So you want to get into real estate investing…
Please do. There’s plenty of room here for you, but I want you to be clear on something.
If I were to ask you WHY you want to become a real estate entrepreneur…. I bet you might say it’s because you want to attain real financial freedom. But what does that really mean?
It sure sounds good, huh?
But I guarantee that if you really think about the words they don’t mean much. You need to get WAY more specific in finding your WHY.
I found my WHY a few years back, and look where it lead me just last week…
See all those hearts and that fantastic number of live viewers?
That happened because I’m real clear on my intentions with Cash Flow Diary and teaching others what it takes to become a real estate entrepreneur!
Saying that you want to be “financially free” could mean any number of things; it’s not a clear answer. It’s not a concise reason.Telling people you want to be financially free isn’t being clear enough! Click To Tweet
That’s what I’ve been talking about lately in my livestreaming. Clarity, I mean. Gaining real clarity.
If you want to see a couple of livestreams I did on the topic, refer to last week’s article.
If you want to watch the whole mini-series I did, you won’t find them anywhere. We’ve archived them for now. If you want to see them, you’ll have to let me know.
Head over to www.CashFlowDiary.com/solidground and hit the “JOIN” button. Leave your email. We’ll take care of the rest.
You’ll enjoy what you learn. I even give you a few assignments. Do them and see what happens. (It’s called getting closer to your goals.)
Name it and achieve it!
You want me to believe you want to be financially free?
Okay… Put a number on it. Tell me what amount of income each and every month would it take for you to consider yourself financially free?How much income would it take for you to be financially free? Click To Tweet
Is it $5,000? $10,000? $30,000? More?
Believe me when I say you can reach those numbers and more if you use real estate investing as your strategy to get there… and you use proven strategies inside real estate investing as you move further down the path as an entrepreneur!
You just gotta know where the deals are, right?
No… wrong. Take a look at this and then come back to finish this article.
[youtube id=”xFyEmUc4q_8″ width=”600″ height=”350″ autoplay=”no” api_params=”” class=””][/youtube]
It’s funny, but I remember a bit over a decade ago when I wanted to earn $10,000 a month. I would tell anyone who would listen at my 9-to-5 J-O-B that I would one day earn that amount of money each month.
One day, a guy at work asked me something I’ll never forget. “Don’t you think you should earn $2,000 a month first?”Wanna earn $10K a month? Learn real estate investing! Click To Tweet
I’m not sure he meant it so nicely, but it got me to thinking. He was right. I could talk about earning big bucks forever, but without taking actions to get me to a smaller goal first I’d never get to my bigger goal.
After all, I was young and I hadn’t gotten a lot of exposure to people who earned much more than a couple of grand a month.
So I started focusing in on what it would take to earn $2,000… then $4,000… then $10,000 and so on. It was not long after that encounter when I learned how to do wholesale transactions. Just 12 weeks after my very first step into that world, well, my world started changing in a really big way.
If you want to see something that explains this a little better, watch this quick video:
[youtube id=”_tjwKYWp02s” width=”600″ height=”350″ autoplay=”no” api_params=”” class=””][/youtube]
Twelve months after that I had for the first time in my life… and the first person in my family to ever do so… I had earned 6 figures!
I was hooked.
There was no turning back…
After that first year and having a whole lot of little successes as a real estate entrepreneur, I decided to forge ahead and keep learning. Actually, I was learning all along the way.
Real estate investing was my passion and my path. It’s something I would never be able to walk away from… Besides, why would I when the income is so good and I’ve brought together an amazing team of very talented individuals to help me reach my goals?
If you want to learn more about building your team, watch this:
[youtube id=”tD5JfX6rHPU” width=”600″ height=”350″ autoplay=”no” api_params=”” class=””][/youtube]
The long and short of this story is that being clear on my goals – which were to feed my family, make sure my wife didn’t have to work outside the home if she didn’t want to (unless it was with me like we do today in creating killer cashflowing vacation rental properties), to earn a certain income every year and to have more time with my kids – helps me achieve them.
Once I reach a goal, I push it out further and make it bigger. In fact, don’t be afraid to make your goals really big. The bigger the better! Just put a realistic time frame on it.
If your goal is to earn truly passive income… great! It’s a great way to earn a living and push your goals out further and further.
If you want to get a quick idea of what that might look like, go here:
[youtube id=”pJUaofyw2d4″ width=”600″ height=”350″ autoplay=”no” api_params=”” class=””][/youtube]
So, how long will earning big numbers in passive income take?
Um, it will take however long it’s gonna take.
That’s what I am always telling people… that you will work UNTIL the job is done. However,I might add… and you gotta be realistic. After all, success doesn’t happen overnight. You’ll work many late nights; you’ll get up early plenty; and you’ll work until you reach your goals.
That’s called being an entrepreneur.
It could take you a fast couple of weeks to reach a smaller goal (for example, if you are looking at being a wholesaler) and it could mean a couple of years from now for the bigger ones (like if you want to buy an apartment building and rent out the units).As a wholesaler you can earn your first couple of grand in the next couple of weeks! Click To Tweet
Success as a real estate entrepreneur boils down to your determination of working until you get the job done, your commitment to take the right training, you dedication to keep going even when times get tough, and your understanding that even the smallest of wins should be celebrated.
As for me, I had a secret weapon to keep me focused, clear-minded and on the right path.
It was and continues this very day to be my vision book. I’ve shared with you about this before, and I even show pictures of it in my book, Cash Flow Diary: 10 Steps to Creating Wealth in ANY Economy!
Maybe it will help you in your journey, so be sure to grab a copy. It’s free if you click below: