Best Advice Ever Received?

31 Replies

What is some the best advice you have ever received, be it from BP, Mentors or Family?

In Real Estate or In Life....

For Real Estate

READY FIRE AIM

You can't read, take courses, listen to podcasts forever.  Get out in the field and start making offers...

Don't believe everything you think.

The best advise I ever received is "Don't believe everything you think."

Find your "WHY" and thrive from it!  Fire, Ready Aim....

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Always be ready to pivot - you may never have to, but you'll be happy your ready if you ever do

also, work hard, and save your money, it's not what you make, it's what you save 

If one does not know to which port one is sailing, no wind is favorable.

-- Seneca 

I don't know if my parents ever told me to do this, but I saw them live this daily and it has been huge for me and my wife. It's very simple, but extremely effective.

Live Within Your Means.

Since my wife and I graduated from college and started working full-time and we have lived on lower of the two incomes and saved the higher one and that has given us so much freedom to do what we really enjoy doing instead of being tied to money. We don't live in the most expensive house we can afford, we don't drive the most expensive car we can afford, etc. It helped that we weren't making minimum wage after graduation :-)

It's a blessing to have a partner who has the same intensity about the goal as you do.

Pay yourself first

“Staying the course” only makes sense if you’re headed in a sensible direction. Because passion and persistence – while most often associated with success – are also essential ingredients of futility. Don’t Follow Your Passion, But Always Bring it With You. - Mike Rowe

Never borrow money when you need it, and only borrow money when you don't need it. RDPD

If you get the bid, you bid too low. If you did not get the bid, you bid too high.

Applied to Real Estate Investing:

If they accept your offer, you bid too high, if they pass you offered too low.

Always chasing the exact price.

Never take anyone's word, always verify everything

I live in a small town in central PA & the best advice I ever got was, Dont buy it unless you can walk to it. I own about 35 unit's between 12 properties & I can walk to each of them. That guide line has really worked for me. 

Marry a girl at least 4 years younger...

It is not what you say that maters. It's is what the other person hears you say that counts.

Originally posted by @Richard C.:

Marry a girl at least 4 years younger...

Wow sounds good. My wife is 9 years younger. 

Originally posted by @Arlen Chou:

It is not what you say that maters. It's is what the other person hears you say that counts.

 So True, Communication is Key.

Live a little like no one will so you can live a lot like no one can.

“Having it all doesn't necessarily mean having it all at once”
-Stephanie Luetkehans

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