Linz’s Musings – The 8th Law of Nature

It is certainly amazing how quickly the weeks fly by, even when in lockdown! We can even start to see the days getting a little longer again, a little more daylight later in the afternoon, giving that glimmer of hope that spring is coming, albeit a way off yet…
Its hard to believe that in essence, here in Melbourne at least, and even other parts of the country, it feels a lot like Groundhog Day. It feels we are in exactly the same position in July 2021 as we were in March 2020…

Or are we?

I want to highlight one of the laws of physics, what I like to call the 8th law nature – the law of Natural Growth (or Decay). There is even a formula you can use to track this! But I won’t go into that level of detail, only to say that this law, together with the 1st law, the Law of Vibration which states that everything is moving, nothing rests, can be a catalyst for how we should act, what we should do when paralysed by fear.

These two laws show that nothing can stay the same.

Everything is moving and either growing or deteriorating.

You will see this in everything around us, people, plants, trees, our bodies, muscles, even cities and populations. If something is not growing or getting stronger or larger, it is decaying, or reducing or deteriorating.

There is no stillness.

This is the same with our goals, our relationships, physically & spiritually, even our financial plans, either we are moving towards our goals and growing, or we are decaying and getting further and further away. We cannot stand still.

So, are we in the same position? No.

Our mindset is different from last year, there is not the fear that there was, and a lot of people are starting to realise to what’s going on. Not as easy for the governments to take away freedoms.

We are forever learning, evolving, changing and growing – or if not, regressing…

Make sure you are at least doing something each day, however small to improve your future, because the laws of nature say that if you are not, you will be going backwards.

In the words of Martin Luther King: – “If you cannot fly, then run. If you cannot run, then walk. If you cannot walk, then crawl, but whatever you do you have to keep moving forward.”

Everything is always moving; which way are YOU going now?

Linz’s Musings – Time to rise and fight for our freedom

Happy Friday and I hope you are all coping in these unsettling times.  Looks like things here in AU are starting to go off the rails again, incredibly sad to see…

But today, I would like to revisit a theme I mentioned last year…

Now, I probably am also dating myself here and possibly a lot of my readers might not even have a clue what I am on about… but here we go…

Remember the old 90’s movie The Matrix?  One of my fav’s I will admit.  Written and directed by The Wachowski Brothers and produced by Joel Silver, the film was released on March 31, 1999, grossing over $460 million worldwide.  It won 4 Academy Awards (as well as others) and is a staple on any sci-fi ‘greatest hits list.’

Now, while the special effects were impressive at the time, what really stands out about the film, even after 21 years, is the lingering suspicion that we are being controlled by a force… whether a ‘Big Brother’ or HAL or ‘the administration’…

And, perhaps more frightening, that most of us would prefer to live in blissful ignorance rather than face the truth of living in a harsh world where we struggle to survive…

Hopefully, you remember the plot: Thomas Anderson, a computer programmer by day and hacker called Neo by night, is recruited to join the “real world” by Morpheus, leader of the human resistance against their AI overlords.

He gives Neo the choice to take a red pill and become part of the resistance or take the blue pill and forget he ever knew there was a real-world out there so he can re-join the rest of humanity in serving as an organic power source for the machines.

Neither choice is all that great, especially when the real world involves living on a bedraggled ship, eating gruel, and being chased by “agents” who are out to obliterate the resistance before it can free more minds from the Matrix.

Neo, of course, takes the red pill and (spoiler alert) becomes the hero.

In general, I believe the film was designed to make us think about free will, fate, the depths of oppression, and the power (and pain) of knowledge.

But this got me thinking…

 

What is an authentic life?

Now, we might not have some massive AI, all holding us hostage and feeding off our brainwaves (right?  We don’t right…?), BUT are we holding ourselves hostage?

Is the ‘Big Brother” really ourselves?

Or more to the point, are we ALLOWING ourselves to be hostages?  Walking freely into that cell, which may look like home, but still a cell…?

Right now, in these unsettling times, there are 1001 conspiracy theories about the COVID-19 pandemic – some quite amusing to read.  But I guess these sorts of crises can get us to thinking “Is there more to this?”

What if it is also our own mind, our own limitations that we put on ourselves holding us prisoner?  The lies we tell ourselves, the stories or ‘movie’ we show ourselves again, and again, as to what we are capable of…

What if the truth was something quite different…so much more?

