Most large investors start part time and isn’t that kind of surprising? What’s more surprising is that after many of them make it big, they often stay working part time. After all, nobody plans to work more when you don’t have to or you don’t need to, right? After all, people become financially free to have the time to do what they really want, right?
So can you get into real estate investing with a day job?
Here’s the big secret: That’s how most people start out at it. Hey you need to feed your family and you need to eat, right? You can pursue better opportunities while your full time job pays the necessary bills. Since, for now, you’re probably not capable of sustaining the possibility of not earning a large pay check right away, investing in real estate while working part is the only way to go. if you spend your part time efforts to learning bettering yourself, no matter what you do during the day, your success is inevitable.
Who is really wealthy?
I know it may sound like a silly question but most people see their upper middle class friends with a big house, two or three cars and they think are “wealthy” or “rich.” The truth is that most upper middle class individuals are the same 2 or 3 pay checks away from being completely broke that most of the poorer people are.
Here’s a simple litmus test to determine who is actually financially free. Ask yourself if they bought their “stuff” on credit? They’re not much further along the path of freedom and wealth if the answer is an emphatic “yes”. They don’t honestly own their possessions because that distinction belongs to the bank. Tell them to skip a couple of payments if you don’t believe what I’m saying. You just can’t achieve freedom in this lifetimeIf from buying expensive stuff on credit to project outward success to those you want to impress.
Here’s a simple way to get ahead faster. Take whatever extra money you have and learn to invest in assets that make money. As those assets produce money, use them to purchase more assets. In due time, your situation will change. You will have enough assets to buy whatever you want and do whatever you want. There’s something more valuable than expensive stuff. Do you know what that is? It’s the real freedom to do what you want when you want because your bank account grows without your involvement. Buy the big house and car after you have enough income producing passive assets to life off of.
If you don’t know yet how to intelligently invest in anything right now, don’t worry. Most people don’t. You’re fully capable of learning how. Do you know how many times you have to learn all this get wealthy? Once. In fact, there’s nothing you have to buy in the beginning. Do you know where you can learn how for free? Your local library has a ton of how to books on every subject that you’ll need to know from investing, to raising capital to marketing. The library was the only thing that fit my budget when I started and I still swear by it today.
Automatic Real Estate Investing – Take the smart way out
Treat real estate like a business. You don’t slack off at your full time job, don’t slack off investing either. If you don’t treat real estate like a business, you’re sure to not succeed. After you obtain the knowledge from a course you’re probably going to leave with some know how and techniques. You’re also going to leave with a whole lot of hype and enthusiasm. Your emotional “high” will eventually run out. What will happen to you then? Your real business test will begin during that period. That period of time will show you if you’re really committed to sustaining a profitable living in real estate investing. Make the decision in advance to stick with it through this before it actually happens.
I couldn’t avoid the overused cliché. “Begin with the end in mind.” There are only really two reasons people fail in real estate investing. Lots of part time investors aren’t fortunate enough to ever waive bye bye to the bossman and become full time investors. Do you know why this is true? Do you know why they don’t retire early and retire rich?
1) They don’t get enough qualified leads from their business.
It’s not usually that most newbie investors lack the capacity to understand the techniques. The biggest issue is that they don’t have enough qualified leads to regularly use their creative techniques with. Do you know what makes all the difference? I’ll tell you what is the key to every business. Marketing is 90% the core component of every business. My marketing is truly incredible, do you know why? Business finds me whether I look for it or not. My phone rings off the hook with quality leads. In all honesty, I have lazy days where I don’t even call them back because I just don’t need the business. It’s really unfortunate but it’s also true.
Focus your efforts on marketing to attract the right types of clients easily and naturally and do you what will happen for you? Cha-ching. When you don’t have to look for new business, you’ll make more money while simultaneously actually working less. So if you’re reading this and you decide that real estate investing isn’t for you, you’re still going to have to master marketing. The good news is that the skills are transferable so I still suggest that you learn them.
Think about this. Who do you know that swears from top to bottom that McDonald’s makes the best burger? Who do you know that has a better marketing system of hamburgers? They have served over 99+ billion customers. Do you think it’s because they have a fast food burger or a state of the art marketing machine? Hmmm…
Treat marketing for leads like the fundamental part of your business and you’ll make the great leap from “part time investor” to “full time work when I want to.” Don’t do it and you can look forward to more of the bossman. That’s just how life goes.
