Wealth is a team sport

As an entrepreneur or a business owner I would bet that wealth is something you think about fairly often.  Making it, keeping it, sharing it.  All of those are thoughts I have every day.  I am also a strong believer that wealth is a team sport.  I would bet that you have heard that before now.  So what does that mean?

I would contest that no one has become truly wealthy alone.  We all have limited resources in the forms of time and money and concentration and what we can work on.  To obtain and live in abundance requires more resources than any one person can bring to bear alone.

Let’s look at some examples and see where the team lies behind the wealth.  Solopreneurs work alone right?  They build their businesses and accomplish greatness through the effort of their own labors.  Yes and no.  They do toil on their business, but many also bring on help in the form of assistants or virtual assistants.  Then there is also the community that is built around their brand, plus the guys who work on the website or blog, and we can’t forget the customers.  If nothing else, we have to acknowledge without people to buy your products then there will be no success.  Other people on the solopreneur’s team might be lawyers, accountants, suppliers, mentors and coaches, etc.

What about real estate investors?  They find the deals and do the negotiations and close the contracts, they definitely don’t need a team!  Wrong.  Who closes the contracts?  Typically an attorney or title company, and many investors will use the same agent through many transactions.  That closing agent is definitely part of the investors team.  Also anyone who gives a referral to the investor.  Then we again have assistants, property attorneys and maintenance crew that might come in on a contract basis and not be full time staff.  All part of the team.

Why do these team members help someone else.  In many cases they are doing what is right for them in their path to abundance.  The investor or the business owner shares their wealth with their team members, which actually brings everyone up.  That sharing of wealth can be in the form of paying for services, offering some kind of assistance or trade, or in partnering and sharing the profits after the deal or project or launch is completed.

Partnering on something is a very powerful tool for building wealth.  I think for a partnership to be successful everything has to be clearly defined as to who is responsible for what.  Once that is established and everyone does what they said they will do, then there is much more wealth to be built by everyone than if they were working alone.

So in closing I want you to think about who is on your wealth building team.  It can be the people who support you through your trials and give opinions on business decisions.  It can people that help you run your business.  It can be other business that you support because you buy things from them.  Just because you are on their team doesn’t mean they are not also on yours.

I would love to hear from you as to who is on your team and how you help each other build wealth and abundance in your lives!

Economics of Cataan

Welcome my friends back to the musings of my mind.  Last week I was talking about compounding resources and specifically interest.  This week I want to continue my thoughts about compounding though looking at it through the lens of a game.  As I have mentioned a couple of times, I enjoy games.  I think most games that exist have lessons that are applicable in business and life.  Please hang with me and we can roll some dice together.

The game I would like to discuss today is Settler’s of Cataan.  In this game players obtain resources from placing settlements on tiles and using the resources to build more settlements.  Each new settlement generates new resources, and there is the possibility of upgrading  a settlement to a city which generates even more resources.  Each city or settlement gives the player points and the game ends when a player reaches a pre-determined amount of points.  The players can also choose to use the resources to buy cards which do various things, including giving points.  On a side note I very much recommend this game for families or for anyone who likes games.  There is strategy and community building and socialization.  Even for people that do not like typical strategy games there is enjoyment to be had in this game.

So the way I typically play this game is just to build up as many settlements/cities as I can and get as many resources as possible each turn.  That is where the compounding effect comes in. The more settlements you have, the more resources you make off each toss of the dice.  Sadly this is just a board game, so there is no interest to utilize.  My theory on this route of playing is that the more resources you have, the easier it is to either build or trade for something you need, ultimately leading to a feeling of satisfaction as new resources are added to your cache every turn, possibly even winning the game.

That is all well and good for a game, but why am I telling you about it?  I feel like this can directly apply to rental real estate as well.  The more properties you own, the more resources (or in this case cash…) comes in.  Granting satisfaction and freedom and control over your life.  Will owning rental real estate make you win the game?  Depends on the game and what you want out of life.  If the game you are playing is to give affordable safe clean housing to people, then yes real estate will help you win that game. If your game is to live comfortably and work only several hours a month maintaining your properties (or even better and not work at all because your apartment complex is big enough to have onsite staff), well that is what real estate is all about.  So yes, rental real estate and increasing your monthly cashflow can indeed help you win the game.

