If you got rich as a REI what would you then do?

I'm fairly happy with my situation. I did make a lot of money in RE. As many know , I retired at 29 and raised 6 kids. I did travel and play a lot. Boring. We just finished our 24th cruise and I've been to most countries. We already have our 25th and 26th cruise reserved.26th will be a 27 day cruise!! So, I got back into real estate, and have been buying and building like crazy for last couple years. All of this goes into trusts for my grand kids and future generations. My early history is related in the Meet The Investor section of BP and also in a book I wrote and have given to many BP members. Rich.

Edited: 06/26/2010 at 08:01AM

James Hiddle

Real Estate Investor · Altus, Oklahoma

2515 posts
9267 Influence
7 Awards

Icon_minipost Apr 23 '09, 05:27 AM

Originally posted by Rich Weese

I'm fairly happy with my situation. I did make a lot of money in RE. As many know , I retired at 29 and raised 6 kids. I did travel and play a lot. Boring. We just finished our 24th cruise and I've been to most countries. We already have our 25th and 26th cruise reserved.26th will be a 27 day cruise!! So, I got back into real estate, and have been buying and building like crazy for last couple years. All of this goes into trusts for my grand kids and future generations. My early history is related in the Meet The Investor section of BP and also in a book I wrote and have given to many BP members. Rich.

Hey can I have a copy of your book :mrgreen:

Edited: 06/26/2010 at 08:01AM

Josh Bryan

Real Estate Investor · Aurora, Illinois

116 posts
185 Influence
2 Awards

Icon_minipost Apr 23 '09, 05:48 AM

me too lol....I'd sit back and enjoy it for a little while (Lord knows i'd worked my butt off to earn it). I'm sure I would get bored and have to find something to do.

Edited: 06/26/2010 at 08:01AM

Lee Common

Real Estate Consultant · San Antonio, Texas

558 posts
579 Influence
4 Awards

Icon_minipost Apr 23 '09, 06:14 AM

Matt,

I'd probably do some traveling spend a lot of time studying subjects that interest me maybe go back to school but, I've never really needed someone to tell me what books to read. I have always found immersing myself in something and speaking with successful individuals in the industry to be what I enjoy.

Practice some philanthropy.

I'm particularly interested in patients, cosmology, particle physics and especially alternative energy.

Maybe settle down find a good women have a couple children.

Actually this is more of what I am planning on doing in five years than what I would do if but, guess the only difference between a goal and a dream is the PLAN!

Best, Lee

Edited: 06/26/2010 at 08:01AM

Michael Rossi

Real Estate Investor · Ohio

4587 posts
14256 Influence
14 Awards

Icon_minipost Apr 23 '09, 07:45 AM

As Rich said, being retired is B O R I N G! I can't do it. You can only play so much and that gets to be routine. So, my path was to build my business to the point that I could semi-retire and work just the amount that I want to (typically about 12-16 hours each week).

What do I like to do? Go camping; mountain biking; scuba diving; motorcycle riding; snow boarding, etc.

Mike

Edited: 06/26/2010 at 08:01AM

Rich Weese

Real Estate Investor · sioux falls, South Dakota

4293 posts
43789 Influence
15 Awards

Icon_minipost Apr 23 '09, 07:59 AM

To those asking about book, pm me.(after becoming a colleague)

Edited: 06/26/2010 at 08:01AM

Marcial J.Paredes

· Phoenix, Arizona

31 posts
88 Influence

Icon_minipost Apr 28 '09, 07:52 AM

I think I would spend some time painting more. A passion of mine I don't have much time to do anymore . I also think it wouldn't be long before I'd look for a way to turn my hobby into a money maker. ..I belive everyone needs something productive to do everyday to live a happier, longer life.

Edited: 06/26/2010 at 08:04AM

Will Barnard

Rehabber · Santa Clarita, California

7238 posts
54461 Influence
23 Awards

Icon_minipost Apr 28 '09, 07:56 AM

I would go to Disneyland!

(Oh wait, already been there plus that comment is played out although it was too tempting to not plug it here)

Edited: 06/26/2010 at 08:04AM

Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com

T. Gerard Williams

Real Estate Investor · Miami Lakes, Florida

1 post
1 Award

Icon_minipost May 07 '09, 12:07 PM

I would definitely travel more and maybe study something in a foreign country for a few months, nothing heavy just something different. Then back to creating a legacy for the grandchildren.