2) They have the techniques, they just don’t use it
If you don’t get off your ass and do something, you leave it to the world to make plans for you. They’ve got some pretty detailed plans for your life. Do you know what they are? Nothing. You pay someone else to do your push ups for you and you’re not going to be successful without doing any proverbial push ups in business. Do you have a 90 to 180 day plan to leave the full time job? Make it as detailed as possible. You’ll need to know just how much money is “enough” to move on. If you’re committed enough to achieving your goal then you’ll find a way. Take the time to write it down your goals so you’ll program your subconcious mind with something pyschologists refer to as “major definite purpose.” Your mind will begin figuring out how to get there. If you’re not interested in being your own boss that quickly, that’s alright too. It’s all about what you want for yourself in life. The true measure of “success” and how to obtain it is really at your discretion. What you should at least do is take your time and gather more knowledge that will only help you create a better future. You’ll earn more money whether investing or at a job from the extra skills you’ve taken the initiative to learn on your own.
Do you know causes both of these issues?
It’s only the fear of failure that holds all of us back. Think about this for a second. If you could be completely assured that you’d consistently make big time profits then you’d probably see as many clients as possible. To sign the deals you’d probably boot their doors down. The fear that you can’t achieve that holds you back. Just picture it for a second. If you were given a guaranteed list of people to see that were all guaranteed high paying deals but you only half a day before that list expired, how many people could you make time for? If the answer is “a whole lot,” then you get my drift.
Take ownership of your fears and you be amused by them
It’s necessary to grasp that what’s stopping you isn’t even the negative outcome itself. So what are you actually afraid of? The fear of the negative outcome is all that you’re afraid of. You’re actually more afraid of the anticipation of the negative outcome then it actually happening in reality. You’ve probably had all kinds of negative outcomes in your life. There have been years and years of teachers who have put a red “x” on the wrong answer of your tests. But you probably didn’t get all that worked up about it, did you? By fearing imagined realites, you’re making yourself feel much worse. Understand this much about your fears.
Nothing has actually happened in reality yet.
The only place your fear of a negative outcome actually exists is in your own head. Nothing has happened in the real world yet and no teacher has given you the dreaded “x”. Pretend that you want to ask out that member of the opposite sex. Imagine you’re really attracted to them but you’re seriously afraid they’ll say no. What are most people in the same circumstances going to do? They let this anticipation control their mind and they just don’t ever ask. In reality, has the person actually said no? Even if they gave you the dreaded teacher’s “x,” you could probably handle it anyways. Own your fear by realizing it is not anything to do with the other person that you fear. In reality, what you fear doesn’t actually exist yet because you are being consumed merely with the anticipation of a negative outcome. You have full control over your imagination and you can easily learn to anticipate successes in life. You’ll easily attract favorable outcomes when your mind is properly configured to accept success. If you were sure your financial success was there for the taking, you’d make sure to both generate that lead and then you’d make sure to close them. The profound reality is that all you have ever been afraid of only exists in your own imagination. Just how strange is that?
A Funny Story – Do you hate your job as much as my friend?
I couldn’t make this story up if I tried. This is a true story that still gives me a giggle. Tom and I have since become good friends but we first met at the local real estate investors club. Tom was already a successful investor by the time we had met. As we got to know each other more, he told me this story from only about 2 years back when he first began. He earned a computer science degree from University which he had used to spend 6 months at a related job. He started hated his job quickly like a lot of people do. Just out of curiosity, do you hate your job that much yet? Well let me tell you that he sure did.
In his spare time, Tom had invested $5000 in one of the real estate guru’s weekend seminars. From there, he wanted to invest in real estate but the course was totally incomplete. Let’s call the course an “R. Allen” course. No wait that’s too obvious. Let’s call it a “Robert A.” course. The course wasn’t actually all that useful but it gave him his first taste in investing which was part of the spark that propelled him. He recognized the unparalleled opportunities in real estate.
The problem was simply that like everyone else, he needed his job’s pay check. Do you feel like Tom sometimes? I know that when I started out, I sure did. You just can’t get any trickier than this next part of the story. Tom stayed up all on a Sunday drinking coffee after coffee. He didn’t go to sleep that night. He paid his doctor a visit the following morning. His health was being completely ruined, or at least that’s what he told his doctor. The doctor measured his vitals and looked at his bloodshot eyes for all of 5 minutes and decided he was obviously “too stressed” to work at his job. He granted him six month’s paid stress leave. Now isn’t that something else?!
Tom read some more books and pulled off his first deal about 2 weeks later. Just how is he doing now? Tom now has purchased over $2.5 million in equity in over 100 properties and he enjoys over $15,000/month in positive cash flow every month. He used the opportunity to move from job to no job and he’s fortunate enough to travel from 6 to 9 months annually. With a focused mind, it won’t actually take a long time. Tom has done all this in less than five years.
So, what’s the moral of the story here? I’m not saying that you should cheat the system like Tom did. Just make sure you know how you’re going to move on from the J.O.B. You need to know the steps involved and how much cash flow you need so that in 6 month’s time you’ll be where you want to be.
Find a way to work real estate investing in combination with a full time job is really the only way to get started. If your full time job sucks, don’t sweat it. It will be less difficult than you are expecting if you are sure of where you want to go in life.
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