Hey guys goal setting we all know it is important and valuable but how do you go about it? Should you side with Grant Cardone's 10x thinking and create these huge "impossible" goals? Or is it better to think reasonably and set "obtainable" goals? I understand both sides of the coin and can see the value in both but I'm wondering what do you guys do and what works for ya'll?
Every time I set goals for myself I hit them and realize I can do a lot more.
I would say for me it's in between. You want to set goals that you stretch for, but once you get close to them, set the next one quickly and in the distance. Give yourself a carrot to chase
I do both. I have big time goals that if they ever get in sight then I will change it to something else that is CRAZY.
In the mean time I have short term goals, which are steps/goals that I feel are necessary to achieve my end goal.
Think of and strive for actionable goals. GC can be great but he also started with 350k for investing which will not be most people.
Most people may also not realize this but GC Is essentially a guru. He’s just not a real estate guru, he’s a sales training guru. It’s easier to be a sales trainer than to be good at actual sales. So I take a lot of what he says with a grain of salt.
He says investing in single family is a terrible idea. He also runs an apartment syndicating business, and wants investors, so clearly he has no ulterior motive for saying apartments are the greatest thing ever and the stock market and literally any other investment is awful. I’ve known people who have made millions in the stock market and have never touched real estate.
Long story short be skeptical of GC. He’s very entertaining but realize how he makes his money. He sells books, training seminars and all sorts of other stuff. Most of his money doesn’t come from real estate.
But wait you say, he owns over 600 M in real estate. Wrong, he manages that much. How much equity he has in that is unknown but I’m guessing it’s not a lot given just the other day I read here on BP that someone has invested in his deal and GC cashed out of it pretty quickly.
You get the idea.
@Alexander Felice @Derek E. Thank you both for the comment guys! I really like the idea of once you get close to a goal to set another one so you are always striving to get better and improving.
@Caleb Heimsoth Wow I really didn't know that and have never really though about him and his wealth that way. I appreciate your perspective and insight on that I learned something new today!
I like to think big, but sometimes looking too far into the future makes me feel overwhelmed. I try to keep the big goal in the back of my head at all times. But I try not to focus too much on it because it's so far away and it makes me feel like I'm not moving fast enough. Instead I focus on the smaller steps that will eventually lead to the bigger steps. I try to think about what steps I need to take today, this week, or this month. That way it's always in reach and I feel like I'm getting somewhere.
I used to think more reasonable but once I found my passion in REI and saw how I can add value while doing something I love then I realized there is a lot more inside that I thought. You find energy you didn't think you had, your mind starts generating more ideas to fuel you and you find time to work harder and longer because you are having fun. Yes, set goals and think big but do so only if you are passionate about it because that will get it done. Additionally, go find some experts to work with, that will accelerate your growth and experiences. Read this and hope it inspires you a bit.
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