factory Oakley sunglasses outlet store online

Real Estate Investing - Hobby Or Business

Real estate investing is an opportunity that allows anyone, regardless of education, experience, family background, gender, or age, a credible way to have their own, home-based business, own their own life, make more money, contribute to others, and grow to be the best person they can possibly be.

Is your pursuit of accumulating wealth through real estate a hobby or a business? I went to my dictionary for help in defining each word.

Hobby: An activity or interest pursued for pleasure or relaxation and not as a main occupation.

When I apply this definition to my own life I can safely say that fishing, hiking, boating, and camping are my hobbies. I have never made money at any of these. Real estate is my business and I have made money in my business. When I let the hobbies consume too much of my time they restrict the growth of my business. There are some fortunate people who start out with a hobby that grows into a business. The rest of us need to grow into a business that helps us pursue our hobbies.

John Cotton Dana said, "Of hobbies there are many, many kinds. For example, money-making. But money-making is not exactly a hobby, for it will scarcely carry a boy along in continuous joy, comfort and pleasure - to say nothing of a full-grown man. Money comes, not because it is ridden as a hobby, but because a real hobby is ridden so cleverly and carefully that it oozes out money on the side!"

Business: The occupation, work, or trade in which a person is engaged. A profit seeking enterprise or concern.

Lewis E. Pierson said, "Business is like a man rowing a boat upstream. He has no choice; he must go ahead or he will go back." In my business career there have been times when, even though I was rowing downstream, I had to dig the oars deeper and row harder to keep the course.

Back in 1948 I floated the Colorado River with a group of scouts for 109 miles from Hite, Utah to Lee's Ferry, Arizona. This was before Lake Powell was formed behind the Glen Canyon Dam. We were in a big, World War II navy surplus life raft. The wind was always blowing up the river and sometimes we would paddle for a long time just to quarter across the river to get out of the wind where, in the shelter of the cliffs, we could make some headway. Many times the wind would blow hard and drive us back across the river and we would have to start over again. One day the wind was blowing down river. We held up everything we had that could catch the wind and that day made about thirty miles with very little effort.

When we work our business as a business we will have challenges. When they occur let us not retreat to our more comfortable hobbies. When we work through the challenge we will often feel the wind at our back and our business will gain momentum. Momentum wins in sports and in business.