Practices of Sound Investment and Excellent Wealth Management – Arts of Investing on Fine Paintings

One of the challenges in life is the management of wealth or resources. The majority of peoples do that by following established rules in their cultures: buying estates, stocks, and etc. Paintings are almost always among those options to those who happen to manage wealth exceptionally well. This article offers reflections on this well-attested practice.

Wealth seems to be easier to manage once it is sizable. The key of wealth management is investment, not guarding those cash in the saving accounts. Money depreciates. For those who need to watch for their wealth, because they have to look after themselves or their loved ones, investment is a way of sound management of wealth.

Signs of skillful management can be found in the things in one’s possession. Are these things valuable or would they increase in value in time? There are things that do not increase in value but can be easily sold later. There are things that depreciate in value in time and even when sold, their purchase means the start of losing money. There are other things that cost but would be very difficult to be sold later, such as kitchen wares. There are items whose values will rise in time and may be classy and valuable additions to the household, its memory, community, and history.

Well chosen fine arts paintings are just some of those value-safe items that spark conversations and a sense of belonging in a household where the true investment is really on the qualities of life and values that inspire young lives in courage as in dreams. These paintings are those means of enriching the quality of life and society, and of celebration of culture, community, and memory. These are what are known as ‘investment paintings’.

In conclusion, carefully chosen paintings are a great way of wealth management, generating a family identity, and investing in communities. An artful practice of wealth management which when skilled becomes a part of life’s enjoyment. A unique gallery such as Clarus Gallery (clarusgallery.com) is a mission to enrich cultures in Canadian society in general, by telling the stories about arts as sound investment and celebration of our very own people, communities, and cultures with our very own wealth. The idea of fine arts as a sound investment does make ‘cents’; the rest is just getting the idea through those who have never entertained it before or helping individuals, families, businesses or communities who understand the art of wealth management to develop their very endearing fine art collections.

How To Handle Rejection In Your MLM Business

Rejection stings no matter how you slice it. When you are turned down for that job you wanted or don’t get the employee of the month recognition or if your sales pitch is tossed back in your unsuspecting face, it doesn’t seem to be a character builder. It is rejection and it is not all that it is cracked up to be. It does however have a place and a purpose in business.

The sting that you are feeling is a motivator to work at improving the areas you know could use some improvement. Take the time and sit down with a pencil and paper and make a list of what you tend to be doing most often when the rejection happens. What you think might help to identify steps that can change it.

Any one can easily shrug off a bad day or can take it if it’s the beginning of the sales pitch such as cold calling leads. When the first two say “No, thank you!” in an unpleasant fashion, you truly don’t mind, do you?

It is when it gets to the twenty first time that you begin to feel a little dejected. Is it when you’ve begun to develop a relationship of some kind with the customers that you seem to lose the prospect?

During development in any relationship there are going to be touch and go moments. Maybe it is when you are closing the deal that you most frequently lose the prospect. This is always upsetting; having spent your time and invested your knowledge on getting the lead, working up to the sales pitch and closing the deal just doesn’t happen. Of course, it is upsetting and of course, you don’t like losing the investment that you’ve made in the person with whom you are working to develop a business partnership. It stings and it is not easy to accept. No rejection is easy to accept and the further you’ve come into a relationship with the person who has done the rejecting, the less you are going to like it. The good news is that you don’t have to like it. Your task is to change it.

It is something that bothers you and it bothers most people who have ever been rejected in any way regardless of what they might tell you. Rejection hurts.

This is fine as long as you let it motivate you to take action on what you think you might need to do differently or how you believe you could change the outcome of those calls. When the rejection always happens at a certain point, it is time to take a long hard look at why and what we need to learn to keep it from being a cycle that we endlessly repeat in our business efforts. We also need to work on why we believe that person’s rejection was so important to our efforts.

Granted, we had invested long and hard in bringing in that prospect. What made that important? Was it the funds it might have generated? Probably not. Usually what makes the rejection more difficult to cope with is that we believe that the person’s rejection is not just a rejection of the business we offered them or the product we were selling. But in some basic way, it is a rejection of who we inherently are. However, this is not always true. Usually it is just what it is – a rejection of the business because we could have presented it more fully or more attractively or with less push when it was time to close it.

Take the time to change your attitude about what the rejection really means to you and to your business. Find out what you might be doing differently, what you could be learning to change how you handle a prospect in each phase of the business development. Ask colleagues to rate you in the various parts of your pitch. Ask them to be honest, and you too will need to use that quality. Be honest with yourself about what you don’t know so that you can give yourself the opportunity to learn it and to grow, both personally and in your Internet marketing business.

Property Investment – Help, My Property Won’t Sell

It is commonly said that you make money when you buy, not when you sell. However, often this lesson is not learned until you try to sell a property. I remember the first property I tried to sell. It was a two-bedroom unit in a small complex of eight. A lovely unit… only four years old in an upmarket growing suburb. I was moving to another state in Australia and wanted the property sold, to enable me to buy another home in Queensland.

The property took over 12 months to sell. Three contracts fell over due to finance issues for the purchaser. That was my first experience in selling a property. The emotional roller-coaster was challenging. Initial excitement when the offer was negotiated and accepted, followed by confidence when the contract was signed, followed by disappointment when finance was not approved for the purchaser. The final emotion was frustration when the contract fell over. This happened three times.

Prior to this experience I believed properties took on average three months to sell, depending on the current market conditions. A few years later, we decided to sell one of our properties. This time it took close to two years to sell.

The property was a 2000 square metre property in a beautiful coastal holiday town. The property had zoning that allowed for the development of eight two and three-bedroom townhouses. The property was ideally located on the main road, a couple of hundred metres from the shopping precinct and beach, had two street access and was very close to community amenities such as a child-care centre, school and bus stop.

One month after we purchased the property we were offered $70,000 more than what we had paid for it. We had no intentions of selling the property at the time. Later, on realisation that we did not have the experience, contacts or time to develop the property, we decided to sell it. The first two offers we received were from developers. The offered a 12-month settlement contract. They would pay an upfront amount, with the balance paid in 12 months. This contract suited them. They got to hold the property with little money down. Negotiations could not get the terms of the contract suitable to both parties, and both contracts stalled.

In hindsight we should have accepted the contracts. These were the first two offers we received. We expected more offers to come in that didn’t have a 12-month settlement term. The market turned, developers pulled out of the market, residential construction slowed down and our property took an additional 18 months to sell. Holding a property for an additional 12 months to two years is not good from a cash-flow perspective.

It is important to consider the type of investor you are, before you risk buying a property that is wrong for your investment strategy. Don’t assume you can just sell a property if you need to. When selling, the market is in control. The market determines when it wants to buy, what it wants to buy and for how much. This experience provided one of our biggest lessons in property investing… know what type of investor you are, and be that type of investor only.