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A Million Dollar Investment

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: On what would you spend a million dollars with today’s economy? My Response: As I understand real estate, that’s what I would invest in. I have recently bought two golf courses, one in Washington, D.C. on the Potomac River and one in Colts Neck, New Jersey. They are beautiful sites and worth the investment. As a developer, there is great satisfaction in making something spectacular. Every moment is exciting, even with the problems. It’s a challenging economy we’re dealing with today but there are ways around it. If you more...
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How To Define Success

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: In life there is more to being successful than success financially, in business, or in your career. What do you think is the best way to define what success really means in order to feel that a person has lived a complete and satisfied life? My Response: Happiness is a good barometer. I have a full life because I not only love what I’m doing, but I have a wonderful family. It’s very well balanced. I work a lot but that includes my family in many ways. My three more...
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Getting Started In Real Estate Investing

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: I would love to be a real estate investor, however, I hear it takes a huge capital to venture. I have so little but I want to start now. How do I do it? My Response: You will need to build up your capital, but at the same time, start looking around for smaller real estate investments. It’s a good way to lay the groundwork for when you will be able to invest. You have to set realistic goals--it’s the think big philosophy combined with pragmatic thinking. I didn’t build more...
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The Best Advice From Fred Trump

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: What is the best thing your father Fred C. Trump ever taught you in your lifetime? My Response: He always told me to “know everything you can about what you’re doing” and that was simple but wise. I’ve followed his advice and it has proved effective. He also gave me his 4-step formula for success: Get in Get it done Get it done right Get out This is also very good advice and I’ve followed this formula. It works. Side point: My first book, The Art of the Deal, gives background information on my father and how more...
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Pursue Your Passion

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: I am a first year diploma student specializing in Engineering. I prefer Entrepreneurship, business management and currently I am educating myself with those subjects more than my current formal education. Would you advise me to stay focused on my formal education for a diploma or for me to pursue my passion? My Response: If it’s possible, you should do both. It seems you are doing both now if you are reading my books. But if you clearly aren’t interested in engineering, it’s best to switch majors. I’m a firm believer more...
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Manage Difficult Times

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: What was your mentality when you encounter difficult times? How did you manage negativity and come through successfully? My Response: I refused to give in or to give up. I knew I wasn’t finished, and in fact I came back to be more successful than I was before. I refused to become negative and saw the situation as a ‘blip’ and not a catastrophe. I focused on the solution, not the problems. Being positive can give you tremendous resiliency. I regained my focus and was very tenacious. The best mentality more...
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Success and A Happy Family Life

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: How has your family life and marriages influenced, either positively or negatively, in your way of achieving things? How is this aspect of your life tied to your success? My Response: Having a happy family life definitely provides an equilibrium that is very helpful for finding success. It is a firm foundation, just as education can be. A family unit is stronger than an individual. For example, I am the Chairman of a large organization, and I know how effective it is, and how important it is, to have a more...
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Getting Motivated

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: What is it that motivates you every day in the morning besides your family, love and passion for your business?  My Response: I have remained a curious person and that’s a motivation in itself. There’s always something to discover, and every day provides another opportunity. Remain alert and curious and you’ll be motivated every morning too. Related Post Inspiration Taking Control Focus On The Opportunities Related Training: Learn real estate investing  Work With a Coach Join The Trump Entrepreneur Initiative's Network more...
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My Biggest Accomplishment in Real Estate Investing

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: What was your biggest accomplishment in real estate? And where was it? My Response: Trump Tower opened in the early 1980’s and was the first building I had built that had my name on it. Getting it done--and in the way I wanted to do it--was a huge accomplishment. I’m still proud of it, and it has become a major tourist attraction in New York City. Trump Tower is on Fifth Avenue in New York, between 56th and 57th Street. Related Posts Choosing the Right Real Estate Market more...
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Choosing the Right Real Estate Market

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: There are many markets in real estate, what is your opinion about choosing the right type of market and how do you do that? My Response: The most important thing is to know your territory. I am successful in real estate but I still do my homework, particularly if it’s an area I’m not familiar with. When I decided to develop in Manhattan, I spent a great deal of time walking around, to familiarize myself with the neighborhoods because I was new to the city. Do not take anything for more...
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Focus On The Opportunities

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: You have faced some really big challenges and some very difficult circumstances in your life. What activities, words of wisdom and other tools do you use to get yourself back up to remain positive? What advice would you offer to anyone struggling today? My Response: Your focus is very important--so be sure to focus on the opportunities, because they are always there. For example, if 90% of companies aren’t hiring, then focus on the 10% that are. I learned to focus less on the problem and more on the solution, more...
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Managing Real Estate Investment Property

