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Wealth Tactics

Follow a List of “Money Rules” Before You Purchase

Wealth Tactic 14 by Ed Barriskill (Co-Founder, 37th Parallel Properties) What are Money Rules? Money Rules are the specific and personal rules you create and then follow when you are contemplating getting involved in an investment. These rules will guide you in making good financial decisions. I learned about the concept of Money Rules from [...]

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Real Estate Investing: The Four-Stage Due Diligence Process You Must Perform

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Wealth Tactic 13 from 37th Parallel Properties The “Due Diligence Process” is the most important step for a real estate investor or potential investor for ensuring you are choosing the right property to purchase.  Yet surprisingly, many real estate investors skip various steps of this process…and regret it later. There are four (4) distinctive stages [...]

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Network, Network, Network

Wealth Tactic 12 by Rick Webster  (Investor Relations, 37th Parallel Properties) “To climb the ladder of success, you don’t need more techniques and strategies, you need more friends” -    Jeffrey Gitomer If there’s one thing that people moving up the wealth ladder rapidly have in common, it’s the fact that they network. We have all [...]

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Invest In What You Know

Wealth Tactic 11 by Rick Webster  (Investor Relations, 37th Parallel Properties) It may seem obvious, but investing in things beyond your scope of knowledge and expertise is risky.  In spite of this, it’s all too easy to find ourselves attracted to new ventures outside our realm of experience. Partly, it’s the “grass is greener on [...]

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The Five Stage Property Evaluation Process

Weekly Wealth Tactic 10 by Ed Barriskill (co-founder, 37th Parallel Properties) The Five (5) Stage Evaluation Process is an important step in due diligence when you are purchasing Real Estate. It is imperative that you conduct this evaluation process when you are contemplating purchasing a particular property.  If you ignore this process you are basically [...]

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Manage Your Team and Maximize Your Success

Weekly Wealth Tactic 9 by Ed Barriskill (co-founder, 37th Parallel Properties) Managing your team begins with you – the leader. Your team’s overall success depends on how effective you are as a leader and it is your most important responsibility.  As a leader you can take all the credit for your success and take all [...]

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Work ON Your Business, not IN Your Business

Weekly Wealth Tactic 7 by Rick Webster (Investor Relations, 37th Parallel Properties) Take a tip from successful business owners… Have you ever given some thought to what being “in business” really means? McDonald’s (and many other franchise opportunities) actually have provisions in their franchise agreements prohibiting the franchise owner from working in his/her own business.  [...]

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The Six Most Important Steps to Maximizing your Credit Score

Weekly Wealth Tactic 6 by Dan Chamberlain (Director of Operations, 37th Parallel Properties) What can take years to create, only moments to destroy, and is probably the single largest determinant in your ability to leverage current and future investments (i.e. obtain loans and credit)?…right or wrong, it is your Credit Score! Despite our Credit Score [...]

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How to Accelerate Your Wealth By Finding Those Lazy Assets

Weekly Wealth Tactic 5 by Ed Barriskill (co-founder, 37th Parallel Properties) What are Lazy Assets? Lazy Assets are those assets that you have right now in your portfolio that are just sitting there not working for you. These lazy assets might be: 1) IRA Retirement money 2) Cash sitting in your checking or saving account [...]

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