Would You Rather? [Real Estate Version]
There are a lot of choices in life and business. We don’t always frame them right. That can lead to a lot of lost opportunity and self-sabotage. If you’re in the real estate industry, or have been dancing with the idea of getting started in real estate investing, it’s worth asking these questions.
Would You Rather Spend a Lifetime Working for Someone Else or Take a Chance on Freedom?
Some people see making the leap into real estate investing or a career as an independent real estate pro as a risk. Others recognize how unreliable working for someone else is. How unsafe it is to bet your life on another boss.
Ironically, if you still haven’t made the leap, you’ll probably find it hard to find anyone who has tried working for themselves who would ever consider going back to a salaried job. Meanwhile, it’s a lot harder to find anyone who loves their job working for another company. Try asking around.
After all, what’s the worst that could happen if it doesn’t work out? You’ll probably be just right back where you are.
Would You Rather Settle for a Mediocre Real Estate Career or Hit Your Full Potential?
There are a lot of house flippers and other investors and agents who are doing very well, just by doing a few deals a year. Just one house every three months (4 a year) can deliver an income far beyond the average salary.
You might have more freedom, money, prestige and nice things, but is that it?
There are others doing 10 or 20 wholesale house deals or sales every month! It’s not about competing. It’s about knowing you are living to your full potential. Having no regrets.
Would You Rather Get Rich Fast for 15 Minutes or Enjoy a Wealthy Legacy
As a lot of people are about to find out when the market changes again, there is a huge difference between getting and staying rich. Get into real estate and you might blaze through your 5 year goals in a year, and achieve more than you ever thought possible. Though, if you’ve just taken a lot of high risk and questionable short cuts, it may not last long.
They only thing worse than tasting that success is losing it all. The bigger you are, the more it hurts when you fall. Ask the billion dollar real estate agents and investors who ended up in line begging for a minimum wage job at McDonalds in 2008. Most of whom couldn’t even get hired there.
Do go big. Do go fast. Just make sure you have a plan and are doing it sustainably. Then it can last a lifetime and longer.
Would You Rather Be Making Great Money & Be Working Like Crazy or Have Time Freedom?
Once in real estate you can quickly lose sight of your original dream of having more free time. Making more money is great. Though you can be really busy and be making a lot less than others who are simply working more efficiently and productively.
Don’t be stuck working crazy hours, nights and weekends. If you’re well organized you should be able to enjoy a 4 day work week and set your own schedule and vacations. Make sure you are using all the tools and help at your disposal.
