Good morning everyone this is Robert Allen, this is Breakfast With Bob on the 4th of March 2009. The day is spread out before you and you’re ready to start it up with good things, right?
Thank you for joining with us. Every single week we get together and we talk about ways in which to improve your life. Ways in which wealth can flow into your life instead of wealth flowing away from your life; and it seems like today a lot of wealth is flowing away from people instead of flowing towards them.
Is wealth flowing towards your life more or less? And if it’s flowing away from your life, why? Well it might be because you’ve chosen investments that are going through their peaks and valleys as all investments do and that’s a little disconcerting for some. For anybody really.
Then there are certain investments that will be constantly flowing towards your life. What kind of investments — really when you think about it — what kind of investments would cause money to continue to flow towards your life constantly? Very interesting question isn’t it? Money that will flow into your life no matter what happened. So, we’ll be talking a little bit about that today.
Also, I think we’ll have my partner, Tom Painter, on the phone and some of our other leaders to talk about an opportunity for some of you who are successfully oriented, who have achieved some financial success, who have been with us for several years.
We’re going to be having an event on the 24th of March where we’re going to be doing some filming of some success stories. And if you qualify for that or if you know somebody who would like to participate in a filming in the Los Angeles area where … I’ll be there. I’d like to get a chance to meet with you and say “Hi”.
That would be on the 24th of March and I’ll have some people come on the phone in a few minutes and tell you exactly how you would communicate to let you know about that. So, like I said if you think that’s something you could do, then fly in on a plane the 23rd and spend the 24th with us, and we’d like that.
All right, Tom are you there?
I am here Bob, yep.
Tom why don’t you tell them a little bit about what we’re trying to accomplish.
Well, we’ve got an incredible day planned. As you know, we’ve got some great success stories from “The Millionaire Hall of Fame.” The Millionaire Hall of Fame has $1.2 billion dollars worth of success stories out there. People that have followed the system and have made money. We believe that the number is way higher than that just because it’s a voluntary site where people need to go to put their information in.
More impressively though, in my opinion, is that there’s over $30 million dollars worth of donations to different charities that our students believe in. And there’s over 2,000 charities on that site. So if you’re new to the site, never been to it, please go there:
Now when you go there, you’re gonna be able to see the others and all the people that have made money, but you’ll also be able to read success stories. There’s thousands, and thousands, and thousand of success stories.
And especially right now when you see what’s going on in the media and some of the investments that are out there that a lot of people feel that they may not have control of what’s going on. The reality is that we have students right now that are making a lot of money.
Last night, actually, we met with some of our “Rich-in-Six” winners. We had dinner with them and its amazing the properties that they’re buying right now in this marketplace. For when you see something that’s happening in the market place and you hear bad news just remember:
Somebody is taking advantage of that. Someone is making a profit on that.
Mark Renault who I was talking to last night is buying property for fifty cents on the dollar and renting them out for a 14% return on his investment. Right now, in this marketplace. And so, we have a lot of students that are making money in this marketplace which is very, very exciting.
And we’ve got students that have made money in a very quick manner. In six weeks or less. We have Kathy Strayhan, Bob that who you might even talk a little bit about, has done that as well.
So many of our students are making money right now, but there’s a lot of noise out there talking about how there is so much doom and gloom in the marketplace. Well, when you hear that on the TV or on the radio just remember:
Fortunes were made in times like this
And so when you hear bad news just remember: somebody is taking the advantage it. Somebody is making a profit on it by having the systems and strategies to do that.
Now we have an incredible infomercial that we have done called ”Rich-in-Six”. And what we want to do is we want to be able to help empower America. To help them to see and understand that it is possible to make money in this marketplace and to change their life. So many people are just sitting on the sidelines feeling powerless. When in reality this is the perfect time to make those positive moves that can set you up for the rest of your life.
Now one of the things that we are looking for that … we are looking for some of our students that are on this call that have made money with us in the past. And we’re looking for some testimonials that we can film on the 24th.
We’ll be flying you in from wherever you’re at on the 23rd. We’ll be spending the day together on the 24th where we’ll be actually filming those different testimonials of people that have made money. And we’ll be giving you that information.
The best thing to do is pick up the phone cause I’m gonna have you call the director of the Millionaire Hall of Fame which is Janet Walgren. Her phone number at the office is (801) 852-8700. And you can also send a quick e-mail to her and her e-mail is email@example.com and let her know that you’re interested.
