A favorite Bible verse of Adam LaFavre is, “It is more blessed to give than receive.” In his life, Adam LaFavre continues to abide by this simple adage while working hard to instill this same attitude in his children. For example, LaFavre’s 10-year-old son Brock has been known to use his entire allowance to purchase food and clothing for those less fortunate. Just last year, Brock sold many of his old toys and donated the proceeds to a member of the community who required a life-saving operation, recalls Adam LaFavre.
For LaFavre, nothing matters more in life than his family. Adam LaFavre can often be found enjoying a dinner with his wife and six children, an occasion filled with laughter and joy. When Adam LaFavre is experiencing these special moments with loved ones, he will often ask his children to scan the room and select a particular table to bless during their prayer. He believes that this habit will help sharpen the awareness of his children – and encourage them to benefit those in need.
Q: Please describe how the economic climate has affected the real estate industry.
Adam LaFavre: I have experienced some significant troubles in my career, but the recent economic downturn is by far the most serious. Most professionals who managed to achieve great success in real estate have hit the ground, never to rise up again.
Q: Why do you think some of these individuals will struggle to reclaim their former status?
Adam LaFavre: Perhaps it is because many of them have forgotten the value of hard work. As it relates to most work-related activities, they had other people who would do everything for them. As a result, they failed to adjust to flying solo, so to speak.
Q: What have you seen to be a single prevailing theme in the real estate industry over the course of your career?
Adam LaFavre: The face of real estate has changed dramatically throughout the years, particularly as a result of the economic downturn. After a boom period during the early 2000s, it all came to a screeching halt. Real estate investors, agents and brokers were forced to reevaluate their position in the industry and reconfigure their plans for the future.
Q: How had real estate professionals failed to adapt?
Adam LaFavre: Something that many of us had banked on in the past was equity. However, we quickly learned that it was a false façade. Equity was something that could no longer be considered reliable. In the past few years, many companies and individual proprietors have been forced to create a different strategy.
For Adam LaFavre, a number of business tips have helped him achieve a series of accomplishments in the real estate industry. One example is the utmost need to be knowledgeable in an array of different subjects. The diversification of interests, knowledge and expertise can make a business professional more adept, agile and ambitious.
Time is a precious commodity. Once it’s been spent, it’s impossible to retrieve.
Adam LaFavre suggests a carefully crafted strategy in all matters related to one’s career. An earnest and consistent effort can lead the way toward wealth and well-deserved high status.
Q: What are the core characteristics making up a person’s character?
Adam LaFavre: I believe that a person’s character is often defined by his or her ability to handle life’s obstacles. While some people rise up to meet the moment, others tend to buckle under the pressure.
Q: How do people fail to live up to expectations?
Adam LaFavre: I’ve seen a number of talented individuals excel throughout their careers only to fall at the final hurdle, basically victims of their own stubborn, conceited nature. With that said and given the high stakes of the real estate industry, it’s only natural to feel an unbearable amount of intensity when faced with setbacks and challenges.