One of the most important parts of running a successful real estate investing business (yes… you need to treat REI as a business… not a hobby no matter how big you want to get) is aligning that business to help you reach your life’s goals.
Far too often people jump right into a new business, job, or any big life change without really thinking deeply about how the heck that change will help them get what THEY REALLY WANT out of life.
Ya, ya, ya… I know you’re thinking…
I just want to make a ton of money in real estate… I don’t need this fluffy stuff!
Hey, that was me too before I started my businesses… but I toiled away for 2 long years chasing after “making a lot of money in real estate”.
I’ll tell you what… the money didn’t come and I got frustrated as heck until I figured out why I hadn’t gotten anywhere near the goals I had set.
Align Your Life Goals With The Right Real Estate Investing Techniques
The path I was taking in real estate didn’t mesh with what I really wanted out of life… so I was self-sabotaging myself at every step because deep in the back of my mind somewhere… I knew that the way I was going about real estate investing wasn’t going to get me the life I wanted to live.
The path I took was to try to do wholesale deals and lease options.
However, what I want out of life is to create a truly passive stream of income and have a rather large real estate portfolio that I continually grow over the next 20 years… then sell it off to fund an early retirement.
Also, I don’t like doing just real estate investing all day long. I’m an entrepreneur and have other businesses as well… and I don’t want to have to continually get a mass of leads for wholesale deals… and make 100+ offers a month. That’s just not me. For me, real estate is a passive income and long term wealth building tool.
Until I figured out what the heck I really wanted out of life… I could choose how to integrate the right real estate investing strategies for me to get there (i.e. – buying and holding multi-unit real estate).
Long story short…
Before you ever think about writing that business plan or buying a property… you need to really sit down and think hard about what you REALLY WANT out of life.
Ya, money is great… but how do you want to live? I can tell you, money isn’t even in the top 5 things I want out of life… but it helps me to get where I want to go.
So, as the very first step to being a successful real estate investor and real estate entrepreneur you should create your solid LIFE SUCCESS FOUNDATION … and I’m here to help you do that.
First Key To REI Success – Knowing What You Want Out of Life
Okay, there are a few things that you really need to do BEFORE you ever think about learning real estate strategies. Believe me… I wasted 2 years before I realized this little nugget. Simply go through the steps below to create that solid Life Success Foundation that you need… I can guarantee that you’ll have huge clarity about your life… and it will make real estate investing 1 billion % (yep… that much!, lol) better.
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Write Out Your Life Plan
I know, this sounds all difficult doesn’t it? Most everyone laughs at creating a “life plan” because for some reason people don’t think they need a plan how to live. You’re right! You don’t need a plan to live… life shouldn’t be a planned out deal.But, you DO NEED to really dig deep and find out why you are on this earth. What makes you happy in life? Where do you want to be in 10, 20, 40, 50 years? What is your ideal average day? These are the things you need to figure out… so you can go after real estate investing in a way that will actually help you directly reach these life goals… rather than chasing other peoples goals… or simply money.
Let’s create that life plan (just so you know… it doesn’t have to be long… even a few paragraphs will do!)