We’re really looking for about 10 to 15 more people to be part of this filming. And our whole goal is to be able to have success stories that we can use for one of your TV shows. We think it’s very important to be able to tell America that it’s possible to make it in this marketplace. In fact, they need to be able to take back their own financial lives. And so that’s why we need to be this beacon out there telling people about it.
So if you’re one of our students and you have done well in the past. It doesn’t matter how long; in fact we’re looking for some of our students that have done really well over the past five, six, seven years. Or even some of the brand new students, we’d like to consider you as well.
We’d love to have you pick up the phone, call our office at (801) 852-8700 and then ask for Janet Walgren who’s the Director of the Millionaire Hall of Fame and, again, you can send an e-mail to her if you’d like and its firstname.lastname@example.org. And that’s the best way to get a hold of us Bob.
So just for those that are listening or if you’re listening in the replay line later on, it’s very seldom that we do these kinds of get togethers. The last major one that we did was in June of 2005. And it’s where we took 100 millionaires from all across the country to New York City and we went on the Neil Cavuto show together. And it was a spectacular experience, wasn’t it Tom?
It was great. It was pretty incredible
But the most important thing is — not the fact that we were all together on the show and had a lot of fun — but it was the networking that went on. Because you’re going to be part of a very special group of people on the 24th. People who have achieved an amazing amount of success and wouldn’t you want to have those people on your Rolodex? People you could network with?
So, we’ll have a very small group of people. More than likely in the 20 range. It’s going to be a small group of very successful people. And if you happen to BE in that category, or you know some member of the EWI group that you network with from time-to-time and you know that they would want to come and just haven’t hear about it, let them know.
Give them a chance to call Janet at EWI and get yourself there if you possible can. We’ll fly you there on the 23rd, we’ll spend the day on the 24th. And those of you that want to hang around, we’re gonna be shooting the final pieces of the “Rich-in-Six” infomercial on the 25th and the 26th. And you know we might be able to get you in to take a peek and see what it’s like. But on the 24th is when we’re gonna spend most of them time together.
All right, so, thank you very much Thomas. We’ve now given the word and on we go.
I will be jumping into the mute mode so, we’ll see you Bob.
Okay, everybody, thank you very much. What we do together in EWI (Enlightened Wealth Institute) is we create enlightened wealth. Wealth is when your wealth goes up, right? It’s when you increase your wealth. And if you have a strategy that you use that doesn’t seem to be working then what you do is you change your strategy. You find another strategy that does work.
Now let’s take the ups and downs of the economy for the last … well when was the last time you had a Recession? When was the last time you experienced a Recession? Scan back, some of you sound younger on the phone, so maybe your last recession was 1991. Some of you might have remembered the dip in the year 2000. You go back in time, we’ve got 2001 where we kind of had the crash of the stock market and we had in 1996 a little bit of slow down.
And then ’96, 1989, 1999, 1991 – usually attributed to the things that were going on in Kuwait with Saddam Hussein, but there was definitely … before that happened there was a definite slow down on the real estate marketplace. And 1989, 1990, 1991, do you remember them?
We had kind of a spike up in real estate values and then kind of a flattening out because of our Recession at that time. You go back further to 1986 when we had the huge drop in the market on that one Thursday, I think was “Black Thursday” was that the day where it went down 500 points and there was some problems going on with the real estate market.
The S&L crisis had happened like in 1986, so there’s still some residual effects of that and then back to the double-dip Recession of 1981 and 1982. Do you remember these times? Which ones can you remember?
If you go back further to 1974 — a really deep one in 1974 — and, of course, this is when I had just come out of college, so I’m 60 years old today. For me, it was me coming into the job market and trying to decide what I was going to do with the rest of my life. Some of you on the phone might be a little older than that.
You may remember the Recession that happened in the late ‘60’s. There have been many recessions since the “Great Depression.” A lot of ups and downs and the real question that we’re going to be asking today is what did you learn in each of those recessions? The ones that you remember. And what kind of investments would have done well during the recession dips?
‘Cause if you’re looking at real estate as the cycle … where there is a wave … let’s see – if you can draw a “U” where the top of the “U” is when we start into a Recession and as we drop down into the bottom of the “U” is where the Recession bottoms out then you climb back up out of the “U,” the right hand side of the “U,” you are leaving the Recession.