Are we settling for life because it is comfortable, never trying to attempt anything ‘outside the box’ because we tell ourselves it is not possible?

Or more importantly, society & the media telling us we are not worthy…

Constantly (often unconsciously) taking that blue pill and going back to our blissful ‘norm’ coma…

Like Cypher in the movie, some of us may even try a red pill, fight for a few days/weeks/months, even years to see what is possible, fail, and then reach back for that blue pill-driven solace – settling back to what’s comfortable, what’s easy…

How many of us have actually taken the red pill, fought for their independence, their freedom whether it be financial, emotional, spiritual or physical?

Who wants to be the Neo’s of the world and fight to win their right to choose, their right for freedom?

Not freedom if… or freedom only when… but actual Freedom.  Isn’t that what this country is about – “For we are young and free” right??

Or more importantly, who wants to be the Morpheus’ who help others wake up to what is possible, and provide the red pill and the help & support to win…

Our world needs more Neo’s and Morpheus’ so choose team red.  Questioning what is happening is not revolt, it is awareness.  Be aware of what is going on around us all, what limitations are being pressed upon us, and what limitations we impress upon ourselves.

Rise up and let’s see what difference we can make.

The differences between property investment in the U.S. versus Australia and New Zealand

Investing in U.S. residential property is a viable option for Australians and New Zealanders given the market is doing incredibly well and is continuing to trend upward. 

U.S. property investment is a great way to gain an extra stream of income because a typical property in the U.S. is nearly the equivalent to a downpayment in Australia and New Zealand, making it a much cheaper option. Now that’s a bargain.

Investing in property in Australia and New Zealand can often cost hundreds of thousands of dollars—and that’s just in deposit. The price bubble in Australia and New Zealand has made it near impossible to land a good deal. But a property in the U.S. will cost you a fraction of Australian and New Zealand prices because of how hot the market is now. 

Many real estate agents would encourage you to invest while the market is booming

Now is the time to overcome the fear of investing abroad and land those properties at prices you’ve never witnessed in Australia and New Zealand before. 

Why is foreign investment in the U.S. residential property market so popular?

Real estate shot up when the COVID-19 lockdowns in the U.S. ended, causing a surge in the housing market. More people wanted to buy because they wanted to escape cramped cities or search for areas that are more conducive to working from home, causing prices to rise and demand to skyrocket. The economic repercussions of the pandemic didn’t seem to affect the market, making it more attractive than ever. 

With the relative stability of the U.S. residential market, foreign investors everywhere are experiencing positive cash flow possibilities. With prices so affordable compared to the Australian and New Zealand markets, investors are definitely getting their money back and then some.

In terms of debt, it’s much more favourable than their foreign counterparts. The long-term debt scheme has people in awe when compared to how quickly Australians and New Zealanders need to pay back debt. The debt terms last years and are generally pretty flexible, which we’ll get into later. 

And the best part is that the U.S. housing market is unlikely to crash soon. While this spike in activity resembles the events that lead to the U.S.’ Great Recession, lenders have stricter policies now and there are better structures in place to avoid such a price bubble bursting. With this stability, people can expect the market to continue on this trend. 

3 key differences between investing in the US and in Australia or New Zealand

In order to establish how different the markets are in the U.S. vs. Australia and New Zealand, we’ve listed down three comparison points.

1. Mortgage rates 

As mentioned earlier, mortgage rates in the U.S. tend to be more long-term than in Australia and New Zealand. They often span 10 to 20 years, giving the homeowner a lot of time to pay off their debt as compared to the variable rates in Australia and New Zealand. This rate is often fixed, which is a key difference to rates in Australia and New Zealand.

In Australia, it’s much shorter, spanning about 1-5 years—a fraction of the time in the U.S. In New Zealand, it begins even earlier, from six months to five years and all at variable rates, which makes it more difficult to pay debts.

2. Stamp duties

When it comes to stamp duties and taxes, the U.S. has little to no stamp duties at all which makes Australians “very keen to get involved” according to Your Investment Property Mag. Because of this, they find better opportunities in the U.S. without having to pay exorbitant amounts in taxes, unlike in Australia and New Zealand.

In Australia, stamp duties are state taxes that can be fixed or increased depending on your property’s value. Several other charges are added to that, like the Land Transfer Charge, causing your property investment to cost even more than you anticipate. These are extra payments paid on top of the property value, making it somewhat unattractive and expensive.

