In your Real Estate business or your life in general, there is one thing I can guarantee: Sometimes, things are going to be tough. And, without a shadow of a doubt, I’ve had several realizations after experiencing a bumpy road in my life.
Some of you have heard my first flip story before. But for those of you that don’t know–YES, I lost money on my first flip deal. Ouch!
Yes, I experienced pain during that time–both financial and emotional. But it was then followed by the lessons I’ve learned from my decisions. When I improved on it, I got results.
How did I do it?
After I stopped whining and crying about my financial loss, I realized that if I were to try to flip again and use all of the lessons I learned from my first deal, I may actually be able to have some success.
So what happened when I faced my fear and did flip #2 a few months later?
I signed a contract on a new deal and ended up flipping this house and made over $65,000 in just two months, from start to finish.
A few takeaways from my second flip experience:
- I wouldn’t have had successful results if I had not applied all the lessons I learned from my first bad deal.
- Unfortunately, you can’t learn some things by just reading a book. Personal experience can be a great teacher.
- The money I made in my second flip was more than what I made while working in my previous job the year before. LOL.
But, the purpose of my message today is to motivate you to embrace the challenges and struggles you’re having in your life and business. Instead of wallowing in them, look for the lessons to be learned while you’re going through these hard times so you can improve your results in the future.
What’s the trick in doing so?
Recognize immediately when you’re complaining, whining, and crying–I call this phase “drifting.” Once you do that, focus on how to improve your situation right away and evaluate how to prevent this from happening again in the future.
The sooner you can “recognize the drift,” you have to shift your focus back to learning the lessons that are important to you. The sooner you do this, you will be able to create results in your life.
Again, a quick rundown of my pointers:
Creating results in our life and business
You’re often required to go through your pain and challenges in order to truly grow and learn important lessons in improving your life and work.
Is This Your Problem?
I understand if you’re afraid to face challenges and situations where you experience pain and loss. Believe me, I’ve been there. For example, a lot of people ask me, “Weren’t you afraid to leave your job and become a full-time real estate investor?”
My answer is always this: “Yes, I was a little nervous. But I was more afraid of living the life I was currently living, stuck at a job I disliked, and knowing in my heart I was called to do something else and do more with my life.”
Unfortunately, many of you think that you can grow without experiencing any kind of hurt. I get it, that’s what I used to think as well–until I changed my mindset. When I acknowledged that I was hurting and learned from it, life became much, much easier.
So here is my question for you: What situation are you avoiding in your life or your Real Estate Business? Name one that you know you’ll grow and learn from if you just face it head on.
I would love to hear your response to this question. As always, my friend, I appreciate your feedback–let me know your thoughts and feelings. Email me, send a message to my social media accounts, or comment on my blogs. I’d love to hear where you guys are at and the progress you’ve made in your life so far.
Even though I know that I may not respond to all of you, I guarantee that I do read all of your responses, and they mean the world to me.
Real Life. Real Estate.
All the best,