A GOAL IS A DREAM WITH A DEADLINE – quote by NAPOLEON HILL
Looks and sounds a little ominous doesn’t it?
So far this January, we’ve chatted about creating a vision (your Mountain Peak), and goals (actionable steps aimed at growth). As real estate investors we’re keeping it positive, and keeping it real. We’ve taken inventory to see what’s in the piggy bank—what resources we have at our current start line. And we’ve learned enough to decide how we’re planning to get to our destination (drive a car, take the bus, hire an Uber, …).
As we round the corner to February, it’s time to take even more action. One of the best ways I know to “get stuff done” is to put deadlines to my goals. It’s human nature. We like to have fun, and we enjoy doing things that are familiar. But pushing ourselves out of our comfort zone requires deadlines.
The alternative is that we tend to procrastinate what is hard, frustrating, confusing or completely unknown. And then, we get no closer to our dreams.
The temptation is often to believe your excuses, “as if” they are real. “I just haven’t found the right deal.” “I’m just waiting until ….” “I don’t know … or I don’t know how to ….” Deadlines will help you power through all of this!
The fun part is this: as you reach one goal, you unlock the potential to the next one. It’s very much like a chess game, where one move can lead or block the next 5 moves. And if you’re still reading this, you’re playing to win!
So before we start throwing numbers and tactics into our Financial Freedom Friday$, we are pausing today. Join us and take a look at 3 of your goals related to real estate investing. Any 3—more for the high achievers!
What is the next most important thing you need to do to move forward? A conversation with a mortgage broker? Choosing a real estate agent? Researching which areas you most want to invest in?
Don’t over-analyze this. If you don’t have time, find a partner who does. Once you’ve chosen your top 3, set challenging but somewhat realistic timelines. Most of us will perform better with a little pressure. (Yes, Covid has lots of stresses, but you can handle a little more pressure if it gets you closer to your dreams, YOUR financial freedom).
By the way, deadlines (or timelines if you’re being more politically correct) are a key success factor for almost every aspect of your real estate investing. It’s not just about getting “lift off” as a newbie. All of your tradespeople need encouragement to meet timelines. Your paperwork has deadlines to get to the accountant, and then to get to CRA. Your tenants have deadlines to pay rent, and deadlines for move out; of course you also have deadlines related to the Landlord Tenant Act.
Napoleon Hill is one of our favourite financial advisors. He was waaay ahead of his time! As much as we love a good daydream, Covid has taught us that time and financial security are valuable! We’re deeply committed to our WHY and willing to work hard and keep deadlines. Want to join us?
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