While Australia does have stamp duties, applying for the First Homeowners Grant is possible, rendering stamp duties unnecessary.

In New Zealand, stamp duties aren’t necessary, however, extra cash needs to be prepared for valuation charges, which is another expense on top of the property price. 

3. The nature of the market

In the U.S., there are less restrictions, making property investment more flexible. When it comes to raising capital or looking for ways to finance a purchase, they’re not as strict and they allow foreign investors to handle their investments with ease.

Real estate agents in Australia and New Zealand often take care of the property and become property managers themselves. But in the U.S., you need to hire a team in order to take care of the property, try to sell it, and maintain it. Having a team you trust can make or break your investment and it eliminates the need to have to fly over and check on the property yourself.

When it comes to investing in the U.S., many investors are met with hesitation because they’re not sure how to go about it, especially since it’s on the other side of the world where they can’t be hands-on with the investment. Even though people feel like it’s a big risk, a lot of successful Australian and New Zealand investors can vouch for it. 

“We were excited most about investing in the U.S. because of greater returns than anything I can get in Australia,” says Barbara Waller from Bairnsdale, Victoria. 

Investing in the U.S. doesn’t have to be a daunting task nor is it as difficult as it sounds. By acknowledging the differences between the U.S. residential property market and the Australian/New Zealand market, it’s easy to see that property investment in the U.S. has a lot more advantages as compared to local real estate.

 

If you want to invest in the U.S. and start a new stream of income that you can rely on, book a call with us

Linz’s Musings – Be IN the trenches

And it’s a Happy Friday from me again this week!  Been a massive week so far, hope you all have had a great week too!

Today I want to discuss strategy in a way.  I was reading recently about the widening gap in Australia between the wealthy and the poor – the “have’s” and the “have not’s” essentially.  Now we see this in a larger way in the U.S, it is one of the driving forces we need to be careful of when investing in the States, but we haven’t, until relatively recently, seen such a gap in Australia per se.  This is not just a problem for Australia or the U.S, it is happening all over the world now unfortunately.

Some stats, from the Australia Bureau of Statistics (ABS):

  • Australia’s richest 10% now hold more than 50% of the nation’s wealth (a share that is also increasing quickly)
  • The top 1% hold 16.2% of the nation’s wealth
  • The lowest 40% own just 3% of the wealth while the lowest 20%, less than 1%

To give you an idea of where we sit, the median (read, typical) net worth of all Aussie households was $558,900.  The average net worth of the top 20% of households is $3.2 million.  Bear in mind this is also 2018 statistics, so would be more now.

Hmm…note to self, need to get this stat for the U.S. too…

Now, I guess to some degree, although we may not have known the actual figures, this data belongs in the “thank you Captain Obvious” bucket.  But then again, we also want to be extremely careful of creating “poverty traps”.

For this reason, I have committed myself to helping Aussies and Kiwi’s invest in real estate to help avoid this, but it’s probably me throwing a glass of water into the ocean to stop receding water levels… But we try.

Looking at this we may ask, why is this happening.  When I ask this at the events I run, the resounding response is that the rich buy/have real estate. While this is true to a degree, I am not sure they the rich got wealthy through simply owning real estate.  I think it’s more just a great vehicle to park wealth and allow that wealth to grow more.

Property certainly is a brilliant way to get wealthy too, don’t get me wrong… but my point though, is that a lot of people look at the “wealthy” and see them buying real estate and thinking, that is what you must do to get wealthy.

Reality is, that to “get” wealthy you cannot just park money in real estate, you must be IN it, creating deals, making stuff happen, be ACTIVE in the real estate game.

This is how anyone can make money in real estate, but unlike the already wealthy, we cannot sit back idly sipping our cognac and watching the money grow… we need to be in the trenches, be active and make deals work.

There is no room for freeloaders here on the way to wealth, you need to make things happen!

Linz’s Musings – To win, just keep trying

Happy New Financial Year to all here in Oz! ‘Tis a strange time of year, we see EOFY sales everywhere trying to get people to buy things they don’t need, to save 40c tax… Bit like negative gearing really, pay $1 to save 40c. But hey, I am sure it works somehow, otherwise why would it be so popular?

On that note, if you haven’t checked out our latest blog on U.S. tax implications, check it out this weekend. We chatted to Yolley Kalos, U.S. registered Tax Agent and CPA here in Australia about all things tax.

