What’s the most money you’ve ever brought to the table in a day?
A few hundred dollars… a few thousand?
Either of those would be great, right? But what if you could score $700,000 in a single, solitary day for a deal you’re working on?
That’s what I did recently and I thought I’d share what that looks like, so you can replicate my actions.
You’re shaking your head, right? You think it’s not possible to bring that much money into your life in a day. Well, it is… but only if you have systems are in place, starting with a real good calendar.
Before I go further, take a look at this video…
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Staying focused is mandatory!
That $700,000 will produce about $200,000 in income annually (before debt service), but I wouldn’t have been able to raise it if I hadn’t been very focused on the right activities.
What does that mean exactly?[tweet “Want more income? Manage your time!”]
If you just watched the video included in this article, you know that in order to bring big money into your life for creating the future you want, especially in real estate investing, you know that scheduling your time each and every day… and sticking to that schedule… is mission-critical.
This isn’t the first time I’ve talked about this topic. Take a look at this video:To help me manage my time, I use Schedule Once, which is a great tool to help me schedule my time. Without it, I’d be sunk!
By scheduling your day, time slot by time slot, you get more done. Notice I don’t say “minute by minute” because I don’t do that. Instead of tracking my time down to the minute, I allot chunks of time to the most important tasks.[tweet “Don’t schedule your time minute by minute; give yourself gaps!”]
In fact, on many days I have large gaps in my schedule, which is done somewhat purposely. These gaps allow me to do what it takes to raise private capital for my deals.
For example, as you see in the video when I show you my calendar, I block out time to make important phone calls… like those that end up bringing me an investor who is going to let me use his $700,000 in my next big deal!
People ask me how I stay on task and focused on my goals.
Simply, I remove the tasks that are not the highest and best use of my time.
This is a big one.[tweet “Dump the tasks that aren’t the highest and best use of your time!”]
When you understand that your success as a real estate entrepreneur comes from the time you dedicate to developing relationships with investors, finding the capital you need, structuring the deal, and all the other lead-generation actions and doing the things that emails and automation can’t do, well, you’re on a faster path to achieving your goals.
By developing a system for controlling the inputs I can stay focused on achieving a particular goal. This includes putting in place a team that will help you get things done.
As you may have guessed, I did a video on this in the past. Take a look…One thing a team will do for you is to help you remove the tasks from your plate that don’t bring you more business and income. By controlling your inputs and removing tasks that you don’t need to be doing yourself, you’ll give yourself a big leg up into the saddle of success.
That means removing the distractions, too… like posting on Twitter, taking unscheduled phone calls, answering emails all day long.[tweet “Remove the distractions from your daily routine and watch success take shape.”]
Here’s where other people (a.k.a., your team) can be extremely helpful. You don’t have to be the person doing all the Tweets and making all the calls. You can hire other people and leverage their time and talents to get all those calls answered and emails returned. You can also hire other individuals to help you create emails for marketing, write things you need written and manage your social media advertising. (Cuz you can’t ignore all these things; it just doesn’t have to be you doing them.)
My point is that no matter what your focus is in real estate investing, from single-family houses to multifamily properties to commercial deals, you have to keep your eye on the ball. In this case, the ball is raising private capital and finding your next deals.
One of the tools that helps me to keep my sights in alignment with my goals and stay sane every day is Sane Box. This tool helps me categorize emails so only the most important ones get through. If you watch the video at the top of this article, you’ll see I have only a handful of categories for my emails.
You’ll also hear me say that…
- I have three phone lines and that each is for a specific purpose.
- I use tools that help me filter all my email in-boxes that some sort of intelligence behind it.
- I have an executive assistant who handles some of my scheduling and lower-level tasks (that a piece of automation software can’t manage because it’s not human).
- I have consistent systems running in the background that allows me to focus ONLY on the tasks that bring me deals and income.
So, no matter what your goals are in business… even if that’s not real estate investing… when it comes to earning a lot more income means you will have to learn to use your time more wisely.
You’re going to automate those tasks that can be automated, you’re going to outsource tasks to other humans if they aren’t things that can be handled with a piece of software or automation tool, and you’re going to schedule your time each and every day![tweet “Automate those tasks that can be automated; leverage other people’s time and talents to help with the rest.”]
If you like information like this, make sure to follow me and Cash Flow Diary on Periscope, Facebook, Twitter, ITunes and YouTube. You’ll find the handy links on this website.
If you want to learn more about one area of investing I participate in as a real estate entrepreneur, take a look at this…