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Thursday, April 9, 2009

Cash Flow Note Business Success - A Story About The Lone Wolf

By Dean Engle

A Look at the Cash Flow Note Business

My friend Heather, flew in this weekend to celebrate her 40th birthday.

We went to the Samovar Tea Lounge near my house, and over some white tea and salmon salad, we spent hours catching up.

It was blissful.

She told me about a current project that she was working on, and it really left an impression on me.

I instantly thought about how her story related to my cash flow note business. Simply because not only did the story have a direct impact on your life but it also impacted the way you interacted with other people in your community.

How Heather's Story and The Cash Flow Note Business are Related

Heather's an artist, a very talented one, who has specialized in story-telling through different media. Very different from my speciality which is buying notes.

The project that she is working on now, documents the life of a member of the Skagit Indians in the state of Washington.

The wise woman was considered a community builder within her tribe. And during a pre 9/11 interview, this woman told Heather that people were empty. They were no longer fulfilled.

And then Heather told me about a Hopi poem about the Lone Wolf.

As I read the poem, I knew that I wanted to share it with all of you. This poem serves as wisdom to everyone, especially to those of you new to the cash flow note business.

Words of Wisdom, Gaining Success in the Cash Flow Note Business

Read the poem that i'm sharing with you...

"There is a river flowing now very fast. It is so great and swift that there are those who will be afraid. They will try to hold on to the shore. They will feel they are torn apart and will suffer greatly. Know the river has its destination. The elders say we must let go of the shore, push off into the middle of the river, keep our eyes open, and our heads above water. And I say, see who is in there with you and celebrate. At this time in history, we are to take nothing personally, Least of all ourselves. For the moment that we do, our spiritual growth and journey comes to a halt. The time for the lone wolf is over. Gather yourselves! Banish the word struggle from you attitude and your vocabulary. All that we do now must be done in a sacred manner and in celebration. The poem ends with the words: "We are the ones we've been waiting for."

Cash Flow Note Business, How Does This Poem Relate?

Here's how this applies to you directly in your (and my) Note Buying Business.

a) The river flowing fast resembles you, and the unknown world of investing in nonperforming notes. It must terrify you.

b) The other people who are less adventuresome than you will "hold onto the shore" while you proceed.

c) Trust in the river - and that it has a destination - one that you'll be able to reach if you allow yourself to "flow" with it. (example: multiple exit strategies for you defaulted mortgage business)

d) The lone wolfs time is over. Look at it this way, in order to succeed in your cash flow note business, you need to reach out. Reach out to people, who are these people? Investors, title officers, bankers or real estate agents.

e) In your process of learning how to swim in a river moving at speeds you aren't used to. You won't be struggling. You will learn how to float. As you learn the lingo of your cash flow note business, learn the process, learn what the trade looks like, eventually your first deal will close. All of this happening while you let the river carry you through it.

Tip on the Cash Flow Note Business

The important lesson learned? "We are the ones we've been waiting for."

So listen to what I'm saying. Write this down, put it on your beside table or your desk even. This is your new motto for your new Non Performing Note Business.

You can do whatever you put your mind to. You don't have to wait for anyone.

Imagine the conversation: Me, meet Me.

Don't underestimate how powerful this simple little realization can be.

As Heather put it to me earlier tonight, she said: "the most powerfully creative moments for an artist are when we get out of our way, and just let our creative energy flow."

Remember - you're the one you've been waiting for.

Now get out into that river, make use of all the other wolves out there. - 23229

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