Today's guided visualization focuses on the next set of 10 Commandments of Real Estate Investing that Jason Hartman espouses. As a reminder, they are: 11. Thou Shalt Not Be a Sucker 12. Thou Shalt Hold Thy Tenants Responsible 13. Thou Shalt Look at the Big Picture 14. Thou Shalt Make Rational Decisions 15. Thou Shalt Have a Reality Check 16. Thou Shalt Pursue Quality 17. Thou Shalt Embrace Fragmentation 18. Thou Shalt Use Shelters to Protect Wealth 19. Thou Shalt Not Make Emotional Decisions 20. Thou Shalt Look at the Big Picture Website: www.JasonHartman.com

Guided Visualization, Meditation, Law of Attraction, Goal Setting for Real Estate Investors

27: The Importance of Real Estate Commandments 11-20

Today's Guided Visualization focuses on revisiting the 10 commandments of Jason Hartman's real estate investing: 1. Become Educated 2. Seek Guidance 3. Stay In Control 4. Remain Prudent 5. Do Not Gamble 6. Always Diversify 7. Be Area Agnostic™ 8. Use Borrowed Money 9. Identify Universal Needs 10. Purchase Tax-Favored Assets Website: www.JasonHartman.com

26: How the 10 Commandments of Real Estate Investing Help You Succeed

Today we focus on Jason Hartman's Commandment #20: Thou Shalt Look at the Big Picture. What this means to us as investors is that we need the ability to step back from the daily fluctuations, hassles, and difficulties to think about our long-term goals and vision. The first component of the big picture is a knowledge of what we are investing for in the first place. The simple answer “to make money” is nowhere near sufficient. Every person invests to achieve some future goal. Keeping this goal in focus is how we weather the difficulties of any particular day of our investing life. By coming back to the core components of successful investing on a regular basis, it will assist each of us in consistently moving toward our goals. To many people, this focus will seem to be “boring” since it does not involve hair raising excitement. However, true success is born of discipline, which frequently takes the form of continuing to do what is necessary long after it has ceased to be novel. Website: www.JasonHartman.com

25: Thou Shalt Look at the Big Picture

Today's guided visualization looks at Jason Hartman's Commandment 19: Thou Shalt Not Make Emotional Decisions. In the world of finance and investing, the single greatest enemy that most people will face is themselves. The reason for this is because even seasoned investors can fall prey to making emotional decisions. The danger is that emotional decisions are very seldom intelligent decisions. This is compounded by the fact that the situations when most of us act emotionally tend to be at inflection points for our investments, the market or both. In this way, many people miss some of the greatest opportunities for investment because of emotional decision making. The way that we can move from “dumb money” to “smart money” is by making smart decisions. The way that we can push ourselves toward consistently making intelligent decisions is by maintaining an even temperament and staying disciplined. The importance of this cannot be over-stated, since there is no amount of market knowledge that can overcome emotional decisions. Thus, learning to make rational decisions must be the first discipline that we master as investors, since it is the foundation upon which all of our future success will be built. Website: www.JasonHartman.com

24: Thou Shalt Not Make Emotional Decisions

Today's guided visualization is focused on Jason Hartman's Commandment #18: Thou Shalt Use Shelters to Protect Wealth. As children, we’re taught that a human only needs three things to survive—food, water, and shelter. And while real estate offers a physical shelter (which is one of the reasons it is so great—people will always need shelter) what we’re talking about here is real estate as tax shelter. It might first be helpful to define what it is we mean by tax shelter. Simply put, tax shelters are a means of reducing taxable income which results in payment reduction to tax collecting entities. This can include state and federal governments. Local and international tax law can dictate the methodology of tax shelters. In the United States, a tax shelter refers specifically to a method that recovers more than one dollar for every dollar spent within a four year timeframe. Once you’re an advanced investor and have dozens of properties, speak with a qualified professional about ways you can best protect your wealth. Until then, remain focused on acquiring high quality properties, properly insuring them, and building your wealth through the ownership of income properties. Protect your wealth with the ultimate tax shelter—and don’t overthink it. Website: www.JasonHartman.com

23: Thou Shalt Use Shelters to Protect Wealth

Jason Hartman's Commandment #17 is Thou Shalt Embrace the Fragmentation. Fragmentation acts as a defense mechanism for investors. It is more difficult to confiscate and the act of doing so costs significantly more than 401k and IRA assets, so it is less likely to happen. Laws governing the landlord-renter relationship happen on the local level. This local focus ensures that large, sweeping changes (even on a national level) are less likely to change the renter-landlord relationship for income properties throughout the country. Next, fragmentation helps real estate investors by keeping institutional investors out of the business. Because you’ve got property managers doing things differently, every developer, every real estate broker in every different market around the country, these institutions stay out of it, which allows more opportunity for individuals. When large institutional investors become involved, they sell shares and collect money off the top (hello, Wall Street!). Fragmentation helps prevent this. Finally, you should embrace fragmentation in real estate, but specifically within your own portfolio, by diversifying (fragmenting) your own investments across different areas and markets. Fragmentation doesn’t mean broken—it means diversity, control, and income. Website: www.JasonHartman.com