There is another benefit to real estate as opposed to Settler’s.  Like I said earlier, there is no interest in Settler’s, but there is in real life.  So collect your rent checks from your tenants, then put the money someplace where it will grow some interest for a while until it is large enough to purchase another investment.  In Settler’s once you buy something it is a permanent fixture on the board and the only wealth it holds is the future resources that is generated by having that settlement. In real estate, once you buy something it is still worth money that you put into it.  You can leverage that value to accelerate buying another investment or even sell the property if you need a pile of money for something else.  That is on top of the cashflow generated and that is the power of real estate.  You buy something that still has value and provides cashflow.  Using all of the benefits of owning real estate is a very good way to obtain personal financial freedom.

I believe games can teach as well as being enjoyable past times.  Here is what I think Settler’s of Cataan can teach us.  First that there is no competition in real estate.  Work with the other people in the business and everyone will prosper.  Next that it is best to create win-win scenarios whenever dealing with people.  This makes both the game more enjoyable and makes life more prosperous and fulfilling.  Last increasing the number of properties you own will increase your wealth and your options in what you can do.  In all I think that there are opportunities to grow everywhere in your life, you just have to embrace them and apply those lessons.

Until next time, feel the fear and do it anyway.

Compounding Resources

Welcome back to my little corner of the internet.  Today I want to talk about compounding interest, and actually compounding in general.  First to set the theme I have some insight from Randall Munroe of XKCD:



The numbers in this comic are low, but the math is sound.  The idea behind it is worth looking into deeper though.  Instead of relying on compound interest, the girls are going to go figure out a way to make more money.  Why not do both?  Make more money and have your money make you money.  That is one of the keys to wealth, having your money make more money for you.  Some people call that passive income and it will show up in many forms depending on what track your business is on.  Where my mind is focused, we call that income from rental properties.

First lets look at the math from the comic above.  2% interest annually is quite a bit more than most people are making from their savings right now!  Even their investments.  So I believe the 2% to be a bit of a tongue-in-cheek moment in itself.  So what is up with the numbers?  Why does that seem so underwhelming?  That is because the starting principal is so low.  With only $1,000 to start with, 2% only gets you a couple bucks a month in interest.  If you started with 1000 and ended with 1200, then you get your 2% return (1200-1000/1000 = 200/1000 = 2/10), but in this scenario we end up with an additional $20.  That is the power of compounding interest, extra money was just generated without any effort.  So the strength of the interest comes in that every month the principal earns a little more interest than the month before.  I am going to simplify this a little, but I do have a spreadsheet where you can see these numbers for you to download.  In the first 30 days, the principal will earn about $1.64.  In the 5th 30 days (not exactly 5 months, this is where I am simplifying) the principal will earn $1.65.  So with the $1,000 investment it will earn $1.64 each 30 days for 4 months ($6.56 in earnings) and then suddenly on the fifth month it is earning $1.65.  Then three months later it is now earning $1.66!  The time between each one cent a month increase shortens with every increase.  With enough time the interest earned every month will increase by more than a cent.

In the spreadsheet you can see a chart that takes this example out about 85 years, and you can see that the line changes from a line into a curve.  And in that 85 years the principal increases from $1000 to $5,437.  Without the compounding the principal would be 2700 over 85 years.  So just compounding the interest more than doubled the earnings over that time.

Like I said before, the reason that the comic is underwhelming is because the initial principal is only $1,000, and nothing more was added to it other than the interest.  The biggest secret to wealth is to keep adding to your savings, as well as leveraging the compounding effect on your money.  If we instead of using $1,000 as the base, what do the numbers look like if $10,000 is the base?  Since the base is 10 times as much, the earnings are 10 times as much, and the ratio doesn’t change.

Let’s instead focus on the rate of return.  2% is pretty good in terms of savings accounts or CDs right now.  But it is a pretty lackluster return on an investment.  In real estate it is not uncommon to have 12-20% cash on cash returns.  And that is just from the cashflow part of the investment.  As I have noted previously there are 5 ways to make money from real estate.  If just one of the 5 is already giving you a 20% return, then the others are just icing.  That is the power of wealth building through real estate.  So with a 12% return, and using $1,000 as the base investment, what does it look like in 10 years?  Then the balance is $3,303, or just over 300% returns.  Without the compounding, the balance would have been just $1,200.  So compounding in this case was almost 3 times as much earnings.  At 20% then the total principal after 10 years is over $7,000.  That doesn’t even take into account re-investing the returns.  So at 20% return, you should have your initial investment back in 5 years.  If you make the exact same investment at that point then you are effectively making a 40% return for the second 5 years.  Do that a few times and suddenly you are making 100% or 500% return every year.  That is where true wealth is grown.  Re-investing the returns and letting those compound as well as the original investments.   Compound Interest is a very powerful tool for building wealth, you just can’t totally depend on it like the girls above were contemplating.  Do both, make more money and utilize compound interest to grow your wealth.

