What keeps you motivated?

Question

I thought it would be cool to see what tactics people use to stay motivated and engaged in real estate.

I like to write my goals (short, long, middle-long term) in a journal at night before bed, than I wake up and read them. It was a routine my former business mentor suggested I do, and I've been doing it for awhile now. It helps me from getting too "distracted".

What about you guys?

Kerry Noble Jr · Answer

My mom has been working for 36 years and she is ready to retire.........but shes doesnt qualify for the full retirement because she isnt old enough (she has the years of service but not age for the combo to retire with full retirement benefits).......i want to retire her! And, what i mean by retire, i dont mean fully fund her lifestyle as she will have money coming in but i want to be able to give her an additional 1 to 2k per month to supplement her lifestyle. She has made a lot of huge sacrifices for me growing up so i want to be able to repay her for all shes done. Shes also been my number 1 cheerleader in my new wholesale journey.

Alexander Felice · Answer

Boredom

I get bored easily and like to keep myself challenged so I try and solve increasingly harder problems.

Josiah Kay · Answer

My main motivator is knowing how the actions I take now in REI will lead to financial freedom and thus allow me to live my life the way I want to live it. In essence, it's basically a visualization strategy that I am constantly doing without really thinking about it. Have you read Hal Elrod's "The Miracle Morning"? If not, I would suggest picking that book up. It is a great read and very inspirational/helpful.

Travis Henry · Answer

@Seth Macomber There's so much power in journaling!

Another big one for me is grabbing a cup of coffee with someone once per week. Whether or not they're into REI, I think everyone has a way of adding value to your investing journey (plus, expanding your network is always a good thing!). Sometimes, being put in a position where you need to articulate your goals to someone who isn't familiar with REI will help solidify your thought process.

Michael Guzik · Answer

@Seth Macomber That's a great question brother and I love that idea. I personally read my goals every morning like you do, along with reading/asking myself my morning power questions. I love Tony Robbins and after reading "Awaken The Giant Within" I incorporated a lot of his material and ideas into my morning routine. Another routine I need to get back into is hopping on BP every day or at least every other day. Being on here helps me a lot and really does motivate me to get better and stay involved.

Account Closed · Answer

Seeing that income direct deposited into my business account during the month and watching it increase.

Andrew Lawhorn · Answer

The realization that as I get older and those loved ones who helped to raise me are becoming immobile, getting cancer, or passing away. I know where all going to leave this place one of these days however timing isn't always expected. Therefore, the passion that's in me derives to experience more quality time with my family which makes me go that much harder each day.

Brian Ellis · Answer

Seeing the results from hard work. A few people mentioned journaling, what I do is I write notes and store them on my phone. I write specific goals I want to attain by such and such date. So far ive exceeded every goal ive written in there, and sooner than I had anticipated.

Some goals might be:

- Get more organized

- Get approved for HELOC

- Start searching for rental properties this month

And other goals might be:

- Close on a rental property

- Get lease signed and rental income for first month

- Have 10k in reserves for renovation on unit 2

(these were all actual things I wrote out and achieved)

If im willing to work my butt off, and stay sharp, and SEE that im reaching my goals, it gives me the ability to stay motivated day in and day out.

Aaron Stuiber · Answer

Half of the walls in my apartment are white boards so I can be visual and keep everything in front of me. It helps to stay motivated everyday! List out your goals and keep your ideas in front of you.

What keeps you motivated?

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