What is Kappa Alpha Psi Fraternity, Incorporated? Well my friend I am glad you asked that question.
On January 5, 1911 ten men came together on the campus of Indiana University: Elder Watson Diggs, Byron K. Armstrong, and eight other black students John Milton Lee, Marcus Peter Blakemore, Paul Wayne Caine, Henry T. Asher, Ezra Dee Alexander, George W. Edmonds, Guy Levis Grant, and Eward Giles Irvin.Originally charted and incorporated Kappa Alpha Nu on April 15, 1911, the name was officially changed to Kappa Alpha Psi on April 15, 1915.
Kappa Alpha Psi Fraternity, Inc
Today marks the 103rd celebration for my beloved fraternity Kappa Alpha Psi, Inc!
Our Fraternity is predominantly African-American whose fundamental purpose is ACHIEVEMENT. Kappa Alpha Psi seeks to train its membership, particularly undergraduates, for leadership roles in their respective communities and the attainment of a high degree of excellence in their academic pursuits.
Kappa Alpha Psi Fraternity established a Chapter on the campus of Savannah State College (now Savannah State University) Saturday night, April 29, 1950.
The charted Chapter was composed of thirteen men, who were formally initiated into the Gamma Chi chapter of Kappa Alpha Psi Fraternity.
Following the initiation officers were elected: Polemarch, Harry Mason; Vice-Polemarch, Emerson Walker; Keeper of Records and Exchequer, Julies Williams; Strategus, Richard Mole; Historian, William McLemore and Dean of Pledges Jesse Morgan.
On April 1, 1994 at Savannah State University I became a member of the Gamma Chi Chapter of Kappa Alpha Psi Fraternity, Inc. This year will mark the 20th year of my membership in this elite organization. I am proud and honored to be a member of this noble clan.
Can you really change your life with Empower Network?
Well how BAD do you really want to be successful? What HAVE YOU DONE this year to empower yourself to achieve that success? To succeed in your business is hard to achieve, but not impossible!
When you decide to take that step, your life changes. Your situation becomes more than you can imagine.
I realize some of you may or may not have heard of Robert Kiyosaki but the man is full of knowledge and wisdom. Through his various speaking engagements, books, and videos he shares very sound financial principals for becoming rich and/or building wealth. I wish more schools would start hiring successful business men and women like Robert Kiyosaki as teachers so teens can learn, understand and incorporate these financial principles earlier in life.
Who is Robert Kiyosaki?
Here is what Wikipedia has to say,
“Robert Toru Kiyosaki (born April 8, 1947) is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and occasional financial commentator. Kiyosaki is perhaps best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written over 15 books which have combined sales of over 26 million copies.”
I first got interested in buying investment property from watching those late night infomercials with Carleton Sheets and his “No Money Down” course.
Some of you may know what I am talking about if you watch TV late at night or real early in the morning.
Anyway, the more I watched his presentation the more it began to make sense to me.
I watched Carleton’s “No Down Payment” infomercial for about 2 weeks before I finally decided to order his program to see what it was all about.
When the package came I read every chapter, listed to the audio CDs and watched all the video tapes.
I was pumped!
I didn’t stop with Carleton’s course.
I began to research anything and everything about dealing with buying investment property from the internet.
I ordered books online and checked out books from the library also.
Eventually I bought my first house and my life as a real estate investor had begun…
In this article I will discuss a few benefits I received from buying investment property and how it made me a millionaire!
This was my first house and I lived in it for 4 years! It was a foreclosure and I bought it for $20k less than its market value. Completely paid it off in 7 years. When I moved I made it an investment property and rented it out!
CLICK HERE to see the program I used to pay off my 30 year mortgage in only 7 years!
You make money in real estate when you BUY not when you SELL”
Buy Investment Property And Create A Passive Income Stream
Maybe you have heard of the term passive income but don’t know exactly what it is.
A Passive Income stream is something that is developed after having to work hard at once.
And once you complete that hard work (task), that’s it.
Your work is done! The money will keep flowing into your bank accounts for the rest of your life … whether you work, sleep, travel the world … or even die.
Say for Example – Books, Music & Movie Royalties.
Royalties are the best examples of passive Income.
Robert Kiyosaki, the New York Times Bestselling author of the Rich Dad Series of Books, worked hard only once to write a great book.
Once the book is created, his job is over. He will make money even while he sleeps … without any further efforts. This is due to the that people will never stop buying his books.
Other Examples of Passive Income are:
– Rental Income
– Interest Income
– Dividend Income
– Online Income (Blogs, Websites, Affiliates Marketing … etc …)
– Royalties
– Network Marketing
– Business Income … etc …
In all the above cases, you have to work hard only once in order to develop that passive income stream. Once you complete your hard work, your job is over.
So after you buy your investment property your goal should be to always keep it rented. By keeping a tenant in the property you will collect a monthly rental income. Use your tenant’s rental income to make your mortgage payment. There is a little more to it but using this simple strategy your tenant will basically buy your house for you! Isn’t that wonderful? This is what we call using OPM (Other Peoples Money) to build your real estate empire.
Now once your mortgage is completely paid off and you own the home Free and Clear you will be able to pocket the majority of the income (minus taxes, insurance and repairs).
Think about it this way. What if you had about 10 houses that were completely paid for (mortgage free) and each house had a monthly rental income of $1200? That would be $12, 000 a month or $240,000 a year that you would collect for as long as the houses are rented. Would you still be working your same old job you are now?
Buy Investment Property And Increase Your Net Worth
What is your net worth and why is net worth important?
