Why You Must Write Down Your Goals
Group Home Riches Practical Tip
As those of Group Home Riches members know, I am a true believer in writing down your goals.
EVERY. F*******. DAY.
I remember driving 3 hours to a sales call back in 2002 in the wee hours of the morning from Austin TX to Dallas. Now its probably closer to 4.5 due to the growth and traffic.
A real estate colleague had given my some Brian Tracy CD’s (remember CD’s??) and I listened to them all the way up IH 35 in pitch black as huge 18 wheelers nearly blew me off the highway.
THOSE TAPES SET ME ON THE RIGHT PATH. TEACHING ME HOW TO WRITE DOWN MY GOALS LIKE A HOMING PIGEON.
The goals didn’t become reality overnight. In fact, one of my goals was $4,000 per month in passive income through real estate within a year. (Good F’n luck).
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But I was young, naive and PERSISTENT.
I kept writing my goals down every single day.
Quite frankly, most people would have given up. “This stuff doesn’t work”.
Dudes and Dudettes – Things are not supposed to happen immediately in life. This is tough to understand as a young person. But I had faith and vision and I kept pushing forward.
This faith and vision allowed me to push forward but also propelled me into other endeavors that could get me there faster. Knowledge was the main one.
Unfortunately, I never had a mentor or a coach. I had mentors from books, tapes and CD’s, but I never had a direct mentor that could have fast-forwarded my success.
Looking back, I wish someone had told me this:
“You want $4,000 per month passive from real estate? Then you need about $872,727 of cash or legitimate equity.”
I would have then asked them to explain further and they would have given me a simple equation:
$4k per month = $48,000 per year. Divide this by a yield (cap rate/interest rate of 5.5%) and that equates to $872,727.
BUT NOBODY EVER TOLD ME THIS
Thank goodness I stumbled across my first real passive cashflow stream. GROUP HOMES AND CARE HOMES.
I was lucky because I already had been acquiring real estate so it was easy to turn them over into GROUP HOMES.
Within 2 months, I had hit that $4,000 per month number. Then I perfected a system and cookie-cuttered it one after another. Each group home generates about $60,000- $75,000 per year in gross rents. The margins are HUGE. We joke that they are Pablo Escobar margins.
The point is that none of this would have happened without me writing down my goals on a daily basis.
I have been doing this for well over 20 years. I started doing it the Brian Tracy way in 2002 and I can tell you it works.
JUST DO IT.
What are your goals?
If you are serious about achieving them, WRITE THEM DOWN EVERY DAY! First thing in the morning and right before you go to bed at night and let your subconscious mind work on them while you sleep.
This is a secret to success that all the top performers do yet nobody wants to really talk about. It seems hokey. Don’t think that having them in your head is all you need. You must WRITE THEM DOWN!
DON’T BE A DOG THAT DOESN’T HUNT! MOTIVATION WILL GET YOU STARTED, BUT HABITS KEEP YOU GOING.
MAKE THIS A DAILY HABIT.
YESTERDAYS DREAM ARE TODAY’S REALITIES.
TODAY’S GOALS AND DREAMS ARE TOMORROW’S REALITIES.
