can position yourself to seize the opportunities these challenges may mask. Let me assure you, people are creating fortunes as I write this. The key question is will you be one of them.
A major deciding factor is how we view problems: insurmountable obstacles versus golden opportunities, a chance for growth or for loss. In the Wealthy Create Luck, we discussed how luck will not come unless you take action: do something, buy something, or start something!
Financial provision is merely a reward for solving a problem. Currents of favor flow towards you when you solve a problem for someone. As you are reading or watching the news, purpose in your heart to be a problem solver.
Final Note: Recently, I was in the airport watching Collateral. Tom Cruise plays a hit man named Vincent. He hires a NY taxi driver named Max (Jamie Foxx), to chauffeur him all night, as he completes his hits. At the beginning of the film, Vincent inquisitively asked whether Max liked being a taxi driver. Max’s response was this is “just temporary, while I am getting things together.” Then, Vincent asked how long Max had been a taxi driver. Max replied “12 years.” So often we stall in the name of preparation. Don’t lose so much time “preparing” for opportunities, that you eventually lose them to the person who conquered their fears. In short, don’t let stalling cost you a fortune.
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I liked your post :)Would like to see more like it !!
yeah, i agree, recently suggested a friend of mine went on house hunting bonanza. Heard someone brought over 10 properties altogether in a few auctions, there is even privileged few that managed to break a deal with local bank that got the best deal before the auction. Now it's great time to get into forex market [when you know something is going to crash, then let it].
Eric, I just wanted to say thanks for the comment. That's very encouraging.Anonymous, your comment is so insightful… "when you know something is going to crash, then let it." It is doing turbulent financial times, such as these that fortunes are generated (i.e. Rockefeller) amongst many others. Both the subprime crisis and possible recession were not unforeseeable (people have been talking about them for at least 3 years). It's weird, when interest rates are so low, where do people expect for them to go?