July 2017 - Mayowa Oluyede Archive

Archive for July, 2017

On Being Successful: Ten Great Lessons From 10 Successful Investors.

If you had 10 successful investors in the world give you an advice each, wouldn’t you be better off?

Let’s face it; we all can use some of these lessons to get better in life.

If you’ve seen others do it, shorten your learning curve and take cues from them. That’s an easy way to become great.

Here, I want to equip you with the same tips, tricks and secrets that these investors know. So that you can apply it too…

Lesson 1:

Robert Kiyosaki advises that ‘‘real estate investing even on a very small scale remains a tried and true means of building an individual’s cash flow and wealth’’

WARNING: It is quite unfortunate that today, many people still do not understand the power of investing in properties. Cash flow is important for wealth creation and no other investment strategy provides it as much in real estate.

Lesson 2:

Richard Branson says “Do not be embarrassed by your failures, learn from them start again.”

This is an indication that successful people fail too and to help us understand that failure is nothing to be shameful of since we all have a fair share of it. Remember this the next time you fail at anything, dust it off and get going again.

Lesson 3:

Warren Buffet says “Risk comes from not knowing what you are doing.”

Having an in-depth knowledge and being great at anything you do lowers your chances failure, such as you can almost predict right 90% of the time. To be successful in life, you must attain this level of knowledge in your field.

Lesson 4:

Jeff Bezos says “Life is too short to hang out with people who aren’t resourceful.

No wonder this man has become so successful. Association does make a difference in ones’ life. You can’t flock with the birds when you really want to soar like an eagle.

Lesson 5:

Elon Musk advises that you should “constantly think about how you could be doing things better and questioning yourself.

How much better are you today than you were yesterday? What are you currently working on to make your personal and professional life better? These are questions that you must keep in mind at all times because it will determine how far you’d go.

Lesson 6:

Billionaire Founder of Oracle, Larry Page asserts that “It is very hard to fail completely if you aim high enough.”

This is to encourage you to think big. You really have nothing to lose by aiming high enough, in fact, it’s all for your gain.

This also buttresses the lesson by Richard Branson that you should not be embarrassed by your failures, but rather learn from them start again.

Lesson 7:

Facebook Founder and investor, Mark Zuckerberg says “A simple rule of business is, if you do the things that are easier first then you actually make a lot of progress.

Learn to break down your goals into small-bite sizes so that you can have many small wins that will make the big wins.

Lesson 8:

American President, Donald Trump once said that “what separates the winners from the losers is how a person reacts to each new twist of fate.”

Life is dynamic, so much that we cannot predict what is to come. However, our reaction to whatever happens determine whether we will win or not. Keep this in mind that those who win in life do not give in nor do they give up, instead they give it all it takes.

Lesson 9:

Bill Gates, the world richest man advises that “everyone needs a coach. It doesn’t matter whether you are a basketball player, a tennis player, a gymnast or a bridge player.”

Remember what I said earlier about shortening your learning curve by learning from the ones who have been there and done that? It’s one the easy ways to become great in life.

Lesson 10:

Finally, let me also give you an advice here since I’ve spent fortunes learning from great men and have recorded my fair share of success as an investor.

Here is it. “Whatever your area of expertise, whatever you want to achieve, if you want to get to that destination faster get a coach. – Mayowa Oluyede.

In sum: Becoming a successful investor is actually fairly simple when you apply the above lessons. So let me leave you with one last tip…

“One of the elements that determine your success in life is action. You must keep working at it to work.”

I hope you find this helpful. Please share with your friends. Thank you!

Our Decisions and Choices Determine Everything

Do you know that your decisions decide your wealth?

A lot of time people wonder why they are not successful, but they are not looking at the choices they are making in life. Your decisions decide wealth, today I’m in this car park, and in this park there are a lot of different cars in this lot, from Mercedes Benz, to a range rover, that’s a Nissan and that’s another one there, a Volks Wagen.

People choose different cars for different reasons, it’s a choice. If you are going to prosper in life, it’s a choice, it’s your decision. The decisions you make determines where you will go in life, where you are today is as a result of all the decisions you’ve made in your life.

