Investing is Risky. So is Life. Get over it.

Investing is Risky.  So is Life.  Get over it.

We spend our lives with risk.

There is everyday risk like driving to and from work, school, or some event with our spouse.  At any moment, we put ourselves on the road with other people who may or may not be in full control of themselves whether it be from alcohol, lack of sleep, or relationship induced stress.  Some of these people are just plain morons who should not be allowed to drive - but they're given a license anyway and we willingly chose to get on the road with them.

A collision could cost us financially from as little as a few hundred dollars to fix a ding to hundreds of thousands of dollars in medical bills.  However, we’ve learned to accept and manage this daily risk as we go about our lives.

There’s also the health risk we must accept just being part of the human experience.  Genetic health issues may cause elevated concerns throughout our life or they may show up in later years.  Poor food choices or bad exercise habits may not elevate our risk immediately, but sustained patterns will eventually result in some sort of health concern.  This is risk we either accept or ignore, but it’s there nonetheless.

People are killed every year by lighting.  People have been killed by an air-conditioner falling out of a building window.  Life is f'ing dangerous, at times.

Yet, even the riskiest adventurers as well as the experts in covert operations have learned to mitigate their risks.  They don’t jump out of planes without parachutes and they practice repeatedly so that an actual event becomes second nature.

We can’t escape risk so, therefore, we all must learn to deal with it.

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The Attack of the Side Hustle!

The Attack of the Side Hustle!

When I purchased my first commercial building, I was a property manager.  Therefore, it was natural for me to accept the same role for our investing group.  It dove-tailed nicely into my day-to-day routine.  I could field calls throughout the day for my own property as well as from the portfolio I managed.  Everything rolled together well.  It was a comfortable fit.

I didn’t know it was called a side hustle then, but I was creating a new stream of income (albeit small) and having fun while doing it.

Fast forward eight years and I’ve found myself in an uncomfortable situation.  I’ve grown my portfolio to fifteen properties with more on the way.  I’m now overwhelmed by the level of work I’ve created with the management duties.  The income created from this side hustle is nice, but it’s nowhere near the level I earn as a commercial real estate broker.  It’s not even an amount that I could subside on if I decided to solely do my side hustle.

Therefore, I was faced with a choice – continue to drown or seek immediate help.

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What Is Community Oriented Policing?

What Is Community Oriented Policing?

August 1st is National Night Out, an annual opportunity to promote building partnerships between communities and their police departments along with fostering neighborhood camaraderie. 

It’s also an occasion to look at how we can make our neighborhoods a safer place.  As such, I thought I’d take a moment to highlight an organization in my community that is tasked with just such a mission.

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In an Emergency, Who's Your Guy?

In an Emergency, Who's Your Guy?

Have you ever asked a friend for a mechanic recommendation and they say, “I have a guy.”

Or when you tell another friend that you’re looking for advice on a problem they say, “I know this gal who is an expert.”

If you’ve owned a property or been in the property management game for any length of time, you’ll certainly start to develop your own list of ‘guys.’

For the record, ‘guys' is a slang term that encompasses everyone, including men and women.  My commercial banker is a woman and she’s the absolute best in the business.   When I'm creating a list of go to guys, she's always at the top of the list.

‘Guys’ can also refer to a company or business.  My mechanic is a local family business with three locations.  I’ve gone to them for years.  The actual mechanics that have serviced my cars have come and gone but the family business has remained.  I don’t know the family, but the work their team has done has been exceptional.  

My guys are there for me when I need them and will always pull through in a pinch.  The group that I've assembled in my life are worth more than you can imagine.

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