Epic Real Estate Investing - EPREI 004 : How to Guarantee Your Success

Episode Date: July 2, 2011

There are no guarantees in life, that's for sure. However, performing the right activities consistently over time will produce your desired result. On this episode, Matt shares what those "right" activites are for your real estate investing and how if performed in a certain way... YOUR success will be guaranteed. Get your free real estate investing course at http://FreeRealEstateInvestingCourse.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Epic Real Estate Investing Podcast, episode four. You're about to meet a man that can show you how he took control of his life and financial future and how you can do the same. He's never been on TV. He's not a millionaire, and he does not know Donald Trump. He is a full-time real estate investor, newly discovered author, and family man. He does not report to a boss. He creates his own schedule and takes his family on a few vacations every year. He got started investing in real estate with almost no money in a really crummy credit score.

And he's going to show you exactly how he did it and how he continues to do it. You will have to work. You will have to be responsible. However, laying by the beach sipping fruity drinks is a reasonable goal without further delay. without further delay. Your guru. Sorry. Your guide to a better life through real estate investing. Matt Terrio.

Matt Terrio. Hello and greetings from the Epic Real Estate Investing podcast. This is the podcast that will show you how to create wealth through conventional and creative real estate investing so you'll have the option to realistically retire in the next 10 years or less and enjoy the good life while you're still young enough to do so. My name is Matt Terrio. author, full-time real estate investor and family man, if this is your first time listening to this show, you're going to want to do two things. One, you want to go back and listen to episode one to get the

gist of what this show is about and why we are here. Everything we discuss is going to make a whole lot more sense after you do that. And two, you're going to want to go and download the free real estate investing course, how to do deals, no money required. You can get that at free real estate investing course.com. It's a step-by-step course of which I reveal everything that I do, everything that I say, everything that I use, including the documents and contracts, to invest in real estate using no money or credit. And that's yours for free at free real estate investing course.com. So, did you do your homework? If not, go back and listen to episode three, please. You've made a commitment to move at the speed of instruction. If you have done your homework, though, you're ready for

what's next. If you didn't know, we live in a world today where there's more information available than there has ever been. And there's actually more technology to deliver that information than there has ever been. Meaning, information is readily available to whom ever wants it. Yet people are still looking for the answer to higher achievement, whether it's getting in shape, or whether it's financial freedom, or the perfect relationship, or how to successfully invest in real estate. This presents an issue. An epiphany for some people, you see, contrary to popular belief, knowledge is not power. It is potential power. Information it must be delivered in the right environment with the correct associations for it to be effective. Action, it must be taken for it to be truly powerful. Knowledge without

action only represents potential, not results, not power. Now that's obvious for most, right? We covered that last episode. Knowledge must be backed by action. for the power of the knowledge to manifest. But it must be backed by the right action of which must be encompassed in a philosophy. And that philosophy is comparable to the same philosophy that results in somebody working to improve their health or get in shape or lose some weight.

And here's what I mean. If you were to start your get-healthy plan today, you decided you're going to lose some weight. And you're going to do that by spending 30 minutes on the treadmill every day. Now, would you expect to be healthier or lose any weight after the first, 30 minutes after just the first day of course not would you expect to be

healthier after a week of consistently hitting the treadmill 30 minutes a day probably not at least not of any significance with this example though you are completely aware that it will take this consistent action over time to produce a healthier you for you to actually start dropping weight of any significance you will have to do the right activity getting on the treadmill 30 minutes a day and you'll have to do it consistently, like four to six days a week, and you'll have to do it long enough, for at least a month before you'd get any noticeable results,

likely two to three months to reach any sort of satisfaction. And depending on from where you're starting and how healthy you want to become, or how much weight you want to lose, it could take six months to a year to hit your healthy goal. Conversely, the same is true. If you missed a day on the treadmill, would you expect to be less healthy in a day?

