Business Management

You’re Just One Relationship Away from “10X-ing” Your Goals

Expertise: Business Management, Commercial Real Estate, Landlording & Rental Properties, Real Estate Deal Analysis & Advice, Mortgages & Creative Financing, Personal Development, Real Estate Investing Basics
126 Articles Written
10x-your-goals

We’re all just one relationship away from reaching the next level.

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I define the next level as “10x-ing” your current goals. If you’re flipping one house right now, that next level might be flipping ten. If you’re making $1,000 per month in passive rental income, that next level might be $10,000 per month. If you have a $100,000 business today, your next level might be a million-dollar business.

But you might not even be thinking about 10x-ing your business. You might just be thinking how to grow what you’re currently doing by 20% in the next year.

Slow but methodical growth.

Better than none.

The problem is that this kind of “small thinking” is holding you back from achieving your full potential.

Beginning to 10x your current goals starts with your mindset. You begin to visualize what it could look like. Then you believe.

set-goals

All it Takes is One Person to Climb to the Next Level

If you’ve read any of my other articles before, you know that I like to give you actionable stuff to do. So I want to give you a HUGE tip to help you see how it’s possible to 10x your goals, something I just realized recently and have not even mastered myself.

Related: Those With Goals Are 10x More Likely to Succeed: Here Are 15 Tips to Set Yours for 2016

But I will. This year.

That tip is to seek out the one person who will help you achieve that next level. In order to find that person, you need to put your goals into the universe and begin networking.

That’s right. You’ll need to leave the house every once in a while and speak to people.

And when you do speak with people, share your dream with them. Tell them what you want to achieve. Describe the kind of person you’re looking for who will help you achieve that next level.

From a $2M Goal to a $7M Goal

I had lunch with someone who was introduced to me by someone from the Uganda non-profit I’m part of. Let’s call him Sam. It turns out Sam was in the process of shutting down a $10M fund he created a decade ago from largely foreign investors. He wasn’t sure what he was going to do next, but he was interested in finding out what I was doing with apartment building syndications.

My current goal with regard to multi-family investing is to do a deal in the $2M-$4M range. I would consider a $5M deal at the very edge of my comfort zone (even though I’m working to change that).

Sam felt those kind of deals would be a bit on the small size if he got involved. He would much prefer doing $7M-$10M deals if he’s going to go through the trouble of raising money.

WOW. Another person considers my HUGE deal too small.

Really?

And immediately my mindset shifts. Now I’m thinking, “Shoot, maybe I am thinking too small.” If Sam would partner with me, I would immediately STOP looking for deals I considered HUGE just a moment ago.

Why the sudden shift?

It’s only because I met another person who shifted my current reality.

revamp_goals_midyear

Are You Thinking Big Enough?

I kind of met Sam by accident. Why not start looking for someone like a Sam more proactively and intentionally? Why not visualize the kind of person who can help you 10x your goals and put the word out? Wouldn’t it be logical that eventually you will meet that kind of person?

Related: BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

I interviewed Michael Becker on a podcast last year, and his story was amazing. He went from zero to 1,000 multi-family units in one year. How was this possible?

It was possible because he met a high-net worth individual at a conference he went to, they hit it off and ended up partnering. Michael was going to do all the work, and his partner was going to supply him with as much money as he needed. They would look at nothing less than 100 units.

This one person shifted Michael’s reality.

I’m going to try to be more intentional about finding that ONE person who can help me achieve that next level.

For example, this year, I want to interview Robert Kiyosaki on my podcast.

There, I said it — it’s now in the universe.

(BTW, if you have any kind of access to Robert, please let me know.) 🙂

What are your current goals? What would it look like if you 10x-ed those goals?

Describe the person who could help you get there.

Michael Blank is a leading authority on apartment building investing in the United States. He’s passionate about helping others become financially free in 3-5 years by investing in apartment building deals with a special focus on raising money. Through his investment company, he controls over $30MM in performing multifamily assets all over the United States and has raised over $8MM. In addition to his own investing activities, he’s helped students purchase over 2,000 units valued at over $87MM. He’s the author of the best-selling book Financial Freedom With Real Estate Investing and the host of the popular Apartment Building Investing podcast Apartment Building Investing podcast.

    David Roberts from Brownstown, Michigan
    Replied almost 4 years ago
    Listening to Grant Cardone I see. That guy lit a fire under me as well.
    Jessie Niu from Columbus, Ohio
    Replied almost 4 years ago
    Great perspective, got me thinking….. Thanks!
    Deanna Opgenort rental_property_investor from San Diego, CA
    Replied almost 4 years ago
    Kiyosaki isn’t even guaranteed to speak at his own branded seminars, but if you really want to interview Robert Kiyosaki does it need to be on “your” podcast? Since you are asking the “Rich Dad, Poor Dad” franchise to share their “Big Fish” you may have to offer yours (Brandon?). You may also have to settle for a Lieutenant rather than the man himself, but you do have a large potential market for their seminars to offer as bait – we are their target market – investment-minded folks with money.
    John Casmon from Chicago, Illinois
    Replied almost 4 years ago
    Great post. Many of us get bogged down with setting “realistic” goals, but there’s so much power in thinking big and surrounding yourself with people who can convert those grandiose thoughts into reality.
    Andrew Syrios from Kansas City, Missouri
    Replied almost 4 years ago
    It is amazing how it can go in this regard. Some random contacts have lead to great deals, business opportunities or just ideas. Networking can be tedious, but it is critical!
    Al Williamson rental_property_investor from Sacramento, CA
    Replied almost 4 years ago
    Very nice and timely kick in the pants Dr. Blank. Thanks
    Michael Blank rental_property_investor from Northern Virginia, VA
    Replied almost 4 years ago
    Thanks Al 🙂
    Douglas Skipworth rental_property_investor from Memphis, TN
    Replied almost 4 years ago
    Great post, Michael. I just read an interview with Grant Cardone the other day in SUCCESS magazine where he said his “biggest mistake in life was that [he] thought too small for too long.” That comment stopped me in my tracks and has really had me reflecting deeply for the past few days. Your article is now pushing me further. Thanks so much!
    Tyisha G. from Long Island, New York
    Replied almost 4 years ago
    Inspiring post!
    Austin Hughes rental_property_investor from Lubbock, TX
    Replied almost 4 years ago
    Joe Fairless (Best Real Estate Investing Advice Ever) has had Robert Kiyosaki on his podcast! Joe’s here on BP as well.
    Michael Blank rental_property_investor from Northern Virginia, VA
    Replied almost 4 years ago
    Hi Austin … already in dialog with Joe, he introduced me to Robert’s publicist. Awesome, thanks everyone !!!
    Robert
    Replied almost 4 years ago
    Great, great read. You’ve pushed me to think bigger and commit to finding that “10x” or even bigger, individual! Thanks so much!