This Guy Was Able to Quit His Job, Pay Off All His Debts, and Travel the World … And He Owes it All to His Real Estate Investing Business!
I met up with a long-time colleague the other day I hadn’t seen in maybe 4-5 years or more …
At the time, he was working for a software technology company … and also burning the midnight oil working on a couple side ventures, one of which was a real estate investing business.
So I ask him … “What are you doing these days? Are you still working with the same hi-tech company?”
He replies … “Oh no man … I haven’t been with them for almost 3 years now!”
“I’m doing real estate full-time now. In the past year, I flipped several properties here in town, and even 2 overseas.”
“It’s been great! I’ve been able to pay off all my debts … travel the world … plus it’s also given me the freedom to start up my marketing consulting business – which is my other passion.”
“Wow … that’s awesome”, I exclaim, “so many people never follow through on their goals and dreams. You actually did … congratulations!!”
So how did he do it?
Well, there were a number of factors of course, but a couple things stuck out: For one, he was very learning-oriented … and was willing to spend the time and money learning everything he possibly could about real estate investing and the different strategies, including: wholesaling, fix & flip, creative financing, commercial investing, etc.
He spent almost 2 years in solid, very concentrated ‘learning mode’. But he wasn’t just learning in those 2 years … he was also ‘applying’.
Because winners know that knowledge alone … is not power. It’s only when you add some action … does it become a force to create the results you want.
The second thing? The guy had a tremendous “sense of urgency”.
He walked fast … thought fast … talked confidently … made decisions quickly … and basically just had a demeanor where it seemed like he was in a hurry because he had places to go, things to do, and people to see.
I was getting exhausted just listening to him. And I think I’m a pretty high-energy guy myself! LOL
I bring this up because I think being in a hurry is a trait shared by most super-successes. Think about it. Know any high achievers you would classify as slow, lethargic, lazy, or low-energy?
I’m guessing not.
I know there might be some exceptions, but in general: It takes tremendous energy … constant driving … and massive momentum – to get massive results.
So how can you create a burning “sense of urgency” that catapults you to success?
Here are a couple of suggestions …
Have goals that totally ignite your fire and stir your soul. And make them absolute musts. And not just ‘hopes’ or ‘shoulds’.
Along with those goals, you’ll also need big, compelling reasons on WHY you will achieve them. And if your ‘why’ doesn’t make you cry … the reasons aren’t compelling enough.
Think about what you’ll lose or miss out on if you don’t achieve your goal. And also on what you’ll gain … once you do achieve it.
I typically have 1-2 annual goals in 4 different categories: Business/Finances, Personal, Fun/Adventure, and Contribution.
And for each goal, it’s not uncommon for me to write out 1-2 full pages on reasons why I absolutely must achieve it.
Try it. I know this is fundamental, but this is the true life-changing stuff!
Another way to create a sense of urgency is to raise your standards.
Michael Jordan, arguably the greatest basketball player in history, was once asked what separates him and makes him so great. I’m paraphrasing a bit, but here’s what he said …
“I would say it’s my standard. I expect more from myself than anyone else could ever even hope to expect.”
Or something like that.
That’s how you become the MJ of real estate. That’s how you become a legend.
Another way to raise your standard is to get around people more successful than you.
Makes sense, doesn’t it? If you want to get better at tennis, you play someone better than you.
And if you want to make a million dollar annual income, you start hanging around with million dollar plus earners.
And believe me, most of these 7-figure people aren’t gonna be twiddling away and lolly-gaggin’ through their day.
They’ll most likely be on purpose … focused … full of energy … and yes, in a hurry to get things done and make things happen.
“The universe loves speed. Money loves speed.” – Joe Vitale
“You can’t steal in slow motion.” – Ron Legrand