Now, what is a Recession?
It’s when the economy or the gross national output, the business that America does, decreases and it doesn’t increase and so it goes down from one or two or three percent and it dips below into the negative territory. And therefore we have negative growth. That’s a strange way of saying things – “negative growth”.
The economy re-trenches a little bit you know, it pulls back in. You know, why does it happen? Why do we go through these periods of time where people kind of lose faith and stop growing? Well we know with this one, what this one was caused by.
This one was caused by too much exuberance at the beginning of 2001 which they tried to stop the decline of the markets because of 9/11. And so they made interest rates really cheap and therefore it increased the demand for real estate and people went out and bought like crazy and it seemed like prices were going up just like they did in the stock market.
Things were going up just as if they had no end and then when they turned the spigot off and they stopped lending money back in 2008 when things started to dip. Then the beginning of this recession really probably started in late part of 2007. And 2008 was kind of where the bad news was starting to flow in and we are now in 2009.
When is it going to that when people’s positivity is going to return? Well, what’s powerful about this is that 90% of the people are gonna have a job. There may be a 10% unemployment as we kind of bottom through this in 2009 and through the beginning of 2010.
You know, 2009 is probably going to be an interesting year for everybody. We’re all just gonna trim our sails just a little bit, get a little more sharper when it comes to our bottom lines. What it does is it forces every business out there to get smarter. When things are going really well things get really sloppy. You don’t think about:
“Oh, yeah, throw some money at this and throw some money at that and see what happens.”
Because almost everything you did would work.
So throw some money at it and it probably will come back to you. Now businesses are being really careful and their tightening things and lopping off branches of their trees that were dead, but were just hanging on. Or they’re lopping off branches of the tree that are not growing. They’re pruning their trees right now.
Isn’t that what happens to an orchard? You need to prune your trees. And that’s what’s going on and what the pruning causes to happen is to make a stronger tree. So as we come out of the recession we have the tree that bears great fruit. So back to our dips:
· What did you learn going into the recessions that you remember?
· Were you unemployed during any of the recessions?
· Anybody you knew unemployed during any of those recessions?
· Was it a difficult time for you?
· Do you remember anything about them, frankly?
· Were there any failures that happened as a result of those recessions that you were involved in?
· What did you learn from those recessions?
· From those failures?
You know, I said to a group yesterday, I was speaking here at the Zermatt Resort in Utah to a group of some masters students that were invited to spend a couple of days with me and we’ve just been exploring some of these ideas together. We talked a little bit about some of the lessons that I personally had learned from these various different recessions and I had wallowed myself a little bit in the:
“Oh woe is me, oh woe is us, oh when is this going to end?”
Kinda thing. And this was about ten days ago, maybe two weeks ago when I was on an interview.
Somebody was interviewing me about my career and about the books that I have written, etc. And it’s off the top of their head they asked me a question that really was quite remarkable. They said:
“When was the best investment you ever made?”
And if someone asked you guys that question:
· “When was the best investment you ever made?
· “What year did it happen?”
· “Why did you make that investment?”
· “What caused you to say that was your best investment?”
Just when you think about the question “
· What is your best investment?”
You think about something that returned a huge return to you. You invested a certain amount of time and effort and money into something, and then it returned back to you an enormous amount of profit … right?
· So what was your best investment?
· How much time and money and investment did you put into your best investment and what kind of return did you get from it?
· How many more times your investment did you multiply?
· What was your rate of return?
· Was it 50% or 100%, or 200%, 500%?
· What was your rate of return?
· What kind of investment was it?
So when this gentlemen asked me that question, I was scanning back over where I had made the greatest investment of my life, I went immediately to one specific moment in my life … which happened actually during one of these dips.
It was 1986. And it was a time when things were looking very bleak for me personally. We had just closed down a business that we were involved in that had served us well for five or six years and then the economy had just changed and we closed the doors down. We had about 50 employees and we shut it down. It wasn’t pretty, it was ugly.
We thought the business would go on forever, the times were wonderful, and then we had to close it down and literally I kind of … shut up, I just shut down myself. I moved to California to kind of start all over again.
“What am I going to do for the rest of my life?”
And, frankly, it was during the darkest moment of that particular recession for me that I had a very profound spiritual experience which I have to say, probably, was really the best investment I ever made. Because I invested a lot of time and effort into this business and it didn’t survive, but I ended up on my knees. And I’ve talked to you about this many times before, but I just want you to know that that’s where my mind went. It went there immediately.