Until next time,
Feel the fear, and do it anyway.

Depending on a Job

They say that the perks of a job are actually golden handcuffs to keep you there. The insurance, the vacation, the 401k match. Most people think that these are benefits to themselves, but in reality they keep you tied to the job. But what happens when the job turns on you? That recently happened to one of my friends. She did everything she was supposed to. She worked hard, she stayed late, she dealt with the stress of making deadlines. Then the boss told her that she was failing to meet expectations, even though those expectations were never elaborated. Gave her an official reprimand. Unfortunately she had no other source of income. So she had to do what she had to in order to keep her job because she was taking care of her family, and she had to accept the abuse from the management team while she looked for a different job.

This situation is all too common in the corporate world. I believe that most of the companies out there do not care about their employees. They care about their bottom line and profitability, and their employees are disposable assets for that pursuit. Remember that everyone is replaceable. At any moment the company you work for can decide that it is time for you to be replaced.

This is a fairly grim picture I paint, I realize. I think that there is a solution though. If my friend had some income from something other than her boss, she would not have had to accept any abuse and could have just walked out at any time. If she owned a couple rental houses then she could have taken the time to find the right job, she would not be under a crunch to find something to provide for her family.

I believe that depending on a job or a company to provide for you and your family puts you in the same situation that I described above. However with a business that you own and can run without you, then you don’t ever have to be afraid of this scenario. Self-employment is not the same as owning a business. There is a little more security there that no one can fire you, but you can still end up in a situation where your self-employment ends. Injury, losing the lease on your building, changing technology. Without the investment income then you would be in the same situation.

It should come as no surprise to anyone who has been reading my posts that I think Real Estate is the best way to provide this investment and supplemental income. It has the lowest barrier to entry, the easiest access to leverage, and is something that is always in demand. I have talked about this with my friend, though she has been on the map of working for someone her entire life and hasn’t changed her map yet. I hope you don’t have to wait to go through an experience like she just had before you decide to change your map and look into investing in something.

Hit me up on twitter or leave a comment below if you have a similar story you want to share. Or if you want to know more about how to invest and not fall into the corporate trap.

Until next time,
Feel the fear and do it anyway.

P.S. – My friend was able to find a new job that suits her quite well and she has left the old company that put her through this, on her terms, not theirs.

Magic Deck as a Business

As you may recall I play Magic. Today I am going to describe life and business as a Magic deck. Now stick with me while I draw this picture, there are certainly more connections than might appear at first glance.

In Magic there are different formats of building a deck or playing the game. The facet I am going to look at today is called Constructed, which oddly enough is that you build (or construct) a deck before playing. In Constructed you build a deck of a minimum of 60 cards and you generally can’t have more than 4 of any specific card. Sometimes it makes sense to have fewer copies if it isn’t something you want to draw early or is something that you can search out. But the cards that are integral to the operation of the deck you want as many as possible. If there are cards that have similar function but with different names you want to max them out too so that you can have more chances to draw that effect. The more copies of an effect you have in your deck the more opportunity you have to draw it, and if it is a requirement for the deck to be successful the higher chances to draw mean you will draw it early and that will also increase the consistency of the deck. I think consistency is probably the most important aspect of having duplicate cards. If your deck is not consistent, then you won’t be winning very many games. So that is all good you say, but what does that have to do with business?

Excellent question! Well to have a successful Magic deck there must be consistency in the deck. I think that is key to business as well. To have success in business your business must do things consistently. Not just anything, but the right things. However if you are doing something profitable, even if it is not the most efficient thing and you do it consistently your business will make money. Obviously if you are doing things to enhance the efficiency then the consistently will bring up the profits.