Check it out here – https://www.stardynamic.com.au/u-s-tax-implications-on-real-estate-for-foreign-investors/

If you would like to have a chat to Yolley as well, there is a link in the blog to chat to her as well, definitely recommended!

And as I mentioned last week, it is a great time now to sit and reassess your goals.

How have you gone this first half year?

How did you go the past financial year?

Did you hit your goals and/or expectations?

If not, this is now an ideal time to adjust and move forward through the back half of the year with purpose and determination.

There is certainly nothing wrong with not having achieved everything you intended at the start of the year…

So long as you adjust and keep striving.

Remember, Thomas Edison said “I have not failed. I have just found 10,000 ways that don’t work.”

Find that one that does.

U.S. tax implications on real estate for foreign investors

Investors who want to branch out and invest in U.S. residential properties tend to feel apprehensive about taking such a big gamble. After all, it’s an entirely different country with different laws, regulations, and tax implications. Many find that it’s a bridge they dare not cross because of all the confusion around it.

Being “fear-frozen” or unwilling to progress because you’re not ready to take the risk is only natural. Your entire mindset needs to shift when it comes to the U.S. or other foreign investments and you need to see them as viable rather than precarious.   

But investing in the U.S. doesn’t have to be so scary once you understand the basics of the taxes you need to take into consideration. Yolley Thomas-Kalos, Director of YTK&Co and a registered and licensed tax agent and an accountant encourages people to invest now while the market is hot.

“This is a very good time to invest, there are many opportunities in the U.S. right now,” Yolley said. 

 

What is the biggest difference between investing in the U.S. and Australia?

Before jumping into investing in U.S. residential property, it’s important to understand the main differences between investing in the two countries. 

When it comes to mortgage rates, stamp duties, and how the market works, for example, there are several glaring differences:

  • Mortgage rates in the U.S. tend to be more long-term compared to Australian mortgage rates. In the U.S., it’s normal for their rates to span over years, sometimes five or more. Whereas in Australia, it’s a fraction of the time, clocking in at one to five years. 
  • When it comes to stamp duties, the U.S. has little to none at all, attracting plenty of foreign investors. Australia infamously has heavy stamp duties that make investing in Australian real estate very expensive. There are even added charges like the Land Transfer Charge which pile on top of the already exorbitant charges a downpayment in Australian real estate would demand.
  • In terms of the nature of the market, the U.S. is much more relaxed and flexible, making investments and purchases simpler. But usually a team of various experts are involved in order to maintain and promote the property whereas in Australia, real estate agents take care of everything.

And the biggest difference is ultimately price. Foreign investors are keen on the U.S. residential property market because of the incredibly low prices and the possibility of positive cash flow that can help them find a new stream of income. 

“You do not need as much cash investment in the U.S., whereas in Australia it’s near impossible. The deals you can get in the U.S. are based on the area you’re looking at and can start as low as $50,000 USD which is very attractive for positive return,” said Yolley. 

Investors are turning to the U.S. in order to continue making a profit even outside of their day jobs or even in retirement. 

“I have a client in the U.S. who bought a residential property for $100,000 USD and is getting 50% monthly,” said Yolley, showing how a good, smart investment is a great way to earn. 

 

What is the Foreign Investment Real Property Tax Act (FIRPTA) and how does it operate? 

Before any foreign investor gets into U.S. residential property investment, they have to understand the Foreign Investment Real Property Tax Act (FIRPTA for short). Yolley explains that it is a federal tax law that ensures that foreign sellers pay income tax on the sale of real property in the U.S.

“The major purpose was to establish equity in the tax treatment between domestic and foreign investors,” said Yolley. 

It’s highly recommended that you work with a tax agent when it comes to foreign investment in the U.S. Doing so helps you better understand how much your taxes are and when they’re due. They can also guide you with the percentages that you need to withhold when it comes to purchases. Because these guidelines have been around for a long time (with a small shift in percentages in February 2016), a U.S. tax agent would have the best understanding of how to go about it and is most familiar with the process. 

“When you sell the property, the purchaser of the U.S. residential property is obligated to withhold 15%. When you’re working with a tax agent, it’s a requirement by the IRS to withhold that percentage and that must be sent to the IRS within 20 days,” said Yolley.

When that payment isn’t settled within the 20-day deadline, a penalty (with interest) will be imposed on the investor or purchaser and they must pay that penalty on top of the 15%. 

 

What methods are there to pay taxes in the U.S.?

