AOA Million Dollar Trade Show and Landlording Conference a Huge Success! And Would You Like to Be My Partner?
Trade Show a Huge Success!
Our 30th Anniversary Million Dollar Trade Show last month was a huge success! You should have been there! Our members were more educated, motivated and stimulated by some very knowledgeable speakers who helped give them that one idea that would help them make and keep more money than ever! Some even walked away with valuable prizes given away at every seminar! WOW! Where else could you possibly spend a more profitable day? There was no place in the world like the Long Beach Convention Center on Thursday, May 17th! Thousands of our members really know how to take advantage each year of this incredible source of information and¦it was all free! ‘s just one of the many services we provide our members in addition to the lowest membership dues and credit check fees as well as the best service in town!
Many thanks go to our dynamic speakers “ Jeff Taylor, Mr. Landlord, Eviction Attorney Dennis Block, Foreclosure Specialist Bruce Norris of the Norris Group, Attorney Stephen Duringer, Tax Lien Specialist, Wayne Gray, Drew DeMasters, Mr. Marketing, Real Estate Specialist, Lynn Alder and Tax Attorney, Phil Panitz! They provided the most powerful and contemporary information on wealth-building and apartment landlording that you’ll ever be able to find.
Our thanks also go to our large variety of exhibitors and their commitment to our members in offering the best possible professional assortment of services. Be sure to see highlights of the show and photos included in this issue.
And¦a very special thanks goes to you, our members, who truly are the essence of our trade show success! Your generosity to our Union Rescue Mission Canned Goods Drive was greatly appreciated. Thank you! And your thirst for knowledge in your pursuit of excellence is a driving force in the betterment of our industry! A thousand thanks¦.and we’ll see you at our next trade show at the Los Angeles Convention Center in October!
It pays and saves you big just to be an AOA member. BUT¦it pays and saves even more for those owners who turn up every year to discover new ideas at the Big Show!
Be sure to mark your calendar for our next big show at the Los Angeles Convention Center on October 17th!
Would You Like to Be My Partner? Center this and bold
A version of this article first appeared on November 20th, 2009 in the S&A Digest, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com.
I’d like to make you a business offer. Seriously. This is a real offer. In fact, you really can’t turn me down, as you’ll come to understand in a moment¦
Here’s the deal. You’re going to start a business or expand the one you’ve got now. It doesn’t really matter what you do or what you’re going to do. I’ll partner with you no matter what business you’re in “ as long as it’s legal. [We’ll even purchase a 500 unit apartment building if you’d like.] But I can’t give you any capital “ you have to come up with that on your own. I won’t give you any labor “ that’s definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees and where and when you’re allowed to operate your business. That’s my role in the affair; to tell you what to do.
Now in return for my rules, I’m going to take roughly half of whatever you make in the business, each year. Half seems fair, doesn’t it? I think so. Of course, that’s half of your profits. You’re also going to have to pay me about 12% of whatever you decide to pay your employees because you have to cover my expenses for promulgating all of the rules about who you can employ, when, where and how. Come on, you’re my partner. ‘s only fair.
Now¦after you’ve put your hard-earned savings at risk to start this business and after you’ve worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you’d like to cash out “ to finally live the good life.
Whether or not this is fair “ some people never can afford to retire “ is a different argument. As your partner, I’m happy for you to sell whatever you’d like because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.
I know¦.I know¦you put up all the original capital. You took all the risks. You put in all of the labor. That’s all true, but I’ve done my part, too. I’ve collected a50% of the profits each year. And I’ve always come up with more rules for you to follow each year. Therefore, I deserve another final 20% slice of the business. Oh¦and one more thing¦
Even after you’ve sold the business and paid all of my fees, I’d recommend buying lots of life insurance. You see, even after you’ve been retired for years, when you die, you’ll have to pay me 50% of whatever your estate is worth. After all, I’ve got lots of partners and not all of them are as successful as you and your family. We don’t think its fair for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children. All in all, if you’re a very successful entrepreneur; if you’re one of the rare, lucky and hard-working people who can create a new company, employ lots of people and satisfy the public ¦ you’ll end up paying me more than 75% of your income over your life. Thanks so much.
I’m sure you’ll think my offer is reasonable and happily partner with me¦but it doesn’t really matter how you feel about it because if you ever try to stiff me or cheat me on any of my fees or rules, I’ll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons and throw you in jail. That’s how civil society is supposed to work, right? This is Amerika, isn’t it?
That’s the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder whey there are no new jobs.
[AOA: P.S. Oh, by the way “ you’ll also have to pick up your share of medical bills for other U.S. citizens and non-citizens who happen to be visiting. You know, from each according to what he has to each according to his needs!