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. Question: I have never studied management but am interested in learning real estate property management so I can manage my own real estate investing properties. Where do I start and what are the basics I need to know about property management?  Study everything you can about it. In The Art of the Deal,  I talk about how I learned from my father and had my own experiences with property management. It’s worth reading about. You’ll see that it takes a lot of insight into human nature, so all your experiences more...
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Fred Trump

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. On several occasions you pay tribute to your father Fred C. Trump. We only see a small glimpse of him as a family man and as a business person. Anything in the works to do an inside biography of your father and his early years? My first book, The Art of the Deal, gives background information on my father and how he started out in business, and about our family life. It’s a good source. Related Posts  Focus On Business Donald Trump's Biggest Challenge Real Estate Investing more...
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Focus On Business

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. What methods do you use to help you focus on the many projects and businesses that you have? In the morning, I review the newspapers, national and international, and watch the morning news. I pay attention to anything that might have a positive or negative effect on wealth creation and make mental notes about that. It gets my mind going for what I need to address that day, and gives insight into developing situations that might also affect my businesses in the future. This provides an immediate focus.  Related Posts  Donald more...
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Donald Trump's Biggest Challenge

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. What was your biggest challenge as one of the top entrepreneur’s in the world? Entrepreneurship takes patents, skill and a lot of hard work. In the early 1990’s I was many millions of dollars in debt, the markets weren’t doing well, and newspapers had reported my demise, that I was finished. But I didn’t believe it for a second. I focused on the solution, not my problems, and refused to give up. I became more successful than I had been before. Related Posts  Real Estate Investing and The Global more...
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Real Estate Investing and The Global Economic Crisis

The following question was submitted to "Ask Donald Trump" by a The Trump Entrepreneur Initiative member. What do you think about the importance of buying real estate in this world crisis? There are always real estate investing opportunities, but one must research and be careful. Of course it helps if you have cash and know how to buy in this kind of market, but it’s important to realize that there are opportunities no matter what the market is doing. One of my first deals was done when the real estate market was in bad shape in New York City, in fact the city itself was more...
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Personal Finance Advice For All Ages

The following question was submitted to "Ask Donald Trump" by memeber #1958969. I'm a high school teacher working with 11th and 12th graders. I read your blog entry regarding the need to prep students for the business world at the high school level rather than waiting until college. I was wondering if you could list 5-10 general areas you think would be vital for students to have exposure to at this level? Students need to know more about how the financial sector works, both nationally and internationally. Emerging markets, equities, stocks, bonds, mutual funds, asset management, fixed income, commodities, and so on should be more...
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Is It Easy To Say You're Fired?

The following question was submitted to "Ask Donald Trump" by Ray C. Q: Do you think because of employers seeing how you handle things on The Apprentice it has become easier for individuals in business who watch to say “You’re Fired!” to under performing employees? A: I don’t think anyone really likes to fire another person. I know I don’t. I’d rather keep people around, but sometimes it’s necessary. I’ve had employees who have been with me for decades, and that’s my preference. I think employers understand the premise of the show and what is going on, and as professionals, it wouldn’t alter their course more...
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Advice For New Real Estate Agents

The following question was submitted to "Ask Donald Trump" by Helen G.: I am really feeling at a loss as new agent in real estate. I have not been able to land one deal and am not sure if it’s me or what it is, for the most part. I don’t have the right people around, everyone claims they have already bought. Am I that late in the game? This is a tough time for real estate, even for seasoned agents. Instead of becoming discouraged, use this time to learn as much as you can about what you’re doing and about the industry more...
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The Think Big Approach

The following question was submitted to "Ask Donald Trump" by Luke Yaugo:  You take a big kick ass approach to everything you do. How did you develop that mindset? From your father or on your own? Would you say the 90’s were the starting point of your philosophy? Will your children carry on this way of thinking? What is your vision? Where do you see the Trump Organization headed when you’re no longer able? I learned a great deal from my father about many things, he was definitely a mentor and a terrific example, but my think big philosophy was more of my own more...
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Donald Trump Will Now Take Your Questions