I didn’t think about a real estate deal I had done and I’ve done some really great real estate deals. I didn’t think about a business that I had launched. I didn’t think about, you know, stocks that I had bought. I didn’t think about books I’ve written. I mean I’ve written some fabulous books, you’ve got to call that an investment, don’t ya?
I invested a lot of time and effort into the books that I’ve written and by this time in 1986, I had written “Nothing Down” and “Creating Wealth” both huge New York Times bestsellers with millions of copies in print and my fame was secured in a sense. But, hey, I ended up going through this huge lose that today 23 years later, I look back and say:
“That was the best thing I ever learned.”
It was because of that “bottoming out” that new businesses were launched as a result of that. It wasn’t as if I was pruning my branches. There wasn’t any pruning going on. We cut that thing off at the base. And the tree that I thought I was building, the wealth I thought I was creating, literally, it got uprooted.
And I had to plant some new seeds during that lowest, darkest of times. And those new seeds I planted then I wouldn’t wish on anybody. That experience. And I certainly didn’t want it for myself. Wouldn’t have ever even imagined it, frankly.
And yet, how could I have possibly imagined that those seeds that we planted during that time would grow into some amazing success stories and other books that were wonderful and other investments that I would do, and other experiences that I would have that would be some of the best investments I ever made – investments of time, and effort, and money?
I go back to the recession of 1974 which was a horrible recession. They’re now equating this Recession to that one in 1974 which was really, quite a contraction. And I graduated from college in the middle of that. That was my… April, a Masters in business, walking out there trying to find a good job and hoping to step into the new world of entrepreneurship — not entrepreneurship. I wanted a job is what I wanted. I wanted employment. I wanted to be like my Dad.
Like I shared with a group yesterday, it turned out to be a very devastatingly horrible experience because I sent out 30 applications to 30 of the greatest companies in the world. Ones that you would recognize the names of: General Foods, General Mills, General Motors, General Electric, and generally any other companies I could think of.
There were 30 of them that I selected. Hand-selected. Spent hours and hours and hours in a library, BYU, hand selecting 30 of the best, sharpest, brightest most fabulous companies. I filled out my applications, I sent them out to all these 30 companies, I got 30 rejection letters from every single one of them.
It was a devastating experience. Once again, it didn’t prune my tree, it cut my tree off at the base. And I literally had to go plant another tree because I had spent two years of my life preparing as a Masters in Business in Administration graduate, preparing to be in a major corporation, to get a job, to have a career.
I spent two years of my life investing into that. And at the end of that time I come into a recession where nobody’s hiring and nobody was hiring me. There were only two people out of my class that were not hired though. And I was one of them. What do you do with that experience?
The tree I had been planting and nourishing, and pruning, and fertilizing, praying that it would grow, literally died — and I had nothing. It was dead. What am I gonna do with it? It’s because of that, it forced me — I didn’t have any choice — to try and look for other opportunities and I found a millionaire at the time who was a real estate investor and a wonderful guy. Happened to be in my church group and I went up to him and said:
“Paul, I just got my MBA and what I really want to do is learn how to invest in real estate., Can I work with you?”
So he gives me a job selling real estate in this development he had down south of Provo, Utah, in the mountains of Utah. It was recreational property. Along a stream and there were some logs up high in the mountain and he was having trouble selling it. Because why? Because there was recession. Nobody was buying. He said:
“Yeah, I’ll take some help. You can go out and sell this land that I can’t sell.”
And I didn’t know much about selling. I tell you it was hard. But the best thing that came from it, obviously, was a mentorship from this millionaire. We got to drive down together to the project. Took about an hour to drive down and I get there, and sit in the seat next to him, and pick his brain and figure out what went on.
And the most important lesson I learned from him the entire time is I finally got that he was a multi-multi-millionaire, but he was just an ordinary guy with extraordinary drive. But he was an ordinary man, he was a good person. He wasn’t the way I kind of assumed rich people to be.
My Dad wasn’t a rich man; he was a very humble accountant. Not flamboyant at all; wasn’t an entrepreneur. He had tried some things during the Great Depression, had gotten burned a couple of times, so he went and got a job and stuck there for the rest of his life.
