ACNE ARTICLES

What’s Your GNH?

The GNP gross national product is one thing. But what about your GNH gross national happiness The country of Bhutan uses GNH gross national happiness – as a cornerstone of its country’s development and success. Learn how you too can focus on GNH to bring more life to your life. We all have heard about the GNP – gross national product – the widely used measure of economic well being. We also know that many studies have shown that the citizens of wealthier countries are not necessarily happier than those in less wealthy countries. Our own experience shows us that income does not necessarily correlate with happiness.Along these lines I came across a fascinating story recently about the tiny Himalayan nation of Bhutan which uses GNH gross national happiness – as a cornerstone of its country's development and success. While the philosophy is not without its detractors there is widespread enthusiasm for it among the general population. What an amazing concept Although there have been times in my life when I earned more than I do now I am very happy with what I do every day. In my coaching business I meet many wonderful people both clients and professional...
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Say Goodbye To The Gross Rent Multiplier

The GRM or gross rent multiplier used to be a common tool of many real estate investors. There are better ways to put a value on a property now. You may be familiar with the gross rent multiplier. This simple formula for determining the value of rental real estate has been around for ages. The first book I read on investing in real estate advised me to \ never buy a property with a GRM of more than 8.\ GRM is the acronym for gross rent multiplier of course and the formula is this divide the price by the gross annual rents to get the GRM.In other words the author was advising me to never pay more than 8 times the annual rent for a rental property. That seemed simple enough. I started looking at properties in terms of GRMs. If it was selling for 6 times rent it must be a good deal. If it was 12 times rent it had to be bad. It was great to have such a simple rule to follow except that it never was a good rule to begin with.Using a gross rent multiplier is a crude way to put a value on...
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