Have you ever wanted to ask Donald Trump a question? Now's your chance! Mr. Trump loves hearing from The Trump Entrepreneur Initiative members, especially members with great questions! Ask your most interesting and direct questions on any topics you wish to hear Mr Trump's point of view. Twice a month, Mr Trump will reveal his insight on leadership, hard work and wealth creation. Look for his answers and see if your question was selected when his answers are posted on the Trump Blog. Ready to ask a question?  There are four ways to ask Mr Trump your question. The best way is to post your question directly in the Wealth Builders Network. Note more...
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Ask Donald Trump Contest Winner: Ivo Verhaegh of The Netherlands

Today we showcase Ivo Verhaegh, a student from the Netherlands and his winning question. Many students submitted questions for Mr. Trump, but the judging committee selected Ivo’s as the most interesting. Let’s take a closer look. Ivo’s winning question . . . “I’m 16 years old and come from the Netherlands. I’m very ambitious and I really want to be successful. I want to start my own company, I have several good ideas. Do you think it is better to go to university first to gain more knowledge and life experience? And if I should go to university, which education/course will fit best more...
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Ask Donald Trump Contest Winner: James Kayui Li of the United Kingdom

With today’s blog post, we showcase a winning question from our recent Ask Donald J. Trump contest Let's meet James Kayui Li and learn from his winning question. About James (in his own words) . . . “I am happily married and self-employed. My interests are reading, real estate, excercising and continous learning. “I am a fan of The Apprentice and Mr. Trump is my teacher and a role model for me. My aim is to create great wealth and joy in life. As Mr. Trump knows so much about real estate and wealth creating, who better to learn from than Mr. Trump himself? So I read his books and listen more...
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Ask Donald Trump Contest Winner: Mohamed Shedou

Today we showcase Mohamed Shedou and his winning question. About Mohamed . . . Mohamed is a brilliant and extremely accomplished man. His blogs are beautifully written and full of stimulating insights and opinions - many about what it means to be ambitious and new to living in the United States. But let’s allow Mohamed to tell you about himself in his own words . . . “I grew up in a small industrial town in northern Egypt, in a highly respected family with a reputation of solid morals and bright intelligence. We had a business and all my brothers were involved in it, so I was exposed more...
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Ask Donald Trump Contest Winner: Vinay Menon of Hamilton, Ontario, Canada

With today’s blog post, we showcase a winning question from our recent Ask Donald J. Trump contest Today we showcase Vinay Menon and his winning question. About Vinay (in his own words) . . . “I am 34 years old, originally from Calgary, Alberta. My passions are cars, computers, and business.  I am co-founder of the car photo Website, MadWhips.com.  “I live with my wife in Hamilton, Ontario, from where I implement manufacturing software, build web sites, and trade stock. “My current car is an SVT Cobra, my next is a Porsche 911 Turbo. The only TV shows I really watch are Mad Money, Formula more...
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Ask Donald Trump Contest Winner #3: Joe Comeau of Port St. Lucie, Florida

With today’s blog post, we showcase a winning question from our recent Ask Donald J. Trump contest Today we showcase Joe Comeau and his winning question. About Joe . . . Joe Comeau lists his previous occupations as “Banker, limo/taxi driver, travel agent, food services worker, construction, retail sales, online sales . . . should I continue?” Currently, Joe is an international recording artist who has recorded eight studio albums, played on various other recordings and has toured extensively throughout the world. His main genre is Heavy Metal.  “It is in my blood and it fuels that which I do,” Joe says, “always has and always will!” But more...
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Ask Donald J. Trump Contest Winner #2: Rajesh Kumar Shakya

With today’s blog post, we showcase another winning question from our recent Ask Donald J. Trump contest  About Rajesh . . .  A native of Nepal, Rajesh Kumar Shakya is the three-time winner of The Best Entrepreneur in Information Technology Award, one of the prestigious Boss Top 10 Business Excellence Awards in Nepal. Rajesh is an entrepreneur, trainer, motivational speaker and consultant for many businesses, e-governance and IT projects. He holds a masters degree in computer engineering (with honors) and is on the visiting faculties of various universities and colleges including Kathmandu University and Kathmandu College of Management.  As a consultant, Rajesh currently more...
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Ask Donald Trump Contest Winner #1: Claire H.

 Claire is a winner in our Ask Donald J. Trump contest! Today we showcase Claire H. of Colorado and her winning question. About Claire (in her own words) . . . Claire Huckfeldt enrolled at The Trump Entrepreneur Initiative in July 2006 because she immediately recognized and wanted to team with the elite mentor for wealth building, entrepreneurship, and real estate investment education - Donald Trump. She was not going to miss the golden opportunities he and his experts offer at Trump U. Claire also enjoyed a close relationship with an amazingly wonderful parent - she credits and treasures her mother for her successes just as much as Mr. Trump more...
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Congratulations to the Winners of the Ask Donald J. Trump Contest!

