Heartland Investment Partners - March 2024

HOW TO BUILD THIS SURVIVAL ESSENTIAL The Art of the Campfire

Few things are better than sitting in the warm glow of a campfire. Besides creating incredible memories, campfires can be necessary for survival situations. A campfire can be life-saving if you’re stranded or just camping in a snowy winter forest. Everyone needs to know how to create a fire, especially if you’re regularly outdoors. PICK THE SPOT You’ve got your spot if you’re at a campsite with a fire pit. Otherwise, make sure the area isn’t too dry. Look for cracks in the soil, dried-up riverbeds, and shriveled foliage. Ensure no shrubs, tents, or anything flammable is within 15 feet of your chosen spot. GATHER THE MATERIALS It’s time to build the fire. For safety, always have a bucket of water or sand and a shovel if things get out of hand. You’ll need a match, a lighter, and different materials to start the burn and keep the fire going. While you could chop wood with a hatchet, we assume you’re collecting your fire materials from the surrounding area. There are three types of material you’ll need.

Make sure all of your wood is fairly dry, or it won’t light properly and will throw smoke everywhere.

LIGHT THE FIRE There are many ways to create a fire, but we’ll use the “crisscross” method.

1. Form a base of tinder. 2. Build and form the kindling across the tinder in an X pattern. 3. Use your match or lighter to ignite the tinder. 4. Blow on the base of the fire to keep the tinder burning. 5. Once it starts, add more kindling to grow the fire. 6. Add more kindling, then arrange your larger pieces of wood in a pyramid shape. When you’re no longer using the fire, put it out. Use water to cool every ember, as even one can start a wildfire. If you don’t have water to spare water, cover it with dirt or sand. Congratulations, now you know how to light a campfire. The next steps are learning to create pits or experimenting with other stacking styles. You can even make delicious campfire dishes using foil packets. Your options are endless.

• Tinder: Dry leaves, grass, or pine needles. • Kindling: Small sticks less than 1 inch in diameter. • Fuel: Large and thick pieces of wood.

THE TRUE SECRET TO LUCK IN THE INVESTMENT WORLD Investment Luck: Is It Fact or Fiction?

If you are like me, I am a creature of routine. So, the other morning started like most Wednesday mornings for me. My routine on a typical morning is to get my workout in, go and inspect some of the investment properties, get a STRONG coffee at the Starbucks drive-thru, go to the office, and dive into my work on other assets.

from the Credit Union! Now, that is the kind of drive-thru banking I love! A crisp $100 bill!

themselves lucky. Some even buy stuff like the old lucky rabbit’s foot or maybe try to get a four-leaf clover. Or perhaps they have certain clothes they wear on certain days — you know, the “lucky tie” kind of thing. I might add that you can do all of this “stuff” if you want and entertain your friends and family in the process, but none of this will work. When you see investors “getting lucky” and making great returns on their money, they are getting lucky, but they have been creating their own luck to get lucky. Those who act create their own luck and will be much better off financially as a result. The question is: Are you going to ACT and then create your own luck or let someone else be lucky? Instead of leaving things to chance, you can manufacture it and be just as lucky as the other folks you “hear about.” But … you have to love that $100 bill at the drive-thru!

I guess you could say that so far today, I have been one lucky guy. Plus, I still have most of my day left, too! But I want to tell you that luck has nothing and everything to do with it. You see, there IS such a thing as luck. For eons, people have debated whether there really is such a thing as luck. How often have you heard a story about an investor getting lucky when they bought a property for an “X” amount of dollars and sold it later for 10 times “X”? Or, the other day, a client told me about his brother, who bought a manufacturing business for around $400,000 and sold it five years later for about $3,000,000. His comment to me was that his brother “got lucky.” Well, let me tell ya, luck DOES exist. But not in the way that most people think it does.

Well, this morning, while I was doing this, here is what happened:

1. I discovered that a recent property I and some partners invested in for $850,000 may be worth around $1,250,000 in the next 2–3 months. We purchased the property just over a year ago. 2. A difficult-to-lease commercial property now has two tenants competing to get into the vacant space, which will easily take the cash flow return to 13%-plus per year. Yes, that is annual. 3. At a Credit Union drive-thru, I was customer No. 10, which means I got a gift of a $100 bill

Create your luck today!

–Darin

For example, many people do weird chanting or repeat affirmations to themselves or picture

2 DARINGARMAN.COM

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