Edited: 06/26/2010 at 08:10AM

Mark Brian

Real Estate Agent · Anderson, South Carolina

313 posts
2065 Influence
6 Awards

Icon_minipost May 08 '09, 04:12 AM

Keep on doing the same thing but at a slower pace. I would get bored if I retired completely.

Edited: 06/26/2010 at 08:10AM

Christian Malesic

Real Estate Investor · Harrisburg, Pennsylvania

717 posts
810 Influence
5 Awards

Icon_minipost May 13 '09, 03:36 AM

I haven't gone to 'work' in a long time. I go to 'play' everyday. That is not to say I am retired, I just really enjoy my life and what I do each day.

Thus, "if I got rich" I would keep doing the same thing.

Not to go all philosophical on you, but I have never believed 'rich' or 'successful' to be defined by the amount of money in my pocket or bank account. To me it is family, health, happiness, and enjoying what one does.

Edited: 06/26/2010 at 08:12AM

Craig Whitehead

Real Estate Investor · Pittsburgh, Pennsylvania

6 posts
59 Influence

Icon_minipost May 14 '09, 11:32 AM

I'm planning on retiring to Marco Island in Florida, playing lots of golf, traveling with my wife and making more money in RE.

Edited: 06/26/2010 at 08:13AM

Harrison Painter

· Indianapolis, Indiana

762 posts
1316 Influence
9 Awards

Icon_minipost May 14 '09, 11:36 AM

My goal is to be in a position to give a house a year away to someone who really needs, and deserves it.

Other than that, money does not change anything for me. I would just keep investing and helping others.

There is nothing on this planet I would rather do than what I am doing right now!

- Harrison Painter

Edited: 06/26/2010 at 08:13AM

Steve Flemming

Real Estate Investor · Smithville, Tennessee

34 posts
8 Influence

Icon_minipost May 14 '09, 12:54 PM

I've had the money and I've been broke. Having money is much more fun, but it doesn't make you any smarter or healthier or more respected.
Someone once said , " Just do the work and the money will follow". "Then take it and do as much good with it as you can" !! You'll be happy

Edited: 06/26/2010 at 08:13AM

JAMIE Doyle

· sandy, Oregon

18 posts
57 Influence

Icon_minipost May 14 '09, 01:01 PM

fishing, fishing and.... oh yeah, more fishing. spend more time with my wife and kids and id probably go to school to do me some learnin'. i have so many interests i could definitely kill some time in a class room.

Edited: 06/26/2010 at 08:13AM

Robert Jenkins

Commercial Real Estate Agent · Encino - Los Angeles, California

123 posts
683 Influence
3 Awards

Icon_minipost May 14 '09, 02:32 PM

For me if...no no WHEN i become successful i'd like to:

Fight: I'm an amature MMA fighter and I don't get to train a lot cause i work so much

Learn: Stocks, Hedgefunds, IPO's, REITS

Camp: i love the mountains and the wilderness and the smokey smell of the campfire on your clothes the next morning.

Give my girlfriend the life of her dreams and raise some hellspawns (aka kids)

Edited: 06/26/2010 at 08:13AM

Jeff Tumbarello

Real Estate Investor · Fort Myers, Florida

949 posts
3130 Influence
6 Awards

Icon_minipost May 14 '09, 08:43 PM

Most people retire and die from boredom. I would keep doing real estate. Thats really all I know how to do......

I someday plan to go to college and just take the classes I want to.

Edited: 06/26/2010 at 08:13AM by Jeff Tumbarello

Matthew Gil

Real Estate Investor

342 posts
711 Influence
5 Awards

Icon_minipost May 15 '09, 02:28 AM

Go back to school and get my a Master's in History or International Relations
Volunteer more
Become more politically involved at the grass roots level
Travel like crazy
Ride motorcycles all over the place (like Ewan McGregor and Charley Boorman have done)

However, I doubt I'd ever FULLY retire. Doing deals is too much fun.

Edited: 06/26/2010 at 08:14AM

Kirk B

· Select a State

156 posts
623 Influence
2 Awards

Icon_minipost May 18 '09, 10:47 AM

Travel more
Eat out more/better restaurants
Donate more
Summer home
Ski/golf more/better places
Cook better food

Edited: 06/26/2010 at 08:16AM

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