Get Real about Success
You can have a scaled-back organization and intense focus and do more business than larger companies.
In business, you have to accelerate the splat; in other words, act on the things that make a difference.
When you’re starting out, the most valuable thing you can have is a mentor.
Never stop learning; continue to attend (and pay for) seminars and learn how others do it.
Shaun McCloskey is the guest. He provides a pared-down version of his life vision/life plan training. Acting on this information truly can change your life as Ron can attest. Write your vision; then fine-tune it. Be honest with yourself about the full 4-step process and how it fits your life and your business. Understand that the 1st step is the most important and deserves your full attention.
Shaun McCloskey is Ron and Angela’s guest and he Gets Real about having a life vision and a life plan. He coaches business owners on creating and sticking with their vision. He’d seen too many people burn out running a business that was really running them… too much divorce and too much unhappiness. This is important.
Corey Peterson is an immensely successful investor in apartments and has managed and acquired over $95 million in real estate across the country. Corey is regularly interviewed by business journalists; he’s spoken at Harvard and at NASDAQ and is a best-selling author. Hear how Corey got started in the business and what some of his methods are. He’s a big private money user, an educator, and an all-around great guy.
Todd Toback is a sales star and an ace wholesaler and he’s big on hiring people for your business… even if you think you’re not ready to. He recommends cutting marketing if cost is the issue. Todd also recommends that you be crystal clear with everyone you hire about what your expectations are, and gives you a format to use to accomplish that.
Ron and Angela get real about managing your financial assets for cash flow. Their guest, Chris Miles, is the self-named anti-financial advisor because he never advises clients to buy additional mutual funds because the return would never replace current income. Chris makes sure that his client’s money is used to its best purpose. He’s a good friend and good source of referrals to RP Capital.
Ron and Angela get real about what you should do now if you have substantial equity in a property. You must take action. Pay down mortgage(s), buy additional investment property or a new personal home. Just do something. If you do nothing, you lose the gift the market’s given you when the market goes down as it’s expected to, and you’ll wait years for it to come back.
What happens when you gain financial freedom and no longer need to work? What will you do that keeps you motivated? Ron and Angela believe it’s important to write up a plan of what your non-working life will look like. A plan keeps you from flailing and being lonely at the beginning of this new phase of your life. It’s time to get real about what financial freedom really looks like.
We are getting real about whether it’s true that if you follow your passion, you’ll never really work a day in your life. People say this regularly, but is it true for all successful people? Both Angela and Ron admit real estate investing is not their passion… but they love doing it and love that it gives them the financial latitude to follow their true passions.
Ron and Angela get real about an antitrust lawsuit that’s been filed against the National Association of Realtors, the MLS and several large real estate firms. The suit is meant to dismantle the real estate broker system as it currently exists. It will also protect sellers from being required to pay the buyer-side commission. Leave your comments about this at Get Real Estate Success.com.
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