A word of encouragement from Scott Brown of the National Center of Family Integrated Churches. I thought this was very appropirate. I don't think I would buy commercial real estate right now because just like residential real estate it is going down in value. Keep reading...
Here is a note I received from a friend 7 Reasons You Shouldn't Pay Attention to the Gloom and Doom
"Gloom and Doom is everywhere! In the papers, on the news, all over the
internet, even in daily conversations. Many members of the general
public and the investment community are getting depressed and caught up
in this propaganda at a rapid pace. The attitude is even beginning to
spill into personal and professional lives as people begin to buy into
it. So what’s the answer? STOP immediately!
When you focus on the negative, you always multiply your problems.
Instead, see your business being so busy you have to expand…the human
mind has an incredible ability to accomplish whatever you focus on.
The 7 Reasons You Shouldn’t Pay Attention to Gloom and Doom are:
1. It’s simply not true.
It is possible to have the life you want. You work hard, and the media
right now is making you sheepish. It’s herding you into a corner. It’s
driving a stake right into the heart of the economy. You cannot create
prosperity when you are fearful. In the 70’s we were told the world’s
oil was running out; clearly that didn’t happen. The media predicted a
mini ice age within the last 40 years; that didn’t happen either. Global
warming? Chicago has had the heaviest snowfall since 1979. The media is
powerful – do your own research.
2. This is a great year for commercial real estate.
If you are planning on investing in commercial real estate this year,
you are in luck. There will be a fabulous inventory of product from
which to choose. Interest rates are at an all-time low. Cap rates are
becoming more reasonable again. Lots of OPPORTUNITY is in store for you
this year.
3. Businesses that are closing should close.
You read the same newspapers I do, and you’ve seen articles about
Starbucks and other retail chains closing units. It makes you wonder,
doesn’t it? You need to realize these units were underperforming all
along and would have been closed anyway. What the paper doesn’t tell you
is that there are many units being opened as well.
4. There is more money available to exchange hands than ever before.
There is more affluence in the U.S. economy than ever before. Businesses
catering to the affluent are selling goods and services at record
numbers. After all, people still want to spend money.
5. Plenty of businesses and people are experiencing financial growth at the moment.
The mall parking lots are full; people are walking around with shopping
bags containing multiple purchases. Restaurants are still busy; you
still need a reservation. Many Fortune 500’s are having banner years.
6. More money was paid into the IRS in 2007 than ever before.
This is self-explanatory. The only way this was possible is if Americans earned record amounts of income!
7. Abundance is a mindset. There are no limits to what you can create, and there are endless opportunities.
If you focus on recession, that energy follows your thought. The more you focus on abundance and prosperity, the more you get.
Remember, history has recorded that more millionaires were created
during the Great Depression than in any other time because of the
infamous “poor economy”. These people prospered because they believed in
themselves and were willing to take calculated risks. They made
tremendous amounts of money because they did not let the media control
their destiny – they took charge! Take charge and get going…"
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