Now, I understand what Phillip Buchanon was going through. His Mom demanded $1 Million for reimbursement for raising him. This in itself is pretty sad.
However, there was a better way of paying her back for supplying him with food and shelter while he was growing up. He was smart to NOT give her the $1 Million directly. Instead, he bought his Mom a house. However, he should NOT have even done that.
What he should have done was acquired a net leased property, and out of that monthly rental income money that he would receive, just paid his Mom a monthly paycheck. Of course, she would have had the usual tax deductions from the payroll check. And, his Mom -- being an unsophisticated investor -- would have complained about that. But, in the long term, his finances would have been pretty steady -- given the history of NNN investments the last ten years.
Unfortunately, this is NOT the only case of family/relative greed ever. Many, many young athletes/celebrities want to do right by their families when they are suddenly thrust into the world of high income through professional sports draft processes; or, even if they have sudden financial success in just about anything; such as: suddenly having a higher income because of a song that sells millions of copies, or a movie that explodes at the box office.
Usually, regular life goes on after these events. And, for most, their life usually doesn't change with a song, or movie, or a sports drafting process.
But just in case, you need to have a back up plan. Because this is where you will find your true friends, loving family, etc.
Once the sudden financial success has happened, you should then contact some one like me, a real estate broker, and we move forward with the acquisition of a NNN Investment. This purchase should secure that financial gain you just received -- as best it can -- and then you start earning the passive monthly income. From this acquisition, it should help you secure your standard of living and help Mom with hers.
The downside is Mom will have such a mental focus on receiving that one time $1 Million payment, she will be upset that you have decided to give her the money one month at a time. But, you have to understand that to give her a lump sum $1 Million, she will most likely spend through it in little to no time at all. And, have nothing to show for it in the end.
And Draft Prospects, with the NFL draft just around the corner....
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes
However, there was a better way of paying her back for supplying him with food and shelter while he was growing up. He was smart to NOT give her the $1 Million directly. Instead, he bought his Mom a house. However, he should NOT have even done that.
What he should have done was acquired a net leased property, and out of that monthly rental income money that he would receive, just paid his Mom a monthly paycheck. Of course, she would have had the usual tax deductions from the payroll check. And, his Mom -- being an unsophisticated investor -- would have complained about that. But, in the long term, his finances would have been pretty steady -- given the history of NNN investments the last ten years.
Unfortunately, this is NOT the only case of family/relative greed ever. Many, many young athletes/celebrities want to do right by their families when they are suddenly thrust into the world of high income through professional sports draft processes; or, even if they have sudden financial success in just about anything; such as: suddenly having a higher income because of a song that sells millions of copies, or a movie that explodes at the box office.
Usually, regular life goes on after these events. And, for most, their life usually doesn't change with a song, or movie, or a sports drafting process.
But just in case, you need to have a back up plan. Because this is where you will find your true friends, loving family, etc.
Once the sudden financial success has happened, you should then contact some one like me, a real estate broker, and we move forward with the acquisition of a NNN Investment. This purchase should secure that financial gain you just received -- as best it can -- and then you start earning the passive monthly income. From this acquisition, it should help you secure your standard of living and help Mom with hers.
The downside is Mom will have such a mental focus on receiving that one time $1 Million payment, she will be upset that you have decided to give her the money one month at a time. But, you have to understand that to give her a lump sum $1 Million, she will most likely spend through it in little to no time at all. And, have nothing to show for it in the end.
And Draft Prospects, with the NFL draft just around the corner....
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes
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