He was not a risk taker at all. Where did I get this risk-taker stuff? Nobody mentored me in what I was going through in high school. My dad was just very secure and very security-oriented. And I didn’t realize I was an entrepreneur.
Of course my Grandfather had been an entrepreneur. He had a little store that he launched in our town. Raymond, Alberta, Canada called the “Mercantile Store” and he was a good businessman, he was. But the genes did not translate to my father.
They skipped a generation, they went to me and I’m still not that great of an entrepreneur. I like to take risks, but sometimes I’m not a good businessman to really pull all the details together, but the bottom line was I thought I was gonna be an employee like my Dad and I didn’t realize I was going to be an entrepreneur like my Grandfather.
In 1974, which was the horrific recession when I had invested huge amounts of time and huge amounts of money, huge amounts of heart and desire, and plan, and vision. For me to be like my Dad, you know, I failed miserably and from that, the seeds I planted there, grew into the best selling books that I now write. There is no way that I would be as influential as I have been with some folks through the books I have written, if it hadn’t been for this massive collapse in my own personal life in 1974.
Then in 1981 and 1982 which was a horrific recession for most people, the “double-dipper”, that’s when Reagan came in and tweaked a few things and we went back into recession again. That was a nice double-dip, but guess what? Those seeds I planted in 1974 pushed me into investing real estate at the exact right time.
The recession was at the bottom of the “U,” but I started buying real estate on the right side of the “U” as we were coming out of it so my properties increased in value and by the time we tipped over in 1981 or so, my equities were in excess of a million dollars, I was a millionaire. And there’s no way I would have been a millionaire if it hadn’t been for me being forced —FORCED — to plant another seed that I had no desire to plant.
Sometimes things just happen that force you to do things that you don’t want to do. And maybe some of you at this time in you life are being forced to do things you don’t want to do and that’s just the way it is. What can you make of it?
So as ’81 and ’82 were coming around the interest rates were going through the roof. Inflation had gone up. Don’t you remember those 16, 18, 20% interest rates? No one could sell their real estate ‘cause no one could qualify for the loans, and guess what?
My book comes out “Nothing Down, How to Buy Real Estate with Little or No Money Down.” You don’t need mortgages or if you do the seller should carry the financing with much lower interest rates. That book came out at the exact right moment. It was the best of all times for me personally.
The years where people were going through that recession were boom times for Bob and Daryl Allen. Huge, huge, boom. And then five years later, guess what? It was total wipeout for Bob Allen.
You know back to the “Dip of 1986,” it wiped me out. The company we launched during those boom times, we hadn’t prepared it to last through the times when their weren’t booms and it got wiped out. What am I gonna learn from that?
Oh my gosh, this is terrible the tree got cut off at the roots. I had to go plant another seed, another tree and that’s what we did in 1986, 1987. Tom Painter came down to California and he said let’s launch this business again, Bob. And I said:
“I’m not gonna do it again unless we teach what I really believe about wealth and not what people want to hear.”
I believe that wealth is deeper than money. It’s not just material. Wealth is spiritual, frankly, and so if I talk about those kind of things in the seminars… up to this point I wouldn’t talk about stuff like that because I didn’t want to have people — if I can be honest with you — I was afraid of what people would think.
Here I am the famous guy talking about my real estate seminars, but I wouldn’t talk about what was really important to me, what was my value of what wealth was and my spiritual values, and how I believe in a Heavenly Father who really is taking us through lessons in life.
I didn’t talk about that stuff before 1986 and I couldn’t not talk about it after 1986. Because the experiences that had happened at the bottom of 1986, for me. And I said to Tom if we are going to build that seminar business again man I’m gonna tell people the way I feel and what my beliefs are, and if they don’t like it then maybe the business won’t survive. And that’s what he said, he said:
“Tell it like you believe it, Bob. You tell them what you think. You have a certain following, you tell them the way you believe it.”
And if you’ve been on Breakfast with Bob you know. I just tell you what I believe, you can buy it or not. You can listen or not. I’ll tell you what my beliefs are and if some of those beliefs are valuable for you to listen to then listen away. And if not then don’t, you know? And so that’s what happened in 1986 and the seeds that got planted in 1986 it grew and grew until 1991 (chuckle) when guess what? Got wiped out again.
