Before I got involved with real estate, I tried various other potential moneymaking ventures. I created a company called Advanced Video Productions, and spent the first 4 weeks designing the all important‘ logo’. I might have thought that my income was totally dependent on a well designed, slick logo. I hadn’ t learned anything about time management yet.
I created another company that sold satellite systems. This was way back when satellite dishes were huge. They could have been mistaken for UFO’ s. My success? I sold 1 satellite system, period. And that one system was sold to a friend. I hadn’ t learned anything about marketing.
Another time, I got involved with a Multi Level Marketing group and ended up with a garage full of water filters. Well, it really seemed like a good idea at the time …..
Through the many successes and failures that I’ ve either experienced over the years or witnessed others experience, I’ ve identified 8 steps you can take that can put you on the fast track to wealth. These are simple, powerful steps that really work!!
They understand the power of“ The 3 Cornerstones Of Success”.
The 3 Cornerstones Of Success are like a threelegged stool. As long as there are three legs, the stool will support your weight. However, if you lose just one of those three legs, you’ ll crash to the floor. This is a perfect parallel to the three Cornerstones Of Success.
1. The 1st Cornerstone Of Success is continued education. As successful investors, we make our money buying distressed property from motivated owners. In order to do that, we must learn how to creatively solve the problems that owners have with their properties. None of us were born with this creative knowledge. We have to invest our money and our time into and techniques that you’ ve learned. This doesn’ t necessarily mean that you have to spend fifteen hours each day to work your business. It could mean that you simply discipline yourself to write that offer, or send that letter out, or talk to that owner or neighbor, or anything else that you been procrastinating about. So much of the time we’ re so close to success, but we give up just before we achieve it. Most of the time we give up because it is too scary or too painful to proceed. Anticipating an owner who says no instead of yes can be both scary and painful. Dig down as deep as you need to and find that spark of passion that you can use to generate the discipline that you need. Use it like a magic carpet to fly above the pitfalls to success.
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The 3 Cornerstones Of Success
I’ ve taken a lot of seminars and classes over the years, and I’ ve learned that personal and financial growth requires an investment. You must be willing to invest your money and your time. Then you must make a commitment to discipline yourself. What good is having a superior knowledge of creative real estate if you don’ t discipline yourself to use it? Many successful real estate investors have invested many thousands of dollars in their creative real estate education. Their libraries are bulging with books, tapes, CDs, DVDs, and any other form of media necessary to put moneymaking techniques into their heads. our education, and we have to learn the smart, moneymaking principles and techniques. Then, we use these smart, moneymaking principles and techniques as tools to creatively structure winwin deals. This is why we continue to read books, listen to tapes, and take classes. This brings us to the 2nd Cornerstone Of Success.
2. The 2nd Cornerstone Of Success is discipline. You must discipline yourself to use the smart, moneymaking principles
3. The 3rd cornerstone is productive action on a daily basis. You must continue to learn, you must discipline yourself to use what you’ ve learned, and now you must put it to work on a daily basis. It may be that the productive action of the day may only take 15 or 20 minutes. Success comes to the person who has made him / herself worthy of the success that they seek. And you make yourself worthy by following the 3 Cornerstones Of Success. Then, you’ re prepared whenever opportunity comes along.
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