Yesterday I indicated that I'm stepping out of the game of real estate investing training for awhile...or maybe forever...simply because after this upcoming Atlanta event in November, there will be nothing else to teach you on how to capitalize on the real estate market past the end of 2014.
There has been a huge demand amongst my students for more New Wealth Ninja "stuff" including the stuff I'll be teaching my students at my Underground Secret Event in a few weeks from now in Los Angeles. (And you can still get a deal to attend that event by clicking here.) This event, as you know, is non-real estate related and is all about Aggressive Income on Speed and Steroids.
Last year I started teaching my New Wealth Ninja strategies because my students wanted to know more about how to raise cash to inject into passive income real estate since the market started changing, competition with other investors became apparent, and it was obvious that if my students wanted to enter into the New Real Estate Market in our New Economy, they were going to have to cough up some cash for these deals.
This is how my New Wealth Ninja (NWN) trainings began...as a means for students to raise funds for real estate deals.
Then NWN became a demand in and of itself.
I started getting more and more stories of students with graduate degrees, a load of professional experience, and who were still sharp as whips sent out to pasture because they were too "highly paid" in their field and "too old" to play anymore.
Companies that were in the midst of the economic crisis (and many still are) found out about a little trick called the Dump-the-Overpaid-Old-People-on-Payroll-for-the-Moldable-Cheap-College-Grads Game. I noticed that this game started back in about 2007/2008 and has become more and more predominant in the employment arena.
It sucks to be an experienced professional or in a highly paid management position in a company, especially if you're in your 50s or beyond. Because chances are, you're probably not employed or employable anymore.
It didn't hit close to home until recently when my dad (who, unfortunately, I had to terminate out of my own company due to embezzlement issues) had to take to working at Lowe's part time because he can't get a job anywhere else. And he needed the position mostly for health care because he can't get government health care until next June when he hits 65.
It became even more abundantly clear that we're in trouble as a highly-populated Baby Boomer nation when I recently interviewed dozens of people for an entry-level low-paying job for both of my companies and found that I was sifting through hundreds of resumes from people who were overqualified (including those with degrees) to those who were over 50 years old to both.
And they were vying for a job with a starting pay of $11 an hour.
Rewind to about 2003...I interviewed people in a completely different economy and I couldn't get anyone to start at less than $15 an hour. And even this was like pulling teeth. I had people who were qualified and even under-qualified for the positions I had applying for jobs, 50% of the people who I scheduled an interview with didn't show up, and I had a hell of a time finding people who would work for me. (Interviewing was a bitch back in those days.)
What a difference a freakin' decade makes.
As an employer and business owner, I tend to lean toward hiring older people with more experience because they tend to be more loyal and dedicated in their positions. The young people in this day and age are texting their friends all day while having Facebook minimized in their "tray" on their computers. They are lazy, take too many sick days, and basically suck as employees.
Yet larger companies want these deadbeats to work for them because, (a) they start out as "cheap labor" and, (b) because they figure they can "mold" these screw-balls into whatever they want them to be for their company.
I couldn't disagree with that mentality more because, to me, it's like burning useless dollars to pay some Gen-Yer to text their buddies all day while uploading pictures to Facebook from the party they went to the weekend before when they got sloshed out of their gourd. But hey, at least they can "multi-task," right?
And then there's the whole $15/hour fast-food debacle where all these people who think working at McDonald's is a "career" feel like they should be getting paid more than minimum wage. Last time I checked, flipping burgers and making a milkshake doesn't take much skill, certainly not enough to justify $15 an hour.
WTF is going on with our nation?!
What these people don't realize is that there are ship loads of robots made in China coming over by the day that cost, on average, about $5,000 each that can do everything a low-wage worker in McDonald's can do...yet this robot won't require a wage, worker's compensation insurance, personal days off, sick days, vacation days, health care insurance, and you don't have to worry that this technical creature will sue you for sexual harassment, call in sick at the last minute, or steal from you.
I don't know about you but, as a business owner, I'll take the robots any day. And to think that all I'll have to pay for is some maintenance and a couple of software downloads here and there.
It's a lot closer than you think.
Then what happens to all the people who are minimum-wage workers...?
They may go from $8/hour to $15/hour. But I can guarantee you that they're about to go from employed to unemployed as things start to become more advanced in our society.
Gotta love Asia and the advances we can enjoy as a nation.
As an employee, do you hate the possibility that a robot can take your job?
If so, stop thinking like a f*****g employee and start thinking like a business owner...because as a business owner, you'd love the idea.
I have a machine coming over from China in a couple of weeks. No, it's not a robot but it'll be replacing a few minion jobs in the warehouse.
And a few weeks after that I'll be ordering another machine to replace a couple more minions.
And on and on it will go from there.
As a business owner, I've run the gamut with government regulations and have always noticed that they don't like to make it easy to operate as a business, especially in sunny California. I think the reason this is the case is because you have a bunch of dumb sh** government "employees" making decisions about what business owners should and shouldn't be able to do. And, unfortunately, these dummies don't take into account what the consequences of their dumb sh** thinking can be which usually has something to do with taking your business out of state or out of the country where -- guess what? -- no one can benefit from employment or the tax dollars associated with doing business here.
But what makes running a business most difficult are the employees that are associated with the business because they never do what you want them to do.
So...I can't wait for the robots to take over the employment market.
But if you're an employee, that doesn't give you really good job prospects in the decade to come, does it?
Guess what...you have to stop being an employee and start being a business owner otherwise you're not going to make it. Period. No exceptions. Especially if you're 40 an over...you're really in trouble now!
In the first half of 2014 (and until I turn 40 in June), I'll be focusing on showing you some cutting-edge New Wealth Ninja strategies to teach you how to have either a small cash flowing Aggressive Income home-based business or a larger cash flowing Aggressive Income multi-million dollar business.
Bottom line, you do have to choose one of the above presented options if you're going to survive and thrive in the years to come.
Until I turn 40 in June, that is. Then, after that, you're guess is as good as mine on what I'll be doing. Maybe I'll lay down and die on a beach in the Bahamas. (Doesn't sound too bad acutally, does it?)
Now you know what you can expect from me in 2014.
See you at the top!