The term "private lending" has, for too long, been misused and misunderstood to the point where misconceptions are almost as prevalent as the truth. This is why defining private lending is so important in the first place. Host, Keith Baker, reclaims the use of private lending by redefining how it should be viewed. Private lending, at its core, is an investment and should be treated as such. Get back to basics with Keith, and see why and how private lending is for you.
Redefining Private Lending: Does Your Money Work For You?Are You Wanting An Investment Or A Job?If you are looking for practical old-world wealth building principles and techniques to be discussed, you're in the right place. If you want to learn from my mistakes in investing in real estate as a private lender, pull up a chair and pour yourself a drink because this show is for you. Before I get too far along, there is a nice little freebie at the end of this. Now that I've shamelessly attempted to pique your curiosity with the cheap marketing tactic, let's get down to the brass tacks and right to the heart of the matter. Taking some time off and switching jobs has been a very good exercise for me. It's gotten me some clarity about this show and where I want to take it. I just want to stop talking about it and start doing it. That's part of the trick at the end is getting moving, taking some action and getting a lot more clarity in my message, in my marketing and all that fun stuff. I'm hoping that I can shape and modify some mindsets for both of us and we'll see how it goes. We are in a rapidly changing world. The notion of 5G and what it's going to be able to do boggles my mind. I'm still hung up on nanotechnology from decades ago. There's so much out there, so much is changing. I'm just a guy, who am I? There's a lot of noise out there. There's a lot of people out there online and saying this, saying that. Some of them are ripping people off. I know some of these people. I don't like to admit it, but I do. During the hiatus, I was able to sit down and think about where I want to take this thing and what the mission is. I decided the first thing to do is to make some distinctions publicly on the show, in Facebook and everything else. The first misconception people have is they think that private lending is a way to get rich. It can be if you lend in an unethical, immoral or illegal way. It's like anything else. You can make as much money as fast as you can. If that is your intention, then this show is not for you. [bctt tweet="My money, my terms." username=""] If you are reading this, go ahead and stop it or unsubscribe because you'd be doing both of us a big favor if you did. That's the biggest thing I wanted to get out first. Distinction number two, I am not or nor is this show a hard money lender or a broker. Hard money lenders work for their money and so do brokers. I do not have any interest in taking somebody else's money at a lower interest rate and arbitrage it back out at a higher to somebody else. It's just too much work. I also don't loan to strangers off the street. That's what hard money lenders do. Plain and simple, my goal is to educate people and provide a little bit of help, some education and some avoidance techniques of how to be able to lend to real estate investors that you know and on projects that you understand. It's an education thing. I always wanted to be a teacher. With that distinction, I want to clarify that the mission is to help motivate people just like ourselves. Learn how to diversify their investments into the most passive form of real estate investing there is, that is being a private lender. [caption id="attachment_2665" align="aligncenter" width="600"] Defining Private Lending: Unless you hire a money manager to handle your funds, every investment requires some level of action from the person making it.[/caption] Also, seek alternatives to Wall Street, banks and brokers. It still bothers me