Summer 2009 Update

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We hope you are having a fantastic summer so far. In this issue of our e-news, we have photos from our Spring cocktail party, an article on facing your nightmares and an update on our campaign to send inner-city kids to camp.

Wagenseller Law Firm’s 2nd Annual Cocktail Party

On May 14th Wagenseller Law firm held its 2nd Annual Cocktail Party at Cafe Pinot in downtown Los Angeles. Real estate professionals from around Los Angeles gathered to hear Tim O’Brien of The Personal Branding Group speak about “The Power of Personal Branding.”

We also kicked off our campaign to raise money to send inner-city children to the downtown YMCA’s summer camp in Big Bear.

What Is Your Nightmare?

“I am an old man and have known a great many troubles, but most of them never happened.” —Mark Twain

If you are nervous about taking a risk or doing something new—or are simply putting it off out of fear of the unknown, here is your antidote—brainstorm the answers to these questions.

1. Define your nightmare: What is the absolute worst that could happen if you did what you are considering?

What doubt, fears, and ‘what-ifs’ pop up as you consider the big changes you need to make? Would it be the end of your life? What would be the permanent impact? Are they really permanent and how likely do you think it is that they would actually happen?

2. What steps could you take to repair the damage or get things back on the upswing?

Chances are, it’s easier than you imagine.

3. What are the outcomes of more probable scenarios?

Now that you have defined the nightmare, what are the more probable or definite positive outcomes? What would the impact of these scenarios be? How likely is it that you could produce a least a moderately good outcome? Have less intelligent people done this before and pulled it off?

4. If you were fired from your job today, what would you do to get things under financial control?

Imagine this scenario and run through questions 1-3 above. If you quit your job to test other options, how could you later get back on the same career track if you absolutely had to?

5. What are you putting off out of fear?

Usually, what we most fear doing is what we most need to do. That phone call, that conversation, whatever the action might be—it is fear of unknown outcomes that prevents us from doing what we need to do. Define the worst case, accept it, and do it. A person’s success in life can usually be measured by the number of uncomfortable conversations he or she is willing to have. Resolve to do one thing every day that you fear.

6. What is it costing you — financially, emotionally, and physically — to postpone action?

Don’t only evaluate the potential downside of action. It is equally important to measure the atrocious cost of inaction. If you don’t pursue those things that excite you, where will you be in one year, five years, and ten years?

7. What are you waiting for?

You’re afraid, just like the rest of the world. Measure the cost of inaction, realize the unlikelihood and repairability of most missteps, and develop the most important habit of those who excel and enjoy doing so: action.

Adapted from The 4-Hour Workweek by Timothy Ferris

Wagenseller Law Firm Around Town

Laine Wagenseller’s article “Fighting Partnership Lawsuits: 5 Threshold Issues” was published in Bolton Insurance Company’s Real Estate Practice Group Newsletter. To read this article, click here.

Look for “Put Your Money Where Your Mouth Is: When Disgruntled Partners File A Lawsuit, Seek A Bond” by Laine Wagenseller in the upcoming issue of 50+ Builder Magazine.

Laine Wagenseller spoke at the California Continuing Education of the Bar (CEB) seminar entitled “Fundamentals of Commercial Real Estate Practice” on May 30th at the Wilshire Grand in downtown Los Angeles.

Wagenseller Law Firm welcomes Carmen Yuen as our new Office Manager. Carmen can be reached at (213) 996-8351.

Sending A Kid To Camp

Thank You For Your Support!

Wagenseller Law Firm is pleased to announce that we raised close to $10,000 to send inner-city kids to camp this summer with the Ketchum Downtown YMCA of Los Angeles.

With budget cuts and cancelled summer programs, many kids are left with nothing to do this summer. Our goal was to help send as many kids to camp as possible.

With your generous donation to the YMCA we were able give these kids a chance to sleep beneath the stars, sing around the campfire and swim and hike in Big Bear.

We are proud of how many people donated and we appreciate the generous outpouring of support.

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