They key to consistency in Real Estate investing are things like making sure your lead funnel is full, making sure the marketing goes out, making sure the deals close when they are supposed to. The key players that you need for consistency are your acquisition manager, your title/closing attorney, your bird dogs and wholesalers, your contractors and make-ready team. These people make up your core team and combined with the consistent action are where the majority of the money is made in this business.

In Magic I mentioned earlier that you might have less than 4 of a card in your deck. These things are generally big effects that when they go off you typically win the game. So the multiple copies of cards are to build the foundation to get to this game ending effect, and typically you have a way to find it in your deck as one of the foundational items. You are going to have these one-offs in business as well. These will be your estate planner, your insurance agent, your 1031 specialist. When you need them you search them out and use them for the specific task at hand.

In Magic and in business you need to have the building blocks for consistent action, then find the special resources needed to accomplish a specific task. You also have to track what actions are working (as I have mentioned previously about weight as well) and then decide if another action in business or effect in Magic is more efficient then you need to not be scared to change the process or change the deck. Both in Marketing and in Magic testing is in the vernacular. Always test and decide what is most efficient for the task at hand. Let me know here or on twitter what you think of this comparison or other games that you think can be a corollary to business and investing.

Until next time,
Feel the pain and do it anyway.


Partnering for cash flow

Last time I said that I would tell you how I plan to buy houses on a large-scale despite having no money to do it. It is an incredibly simple concept. I am going to use someone else’s money. Easier said than done? Perhaps it is. I haven’t actually done this yet, but I certainly plan to. I will keep you posted on how it goes.

One of the major disadvantages of flipping compared to holding rentals is that the property only makes money one way. You sell it, you collect a check. Holding a rental can make money in 5 different ways. Equity capture or buying the house for less than market value; equity buildup or having the principal on the mortgage decrease; appreciation or having the property increase in value after you buy it; depreciation or having a paper loss that is allowed by the IRS; and finally cash flow or recurring rental income. One of the awesome things about real estate is that any of these five ways can be used in partner agreements.

Given that I don’t have any money I really need a property that cash flows. So that gives me four other things to use for negotiation with a partner. I plan on buying properties that have reliable cash flow and while appreciation is nice, I don’t plan to buy properties just for the appreciation. So down to 3 bargaining chips. I am going to aim at keeping the equity buildup as well since that equity is one of the key things to becoming rich, though this is a point where I can be flexible. I can keep it all or share it. The last two methods are my main giveaways so to speak. I would like to utilize real estate to decrease my taxable income, but I think for now that might have to wait. The cash flow is more important to me right now since there are other ways to decrease taxes just by owning a business.

I’m going to focus on the paper depreciation for a second before I detail out the last profit center. In order to give away the depreciation of the property my partner and I will have to form a legal entity together. I believe a Limited Liability Company (LLC) makes the most sense and is the entity I will likely be using, but I can see the argument for a Limited Partnership (LP) or an S-Corp. I won’t go into the differences on those now. LLCs are a passthrough entity as far as the IRS is concerned, so whoever owns the LLC gets all the taxes, both the good and the bad.

Since the taxes flow through an LLC, it is fairly easy to hand over the depreciation to one of the partners. LLCs are also taxed based off of profits, not income. So here is the wiggle room that I will have to decrease my taxable income. Have the LLC utilize the cash flow from the property to pay for things for me such as eating out or providing my cell phone. If all the cash flow is spent by the end of the year there is no income that passes through to me and nothing to be taxed.

The last profit center on a piece of property is the equity capture. I leave this to last because I think it might be a sticky point. What I will be proposing to my partners is that they bring the money for the down payment on the property. In exchange they get the paper depreciation for as long as they wish to receive it. I fully believe that most people will say they want their taxes reduced forever. But in the circumstance where they do want to stop receiving a tax deduction, then I have the equity capture to give back to them as well. If I buy the property right, the equity capture should be pretty close to, if not more than, the down payment they provided to get into the partnership.

There are a few other details in the partnership I am not going to go into here. They are things like property turn over and management and tenant management. The important part of what I am going to try to do is to utilize the different profit centers to create a win win situation. I get some much needed cash flow, they get much needed tax breaks, and we provide safe, affordable, clean housing to those who need it.

I hope this gives you some ideas on how to form a real estate partnership. Decide what you need to keep and what you can live with letting go and use that as the basic structure.

Until next time, take some action. Feel the fear and do it anyway.