22: Commandment 17: Thou Shalt Embrace the Fragmentation

Today's guided visualization is centered around Commandment #16: Thou Shalt Pursue Quality. One of the traps that many new investors fall into is rushing to buy, and purchasing investments of marginal quality. Frequently, this also involves partnering with people of marginal quality to find the deals. The unfortunate part of all this is that it is unnecessary. Quality deals and quality people are out there to be found. The trick is that they need to be found … you can’t expect them to come find you. The reason for this is because the best people spend their time doing business, not turning the crank to try and reel in more inexperienced customers. What this ultimately means to us as investors is that we must put in the work to find quality. This consists of two distinct parts that are equally important. The first is that we must learn what quality looks like so that we can recognize when a good deal is available. The second is that we must be patient to wait until quality deals become available. Website: www.JasonHartman.com/Properties

21: Thou Shalt Pursue Quality

Today's visualization focuses on Jason Hartman's Commandment #15, Thou Shalt Have a Reality Check. There are many times during your investing career that you're going to hear about deals that sound too good to be true. When you hear about them, however, make sure you put on what Jason calls your "sanity glasses" and look at it for what it really is. Look past things like rent guarantees and make sure the deal is being evaluated on real market conditions. Website: www.JasonHartman.com

20: Commandment #15: Thou Shalt Have a Reality Check

Today we focus on commandment 14: Thou Shalt Make Rational Decisions. It's a reminder to be wary of impulse decisions that grab the heart, not the head. Keeping a cool head and refusing to be swayed by impulse can prevent a lot of regret later on. A study on the effects of stress examines the way both chronic and short term tension can affect the brain’s ability to process information, adapt to new situations and, yes, make clear decisions and plan for long term goals. Website: www.JasonHartman.com

19: Commandment 14: Thou Shalt Make Rational Decisions

When most people hear of “The Theory of Relativity” they think of Einstein and E=MC^2. As it turns out, there is another theory of relativity that investors need to know about. This relativistic view of the investment world can be summarized by the phrase: “Compared to what?” When viewing income producing real estate as an investment vehicle, we must always ask what we are comparing it against. This is especially important in a zero percent interest rate environment where risk free assets provide almost no yield. All of this is juxtaposed against the fact that the zero percent rate of return on “risk free” assets like Treasury Bonds may carry no risk of default, but they carry a significant risk of having their real value eroded by inflation. In short, income property is one of many imperfect investment vehicles … it just happens to be one of the least imperfect investment opportunities that we have available. Website: www.JasonHartman.com

18: Thou Shalt Understand the Theory of Relativity

As the owner of a rental property, your tenants have a legal responsibility to pay for the rent from their lease contract, and to pay for any damages that they cause to the property. All too often, landlords will fail to pursue their former tenants for what they are owed because of a concern that they will not have the financial resources to pay. This may certainly be true in some cases, but it is not true in all cases. When your tenants have failed to complete their legal obligations, you should obtain a judgment for the unrecovered funds. In the end, holding your tenants accountable is, and always will be a critical component of being a successful landlord. Website: www.JasonHartman.com

17: Commandment #12: Thou Shalt Hold Thy Tenants Responsible

Over the course of a long and successful income property investing career, Jason has noticed a few things about people. One of those things is that few people want to dig in, do the work, block out the static, and crank out a fortune. Too many are distracted by the next flashy salesman who dangles visions of sudden wealth in front of your eyes with one hand while debiting your bank account for a few thousand bucks with the other. Do you know anyone who has actually gotten rich quick after going all in on llama farming? Placing ads in newspapers for financial independence? Signing up for that proverbial ocean front property in Arizona? It’s simple. Get rich quick doesn’t work and can cost you a lot of money along the way. Just stop thinking like that right now. There will always be someone ready and willing to take advantage of you if you let them. There are legitimate ways the average Joe or Josephine can create wealth through real estate. Not today or tomorrow or next month, but you can make serious inroads to the life you only dreamed of over the course of a few years. So, here’s the decision: keep blowing wads of cash on the latest “sure” thing and stay on the financial treadmill of desperation the rest of your life...or get with the program and do something real for a change. Website: www.JasonHartman.com

16: Commandment #11: Thou Shall Not Be a Sucker

A good portion of your success can be tied to your willingness to visualize yourself finding it. If we don't believe we can succeed, we won't. If we believe that we're worthy and that we will find it, then we are much, much more likely to do so. Website: www.JasonHartman.com

15: Allow Success In

Why are the real estate commandments important? Today's journey again examines why these axioms are worth following in your journey to financial freedom. Website: www.JasonHartman.com

14: The Importance of the Commandments

Jason Hartman has his 10 Commandments of Real Estate Investing. We've discussed them in prior visualizations. But why should you care about them? Today we focus on what we can achieve if we trust and follow those commandments. Website: www.JasonHartman.com

13: Follow the Commandments

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