I credit my success in real estate investing, as a real estate agent, and in life to deliberate self improvement and success factors, which have become my keys to success. I have been very successful in real estate…but not because I was lucky or extremely smart. I became an agent in 2001, but I did not become very successful until 2008 and 2009. In 2006, I made only $28,000 the entire year! I have since bought 16 rentals properties, have from 12 to 29 fix and flips going at once, published five paperback books, and I bought a Lamborghini.
Being successful in real estate or life is not just about knowledge, hard work, or luck. Many real estate agents and investors have just as much knowledge as I do, work very hard, but are not successful. I am not trying to brag, but rather show you there is more to being successful than being knowledgeable and hard working. I employ many different techniques and strategies that contribute to my success. I have many goals and plans: I read self-help books all the time, and I am constantly trying to improve myself and find better ways to do things. I love the idea of working harder on yourself than you do your business or work.
Article Table of Contents
- My strategies for success in real estate investing and in life
- Success factors and keys to success
- Success in real estate investing
- Organizing a self-improvement plan to be more successful in life
- Article Series on success in real estate, success factors, and keys to success
- Self improvement and change do not happen overnight
Sharing my strategies for success in real estate investing and in life
I hear people talk about how goals do not work, how being positive does not work, how doing what you love will never make you money, or that you have to be lucky to be successful. I think Brian Tracy has a great attitude towards luck:
“I’ve found that luck is quite predictable. If you want more luck, take more chances. Be more active. Show up more often.”
As soon as I started setting goals, making plans according to those goals, and taking action, my luck and life changed for the better. When I started reading self-help books and taking additional steps to improve myself, huge success came quickly.
What about people who have tried to set goals or to be positive yet haven’t realized the same level of success? I think there is more to being successful than setting a couple of goals, being happy sometimes, or reading one self-help book.
Here is another great quote from Jim Rohn.
“Work harder on yourself than you do on your job.”
Whatever you want to do in life, it is tough to be successful if you only focus on work. You must focus on yourself by improving your attitude, beliefs, your friends, and happiness. As a real estate investor you can educate yourself for years, but if you do not have self-confidence you may never buy a property. You also may get stuck doing all the manual labor on properties, which prevents you from growing the business. If you do not let go of the idea that you have to do everything yourself, it is hard to create a real business.
If you are a real estate agent, you may have to do things that you are not used to be successful. You may have to get out of your comfort zone by calling people, knocking on doors, or going to networking events. Many agents get stuck working non-stop without vacations because they have no time or help. If they took a break to analyze their life, they could see how an assistant could make them more money and give them more time. Self-improvement is not all about mediating or repeating mantras to yourself. It is about making yourself a better person, by improving the way you think and do things. If you are always working it is tough to see the things that will improve your life.
Success Factors and Keys to Success
I have read many self-help books and listened to many audio CD’s that tell me what I need to do to improve my life. I have also taken Jack Canfield’s coaching. Changing your attitude and beliefs toward success is not a quick and easy fix. When I took Jack Canfield’s coaching, I spent ten hours per week on assignments. This started the very lucrative habit of writing articles about success, goal setting, and attitude on this blog. These articles help me focus on improving myself…not just my on-the-job performance. You cannot do just one thing and suddenly become successful: it is a multiple-step process.
It can seem overwhelming when you are at the bottom and trying to make it to the top. It seems like it will take too long and take too much work. It is easy to beat yourself up over not improving fast enough. However, if you improve a little bit each day, you can make huge strides. You can’t build a business overnight, but you can build one in a few months. Maybe it takes a few years to become successful, but that is much better than never being successful. If you make sure you do one thing everyday to improve yourself or your life, it will make a huge difference. Self-doubt and being pissed off at yourself does not help you become successful. Give yourself a break and accept that it takes time.
Success in real estate Investing
I mostly write articles about real estate investing and real estate agents. However I also write detailed articles on the things I do that help me to be more successful in real estate and life. Being successful is not just about setting a couple of goals (here is a great example of a goal); it is about creating a system to follow that helps get your mind in the right place to be successful. You must do many things differently, and it takes a lot of work in the beginning. People who think goal-setting does not work have never spent the time it takes to break goals down into actionable steps. The people who think being positive is worthless have never researched why it works and do not understand how out subconscious handles our thoughts. Many who try and do not see results only change one thing for a couple of weeks and give up. If it were that easy, we would all be millionaires with enormously happy lives.
While knowledge and experience helped me become successful in real estate investing and as a real estate agent, it was my attitude that brought me the most success. I started to trust other people to teach me how to succeed, I set goals, made detailed plans, and took time for myself every day to work on my business, not in it. I also became much happier because I stopped being hard on myself for not seeing results overnight. I knew it takes time to build something awesome, and little improvements are just fine. I also was willing to jump out of my comfort zone. I hated the phone, I was extremely shy, yet I forced myself to cold call banks in order to get into the REO business. You have to do things that are not comfortable to be successful, and often those are the things we are most proud of.
Organizing a self-improvement plan to be more successful in life
This article is a guide (much like my Complete Guide to Purchasing Long-term Rental Properties), to my self-improvement articles (I also wrote a book on the subject). My hope is that I can help others achieve success, be more successful than they already are, or just be happier. I am not a certified life coach or a self-help guru, but I know these techniques have helped me be more successful, be happier, and have more free time. To start, I am going to post links to a couple of articles that I posted last year: one is about buying a new house, and one is about buying a Lamborghini. There is no way I could have done either of these things without a complete attitude change—a change that helped me see more opportunities and take more risks. The articles I have written contain detailed information on goal setting, attitude, taking time off from work, money, and much more.
To learn how to use mindset and attitude to make yourself more successful, check out: How to Change Your Mindset to Achieve Huge Success: Why your attitude and daily habits have more to do with making more money and having more freedom than anything else. A 200-page book available as an eBook or paperback on Amazon.
Article Series on success in real estate, success factors, and keys to success
Articles about my how my attitude has helped me succeed
Articles on money
Self improvement and change do not happen overnight
One of the most important things I have learned to do over the last couple of years is to relax. Do not stress about the past; you cannot change it. Do not stress about the future; you do not know what will happen. Do what you can now to be successful but know that it will not happen overnight. The more we are able to relax, the happier we are. I try to improve every day, but I know I cannot do everything at once. Having 16 flips at one time can be stressful. I wish they were all completed and on the market right now, but that is not going to happen. All I can do is keep working hard to get my contractors to finish quickly, find new contractors, and make sure I am on top of everything.
There is also a difference between relaxing and being lazy. When you first start a business you may have to work 80 hours a week until it starts producing. You have to take action to make things happen, you cannot sit on your couch and wait for it. There is a fine line between working too hard, working too little, and finding a balance of work and free time.
I hope this new idea helps people achieve more success and be happier…whether success in real estate investing or life in general. If anyone has any topic suggestions or things they need help with, please send me an email or leave a comment, and I will do my best to answer. My email address is [email protected].