Yesterday’s plane crash which took the life of Dr.[tag-tec] Bruce Kennedy[/tag-tec], the husband of [tag-ice]NASCAR[/tag-ice] executive Lesa France Kennedy made me stop and think.
It made me think about the tragedies which have happened to several top NASCAR people over the last few years. And many of those didn’t necessarily occur on the racetrack. Many of them involved plane crashes.
I guess I didn’t realize how much the NASCAR people rely on small aircraft to get around. That’s because country music stars don’t. And since I live in Nashville, I remember when our stars quit flying their own small planes back in the early 70’s.
That was after several in the country music community had been killed in flying accidents and Minnie Pearl and her pilot husband almost crashed.
(Thus was born the local luxury bus industry. After all, you can’t expect our stars not to travel in upscale style).
But here’s another factor.
Could it be country music stars don’t take the same risks NASCAR stars do? After all, NASCAR has a certain daring element to it. That’s what makes it both exciting and enticing.
I know, country music is very different from NASCAR. Country music is mainly about love gone wrong and great fortunes for the people who can capitalize on that.
But my point is tremendous amounts of money have been made by folks in both industries.
So what do these musings have to do with real estate investing?
Take risks, but carefully measure your chance-taking.
In fact, you need to launch outward and upward- like NASCAR. That spirit wins races.
When you stop growing your [tag-self]investments[/tag-self], you can’t scale up to the next level. That’s where a lot of people miss the big money that they could have made over a lifetime.
However, do it wisely- like the country music people. It’s okay to be somewhat cautious. You can still make money and lots of it.
Get your investment plan in order and make sure it’s a workable plan that works for you, your personality, you family and your day job.