I go back over these recessions over time and I don’t know which recessions you remember, but I have memories from each one of them. And once again the tree got cut off. Had to plant some new seeds, got some great learning from that. Like I said, when this guy asked me this question:
“What was the time of your best investment you ever made?”
I instantly go to the bottom of all recessions. Why? ‘Cause although they’re painful and not fun, it’s where I got my greatest learnings. Where the greatest seeds got planted where the most amount of Wealth with a capital “W” was created in my life personally.
Wealth with a small “w” got wiped out, usually, but the Wealth with a capital “W” made me a better person, it made me stronger, it made me more clear about what I wanted to do. It forced me into what my purpose is.
And so what I challenge all of you to do, obviously is to…well, to finish the story, when the gentleman asked me when the greatest investment I ever made was, it was when I had my own personal shift about the recession of 2009. Because although I had gone through this little dip of “Oh, woe is me” when he asked me the question when I made the best investment, where I created the most amount of wealth in my life.
And I scanned back and it took just 30 seconds. And I scanned back rapidly over my life, you know, scanning of when the greatest amount of wealth was created and I went to each one of those dips and rather than looking at those dips and recessions as down times, I had transformed each of those experiences in 30 seconds from an “Ow” to a “Wow.”
I looked back over the “Ows” that I had had – the “Owwwies” and this is what Clive first said on the phone the other day when we were talking about “Ows” and this was actually Clive’s line:
“Turning an “Ow” into a “Wow!”
And that’s exactly what happened in my thinking.
I went back over the times in my life when there were dips and they all turned from “Ows” into “Wows” and I though, “Wow.” So you know looking forward into this uncertainty that all of us are involved in, I’m looking forward to the “Wows” that are gonna come out of it. Aren’t you?
If you’re anticipating the “Wows” then it totally changes the experience you are going through. As the old joke goes:
“There’s gotta be a pony in there somewhere.”
And so where’s the pony? And then you ask yourself the question:
“What kind of investments am I going to be involved in during these dips like this that actually will increase my small “w” wealth.”
So lets ponder that question for just a few minutes. So we’re gonna get capital “W” Wealth from experiences like this, right? That means we’re gonna have personal growth come from it. We’ll learn powerful lessons to build our capital “W” wealth, right? But what kind of things would you do during times like this where your wealth with a small “w,” where you would be making money during times like this?
Now there are 24 million businesses in America and all of them are at the starting line of 2009. As the gun goes off and the horses start to race, you know? And these 24 businesses are racing towards the end of 2009.
Some of those businesses, those 24 million businesses that are out there, 16 million of them are solopreneurs — these are usually one-person businesses operated from their own home or a small storefront with very few employees. Most of the businesses in America are all small. There are a few biggies.
The biggies are the ones we think represent the business world but those biggies the 30 ones when you read about the Dow Jones average going down. The Dow was made up of 30 major corporations. Those 30 companies such as Wal-Mart, and Microsoft, and General Electric, etc.
These 30 biggies are what we are gauging this recession we are going through, what we are really saying is that all of these major corporations are retrenching and they’re shrinking a little bit. They’re pruning their trees to get ready to have a better harvest later on.
But most of the engine that supports America are these small, little businesses. And some of them, at the end of 2009, are going to do extremely well. And some of them are gonna do extremely poorly. Some of these businesses will be dying by the time we get to the end of 2009. They were hanging on by a thread in 2008 and by 2009 they put the last nail in the coffin, it’s done.
What’s gonna happen? From that failure that happened? Some of those people that failed during this 2009 they’ll find out whether they’re entrepreneurs or not. If they’re entrepreneurs guess what they’re gonna be doing in 2010? They’re gonna come back, they’re gonna learn the lessons from 2009 from that failure, and they’re gonna keep coming back. They’re relentless they just cannot be stopped.
Some of those businesses are going to go across the finish line and just make blazing amounts of money during this period of time because what entrepreneurs do is they find opportunities no matter what kind of period of time we’re going through. So are you that kind of entrepreneur?
So, some of you are going to make blazing amounts of money in the real estate market. You’re going to negotiate for the most incredible deals. Banks are going to be giving properties away.
Is it going to be easy to find them? No, it still isn’t easy to find them. It sounds like they’re everywhere, but they’re taking time. That’s why we met with some of our students yesterday and they’re doing some amazing, incredible deals.
