Goals That Get You More
No, you didn’t accidentally click on and old issue from January. Yes, we’re talking goals in August and September.
For anyone with school-age kids, this time of year can be all about preparation. You’ve spent your budget (and then some) on backpacks and sneakers, amping up your offspring to have the needed confidence to enter and tackle the upcoming semester with a steady stream of tenacity. You may already be sitting on the sidelines of pre-season football games, convincing your kids they can be champions.
What are you doing for your investing business?
If you aren’t setting new goals, obtaining new resources, and setting out a plan to trek a new path toward greatness, it’s easy to stop growing and become stagnant. You wouldn’t let your children stop learning and trying new things until they got it right, would you? Don’t stop pushing yourself, either.
Sometimes, like another child, we need to stay on top of our investment growth if we want to push and inspire ourselves and our clients toward greatness. If you haven’t made any goals since the new year, now is the time to set a few.
Maybe you want to invest in another duplex or 4-plex, but you don’t have 20% down for a traditional mortgage.
Perhaps you’re ready to try flipping a property to resell for profit, but you haven’t spent time looking at your financing options.
Or maybe you’ve made property acquisition goals for 2018 that you haven’t followed through on but would still like to.
With more than a quarter of the year left, and with the boom of summer behind us, there’s plenty of time to finish 2018 with a stronger real estate portfolio. With plenty of tools and resources to get you started, www.cogocapital.com can be your very own “back to school” resource for private money lending.
Don’t just stop at investing.
If you need funding to expand your real estate portfolio and do those wholesale and flip projects you’ve had on your schedule since the beginning of the year, we’ve got you covered. But if you aren’t also expanding your skill set, you may be missing out on a growth opportunity that will yield you more profit and better opportunities in the future.
When was the last time you learned a new skill?
Bill Gates was once asked, “If you could have any one superpower, what would it be and why?”
“Being able to read super fast.”
Of all the things he could have said, he chose to answer the superfluous question by addressing his reading ability. Why? Because he understands the principle we’re going to discuss today; the principle that each time you add a skill to your roster, you double your chances for success.
The more skills you acquire, the more times you increase your likelihood of success.
Not all skills are created equal and are subjective to the work you do. Learning to toss the perfect pizza dough won’t do you much good in the real estate investment field (unless you pay your contractors in pepperoni slices). But I want to share seven universally needed skills that will not only double your chances at success, they will pay off for as long as you live.
Here are 7 skills that might be challenging to collect but will last your whole life:
1. Being honest with yourself.
Mark Cuban, owner of the NBA’s Dallas Mavericks, co-owner of 2929 Entertainment and chairman of the AXS TV, and one of the main “shark” investors on the ABC reality television series Shark Tank said this;
“Know was you know and know what you don’t know and be honest about both.”
Too many people lie to themselves about their abilities, time, and ambitions, but rarely see it all come together because they aren’t honest with themselves. You can build upon little truths, but you can’t take a big lie and make it a reality.
2. Having confidence.
I’ve never seen someone with “natural ability” in everything they do. But I HAVE seen people who seem to be amazing at everything. How? They have confidence, and that confidence is their power to exceed their vision.
Like a muscle, you must work out your confidence in order for it to grow.
If I could give you one take away, it would be this one: be the last one to speak. Give others the ability to say what they know is true. Then, bite your tongue from commenting and instead ASK questions, so you will understand why they have the opinion and not just what their opinion is.
Don’t listen to figure out when it’s your turn to speak. Listen to hear, analyze, and understand.
Once you’ve gathered everything you need to know, move on to the next skill…
4. Speaking up.
I once attended a real estate event with a gentleman whose main goal for attending was to network with others for his brokering business. There came a time in the day when attendees could line up by the stage to spend 30 seconds in front of the microphone to introduce who they are and what they do. I asked my friend, “So, you’re going to go up there, right?” and he shook his head, claiming he didn’t have anything to show.
I pulled out a piece of yellow paper, made him write his phone number in big numbers, and sent him up to say, “Hi, I have money to lend if you need it, here’s my number!”
Speaking up is invaluable, whether it’s on stage, in front of a room, on the phone, or participating in a meeting, God gave you a voice for a reason. Use it!
5. Manage your time.
We’ve traded effectiveness for business, and it’s killing productivity!
Don’t clutter your life with stuff that keeps you from being effective. Time is the only thing we spend that we can never replace. Don’t waste it.
6. Be someone who doesn’t whine.
It isn’t productive to complain about what you don’t have, how you compare to others, what isn’t happening, etc.
Train your brain to look for the opportunity in every hurdle instead of seeing the hurdle in every opportunity, and I guarantee you’ll become unstoppable.
“I don’t like people being negative, whining, or moaning. If you’re in a situation you’re not in control of, just change.” Keith Barry
7. Being consistent.
You can outperform anyone who is more knowledgeable, talented, gifted, or privileged than you by simply being consistent. It’s called a grind for a reason.
“Success isn’t always about greatness. It’s about consistency. Consistent hard work leads to success. Greatness will come.” Dwayne “the Rock” Johnson
“For changes to be of any true value, they’ve got to be lasting and consistent.” Tony Robbins
These are all internal skills, ones that relate to any profession. But the principle that learning new skills doubles your chances at success is equally true when you acquire skills related to your business.
What skills can you pick up to benefit your business? If you can’t think of any, borrow from this list:
– General Contracting Skills
– House Inspection skills
– Project Management
– Design (think fliers, banners, bandit signs, business cards, etc.)
– Design (think staging)
– Color Coordination
– Social Media Management
– Ad Writing
– Effective Communication
– New Marketing Skills
Have a specific hole that can be plugged with a new skill but don’t know how to obtain it? Give us a call and we’ll help you find the training you need 800-533-1622.
You don’t need to know everything. Remember how we talked about doing a S.W.O.T. Analysis and playing to your strengths while hiring out your weaknesses? (CLICK HERE to read more.) But if learning something new today will increase your chances of success tomorrow, then why not pick up a new skill?
Still having trouble deciding what to learn next? I challenge you to practice my 8 skills above while attending a Funding Tour. Not only are you going to pick up many new skills, pump your brain full of information, and jump start your career. Sign up today for a tour in a city near you.
For investor lending, Cogo Capital® offers quick turnaround, excellent terms, and millions to lend. Cogo Capital® serves both local and national real estate investors, real estate agents, and private money lenders in quality, multiple loans.
We look forward to funding your success!
To Your Success;
Lee A. Arnold
The Lee Arnold System of Real Estate Investing