When it comes to how people can pay these taxes, there are several different methods they can choose from depending on if they have contacts in the U.S., have a U.S. bank account, etc. This is one of the most frequently asked questions we get, especially when an investor is still fear-frozen.

The most common methods of paying are:

  1. Automatic payment – This method is easy, quick, and effective but you need a U.S. bank that’s online.
  2. Checks/money order – Given that the IRS is still accepting checks, this is a viable payment option.
  3. Debit/credit cards
  4. Same day wire if your preferred bank provides that service
  5. EFTPS (Electronic Federal Tax Payment System) – An online system that has a check and balance system that requires a U.S. bank account (this is the most used method).

Depending on your situation and your set-up as a client, you may prefer to use an online payment system or a check system. If you have a U.S. bank account, the automatic payment or the EFTPS may be a good option. If you have no contacts in the U.S., checks are still a good way to pay.

“I encourage getting a U.S, bank account because life becomes so much simpler, especially if there are pending transactions that are time-sensitive,” Yolley recommended.

When asked whether or not it’s difficult to open up a U.S. bank account, Yolley responded with, “Yes and no. It’s easy if you have a contact person in the U.S. Let’s say you have no family there but a trusted property manager, they can open up the account under the LLC’s name. They have control of the account—but that’s where the risk comes into play. 

“It’s important to make use of a double signatory method to minimise that risk. Being in Australia and with your partner in the U.S., there can be a situation where it doesn’t work out so well. You have to trust the person that’s there, yes, but also a two-signatory account set up so no one can act individually.”

There have also been numerous post-COVID agencies that are facilitating those payments and those could be another element where people can make use of a third party to make a payment to the U.S.

 

Why you should invest in the U.S.

Overcoming that “fear-frozen” state to invest isn’t impossible, especially when equipped with the knowledge on U.S. tax implications. Yolley Thomas-Kalos, whose expertise we treasure, even encourages it. 

“It’s a great time to invest in the U.S. – don’t squander the opportunity,” she said.

The residential market is booming post-COVID because more and more people are looking to purchase homes, making demand skyrocket. People are moving out of big cities and cramped apartments to be in more spacious areas, making investment a smart decision. 

“My best advice: Location is very important. Ask yourself: What is favourable for that particular state? What are the properties’ value there and how quickly do they appreciate? Remember that not every state requires a tax return and definitely do research on the state you want to buy in and the laws involved,” Yolley said.

U.S. residential property is a hot market right now and each state is different. But as long as you gain a better grasp of the tax implications of each state, understand when and how you make your payments, and follow the advice of seasoned financial and accounting professionals like Yolley, you can make a profit investing, too.

If you want to begin earning solid returns through investment, book a time with us

Linz’s Musings – Its all about the Energy you bring

Winter Solstice is behind us, and summer has officially begun State-side.  Its amazing how quickly time flies when having fun in Real Estate!

And it certainly is an incredible time to be in Real Estate right now, markets like I have never seen before.  Will be interesting to watch the RBA, Fed Reserve and see how they play out the next 12-18 months with money printing in full swing still, particularly in the U.S.

I was having a great chat with my coach this morning and he mentioned something which I thought was very profound.  We were discussing the need to schedule activities such as reading, meditation, training etc to recharge the batteries.

We all are brought up with the adage that to be successful in anything we need to work hard.  After 30 years in corporate for me, reasonably successful at it, its easy even as a Real Estate investor and business owner/entrepreneur, to fall into the same habits of working 50-60+ hours a week to ensure we are successful and not ‘seen’ to be lazy.

Truth is though, that is the wrong mindset.

I coach all the time how important a change in mindset is from being a ‘Real Estate Investor’ to being ‘In the business of Real Estate’… but even I missed this small but extremely important distinction on how we work.

So Jonathan said, “Employee’s trade time for dollars.  Business owners, investors & entrepreneurs trade energy for profits.”

Boom.

When you look at this, it makes enormous sense.

As investors, business owners and entrepreneurs, it is all about the energy we bring to the table.  Its not about how many hours we work, or whether others see us as ‘busy’ or not – this is irrelevant to real success.

For us, it is all about the energy level we have and bring to the deal / negotiation / challenge etc.  And then therefore, it is critical to ensure to recharge that energy.

If you are running on empty you cannot give your all.  Its important to schedule activities that RECHARGE your energy during the day as well, not just drain your energy.