They’re bringing in blazing amounts of money. They’re getting properties with cash flows. They’re getting deals that are just spectacular, you know. So at the end of 2009, some people in these 24 million businesses that are out there will be doing extremely well. Some people on the internet are doing blazingly well.
What would be “doing well” on the internet? Well when people are losing jobs, the entrepreneurs that are losing jobs would be like me. I’m an entrepreneur, so when I couldn’t find a job I was forced into doing my real estate deal and launching businesses and things like that.
But there’s a lot of entrepreneurs that have been inside corporations that may have been miserable. May have not been happy. They don’t want to work for somebody else. They knew that they were destined to be financially free. But they didn’t dare quit.
Maybe they had a spouse or family that taught them that they needed to do the right thing, the secure thing, the thing that would put food on the table. But gosh, when they can’t find a job these desires of entrepreneurship are going to start to sprout and they’re going to start to say they always wanted to :
“Launch this little business, this little thing online. “I’m passionate about online marketing”
and he’s been dabbling – this employee on the side has been dabbling in the internet and has found a few affiliate programs that he’s gonna excited about and kinda decides:
“You know since I don’t have a job maybe I should just put 100% of my time into this for the next 90 days and maybe I could be making money within 90 days.
And then maybe I’ve gone into a brand new path where I don’t have to worry about the next recession we have because thousands of affiliate programs are out there. There will always gonna be affiliate where people will be wanting to buy information and stuff that will help them solve their problems during recession times.”
So there’s gonna be some online marketing affiliate programs that are just going to be blazingly incredible. I had a gentleman call me the other day, I went up to a conference in a cruise ship in January, and he said:
“Bob let’s do this, let’s do the Challenge again. Let’s do the Challenge you did in 1984. When you wrote the book the “Challenge is to Retire to the World of Wealth.”
And he said:
“Let’s do it on the internet this time. Let’s pull people from the unemployment line and let’s show how you can take a person that has absolutely nothing and in 90 days replace the job income they had before they got laid off and then they can be on their way to a brand new life.”
And it’s absolutely true. They’ll be people who are making money online, blazingly amounts of money.
When it comes to network marketing some of you have got companies that are really just kicking butt. And there are some companies that aren’t frankly kicking butt. But in terms of network marketing, some are just blazing at times like this. It just seems the perfect opportunity and people are forced to do it, so they figure out how to do it and they go out and do it, and they make times like this look like the best times of all.
So, we’ve got the internet. We’ve got network marketing. We’ve got fabulous real estate investments. We’ve got the stock market. You know, there are ways to make money in the stock market. I don’t know if you’ve been on our calls with Dr. Cooper, but he has great success stories. In other words, the multiple streams of income that we teach, if you’ll select the right forms of them, you can make 2009 a fabulous, fabulous year.
So in a short time today on what we call Breakfast With Bob, I just want you to scan back over the “recessions” of your life. And look at the capital “W” wealth that you were able to create from it. These recessions may not have been the recessions of the traditional cycles that we go through, such as 1974, 1981, 1986, 1991, 2001, etc. May not have happened during those times; you might have been off cycle. but you had recession. Some of you have had depressions.
What capital “W” Wealth did you create during that time? Did you forge during that time? What did you become? Who did you become because of it? And then with that capital “W” wealth which is:
· Courage; and
· Determination; and
· Persistence; and
· Action when no one else is willing to act; and
· A positive attitude when no one’s willing to be positive; and
· Persistence when everybody wants to quit; and
· Spiritual depth when everyone is saying “God is dead”.
As an empowered and enlightened entrepreneur, how are you gonna get through and use that courage and strength and persistence to make some small “w” wealth?
My goal and my hope, and my prayer and my desire for you in this shortened call today because I have to run over to the hotel today where the folks are waiting for me, I wish you well.
I wish you capital “W” Wealth. And go back through your inventory of capital “W” Wealth. What got stronger, what got weaker? Did some of your fears get bigger during a recession of your life? Time to put those behind you now.
All right, that’s the capital “W” message for today, have a wonderful day, thank you very much. God bless you. As your friend and mentor, this is Breakfast With Bob, I’m Robert Allen.
For those of you are our success stories if you listened to the beginning of the call when Tom Painter was on the call, join with us on the 24th of March where we’re gonna rub shoulders with some of the people out there who are making lots of small “w” wealth and capital “W” as well.
Thank you. Good luck.
March 4, 2009 – Full transcription of call