Where I am today as a result of decisions I made some years back. Is it that you decided that you want to go to school to upgrade yourself? Or you decided to change your career, you’ve decided to build a home, you’ve decided to improve in one area of your life. You’ve decided to lose that weight, you’ve decided to have more.

Everything is possible but all depends on the decisions you are making, decisions decide wealth.

If you want to be prosperous, you want to be successful financially, materially, family wise, if you want to scale up everything in your life, you have to be making quality decisions because some decisions, once you make a wrong one, it is difficult to change, it’s like you going to Liverpool and you’ve entered the train, once you’re in the train going to Liverpool, it might be difficult for you to change until you get to Liverpool town and often times, this is what happens to people in life, they make a wrong decision before they have a detour or to change course, it might take two three years, so I’m charging you today, make a quality decision in your life and if you want your prosperity to explode if you want your success to explode in life, quality decision, decision that is thought through and some quality decision require discipline, require passion, require dedication, require your commitment to make it happen, I believe you will take quality decisions in your life, and I want to see you at your very best.

Keep serving God; keep living life to the max and keep helping as many people on your journey to prosperity.

God bless you.

5 Principles to Win Big in Property Investing

I do not mean to brag at all, but I have had a good share of success investing in properties and that’s why I want to share these 5 principles I use every time to win big when I invest in real estate.

These 5 principles can make the difference for you when investing properties. It will help you buy like a pro and accelerate your investment journey faster than you can imagine.

1st Principle

Cash flow. I always buy for cash flow. Every time I buy real estate I keep it in mind that it must give me cash flow because if I put my money in the bank I will get interest. Likewise, if I put my money in stocks and shares, I will get dividends. So when I invest in properties I also want returns and that is cash flow. Property to me is a cash machine; it gives me income every day, every month and every year. When you learn to invest wisely, your returns will be good cash flow from your portfolio every time.

2nd Principle

Add value. I like to buy properties that no one wants to touch, properties that smell. I call them the smelling ones – the kind of properties that I can put my own signature on. I don’t look for perfect properties that have a good kitchen, good toilet or the like; I want to put my own signature on the property. So, I look for properties that are run down, not with structural problems but property that can be refurbished or renovated, the ones that need a new kitchen, toilet or bath. You can even put a new painting, new floor, ceilings or double glazing. These are the things that will make it look wow.

When you do this, you are adding value to that property and because of that, you will be able to buy this property at around bottom price. Also when you look into those properties, the amenities that need to be fixed are what you will use to negotiate with the vendor. Often times, when you get a property that is not good and you add your own value to it; you might have increased the value of that property by £25,000 to £30,000.

3rd Principle

Leverage; I always look for ways to buy properties without any of my money. Yes – you heard me right. I use different strategies to raise funds for my investments. If I want to buy any property, I look for a way to make sure I use little or none of my money. How do I do this? I could refinance my existing property, I could borrow from friends and family, I could borrow from the bank or I could do joint ventures. There are so many strategies that you can use to be your own bank, but leverage is key.

Did you know that property is the only asset class that the bank will lend you almost 100% for if it’s commercial? That’s the truth. Another testament that leverage is key, it is the ability to print your own cheque and be your own bank, and importantly one of the things that could make you a winner especially if you know how to raise funds not just for properties but for any other business. Whoever knows how to turn this tap will be a winner because cash is king.

4th Principle

Appreciation; I invest in property for appreciation. When I say that, I mean two types of appreciation that you must look out for. First, you need to understand that a property is an asset that you will enjoy its yields after a long time, around 8 – 20 years. In fact, most properties double between 8 and 12 years. This means, when you are able to hold properties for a long time, you will enjoy the profits of a certain income in the future.

Therefore, you are able to enjoy both capital appreciation and rental appreciation. This is very important to hold on to, property investing is a journey. Always invest for a long journey, If you are able to hold properties for a long time you will create wealth that you can be passed on to your children and the generation after.

5th Principle

Discount; is a vital one for me. This is the centerpiece of my principles. I will not buy real estate or property if there is no discount in it. I always buy below market value because you make a profit from day 1 when you buy not when you sell.

If I’m able to buy below market price at a discounted value of 10% or 15%, and if that’s just £20,000, it does not matter.

Do you find this helpful? Please share with your friends.

Mayowa Oluyede