6 Easy-to-Acquire Habits That Will Help You Build Wealth

6 Easy-to-Acquire Habits That Will Help You Build Wealth

4 min read
Brandon Turner

Brandon Turner is an active real estate investor, entrepreneur, writer, and podcaster. He is a nationally recognized leader in the real estate education space and has taught millions of people how to find, finance, and manage real estate investments.

Experience
Brandon began buying rental properties and flipping houses at the age of 21. He started with a single family home, where he rented out the bedrooms, but quickly moved on to a duplex, where he lived in half and rented out the other half.

From there, Brandon began buying both single family and multifamily rental properties, as well as fix and flipping single family homes in Washington state. Later, he expanded to larger apartments and mobile home parks across the country.

Today, Brandon is the managing member at Open Door Capital, where he raises money to purchase and turn around large mobile home parks and apartment complexes. He owns nearly 300 units across four states.

In addition to real estate investing experience, Brandon is also a best-selling author, having published four full-length non-fiction books, two e-books, and two personal development daily success journals. He has sold more than 400,000 books worldwide. His top-selling title, The Book on Rental Property Investing, is consistently ranked in the top 50 of all business books in the world on Amazon.com, having also garnered nearly 700 five-star reviews on the Amazon platform.

In addition to books, Brandon also publishes regular audio and video content that reaches millions each year. His videos on YouTube have been watched cumulatively more than 10,000,000 times, and the podcast he hosts weekly, the BiggerPockets Podcast, is the top-ranked real estate podcast in the world, with more than 75,000,000 downloads over 350 unique episodes. The show also has over 10,000 five-star reviews in iTunes and is consistently in the top 10 of all business podcasts on iTunes.

A life-long adventurer, Brandon (along with Heather and daughter Rosie and son Wilder) spends his time surfing, snorkeling, hiking, and swimming in the ocean near his home in Maui, Hawaii.

Press
Brandon’s writing has been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media.

Follow
YouTube
Instagram @beardybrandon
Open Door Capital

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“We are what we repeatedly do. Excellence, then, is not an act, but a habit,”Aristotle said. And that’s good advice. Yet some habits are hard to start or stop. Like, smoking, for one. Or . . . complaining about your boss.

Other habits, however, are fairly easy to adopt, if you are 100 percent committed to changing. Those are the habits I want to address here.

If you are looking to build wealth, you’ve got to begin with your habits. After all, your habits, like the rudder on a ship, will guide and direct your life with relative ease — once they are set in place. So, let’s look at six habits you can start implementing today to immediately begin acquiring greater wealth.

Single Family Rental House(*** A quick interruption here: If you are having a hard time finding good real estate deals to buy – I want to invite you to this week’s BiggerPockets Webinar, hosted by … me! It’ll happen THIS Wednesday evening and it’s going to be fantastic, so click here to hold your spot or to learn more.  And now, back to your regularly scheduled blog post!) 

1. Wake up early.

Life is probably a bit crazy for you. However, it’s likely significantly less crazy before everyone else in your home wakes up! This is why it’s important to wake up early in your quest for greater success.

In my favorite business book, The One Thing, authors Gary Keller and Jay Papasan use the analogy of a car running out of gas each day. Thus, the earlier you do your most important tasks, the easier it will be to move your business consistently forward.

As I have talked about in Entrepreneur, the secret to waking up early is not allowing your brain to make decisions. In other words, create morning routines and habits that force you to wake up! Then, get to work!

wealthy-habit

2. Define goals and benchmarks.

If you don’t know where you are headed, how do you know when you’ll get there? Or, how do you know you are on the right track? Defining goals and setting benchmarks is an easy habit to acquire, as you can make this part of your morning routing.

Related: 3 Habits of Incredibly Lucky People (For Better Fortune in Business & Life!)

Each morning, I sit down and review my goals and the progress I’ve made on them. This helps me keep the main thing the main thing and helps me make sure I don’t deviate too much toward the “shiny new things” that are all around.

3. Read more.

Reading may not seem like a habit, but ask any heavy reader, and he or she will tell you it is! When these people go a day without reading, it’s as if something is wrong. Reading is a powerful way to grow your wealth because it enables you to test-drive the mind of an author, learn what he or she knows and gain insight into how to improve your life.

Aim to make reading a habit in your life — both for business and pleasure. It doesn’t take hours a day, either. Just 15 minutes a day can help you burn through dozens of books a year, and it only takes one idea to turn you into a multimillionaire.

4. Time-block your schedule.

Another habit you can incorporate into your daily routine is time-blocking. Time-blocking is where you set appointments with yourself to accomplish your most important tasks. For example, this morning I time-blocked an hour to write this post, and here I am writing it.

There will always be a million different things fighting for your attention. Getting into the habit of time-blocking will make sure your most important tasks — the ones that will make you wealthy — will get done each day. For more on time-blocking, check out “This Productivity Hack Completely Changed My Life, and It Can Improve Yours.”

habits-hold-back-success

5. Meet weekly with people smarter than you.

You probably already have several habits that involve other people, like going to church or playing community softball. Those habits are great, but I want to also encourage you to develop the habit of regularly meeting with people smarter than you. This could mean joining a weekly mastermind group, asking a local mentor out to coffee or hiring a professional coach.

As I’m sure you’ve heard before, you are the average of the five people you spend the most time with! So, make sure it becomes a habit to level up your friendships.

6. Ask ‘why’ to every ‘no.’

One of the most annoying habits little kids get into is asking “why” to everything a parent says: “Why can’t I touch the stove?”

“Why can’t we go to the zoo?”

“Why do I have to pee standing up?”

While it might be annoying, this habit is actually highly beneficial for kids trying to make sense of a big, confusing world. Somewhere in life, though, we lose this habit. We start to accept what we’re told and do things because “that’s just how it’s done.”

Related: The 7 Seemingly Innocent Habits Holding You Back From Success

However, if you want to build serious wealth in today’s world, you need to disrupt the way things are done. Disruption begins with asking “why” to every “no.” So get back into the habit of asking, “Why?”

Overall, building good habits can transform your life and help you achieve levels of success you’ve only read about! And the great thing is, some habits don’t need to be difficult to implement. Instead of seeing wealth-building as a huge, daunting task, why not try adopting a few (or all) of these actions into your routine? In a year’s time, you may look back and be amazed at the progress you’ve made.

Hopefully you’ve now gotten a few good ideas for habits you can add to your life to find greater success and build incredible wealth. Now, go set that alarm clock!

[This post originally appeared on Entrepreneur.com.]

What habits have you adopted this year that have helped you achieve bigger, better things?

Let me know with a comment!