If we can define our world, we can understand it, right? Whose definition do we use? Diamandis point out that the definition of poverty in and undeveloped country and the definition of poverty in developed countries wouldn’t be the same at all. It is unlikely that everyone in the world can be elevated to the height of luxury some enjoy in those developed countries. For one thing, there are many parts of the world that don’t have the infrastructure to have easy availability of goods. But, can we change their quality of life?

Streams vs. Piles

Streams vs Piles

I think that maybe one of the things that keep people in jobs is the recurring income. Obvious right? Everyone has recurring bills so they meed recurring income to handle those bills. But even with the recurring nature of bills a lot of people are looking for a big payday. They think that once I have a large amount of cash, I will be set. Though what happens to that large amount of cash? It shrinks as the bills are paid or the toys are bought. I have heard that even if someone amasses 1 million dollars by the time they retire, that person has an 80% chance of out living that money. I don’t know the source on that, so take it as just another meaningless statistic if you wish, but given human nature to spend more to match their means it makes complete sense to me. So in order to not deplete the pile of money one must go make another pile of money. And then go make another pile.

Counter to piles of money are streams of money. Now I think that in the beginning that streams of money are not nearly as sexy as piles of money. Lets look at a scenario involving real estate. Buying a house and fixing it up and then selling it for a profit is called flipping. With flipping it is not unreasonable to easily make tens of thousands, possibly even hundreds of thousands of dollars in one transaction. 90 days to fix up a house you just bought and then have it on the market with a realtor for a couple weeks to make $75,000 is extremely sexy. In addition to sexy, one should be able to live fairly well on $75,000. That is higher than the median income of the US I believe. So with that methodology one could flip one house a year, work 4 months of the year, and otherwise be comfortable. There is certainly a lot of appeal to that.

Now with streams of money, called cashflow in most business including real estate, and more specifically to real estate rental income, that money comes in month after month with little to no effort to make it appear. So instead of working 4 months of the year to get one paycheck, you might have to work a couple of weeks to get one paycheck a month. For ever, effectively. However opposed to the $75,000 in one fell swoop, that rental you just picked up is going to be making you $300-$500 a month. That is a lot of months of rent checks to equal one flipping check. Yet even though the amount is much lower, it is recurring and steady. Just like your bills. So pretty easy to slot the incoming cash to match the outgoing cash.

Note that I said piles of cash are sexier at the beginning than streams. When does that change? Well it is going to change and be sexier with streams when compounded. It takes 3-4 months to do a flip, and if you hire out and are skilled in managing you can even have several going at once. It takes several weeks to buy a rental, but that time is mainly spent waiting. Waiting for the rehab to finish, waiting for the escrow agents to close, waiting to find a property that meets your criteria. So it is pretty easy to scale that and be waiting for 3 different properties to close at the same time. You have the same issue on the rehab in both cases, but otherwise waiting on multiple rentals is a pretty simple affair. So arrange to buy one rental a month. Or maybe two. Even go for 3 if your financials allow it.

So lets look at the situation of working 4 months a year and buying one rental a month that cash flows $300. The first month you make $300. Not terribly sexy, but that covers your car note. A little bit of mental easement there I would say. The second month you make $600. That looks a bit better. The third month you have $900, and the fourth month you have $1200 coming in. Now $1200 every month is starting to look pretty attractive. By the end of the year you will have amassed almost $12,000. Still not as amazing as the one $75,000 payout we talked about earlier, but still an attractive sum.

But instead of one house a month for 4 months, what if it was one house a month for 12 months? Or 3 houses a month for 12 months? Then the recurring income numbers are way sexier than the numbers for the piles. Especially given the amount of work needed to match those goals. I can hear some of you muttering that someone would need to have a pretty big bankroll to be able to buy 4 houses a month for a year. I agree, there is a pretty hefty sum of money needed to make those purchases. But it doesn’t need to be your money. Next time I will cover my plans to buy properties on that scale and not have funds on that scale.

Until next time, take action. Feel the fear and do it anyway.

Other Peoples Money

I figured out fairly young that the best way to make a lot of money was to have someone else give it to you. Ideally, lots of other people. I know that sounds simple and possibly even intuitive, but in reality I think it can all be boiled down to that.

Here I am going to show two ways of having people give you money. The basic premise is to provide more value than the money they give you. One way to provide value is to provide something for sale, the other is to provide a service. Finding some way to provide those things that is repeatable is the path to wealth.

