I am pretty cool at the moment. The banks are losing a lot of money and I am getting rich from it. Soon I will be very rich!

This is all part of my strategy for real estate profits in the recession. Difficult times create great opportunities.

I am writing to my banks at the moment.  I am offering to buy them out of their loans at a fraction of the original price. We’ll have to see if they go for it, but I think they will!

Then, I am trying to get a billionaire investor to  sell me his interest in one of my projects, using his own capital. So I will obtain 100% control with no money down. It suits him not to have losses and write-downs in his accounts. Instead, I am offering him a pure cash loan which is a producing asset, rather than real estate.

I’m convinced that now is the time when real tycoons can make great deals – with no money down! Fortunes will be made over the next few years. The best thing about dealmaking is you can do it from any where in the world while you live an international jet set lifestyle!

If you would like to know more about my strategies, join myself, Peter Macfarlane and Richard Cawte at the “Meet the Men Who Made Their Clients Millions” event in Bantry, Ireland at the end of this month. It’s not too late to sign up.

Here’s a great international jetset lifestyle blog I cam across about what I call the laptop hippie lifestyle. According to JetSetLife.tv, the new jetset is a subculture of people who choose to live their life NOW, instead of deferring their dreams to later in life. (By which I think they mean retirement etc)  They have learned to leverage technology to create income, time and freedom so they can regularly travel from one stylish or exotic place to another for pleasure. No jet required.  Though a travel companion who is an airline employee certainly helps!

Right now they are asking on their Twitter feed for someone who “has a muse, spends less than 4 hrs per week, collects over 10k per mo and is willing to be interviewed.” They are looking for ways to make money on autopilot, and live the life we all enjoy, including posts about one of my favourite subjects – Brazilian girls (The Brazilian Trifecta- A guys perspective from Rio) But there are some things we can also learn from posts such as their interview on the Four Hour Workweek with successful internet marketing entrepreneur Dale, of Pigtones.com, Dale says in his interview:  “I also have a principal that I operate from that helps me with the obstacles: failure is part of the process.”

By the way I’m on Twitter now so besides blogging here about how to be a property tycoon or how to live as a laptop hippie you can follow my tweets. I’m thinking of renaming my blog “The Crazy Man’s Way to Riches.” What do you think? Please let me know.

All this brings to me to another theme: If you want to create or build wealth, it will help to understand what it is. Wealth is not the same thing as money. Wealth is as old as human history. Far older, in fact – ants have wealth. Money is a comparatively recent invention.

Wealth is the fundamental thing. Wealth is stuff we want: food, clothes, houses, cars, gadgets, travel to interesting places, and so on. You can have wealth without having money. If you had a magic machine that could on command make you a car or cook you dinner or do your laundry, or do anything else you wanted, you wouldn’t need money. Whereas if you were in the middle of Antarctica, where there is nothing to buy, it wouldn’t matter how much money you had.

Wealth is what you want, not money. But if wealth is the important thing, why does everyone talk about making money? It is a kind of shorthand: money is a way of moving wealth, and in practice they are usually interchangeable. But they are not the same thing, and – unless you plan to get rich by counterfeiting – talking about making money can make it harder to understand how to make money.

That, in a nutshell, is why the four hour workweek is a very cool idea, even if it’s a little impractical in real life. And Bolther is nothing if not a realist.

One more interesting thing this week. Do you need a Second Passport? In my experience these days, most savvy business travellers and members of the international jet set have at least two if not three passports ready to whip out at the appropriate moment. The New York Times agrees with my conclusion, as mentioned in the article at Offshore World (follow the link above)