With many Americans now realizing they can’t depend on the government to take care of them in old age, investors are now turning commercial real estate investing because they know it’s time to face the hard reality that it’s time to take care of their own financial futures. While some may aspire to be “rich,” others see financial independence as a necessity when it comes to surviving and enjoying their retirement years. Savings accounts grow too slowly, as do bonds, in order to create the growth and income most investors seek for their retirement portfolios. Smart investors tolerate risk and volatility in search of the higher returns that will help their nest eggs hatch and grow into cash cows.One asset class that has traditionally met these goals is the stock market. Low-fee, high-growth mutual funds have an excellent track record when it comes to long-term returns. However, many investors feel frustrated by the sense that there’s nothing they can do to improve the performance of their stock and mutual fund portfolio.That’s why investing in real estate makes so much sense.Many investors dip their toes in the water with a few rental homes or a small apartment building. That’s a great place to start building wealth and learning the commercial real estate industry. However, for investors looking for serious retirement income that can be relied upon to grow in a hands-off portfolio, commercial real estate certainly has its place.Commercial real estate for beginners is not something to be entered into lightly. It’s hard to read a book or talk to a broker and really understand everything that’s involved in making and financing a good real estate deal, and then managing your property once you have it in place.I think the two best ways for beginners to get involved in commercial real estate are to a) Work their way up through the ranks of owning smaller properties or b) Work with a mentor of some kind – ideally another property owner in your marketplace – to find out what they do, how they do it, and why they do it. You can find a lot of salesmen trying to get you started in commercial real estate by buying their magical business-in-a-box but their claims of simplicity from just following a simple system are often over-stated. You can get yourself into a lot of hot water in commercial real estate as a beginner unfamiliar with the business, so if you can’t afford to make a mistake, it’s best to grow slowly and pay your dues. When you do dip your toe in the water, let the voices of experience guide you and check with your attorney, CPA, and other investors in your area to help you confirm you are on the right track.
Ancient universities at one time used to have a very strict dress code for their students and faculty. One of the main ones being that they had to wear a robe over their clothing every day and these robes ranged from solid black to more elaborate robes such as robes that were decorated with gold trimmings. Throughout history the robes, or graduation gowns as they are called today, were exclusively solid black in color but, in today’s modern society a lot of the graduation gowns now are made to match the school’s colors.Only the last hundred years have we begun to see these colored gowns be added into the overall dress code. In England, for example, the trend started by robes being developed that set the different degrees apart such as a robe for a bachelor degree, one for a masters and one for a doctorate degree. Some of the more common ones is white for the arts, red being for the church, olive is most generally reserved for those in the pharmaceutical field and yellow representing the wealth that occurs in the various angles of the science degrees.You must be aware however, that each institution will have a completely set of different policies and because of this, there is often a lot of confusion over which color relates to what field of study. Within the United States, the colors for the various graduation gowns have pretty well become standardized so it is not hard to tell them apart. Here is a list of some of the more common ones that you may find at your next college graduation ceremony.· Orange-Worn by those graduating from the Engineering field· Russet-Forestry Majors· Crimson-Journalism Field· Lilac-Dentistry· Maize-Agriculture· Drab-Commerce, Accountants, and Business majors· Copper-Economics majors· Light Blue-Education Majors· Golden Yellow-Science· Gray-Veterinary field· Salmon Pink-Public Health· Sage Green-Physical Education· Olive Green-Pharmacy· Purple-LawThese are just a few of the colors and the corresponding fields that they represent. As you can see the list can become almost endless. It is also no wonder why there has been so much confusion when it relates to the types and colors of gowns that are available.The best way for you to find if your college has a standard graduation gown for your particular field would be to talk to someone. They will be able to give you any information that you may need and also where you may be able to order your graduation gowns through to be sure that it matches the rest of the graduating class.