The first way I want to discuss is selling something. One of the things I am passionate about is a card game called Magic: The Gathering. Now, I won’t go in depth on what Magic is, but here is a quick summary; Magic is a collectible card game and like most things collectible there is a secondary market for the cards. The cards are printed and sold to dealers and the dealers then sell the cards to players, and the players can sell their cards to each other and back to dealers as the the market and value of the cards fluctuates. So here is where my epiphany came from in regards to the cards. When the cards are first printed they are sold for a profit of about a dollar. So there isn’t a ton of profit in the cards with a single transaction, but when you have a thousand transactions the profit can add up quickly.

So all of that turns into having a lot of people give you a little bit of money in profit, and thus you have profits and wealth. As card dealers are a business they know that the should invest some of their money back into the business and repurchase stock and repeat the cycle. Again, this is not an article about Magic, so I won’t explore this any further.

In the realm of providing a service I want to talk about renting ou houses. People need a place to sleep, to have family dinners, and to hang their nick-nacks on the wall. Not everyone can own, or wants to own, property so real estate investors and landlords provide value in that regard. Make sure that the properties you own are safe and sound and people will pay you for the privelege of occupying and maintaining your property.

People will pay for the things they either need (in the case of housing) or that will entertain them (Magic, among other things). Figure out what people want or need and provide it to them. They will give you money. This works out in all aspects of business. Find a way to get other people to give you money and build a process where that is repeatable, reinvest some of your profits back into that process and you will do fine.

Until next time, take some action. Feel the fear and do it anyway.

“As England goes; so goes the world”

Change your mind. Change the world.

I typed that pretty darn quickly. Reading it will be quick too, but doing it – that’s another matter.
I’ve shared that “my work for time” mentality needed to be refocused to finding work that makes money whether I’m there or not. I’ve also shared that looking for those options Lucy talked about was scary/exciting. What I didn’t share is that I didn’t know I needed to change my mind-set to find some of them. When I first retired, my intent was to supplement my pension with sewing for people, computer projects for people, or daycare. I found out that having my time controlled by someone else wasn’t such a fun retirement. I also learned that there weren’t a lot of folks lining-up in my yard for my expertise. Deciding to jump into real estate investing with my kids was a knee-jerk reaction to wanting to help them.

What I didn’t know was that I needed to learn the real estate stuff as fast as possible. And along that journey is where I found my mind being blown away by cluing in on today’s style of doing business. One of the books I’ve read during that time is Abundance by Peter H. Diamandis and Steven Kotler. I want to share some of the things I found out about the present and technology. He paints a picture that I can still hardly process, but now I at least know there are things to see with open eyes and mind.

There are several things outlined by the authors to prep us for what comes next.

“…evolution shaped the human brain to be acutely aware of all potential dangers….has a profound impact on human perception: It literally shuts off our ability to take in good news.”
“…a quick look at history shows that progress continues through the good times and the bad.”
“The 1918 Influenza epidemic killed fifty-million people, World War II killed another sixty million.”
“…this period also saw infant mortality decrease by 90 %, maternal mortality decrease by 99%, and,
overall, human lifespan increase by more than 100%.”
“…using almost any metric currently available, quality of life has improved more in the past century than ever before.”
“…In today’s hyperlinked world, solving problems anywhere, solves problems everywhere.”

If we can finally tackle some of the global standards of living in undeveloped countries through technology, what will happen? I think this is the most interesting part! Diamandis and Kotler posit that, “Over the next eight years, three billion new individuals will be coming online, joining the global conversation, and contributing to the global economy. Their ideas – ideas we’ve never before had access to – will result in new discoveries, products, and inventions that will benefit us all.”

Technology, that’s what will prove the old way of thinking obsolete. When I hear about more and more money and resources leaving our country, or funding being cut by our government, I keep wondering how much longer we can do so much for so many with so little? That thinking is labeled as a “scarcity mind-set.”

Too often we have given into the “scarcity” viewpoint. Depression era children learned conservative habits because scarcity was their reality. But was there a need for that conservative mind-set when they were adults in the 50’s and 60’s? Often, time itself will make us question whether there was really a scarcity, or just a “scarcity mindset.” What is proven, over and over, is that what is hard to come by today will likely be made plentiful tomorrow through technology. Something to think about?