What activities do you do to recharge?

Linz’s Musings –A good time to reassess goals

How quickly the weeks are flying by, Winter Solstice is almost on us, and summer hitting the U.S. it’s a great time for us to start to analyse our goals and see where we are for the year.

With so much happening this year, we could be forgiven for looking to ‘give up’ on our goals.  But this is exactly the time to knuckle down and take stock of where we are.

Even if you are no further down your goal path now, that we were in say, January, that’s OK.  Adjust and start moving again.

From an investing goals standpoint, I would certainly use this mid-year time to ensure to get yourself into a position ready to invest if you are not already.  The stimulus that is being poured into the U.S. economy particularly right now, is not looking like letting up.

The real estate markets are booming, almost wherever you look.

History has shown us though, particularly after the stimulus of the GFC (which by the way compared to current packages is a minnow vs a whale!) showed massive increases in housing prices, and almost a tripling of the stock market.

Inventory on market is still low, and during this summer selling period, may get lower.  Remains to be seen whether or not this will pick back up anytime soon.

But either way, this ‘Perfect Storm’ in real estate, particularly in the U.S. is here to stay for now, lets ride this wave with all we have!

Linz’s Musings – The ‘Story’ of Life…

As another Friday comes to a close, we close the chapter on another week in our lives.

I was sitting in our new high-country hideaway thinking what a great story we all are creating – unique, jam packed with action, drama, and suspense, and I am sure it would certainly make for interesting reading in time; sitting on our front veranda at age 85 reading to our grandkids or great grandkids the story of our lives – them sitting in awe at the twists and turns…

Virus outbreaks, lockdowns, TV billionaires winning presidency elections, then losing again; the success and failures we have all faced. What a recent generation we have had.

But how will YOU like the story of your life?

Think about how you will FEEL when reading to them?

Will you notice the missed opportunities you should have taken?

Will you regret the decisions you didn’t make at crucial crossroads?

Mourn for the missed time you had with family and friends at times we were “too busy” living and ignored life?

It is hard when we are up to our neck in crocodiles, to really see when we are at a crossroads, and often how important is that next decision.
In hindsight, we can look back and say “Wow, if only I had taken that step to do how different might my life have been!”

But at the time, is just another thing, that in our busy day-to-day lives, we just dismiss… “I don’t have time” … “oh, sounds good, but I will do it later” … “yes I would like to, but not right now” …

Then, soon turns into later, and later, and we continually miss these opportunities.

Don’t let the busy-ness of life allow you to miss those crucial forks in the road; those important decisions that will change your life.

Forge that story of life, those next chapters in the book – with excitement and new experiences, growth, and learnings… don’t just rewrite the last chapter again…

One comment I read recently, really hit home – “Most people will be in the exact same place next year, as they are today. Don’t be most people.”

Remember, life is an adventure, full of twists and turns, hills and valleys, achievements and setbacks.

Go out there and get them!

Linz’s Musings – Look for the good in things

Happy Friday, and welcome to our Winter edition of the newsletter. This week (and ongoing), I want to include a ‘Market Update’ section for you, so keep reading below what we see in the U.S. market.

I was chatting to some colleagues recently about winter and asked what their favourite thing about winter was. One of the funniest responses I got was “the end…” LOL

But you know, this got me thinking. We can often find ourselves in less-than-ideal conditions in life or even investing.

Now, stay with me here…

It might be winter; it might be a deal that hasn’t seemed to work out the way it should; it might be a work-related position you are now in… Often, we gripe and moan about how bad things are…”Oh, you will never believe what happened to me the other day…”

But does all of this whining make a difference? Sharing your gripes with others may make you feel a little better, but you’ll notice that fewer and fewer people will join you at the water cooler (or heater)…

The truth is, complaining about a situation or action does little to help. What can be helpful is to try and think of something good in this situation…anything at all, no matter how small.

From a winter perspective, my wife says she loves the winter wardrobe!

Suppose you can identify anything little that is positive about a difficult circumstance and focus on it. In that case, you will frequently find that it will boost your frame of mind (more pals around the heater with you!) and secondly, it will aid your subconscious mind in finding a solution or way out of the difficulty.

In terms of investing, what is the most excellent thing about a deal, even if it is going bad? Is it the property’s location? What about the design? Close to a specific school or park… Whatever it is, if you can focus on the positive, you will frequently notice a thread form that will help weave you out of the bad situation and give you a better end!