Personal Development

How to Maintain Motivation in 3 Simple Steps

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP, Real Estate Investing Basics
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Here’s the thing. If you do everything else right—you have a strong “why” (a strong reason for doing this), you have a plan in place, you’ve got good deal flow coming in, you’ve got your process in place, you’re analyzing deals, you’ve got a source of financing—and everything works, you still may not end up buying anything because of your lack of persistence or motivation.

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And that’s not a dig on you. I’m the same way.

How many times have you started a diet and then failed at it? How many times have you started a new fitness thing and failed or a new business venture and failed at it?

Not failed in a crash and burn way, but failed simply because it just slowly died out because you lacked the motivation to continue.

In real estate, you may have to work a long time before you land your first deal. And so you can't just rely on landing deals to build motivation. You've got to rely on something else.

So, let me give you three ways to build motivation and stay persistent.

How to Maintain Motivation as a Real Estate Investor

How are you going to stay persistent for the long haul, especially between now and when you land your first deal? I mean, once you land a couple of deals, you’re going to have some momentum and some motivation.

How do you keep it going ’til then? Well, I recommend these three things.

1. Mastermind Groups

First of all, mastermind groups are a great way to build momentum and motivation.

What do I mean by mastermind groups?

I’m not talking about, “Join my private group for $20,000!” I’m talking about a mastermind group like, “Hey, let’s grab five people together, and let’s meet every other week on a Zoom call and hold each other accountable.”

A mastermind group has been super influential in my life. I’ve been a part of a number of them. Some have been wildly successful because we’re consistent with it. Others have fallen apart because we were not consistent with it.

And so you want to get into a good group of people, who are consistent and persistent about meeting together and holding each other accountable.

Related: The 7-Step Morning Routine That Transforms My Entire Day

2. Practice Journaling

The second thing that I do to maintain persistence long-term is to journal every single day to track what I’m doing. I’m not talking about like, “Dear diary, today was a horrible day.” I’m talking about tracking in a journal.

For example, there’s a lot of people who have journals out there. I have one. We launched a BiggerPockets version called The Intention Journal.

I don’t care if you use mine or somebody else’s, but journaling—or tracking your actions—is something that’s important. In it, I write my goals.

What is goal number one? What is goal number two? What is goal number three?

And then for each goal, what is my weekly objective for that goal? What’s going to keep me on track on that goal? And then, what’s your most important next step?

Related: 3 Steps to Design & Print Your Own Custom Planner for Under $10

woman with victorious fist in air signifying accomplishment

I call that “MINS,” my most important next step. In other words, what do I have to do today, right now, to get me closer to my week, which is going to get me closer to my goal.

What’s your schedule look like? Did you drink water today? Did you work out today? Did you read today? What are you grateful for?

I also track my habits on a regular basis. I track all of my habits.

Did you read 10 pages today? Did you exercise today? Did you meet with your team today?

So, in my journal, there’s a habit-tracker in here, as well. And again, I don’t care if you use mine or somebody else’s journal or if you create your own. But having a regular journal to track your progress is huge.

3. Performance Coach

And finally, the third thing that’s been really influential in my life is having a performance coach. Again, I don’t mean $20,000, $30,000, $40,000 coaching. I’m talking about a performance coach.

Now, they are not cheap. They might cost you several hundred dollars a month. I’ve heard of coaches costing several thousand a month.

And maybe you’re not at that level yet. That’s fine.

Related: 14 Things Every Real Estate Investor Should Do Every Single Day

The first two options on this list are super cheap or free. This third one, I pay for performance coaching, because now it’s just like the mastermind. Somebody is holding me accountable.

But instead of a group, it’s one person every other week saying, “Brandon, last time we talked, you said you’re going to do A, B, and C. Did you do it? Why not? Let’s go deep. What happened in your childhood that made that not possible?”

Like, they go really deep. A performance coach helps you identify your goals and your “why” and keeps you accountable to that on a regular basis.

My coach’s name is Jason Drees. Shout out to you, Jason!

But there are a million coaches out there. He’s been super helpful for me in identifying goals and then accomplishing those goals—and then establishing new goals, bigger goals, and then conquering those.

So, if you want something amazing in life, all the pieces have to be there. You have to work the right journey. But then you also have to stay consistent and persistent with it.

That’s why I recommend those three options. They work pretty well—at least in my life—in terms of being able to stay persistent for the long haul.

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What’s worked for you in terms of staying consistent and persistent? What roadblocks are you hitting?

Let’s talk in the comment section below.

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He is a nationally recognized leader in the real estate education space and has tau...
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    Shiloh Lundahl Rental Property Investor from Gilbert, AZ
    Replied 2 months ago
    Brandon, nice job on another fantastic article! Knowledge and information don’t create anything. Action creates things. People can read and listen to things and learn about real estate all day long. They can even tell others what they should or shouldn’t do with real estate. But until they actually do something With real estate themselves, they are none the wiser. Motivation leads to action. And the best way that I can think of to maintain motivation over time is through accountability. Whether it is being self-accountable through journaling, having an individual keep you accountable through one-on-one coaching, or being part of an accountability group such as a mastermind group, accountability really is the key to help keep people moving forward. Another thing I have found to help with motivation is listening to motivational speakers like Jim Rohn, Brian Tracy, and Orin Woodward and then writing one thing down that they say and doing it that day.
    David Pere Rental Property Investor from Oceanside, CA
    Replied 2 months ago
    Mastermind groups and journaling have been a game changer for me! I'm looking to hire a new performance coach in the near future. My last attempt wasn't a great fit, but I still got a lot out of it. Thanks for sharing brother!
    Frances Regalado Investor from Pasadena, California
    Replied 2 months ago
    Thanks Brandon. I really enjoyed this article. I realize I have been in the comfort zone for too long and look forward to implementing your tips above. I guess it's time for some discomfort;)
    Harry Fisher from New Jersey
    Replied 2 months ago
    Thanks Brandon! Now the question is, how do i find a mastermind group and a coach?
    Brad Miles Real Estate Agent from Little Rock, AR
    Replied 2 months ago
    Great Read! Why can’t I find “The Intentional Journal” on the website? That’s the first step I want to install to my daily routine. Thx man!
    Heather Gipson Rental Property Investor from Portland, OR
    Replied 2 months ago
    Great advice! I already do the 1st 2 steps and found I needed that additional, personal time with someone to hold me accountable for the goals I set. I hired Nicole Rhodes of Rhodes to Results as a coach. She has challenged me, helped me see where I stay busy vs “move the needle”, and gives input & suggestions when I am stuck. She also happens to be a multi-family real estate investor. It has been incredibly helpful to have someone in my corner, that encourages me, & holds me accountable. If anyone is looking for a personal coach, I recommend Rhodes to Results. Good luck to all!