Wednesday, June 27, 2007

How To Build Momentum In Your Real Estate Investing

Getting started is often the most difficult part when it comes to investing in real estate. If you desire to build wealth through real estate investing you must start and build momentum. This article will help you do just that.

Here’s a real exciting way to build momentum. Follow this proven 3-step method for taking action.

1. Pick one short-term goal that you’re excited about. It may be working on your real estate investing mindset. It may be reading 5 books about investing. It may be attending a seminar. It may be to buy your first property in the next 60 days. It may be to increase your net worth by $50,000 over the next 12 months. Just pick one goal.

2. Make a list of the actions you’ll need to take to reach this goal. What type of person will you need to become? What is the first step you could take? What is another step you could take? Don’t worry about perfection. Just list all of the actions you think you’ll need to take to reach your goal.

Next, write down the actions and tasks that you will commit to completing over the next 90 days. These are actions and tasks that you promise to fulfill. You are serious, right?

Commitment is key………..story of burning boats so they couldn’t go home.

3. At the end of 90 days reward yourself for what you have accomplished, analyze your progress, and adjust your goals and actions accordingly.

It is vitally important to analyze your progress along the way and make the small adjustments that may be needed. Maybe your goal has changed a bit. Maybe you need a new goal entirely. Or, maybe you need to adjust your actions to receive maximum impact.

Without adjusting your goal from time to time you may find that you’ve climbed the ladder of success alright….it’s just that it’s leaning against the wrong wall.

When the space shuttle is flying in outer space from time to time the thrusters must fire to keep it on course. Although the trajectory at lift off was perfect, minute adjustments must be made along the way. Without those tiny adjustments the shuttle could fly into disaster.

As you move toward the accomplishment of your goal, you may need to make small adjustments in your actions or tasks. Be aware of where you are at all times.

This final step is crucial. Every 90 days, evaluate your progress and make adjustments.

Do this every 90 days. That’s four times a year. If you follow this simple formula you will be light years ahead of others.
Getting started is often the most difficult part when it comes to investing in real estate. If you desire to build wealth through real estate investing you must start and build momentum. This article will help you do just that.

Here’s a real exciting way to build momentum. Follow this proven 3-step method for taking action.

1. Pick one short-term goal that you’re excited about. It may be working on your real estate investing mindset. It may be reading 5 books about investing. It may be attending a seminar. It may be to buy your first property in the next 60 days. It may be to increase your net worth by $50,000 over the next 12 months. Just pick one goal.

2. Make a list of the actions you’ll need to take to reach this goal. What type of person will you need to become? What is the first step you could take? What is another step you could take? Don’t worry about perfection. Just list all of the actions you think you’ll need to take to reach your goal.

Next, write down the actions and tasks that you will commit to completing over the next 90 days. These are actions and tasks that you promise to fulfill. You are serious, right?

Commitment is key………..story of burning boats so they couldn’t go home.

3. At the end of 90 days reward yourself for what you have accomplished, analyze your progress, and adjust your goals and actions accordingly.

It is vitally important to analyze your progress along the way and make the small adjustments that may be needed. Maybe your goal has changed a bit. Maybe you need a new goal entirely. Or, maybe you need to adjust your actions to receive maximum impact.

Without adjusting your goal from time to time you may find that you’ve climbed the ladder of success alright….it’s just that it’s leaning against the wrong wall.

When the space shuttle is flying in outer space from time to time the thrusters must fire to keep it on course. Although the trajectory at lift off was perfect, minute adjustments must be made along the way. Without those tiny adjustments the shuttle could fly into disaster.

As you move toward the accomplishment of your goal, you may need to make small adjustments in your actions or tasks. Be aware of where you are at all times.

This final step is crucial. Every 90 days, evaluate your progress and make adjustments.

Do this every 90 days. That’s four times a year. If you follow this simple formula you will be light years ahead of others.