will you have put back on the 10 pounds you lost over the last four weeks? I mean, by missing the treadmill just one day, would you gain all of that weight back? Again, no, of course not. You see, as the decision to get on the treadmill every day will produce a healthier you over time, the decision not to get on the treadmill every day will produce a less healthier you,

but it's over time that either scenario's results will happen. Another way to put it is, you'll have to plant your seeds in order to re-react. the harvest. Again, I know that's obvious, but what's not so obvious to most is there's a germination and a cultivation process that has to take place. It takes time. You have to plant the seeds. You have to fertilize the seeds. You have to water the seeds. And you can do this every single day like clockwork. And you'll still have to wait for the seeds to germinate and grow. It takes time. Real estate investing is just like that. Creating wealth in any field or any industry is

just like that. There are no exceptions. And if you searched high and low and you're actually able to find an instance of which this wasn't true, winning the lottery is excluded, by the way. But if you're able to find one instance of which this wasn't true, it would be an exception. And the exception would only prove the rule. So don't waste your time trying to find exceptions. Creating wealth takes time. Generating a consistent profit through real estate investing takes time. Now, I realize I'm taking a big risk in revealing this because nobody wants to purchase, let alone spend their time listening to a free podcast promoting a get-rich slow-over-time program. Although the word slow, it's a relative term, as we've discussed on episode one, your options, the alternatives, they're much slower, seven-time slower, in fact. But what I mean is, just look at the billions of dollars spent every year on the get-rich, quick, and easy programs.

Perhaps you've purchased one, or two, or three. If so, how did that work? I suppose the fact that you're listening to me right now is answer enough. Don't sweat it, though. I've been there and done that too. You're not alone. If they worked, we'd have a society of rich people, wouldn't we? But we don't have a society of rich people, do we?

As we discussed in episode one, 95% of Americans reached the age of 65, either dead or dead, broke. It's unfortunate because it actually is easy to get rich. They don't know how. they're being led down the wrong path. It is actually easy to get rich, but there really is nothing quick about it. And although it's easy to do the activities that will get you rich, the trap, the underestimated and tragically,

more frequently overlooked trap, it's easy not to do them too. And here's what I mean. It's easy to get on the treadmill for 30 minutes. And it's also easy not to. it's easy not to particularly when you rationalize within yourself that it's just one day and what is one day of skipping the treadmill what is that going to hurt whether you get on that treadmill today or not nothing is going to happen in the moment so it's easy to believe your

decision today to run or not to run is insignificant but don't be fooled your decision is significant it's the little simple decisions the simple little disson disciplines carried out over time that produce a compounding effect of which results in success. Here's your philosophy. Every decision matters. Either your decisions, they're compounding up or they're compounding down. That's the philosophy of which I was speaking that's going to have to back your actions that will produce your success. And it's that philosophy that is literally the secret to success, not just real estate investing success.

but any success. And this power, it's always working. Every decision you make, including the very next decision you make as you're listening to me is either compounding up or it's compounding down. It's always working.

Every single decision you make matters. And that's what I meant when I said it's one thing to decide to be a millionaire real estate investor today. It's another thing entirely to get up every day and make the decision again. And then throughout the day,

day to make those small decisions to do the right activities, a la getting on the treadmill that will get you there. Our decisions are either working for us or they're working against us. The good news is you actually get to choose which way it'll go. You get to choose how it's going to end up. So why not choose success? I mean, if it's just as easy to get on the treadmill, then it is to decide not to get on the treadmill.

Choose to get on it. You see, we're going to master the daily disciplines that produce a successful millionaire real estate investor, and it works just like our treadmill metaphor. It may be a little unfamiliar at first or even uncomfortable, but those who choose discomfort first end up comfortable. Conversely, the opposite is true. Those who choose a life of comfort first will undoubtedly end up uncomfortable. I mean, that's what most people do, and that's not my opinion. That's what the statistics reveal. That's the exact path that 95% of Americans are taking. Because they choose a life of comfort first, they're hitting age 65 uncomfortable. Isn't that a shame? What if you were taught

this philosophy, the philosophy that every decision matters? What if you were taught this philosophy your senior year in high school? Would your life have turned out a little differently? I know mine would have. But I know now because I know, and more importantly because I apply my knowledge, my education, backed by this philosophy, my success is guaranteed. And if I ignore it, if I ignore that philosophy, I know success is fleeting. It will never be mine. So, you're going to have to get out of your comfort zone. You are going to have to get on that treadmill every day, especially in the beginning. Okay, so enough metaphorically speaking. What are the activities inside of real estate investing that will produce a financially free you? The activities over time that will

guarantee your success. All right, you're going to have to review your goals on a daily basis. You must stay in touch with why you want to be a millionaire real estate investor. You must commit to daily self-training. And whether that's real estate education or personal development, you must do it daily. Remember, it's easy to review your goals. It's easy to read a chapter from your favorite personal development book. But it's also easy not to.

