For centuries, entrepreneurs have taken resources from different sources and have assembled them to create higher value. Great entrepreneurs like Steve Jobs, Henry Ford and Donald Trump have all understood very clearly how to assemble Money, People and Deals together. The intellectual value that these men brought to their ventures was so great that they built their businesses by using none of their own money; this is the skill of the entrepreneur and the fastest way to wealth. Stefan Aarnio is one of Canada’s leading up and coming Real Estate Entrepreneurs and the 2012 winner of Canadian Real Estate Wealth Magazine’s “Joint Venture Partner of the Year”. Starting with only $1200, Stefan has built a multi million dollar portfolio for his partners and has earned himself a spot on The Self Made List. Stefan has accumulated properties at an alarming pace through his understanding of Real Estate Joint Ventures - The Fastest Way to Real Estate Wealth. Stefan’s philosophy is simple, find great deals, build a fantastic team, pay everybody and create partnerships for life. In his book, Money People Deal, Stefan reveals the secrets he used to build his multi million dollar portfolio by using none of his own money.
Incredible book! I really liked the author’s mindset and the way he looks on life and business. I got a lot of insights from this book about how to see and invest in real estate and fantastic concepts to use in business. Highly recommended book!!!!
Stefan book is practical and I enjoyed his easy open minded style. He's a winner and I love meeting winners. He's a student who's wise enough to realize he's not the whole ball game and employs leverage with cash time and strategic deal partners.
Things my ear picked up on:
It's better to sell one 1k hot dog then one thousand 1 dollar hot dogs Too often we want to own everything entirely by our self. So many investors and entrepreneurs are happier to own a single grape then half a watermelon. Those who fail to pay for success rarely see it War is business and business is war Joint venture money Time is the only currency in life All wealth originates in the mind All I want is all you are A wide arsenal of credit cards In business or real estate we always run out of money In stocks insider information is illegal in real estate it's essential People with money know people with money Earn cash and brand equity Protect money and it will protect you Focus brings clarity to the mind Pressure makes diamonds but it can also crush people Failure is the essence of life Life becomes very easy when we can find ways to win from failure especially when we can monetize these situations Law of certainty Certain things done in a certain way will achieve certain results certainly The best deals are created not bought Real estate is broken into markets submarkets and specific city blocks Recession what recession where I come from there's always a recession the recession is a middle class problem not one for the rich or the poor I became trapped by my own labor In your business are you focusing on singles or home runs? Why have you chosen this strategy? Can you recover if you strike out? The difference between the rich and the poor is how we invest our time Poor people spend their time to save money rich people spend their money to save time Succeeded mightily
Stephan provides a very interesting perspective on real estate investing. Not only does he talk about the financial side of REI he also addresses the philosophical aspects.
Just perfect. Somehow the book is jam packed with great wisdom.... from such a young man too. He's collected plenty of straight truth n wisdom. This book is inspiring, informative, real and powerful. I unexpectedly loved it.