No more stories on the price of gas! We get it - the price of gas is high.

No more stories on the price of gas! We get it - the price of gas is high. On Sunday, we had some friends over for a cookout. At some point during the cookout, we began to talk about the price of gas. We actually started to joke about it. Remember Y2K? Or how about the West Nile Virus? Or how about the scary weather? Now all we hear about is the price of gas... Why does the media try to scare us every single day? Because it's great for ratings. The media doesn't care about the price of gas. They only care about getting you to watch their newscast or read their newspaper. They need the advertising revenue. More viewers means more advertising revenue. Fear sells. The same goes with the real estate market. Oh, the market is terrible. Foreclosures have spiked in the States. Yadda, yadda, yadda... Within all of this doom and gloom, I collect a series of checks and a $20 bill from one of my rental homes. Here they are: These checks were made out to one of my LLC entities.They total $2,230. Add in the $20 bill and you can see that I collected $2,250. My profit after making my payment is around $500. I sure do love my little houses. Want to know why? Because people always need a place to live. Gas prices can hit $10 a gallon and people might begin to cut back on some of their spending. They might stop eating out. They might stop going to the mall. They might even cancel a vacation, but they can't stop living. They need a place to sleep at night. It's virtually impossible for anyone to eliminate a place to sleep. The point I'm trying to make is that a monthly rent payment is NOT discretionary. Each month, I receive check after check on my properties irregardless of what's happening in the economy. This hasn't changed because of the price of gas. This hasn't changed because of the soaring foreclosure rate in the States This hasn't changed because of drop in real estate values This hasn't changed because of the sub-prime mortgage crises The point being that I still collect checks each and every month. My tenants go to work each day to send me a check. Why? Because they need a place to sleep. I'm getting wealthier month after month. Are you? Now, if your feeling the pinch from the high cost of gas, what are you doing about it? Are you working to create extra income streams? Are people going to work today to send you a check? POP QUIZ: How many tanks of gas can I buy with the profit I collected above? Around 7 or 8. Who is paying for my gasoline? Me or someone else? You got it! Someone else - my tenants. How would you like to have 7 or 8 free tanks of gas each month? Would the price of gas be such a big deal to you? Probably not! The problem is that media keeps scaring you to death. Stop watching the news. Stop reading the newspaper. You'll be happier. I promise. Take the time saved and start to learn how to create income streams. Start investing in real estate. Start collecting monthly rent checks. Be proactive, not reactive. Instead of conserving gasoline and living within your budget, create more income. Rob Minton P.S. Yesterday, the stock market sunk with sharp losses. Did this impact my rent checks in anyway? Nope.