Helawi Sewnet 🇪🇹

Every entrepreneur NEEDS to watch this by Brian Chesky of Airbnb.

I've acquired ~$80 million worth of real estate over the past 5 years. Here's what you don't hear about on social media: 1. Real estate won't make you rich. Or at least, not on the timeline you probably think. Most people get into real estate thinking they'll acquire 10 buildings in the first year, quadruple returns in 9 months, and be cashflowing 7-figures shortly thereafter. Here's the truth: You won't. But that's okay, because here's some more truth: Real estate is the best get rich slowly, but surely strategy in the world. It's all a matter of lengthening your time horizon. My core investment thesis: Let time do the heavy lifting. Time is an investor's best friend, so if you're gonna play this game, plan to do so for a long time. It's hard to lose money if you stay in the game for 30+ years. 2. You will probably be asset rich and cash poor. Most "successful" investors I know have a great looking balance sheet, but an anemic bank account. Why? Because they're addicts... As soon as they refinance or sell an asset, they turn around eager to find the next one. If you're raising capital from LPs, then as GP it's going to be years before you see meaningful cashflow from your promote. In the meantime, you'll probably be living off fees... Unless... You've already built a cash generating machine elsewhere. I didn't do this with intention, but in hindsight, it was the smartest thing I ever did: I only started raising money for real estate AFTER I'd built several cash generating machines. Those machines were in the form of other businesses and other real estate I owned outright myself. The result? Steady cashflow to support my life so I don't have to go chasing deals/fees. Cashflow and reserves keep you in the game. You can literally never have too much of either. 3. People are the hardest part. This goes for all businesses. Whether you're dealing with employees, residents, investors, customers, vendors, suppliers, etc... People are weird and messy and often have no clue what they really want. As a result, people (and not plumbing, electrical, or roofs) are going to be your biggest headache. Accept that this is all just part of the game. In fact, in many ways, it's THE most important part of the game, because: Your success in real estate depends entirely on your ability to work effectively WITH and THROUGH other people. 4. The best investors are the best problem solvers. Things will go wrong. It's not a matter of if, only when. The players who thrive (much less survive) are the ones most able to roll with the punches, handle the stress, and stay in the game. The way you stay in the game is by repeatedly solving problems. Seriously... The problems never stop coming. They simply get bigger and harder to solve. But that, at the end of the day, that's how you get paid. You get paid to solve problems. Now, don't let me scare you off of real estate. Truth is, it's one of the best investments/business models in the world... Just make sure you go in with eyes wide open and know exactly what you're getting into. If you do, you can do INCREDIBLY well. Want more raw real estate advice from an owner/operator that's been in the game for over a decade? CLICK THE FOLLOW BUTTON.

“My job is to figure out HOW to make it work, not to identify why it can’t work”.

The economy explained ... all over the world. I died laughing listening to this. It is worth it. 3 minutes. 🤣 🔊sound ...🤣

#ኢትዮጵያ ትችላለች

A powerful idea I can't stop thinking about: Investor vs. Borrower (a thread)

@alexisohanian Seems like a good time to share this for people protesting in your comments No, AA isn’t racist. It’s equity.

Steve Jobs' mantra: "Focus and Simplicity!"

How to spend more time doing the things you love (and supercharge your productivity). The Time Audit System:

I tell young aspiring entrepreneurs to join a quality firm and get promoted at least once before they start their company. It's also why I invested my own cash in everyone from my department who left to start a business. A founder's track record is valuable. Investors agree.

Addis and classic cars !

Projected population in 2100: 🇮🇳 India → 1,533 Million 🇨🇳 China → 771M 🇳🇬 Nigeria → 546M 🇵🇰 Pakistan → 487M 🇨🇩 Congo → 431M 🇺🇸 US → 394M 🇪🇹 Ethiopia → 323M 🇮🇩 Indonesia → 297M 🇹🇿 Tanzania → 244M 🇪🇬 Egypt → 205M 🇧🇷 Brazil → 185M 🇵🇭 Philippines → 180M 🇧🇩 Bangladesh → 177M 🇳🇪 Niger → 166M 🇸🇩 Sudan → 142M 🇦🇴 Angola → 133M 🇺🇬 Uganda → 132M 🇲🇽 Mexico → 116M 🇰🇪 Kenya → 113M 🇷🇺 Russia → 112M 🇮🇶 Iraq → 111M 🇦🇫 Afghanistan → 110M 🇲🇿 Mozambique → 106M 🇻🇳 Vietnam → 91M 🇨🇮 Côte d’Ivoire → 88M 🇨🇲 Cameroon → 87M 🇲🇱 Mali → 87M 🇲🇬 Madagaskar → 83M 🇹🇷 Turkey → 82M 🇮🇷 Iran → 79M 🇿🇦 South Africa → 74M 🇾🇪 Yemen → 74M 🇯🇵 Japan → 74M . 🇬🇧 UK → 70M 🇩🇪 Germany → 68M 🇫🇷 France → 60M 🇨🇦 Canada → 53M 🇸🇦 Saudi Arabia → 50M 🇦🇷 Argentina → 47M 🇦🇺 Australia → 38M 🇮🇹 Italy → 36M 🇪🇸 Spain → 30M 🇰🇷 South Korea → 24M 🇳🇱 Netherlands → 16M 🇦🇪 UAE → 14M 🇸🇪 Sweden → 13M 🇨🇭 Switzerland → 10M 🇦🇹 Austria → 8M 🇳🇴 Norway → 7M 🇩🇰 Denmark → 7M 🇫🇮 Finland → 5M 🇸🇮 Slovenia → 1.6M 🇱🇻 Latvia → 0.95M 🇪🇪 Estonia → 0.83M 🇮🇸 Iceland → 0.37M 🌍 World → 10.35B

Ethiopia’s Water Diplomacy: Resolving Transboundary Issues thereporterethiopia.com/34384/ via @The Reporter Ethiopia

A biography book Launch of #Ketema_Yifru, former #Ethiopian Foreign Affairs Minister who was instrumental in the establishment of the @_AfricanUnion, criss-crossing the continent on diplomatic missions. Author & Son: #Mekonnen_Ketema

This seems to be a trend these days "#Kenya revives push by African nations to ditch the dollar" lnkd.in/dARxZa9p

If you watch the NEWS, you may think we're headed for Civil War and the world's in Bad Shape. That's Bullsh!t And, here's 10 Charts to Prove it: 1. Child Survival is Up

@bobomaheder @FERESApps Mahder, your story is heart-warming. Reading through your thread, I was on the edge of my seat thinking, "he better not get off before the destination!" 😊 Kudos for persevering through, what they call, his ill-motivated "microagressions."

እ:እኔ የሹ: የ @FERESApps ሹፌር እ:ከነበርኩበት መስቀል አደባባይ ወደ ህንፃ ኮሌጅ ለመሄድ በአፕ ቦታዎቹን ጠቅሼ መጥራት የሹ:ደውሎ የት ጋር ነህ? እ:አጠገብ፣ቀጥሎ፣ከፍ፣እቃ የያዝኩት አይነት ማብራሪያዎች በኋላ አጠገቤ መሆኑን ተረድቼ መግባት 1

Sitting is the new smoking. If you sit for 6+ hours per day, read this:

Why are innovation cycles and business growth linked so closely? 🔗 Find out in our piece The History of Innovation Cycles, from our 2021 archives: visualcapitalist.com/the-history-of…

#Ethiopia #LandOfOrigins