Our recent Ask Donald J. Trump Contest invited members of the The Trump Entrepreneur Initiative community to submit questions to our Chairman, Donald J. Trump. The response was terrific. In fact, selecting 10 winners from the 564 entries was a real challenge. It was so difficult that our judging committee picked a group of finalists and asked Mr. Trump to select the winners from among them.   He did. His winners have now been chosen and informed of their wins by email. They are . . . Joe Comeau Claire Huckfeldt James Kayui Li William Neder Vinay Menon Alejandro Pantoja  Rajesh Shakya  Mohamed Shedou  Ivo Verhaegh  Jason Wang  You can read both their questions and Mr. Trump’s answers here on the Trump blog during the more...
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The Ask Donald J Trump Contest: Winners to Be Named Soon!

Thanks to all of yuo who entered our recent "Ask Donald J. Trump" contest.  Because there were so many of you (564 entries, in fact), it has taken our selection committee longer than we expected to  judge them. There were so many great questions that instead of picking the 10 winners ourselves, we selected a small group of finalists' questions and sent them to Donald J. Trump himself to select the winners.  He is reviewing them now. Please watch this blog for the results!    more...
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The Ask Donald J. Trump Contest Enters its Final Five Days!

The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too Thanks to all of you who have sent questions to our Chairman Donald J. Trump. It is my duty today to tell you that this Saturday, September 15th, will be the final day to submit questions. Our judging committee will spend next week reviewing all questions and selecting the winners that will be delivered to Mr. Trump.   If you haven't heard about this contest, let me review how it works.  The deadline for submissions is September 15th.  That's just five days more...
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Ask Donald J. Trump!

The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too Since we announced our Ask Donald J. Trump contest three weeks ago, dozens of questions are pouring in every day. Don't you want to ask Mr. Trump a question too? Now's the time, because the contest closes on September 15th. If you haven't entered yet, here’s how it works.  The deadline for submissions is September 15th. It’s easy! Simply submit your question as a comment to this blog post. (Click on comments in the shaded box that follows this blog post and follow the more...
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Our Ask Donald J. Trump Contest Enters Week Three

The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too We announced our new Ask Donald J. Trump contest two weeks ago. Dozens of questions are pouring in. So . . . do you have a question that you’re dying to ask Donald J. Trump? Now's the time, because the contest closes on September 15th. Here’s how it works. The Trump Entrepreneur Initiative is sponsoring a unique new contest that could let you ask the great Donald J. Trump any question you would like.  The deadline for submissions is September 15th. It’s easy! Simply more...
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Ask Donald J. Trump! The New Contest from The Trump Entrepreneur Initiative

The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too We announced our new Ask Donald J. Trump contest last week and already dozens of new questions have come pouring in. So . . . do you have a question that you’re dying to ask Donald J. Trump? Here’s how it works. The Trump Entrepreneur Initiative is sponsoring a unique new contest that could let you ask the great Donald J. Trump any question you would like.  The deadline for submissions is September 15th. It’s easy! Simply submit your question more...
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Ask Donald J. Trump! The Trump Entrepreneur Initiative's Great New Contest

The Trump Entrepreneur Initiative’s new contest let’s you ask Donald J. Trump any question you want about success . . . and win a course from The Trump Entrepreneur Initiative too Do you have a question that you’re dying to ask Donald J. Trump? Here’s your chance! The Trump Entrepreneur Initiative is sponsoring a unique new contest that could let you ask the great Donald J. Trump any question you would like. Here’s how it works:  The deadline for submissions is September 15th. It’s easy! Simply submit your question as a comment to this blog post. (Click on comments in the shaded box that follows this blog post and follow the instructions.) Your question more...
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Ask Mr. Trump: Questions from Around the World

Donald Trump has long had a high profile, but only recently, with the popularity of The Apprentice, has he assumed the dimensions of a folk hero. To his audience, he is a potent symbol of the American dream, a towering icon of success. "Ask Mr. Trump," a feature on the The Trump Entrepreneur Initiative website, reveals the various segments of America and the world in which his message of success resonates deeply. Every week, hundreds of people send questions to the site. Aspiring entrepreneurs and business leaders around the world solicit his advice on how to get ahead, how to be successful, what makes more...
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