What I'm about to reveal to you might surprise and even shock you (and it could offend you, too). What I'm about to share with you is going to help you in your real estate investing business but it is going to help you in other areas of your life as well. It also has the potential help you make you a lot of money, improve your relationships, and completely change your life.
What I'm about to tell you has changed my life...
A well-known phrase and what it means to you
I'm sure you've heard of the term "time is money". As you know, it means that we only have 24 hours in a day and that time is valuable to us… as valuable as money. And since we all work (as investors, entrepreneurs, Deal Makers, or even at your 9-5 job) we spend some of our time to make money.
So far so good. I haven't revealed the shocking part yet. But keep reading because it's coming up...
Your time is precious
Time is scarce... it's there and then it's gone and we can never get it back. If we live to the ripe old age of 75, we'll have been granted 657,000 hours in life but with each ticking of the second hand, that time slips away. So it's important that we make the most of what we have.
And, since you're reading this blog and learning to become a real estate investor, I can assume that you want to make more money by spending less time working. (In other words, you want to increase the money-value of your time). That will give you the time to do other things – maybe spend time with your loved ones or travel or lay on a beach.
Now here's the part that might offend you...
There are people in your life that don't agree with how you value your time. Oh sure, they'll never come out and say: "Hey, DM, I don’t think you're using your time very well." But they don’t value your time at all. (In fact, they might not even realize how little they value your time).
Instead, they'll pop in for a visit or they'll call you on the phone to chat or they'll ask for your help or they'll send you long emails. In other words, they will use up your time. I call these people…
Time vampires suck the time out of your day
Time vampires are people who suck the time out of your day.
Maybe they'll call you up and ask you for a lot of details about a deal you're doing, and while they have you on the phone they tell you their life's story. Or maybe they'll ask for you to drive across town to meet them at a coffee shop where they will decide if they are going to invest in your deal or not. Or maybe they send you insanely long emails filled with trivial detail. Or maybe it's a friend who stops by your office to chat and stays for a couple of hours because you don’t appear to be busy.
All of these activities might sound good at first glance – it seems like you're connecting with people who can build your real estate business or you're spending time with friends, which is always nice to do. But when you drill down deeper, you soon realize that these time vampires are taking valuable time away from you and your business.
They might be well-meaning people but they value their own time differently and they are dragging you into their "slow-moving time zone".
Well guess what: These time vampires are costing you money. That's right, they are STEALING cash right out of your pocket (whether you realize it or not). And if you're not careful, they can completely ruin your real estate investing business (even before you do your first deal!!!)
Come back tomorrow and I'll talk about how they are stealing from you and what you can do it about. (Plus, I'll cover a few objections you might have if I've offended you with my bluntness).
Your time-sensitive :) friend and mentor,
Mark Evans DM, DN