Personal Development

We Just Made 6 Figures in One Month—But That Means Nothing Unless…

Expertise: Business Management, Personal Development, Real Estate Wholesaling
59 Articles Written
investing-purpose

So in the month of August, my company made more money than I have ever made in my entire life! We had 24 properties under contract, we sold over 15 properties, and grossed over $100,000 in just one month!

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But can I be honest with you for a second?

On the surface, this may seem very impressive and amazing, but I want to be transparent and tell you that this doesn’t mean anything to me.

Money Isn’t What This Is All About

You know, normally, I’m not one who goes into our numbers — not even on our on our platform  — but today, I want to share this with you because I see so many people who are motivated by money.

I want to just speak to that for a minute because guys, if you live for the amount of zeros in your bank account, you’re going to die on your deathbed, looking back at a life full of material things and nothing of true substance.

Now, I’ve written about this before, but I want to continue to emphasize that — financial success in and of itself is empty!

You’re not taking any of these material things with you in the next life. For me, it’s not about how much money I have or how big and flashy my house is; it’s about the opportunity to provide for my family. I want to be able to provide my children with a great education. I want to take my family on trips and attend camps with my children. I want to really help my family develop a love for our faith and a love for life!

So, when I say making $100,000 in a month doesn’t mean much to me, don’t get me wrong, I am super happy, but it’s more that I’m happy to see that my team is growing.

build-relationships

I actually had one of my team members say to me, “Dude, aren’t you super excited? You’re making so much money! You’re making $30,000 in a week! Isn’t that incredible?”

My honest response to him was, “Not really. I’m excited by the results, and I am happy we’re setting goals and we’re surpassing them, but it’s not really about the money. It’s about seeing my team successful, seeing my team excited, and seeing our investor-buyers believing in our brand and in our company.”

For me, I love seeing our motivated sellers happy and our investor buyers happy.

I don’t have selfish motives. My goal isn’t to take advantage of people. My goal is to create genuine win-wins and to ultimately serve people and teach people how to do this wholesale business successfully.

Related: Developing Your “Why”: How to Work for MORE Than Just Money

What Drives You?

Let me ask you a few questions:

  • Why do you wake up every day?
  • Why are you on this Earth?
  • Are you in this business just to pull up to your family reunion in your new fancy car wearing a Rolex?
  • Are you in this business to be perceived as something significant and worthwhile?

Here’s the thing — you’re already worthwhile!

Your job title doesn't define who you are, and neither does the amount of money you make.

So if you’re a jerk, and you have a bunch of money. Guess what? You’re still a jerk.

But if you structure your business to where you’re adding value, changing lives, and making a difference in this world, all money will do is amplify those desires in you!

Yes, I made $100,000 last month — big whoop!

Does that make me any better than you? Does that make me a better wholesaler than you?

Not at all!

succeed-vs-fail

Having Purpose Trumps All

It only means that I’ve remained faithful to this thing, that I’ve gone after it, that I have a purpose, and that I have an ultimate “why” behind my business.

 What about YOU?

Why are you in the real estate investing business?

Related: 6 Major Reasons to Invest in Real Estate (& How to Invest With Purpose!)

If it’s just to make money, I think you should really examine your heart because there are many ways to make money other than real estate wholesaling.

This business is super simple, but it takes action, effort, work, and dedication.

With the many ups and downs in real estate investing, if money is your only motivation, when times are tough, you’re going freak out because your security is in something that isn’t sustainable.

To conclude this post, I want to encourage you go after your dreams but don’t make money your sole motivation. On your deathbed, will you look back at your entire life and reflect on how much money you made?

Having a bunch of zeros in your bank account doesn’t mean anything in the end!

You have to make a difference in the lives of others because those are the things that really matter. Otherwise, you’re going to find yourself unfulfilled and miserable.

I hope this blog posts encourages you today to figure out your “why” and use real estate to serve it.

[Editor’s Note: We are republishing this article to help out our newer members.]

What’s the reason YOU invest in real estate — beyond just the money?

Let’s talk in the comments section below!

Brett Snodgrass is CEO of Simple Wholesaling and has been a full-time real estate investor for 10+ years. He specializes in wholesaling, wholetailin...
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    Abel Curiel Real Estate Agent from Queens, NY
    Replied almost 4 years ago
    Awesome blog post! I’ve been on BP for about 6 months and have read dozens of posts on the “why” that is essential for us to succeed, but this one really stands out (no offense to the others). We really need to keep that WHY in mind each and every day. So many ups and downs in this business and life in general and what has kept me moving forward has been my WHY. As a son of immigrant parents who came to NY in the 70’s, I saw what they worked so hard for because I am living it. Now its time to take those tools and get to work for the next generation. My business partner and I are choosing to do this through our real estate business and it really doesn’t feel like work. It has to be done and it has to be done for our WHY! I wish everyone continued success! -Abel
    Brett S. Investor from Plainwell, Michigan
    Replied over 3 years ago
    Not to be a negative Nancy but I see posts like this all the time and while it certainly has shock value, precious few people share their net numbers. Gross numbers don’t mean anything. Someone who sells a $20,000,000 property could tell this board they made “$20,000,000 in 10 minutes” even if they had the property on the market for 15 years and lost money on the deal. That said, this forum is really about motivation more so than business so in that vein, congrats. And certainly, if you netted a good chunk of that, kudos. But I hate to demotivated anyone who thinks their numbers are so minuscule relatively.
    Bill Jenkins Investor from Pylesville, Maryland
    Replied over 3 years ago
    Great post. “A man’s life does not consist in the abundance of things he possesses.” But, “a good man will leave an inheritance to his children’s children.”
    Isaiah Freeman Investor from Lexington, KY
    Replied over 3 years ago
    Brett! Great article. Glad you’re not ashamed of what you believe either. Motivating! Thanks for sharing your message that it’s not all about the money….
    Ed Perez from Cleveland, Ohio
    Replied over 3 years ago
    Great article. Balance is everything. If your purpose in life is to travel and spend more time with your family and friends without regards to your finances, you’re going to fail. I believe in focusing on the fruit of my labor to reach my dreams.
    Ravon Robinson from Irvington, New Jersey
    Replied over 3 years ago
    wow such a great success story. when I first clicked the link I thought it would be selfish and money motivated but to my surprise it was just what I needed to hear thanks Bret, many blessings to you and your team
    Stephen Shelton from Debary, Florida
    Replied over 3 years ago
    I’m in a much smaller boat, but I understand what you mean. I’m more excited about rebuilding the front fence on my newly rented 3rd house than I am with spending that money on something fun for myself. It’s gonna be a bassass fence that other fences will want to be!
    Dan Mckeon Investor from Creswell, Oregon
    Replied about 3 years ago
    Excellent message, Very refreshing! Awesome to hear that you know who our real provider is!