Your net worth is the total of your assets (property and possessions that you own) minus the total of your liabilities (money that you owe).
Your net worth is critical information. Knowing your net worth is the first step in organizing your personal finances and building wealth. But even more important as a real estate investor you need to understand how banks view your net worth. Keep detailed records of your assets on your balance sheet (excel document).
When a bank is reviewing your business documents, they’ll want to see that you’re paying careful attention to all of the relevant factors. At some point you may have to borrow money from the bank.
But before you receive any money from a bank, the lender will scrutinize both you and your business to see if you’re a viable borrower. So if you pass a credit check and you operate a healthy business, most banks will also require an additional, and tangible, guarantee that their loan will be repaid: collateral.
You may not have a high paying job or a lot of cash in the bank but if you have a lot of assets the bank will definitely consider that! Having multiple income producing investment property on my books has allowed me to receive large personal and business loans I know I would NOT have otherwise received from the bank!
Buy Investment Property And Build Wealth
Buying investment property is the rich man’s secret to building true wealth. Real estate normally appreciates (goes up in value) over time unlike a new car that depreciates as soon as you drive it off of the car lot! Let’s go back to the scenario I described earlier.
If you have 10 houses that were completely paid for (mortgage free) and each house appraised for $120,000. If you were able to sell each house for $100,000 you would still pocket a cool one million dollars! Not bad, especially since you started off with a handful of lint in your pocket.
Let’s face it, most people are not going to build wealth in their lives based on their salary only. Making a lot of money doesn’t make you wealthy! Unfortunately when you die so does your income UNLESSyou have created a PASSIVE INCOME stream! Are you going to leave your family a bunch of debt (liabilities) or wealth (assets)?
Yes, Investment Property Made Me A Millionaire
Using the techniques I describe above I became a millionaire on paper. That means although I don’t have a million dollars in the bank if I were to sell all my investment property at the current market value I would easily surpass the million dollar mark.
Buy Your First Investment Property Today
If you have not already done so, try starting with buying your own home first!
P.S. If you have enjoyed this article please make a comment or share with others!
Ever tried to throw a home party and have nobody show up?
Or spend a lot of time getting your product display all set up, laid out perfectly, and spend the money to get refreshments and appetizers laid out, only to have one or two people actually attend?
And they only buy a product because they feel sorry for you?
That’s just embarrassing! Not only is it disappointing for you, but it’s a huge waste of time and money.
The thing is, people lead busy lives these days, and they don’t have time to drive all over town to attend a party unless it’s the weekend. And most people are busy enough that they don’t want to spend their weekends in your living room getting pitched on your product and opportunity.
Again, this worked fantastically back in the “good old days”, during the 1960’s and 1970’s.
However, times have changed, and the “party plan” is really a “sorry plan” for consistently recruiting new clients and business builders into your organization.
Sure, big companies like Amway, Tupperware, Avon, Pampered Chef and Mary Kay teach this strategy and for years their representatives have used home parties to build large, lucrative companies.
But this is an old and outdated way of building a business. The fact is, these types of “warm market” tactics have been taught in the direct sales industry for over 50 years. The problem, is that they stopped working about 45 years ago! LOL! Don’t feel too bad. I have been there myself. From day one in my business, I wanted to be a “Heavy Hitter”, one of the guys that get to walk across the stage at the events. But when people consistently don’t show up to your Home Parties And Home Meetings not only will you feel rejected but you will begin to doubt your self and may even feel you have been SCAMMED, ultimately you will probably quit.
So much for making a lot of money and walking across that stage, huh?
Truth is…
You Don’t Have To Use Those “Used-Car Salesman” Techniques Your Company Has Shown You To Grow Your Business…
Learning how to MARKET is the key. You have to market to your target audience. Unless you know how to attract dozens of new distributors each week into your downline, you are going to have a very tough time building a huge organization and getting those big residual pay checks.
I’ve struggled in this industry for years. But when I began to do some research on the network marketing industry what I found shocked me. The Big Guru’s build relationships over time with other like minded people and use Lead Marketing Tools to attract people that are already looking for your business opportunity.
BOTTOMLINE:Unless You Know How To Market Like The Big Dogs Up On Stage, You Will Struggle To Add Just 2 Or 3 People Into Your Business Each Week!
As we prepare to welcome in a New Year I wanted to write a quick blog post on New Year’s Resolutions.
Let me start by asking, what is your New Year’s Resolution?
Along with losing weight, getting out of debt is the most popular New Year’s resolutions in the United States. In general, these resolutions like all others tend to be forgotten within the first weeks of the new year.
If you resolve to getting out of debt this year, here is my idea for not losing sight of that goal.
Don’t Focus on ZERO Debt
….instead focus on financial freedom!
Debt is at worst slavery, at best willful indentured servitude. It destroys dreams! If your family takes home $2,500 per month from your job after taxes, but your credit cards, loans, and rent or mortgage total $2,000 each month, you work only one-fifth of your hours for yourself. The remaining four-fifths of your time at your job is exclusively for your creditors.
You might as well just hand your paycheck over or work off your debt directly with the credit card companies. Unlike slavery, you are free to leave this arrangement, your job, at any time by quitting and looking for another job with a pay increase, but that is not always a simple or practical solution.
Originally charted and incorporated Kappa Alpha Nu on April 15, 1911, the name was officially changed to Kappa Alpha Psi on April 15, 1915.
Kappa Alpha Psi Fraternity established a Chapter on the campus of Savannah State College (now Savannah State University) Saturday night, April 29, 1950.
