How to Grow Your Greatest Asset
If You Want Long-term Wealth, Do THIS…
How you spend your time shows me exactly what you’re committed to.
I have a simple formula for determining your level of success at a glance. With just two questions, I can predict your future income with near certainty:
- How much time every day do you spend working on YOU?
- How much time every day do you spend working on your dream?
If I were to tell you that what you have now is only going to compound over time, would you believe it?
What is “Compound Interest?” For the specific definition, let’s turn to our friends over at Investopia:
“Compounding typically refers to the increasing value of an asset due to the interest earned on both a principal and accumulated interest. This phenomenon, which is a direct realization of the time value of money (TMV) concept, is also known as compound interest. Compound interest works on both assets and liabilities. While compounding boosts the value of an asset more rapidly, it can also increase the amount of money owed on a loan, as interest accumulates on the unpaid principal and previous interest charges.
(Read more at: investopia.com)
If what you’re going to invest in creates interest—either as an asset or liability—then it’s going to compound over time.
If you get more of back on a large asset because it has higher interest, then you should boost the value of your asset to grow it more rapidly.
It’s safe to logically assume that you should take your largest asset and pour into it with passionate vigor, right?
What is your greatest asset at your present moment?
(Hint: it’s always you.)
Nothing will propel you toward your goals—be they financial, physical, relational, or other—than working on YOU.
“Income seldom exceeds personal development.” ―Jim Rohn
Maybe you’ve been struggling to push past a plateau in your investing career.
Perhaps you’ve been hitting road blocks, unable to find distressed properties or get any of your offers accepted and under contract.
Or, you keep facing the same problem on repeat, hiring contractors who consistently go over budget and beyond the agreed schedule, causing you delays and frustration.
Whatever you’re dealing with, if you bring the problem back to the foundation of your investing career—you—then you can fix the problem. You can adjust your level of education to match your goals. You can understand where your fears stem from and how to conquer them, you can build a team, and you can get in the current of productivity which will lead you directly toward prosperous opportunities.
“You cannot dream yourself into a character;
you must hammer and forge yourself one.”
―Henry David Thoreau
To dig into where you need help with investing in your greatest asset…
First, answer these questions honestly:
- In the last three months, how many books have you read?
- In the last year, what new skills have you acquired?
- What financial investments and time investments have you made into bettering yourself?
Second, evaluate your dead time.
- When you get home from work, do you “punch out” mentally, too?
- How much entertainment do you consume every week (tv, movies, social media, partying, video games, random toiling that doesn’t produce much)?
- How many times a week do you say, “I’ll do that later” or “I wish I could learn something new, but I just don’t have any time?”
We want to believe we are working “so hard” at our goals. But often, that means we are merely pushing the boundaries a little. Arriving to work 15 minutes early or putting in an extra bird dog session over the weekend to discover distressed homes in your neighborhood. All these little steps will bring you closer to your goal… eventually.
But wouldn’t you rather get in the current of “workflow,” watching results populate all around you because you’re moving so swiftly and effortlessly toward your goals? You can do it the hard way, but don’t you want to do it the easier, better way?
Investing in yourself will never go out of style, never be overkill, and never be “for nothing.” I still invest in myself every year, all the greatest people do.
So, start with your education. Invest in your working knowledge and form a new skill. Then, push yourself and continue to invest deeply to get deeper results. Don’t just read free blogs and print out quote cards. Don’t just invest where it’s easy, but risk it all on yourself and go “all in.”
“Personal development is a major time-saver. The better you become, the less time it takes you to achieve your goals.” ―Brian Tracy
To Your Success;
Lee A. Arnold
The Lee Arnold System of Real Estate Investing
Follow me on Twitter: @CogoCapital and @LeeArnoldSystem
Have a deal under contract that you would like a quote on? Let us know. You can fill out a quick questionnaire at CogoCapital.com to receive a rate quote via email or you can call us anytime at (800) 747-1104 to talk to a loan officer. With millions deployed and millions to deploy, we want you to get the capital you need for your real estate investing.
Timothy just left a new 5-star review of Lee Arnold System of Real Estate Investing:
I would highly recommend this company to all first time investors that I come across that seek funding. I enjoyed the entire team that was out in Milwaukee to train those of us in attendance.
Gary Meyers and Jarrod done a wonderful job during this weekend. I really enjoyed the bus tour to the properties in South Milwaukee. Secondly, it’s a faith based company and this is very rare in the business and I see that God has blessed and will continue to bless those around Lee Arnold.
This is an education company as far as Real estate, training and funding. I wish I had met these guys a little earlier before I actually invested with the other companies which I won’t name. I am currently in debt to the tune of $100K due to the other companies. If I known what I know now, I could have bought 10 homes and be on my way to financial freedom.
I would like to thank the entire team that was in Milwaukee for the weekend for a wonderful experience and I hope that we meet again.
Download your PDF here: RCP or visit https://leearnoldsystem.com/lp/catalog/ to learn about all of our certifications. You can bring your questions to a Business Development Consultant today by calling (800) 473-6051.