And your decisions, they're always compounding up or they are compounding down. You will, especially in the beginning, have to do some direct mail. You'll have to do some advertising. You're going to have to start generating leads. You're going to have to contact people, whether that's dialing the phone,

knocking on doors, attending networking or real estate investor groups, and you will have to set some appointments with the people you meet. You will actually have to show up and attend those appointments as well. I know it sounds obvious, but you'd be surprised. You'll have to analyze deals. You'll have to analyze property. You'll have to write and present offers. You'll have to get your offers accepted.

Again, another obvious one, but you'd be surprised. you'll have to open escrow, you'll have to close escrow, and you'll have to do it all over again until you reach your number. That's why knowing your number is so important, so you know when to stop, or at the very least, slow down. So you can start tending to your vacationing, you can start tending to your jet skis and your fruity drinks. I know this is hard to follow on a podcast.

If you're in a position to, you're probably scribbling notes as fast as you can. No worries, though. If you haven't done so already, go and get access to the free real estate investing course that I mentioned at the top of the show, the course you can find at free real estate investing course.com, of which you'll see a list of all the right activities.

The right activities performed consistently over time that are going to guarantee your success. And you'll also see a video of how I track my consistency and how my success is guaranteed, how I always know that my success is guaranteed, how I know that I'm on the right track. And I've got to tell you, When you know and understand how your success is guaranteed, life isn't so stressful.

You come home at the end of the day a little bit more relaxed. And at the very, very least, you sleep a whole lot better. You see, the activities that I mentioned, those activities compounded over time, they guarantee my success. And they will guarantee your success too. I mean, if we both get on that treadmill every day, are we not both going to become healthier? Is there any chance that I get healthy and lose weight and you don't? Of course not. We're both going to get healthier.

We're both going to lose that weight. The same activities performed in a certain way over time will produce the same result. And it's because of this philosophy, the philosophy that every decision matters, the small daily disciplines compounding over time, it's because of that that your success is guaranteed. I hope this is making sense to you. I mean, for additional reading on this philosophy of success, if I haven't done a great job at explaining it, I recommend reading The Slight Edge by Jeff Olson or the Compound Effect by Darren Hardy.

They're both essentially the same book. You'll get the gist from both of those. But they're that important. And if I haven't connected with you, just know that this is so important that you need to connect with it. So maybe that information from another source will work better for you. And I'll put links to these in the show notes. And not only are these two books in this philosophy, the perfect companion. books for this real estate investing course.

They're the perfect companion books for any field or any industry of which you are striving for higher achievement. It's that important. It applies everywhere. It's universal. Okay, so the foundation is laid. If you've got your number, meaning you know what you want and why you want it, and you understand how every decision you make is either compounding up or compounding down,

we're ready to move forward and start doing some deals. do yourself a favor though sit with what we've gone over up to this point really let it sink in i mean it's that important to your success do that and i'll see you next episode where we'll get to the how-toes of finding deals i mean when it comes to lead generation the quality is in the quantity and i'll show you how i've become a lead generation machine and as always how you can too i know i know this is the stuff that you've been waiting for but please don't underestimate what we've gone over up to this point. We've covered the most significant and impactful topics to you being a successful millionaire real estate investor. The most significant and impactful topics that there are.

If you understand that, the rest is easy. So, until next time, and as a very wise man once said, the only difference between you and the man that has what you want is the size of his dream and time. To your success, I am Matt Terrio, live in the dream. Thank you for spending this time with Matt Terrio and the epic real estate investing podcast. When you have a moment, stop by iTunes to leave your comments and let us know what you think of the show. And if you haven't done so already, get started investing today by visiting free real estate investing course.com. To access Matt's free course, how to do deals, no money required. Until next time.

To your success. success. This podcast is a part of the C-suite radio network. For more top business podcasts, visit c-sweetradio.com.