December was a hectic month for me and I have pretty much neglected discussing money management and personal finance in lieu of other activities. I’m sure most of you probably think I’m referring to the normal holiday craziness that comes between Thanksgiving and New Years. While that certainly added to my busy-ness this month, I had several other balls in the air that have demanded my time.
I think when I look back on December 2008, I’ll remember it as one of my most financially rewarding months.
You may not know that I have been following and performing the “Millionaire in Training” series of exercises hosted by Adrian Cartwood over at 7m7y.com. Adrian (a multi-millionaire in his own right) has a goal to mentor seven people to multi millionaire status. My participation has been to merely follow along doing the same exercises he gives his millionaire trainees. It’s been a introspective series of exercises and I’ve spent a healthy amount of time determining my life’s purpose and how much money I need in order to fulfill my reason for being here on Earth.
In early December Adrian had a spot open up as one of the millionaires in training bowed out of the program to enter into a business arrangement with Adrian (that’s against the rules of the mentoring arrangement). I was completely caught off guard when I received an email from Adrian asking me to join his mentorship experiment. It took all of about 10 seconds to accept the offer. How often does a multi-millionaire offer to mentor you? Exactly.
So I’m officially a “Millionaire in Training” and you can check out my first post on 7m7y.com where I elaborate on my life purpose, net worth and most importantly my Number. Aside from the potential financial upside of this development, I’m excited to see how my leadership approach to money management and personal finance fits in with Adrian’s methods. I think there is going to be some great lessons here for my Money Leader and Money Manager.
If that wasn’t enough, my wife and I threw our annual “Old Fashioned Christmas Party” which has over 50 years of history and tradition spanning three generations in her family. In the aftermath of dirty dishes, stale beer and wine, we found a foreclosure home in the Boston area, made an offer over the Christmas holiday and found out it was accepted just before the New Year.
At the same time we showed our home in Virginia to prospective tenants and it looks like we’ll be signing a long-term lease in the next couple weeks.
It’s been a hectic flurry of decision making, income and expense projections, mortgage calculations, break-even rental analysis, negotiating and poker playing.
Success is becoming more of a reality everyday. The tenants references are checking out with flying colors, and the deal in Boston is coming together nicely. When it’s all done I’ll have a home rented, a profitable real estate transaction complete and a new home in Boston to move into.
I wish you all continued success in 2009.
-Jeff
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2 responses so far ↓
1 AJC // Jan 1, 2009 at 11:06 pm
Sounds like a busy - and, potentially profitable - start to the New Year. Good luck, Jeff!
Adrian.
2 Jeff // Jan 1, 2009 at 11:14 pm
Adrian, thanks for the well wishes. I expect that you’ll be a part of my future successes as well, so consider this a “Thanks” in advance.
Jeff
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