The eight steps, like real estate investing, are very simple to begin. The good news is that you can start at any one of the steps… and you already have the first one done!
Once you have been able to figure out and complete these steps, you have a shot at becoming the real estate mogul you’ve always wanted to be.
Step 1: Desire
Desire is where it begins.You need to know that you are ready to work. (Which, if you’re reading this, you have this locked down already).
The next thing we must learn to do is to take our desire and use our time appropriately.
Step 2: Time
Everyone has time. The challenge is that most of us have been using time when we say things such as, “I don’t have time.”
Ultimately, it comes down to how you use this valuable asset. And if you’re getting a poor return, you’re not using it properly.
After we manage our time well, the number-one thing we need to be thinking about is gaining new skills and talents.
Step 3: New skills and talents
As we begin to gain these new skills and or talents, then we become of more value. But most importantly, we gain access to new relationships with these new relationships, then the real fun tends to begin…
Step 4: Relationships
Business boils down to one facet – relationships. It doesn’t matter what business you’re in, you could be selling paper fans for all I care, your relationships matter most.
With those new relationships, we're adding to ourselves credit and credibility that we did not have before.
Step 5: Credibility
Credit and credibility are also vital to business. You need to make sure you or your brand have credibility with not only your partners (via your relationships), but also with your consumers.
Both parties have to know they can rely on you to meet their expectations.
Step 6: Cash
Once you have established credit and credibility, more people become willing to do business with you.
Therefore – you earn cash.
Step 7: Cash Flow
As a result of that cash, you have the ability to learn to raise private capital. Thus, you can begin to create cash flow.
Step 8: Significance
I think all of us ask how we can be significant.
How can I make a difference in someone else's life?
And I think for a lot of us, we're spending way too much time making a difference in our boss's life, as opposed to making a difference in our family’s.
So let’s change that, shall we?
To take your first step towards your family’s financial stability…
Access the FREE Short Term Rental Blueprint video course: https://cashflowdiary.com/blueprint
Subscribe to the Cashflow Diary YouTube channel: https://www.youtube.com/cashflowdiary
Listen to the Cashflow Diary podcast on Apple Podcasts: https://podcasts.apple.com/us/podcast/cashflow-diary/id623140540Listen to the Cashflow Diary podcast on Spotify: https://open.spotify.com/show/3iJetWgP5D7lGQ03gsX6yt?si=XjUp-iA6QoObPESLAAWxOA