I am a big fan of Jack Canfield. As you probably remember, Jack wrote one of my favorite business books of all time called “The Success Principles; How to Get from Where You Are to Where You Want to Be”. He also created the “Chicken Soup For the Soul” books.
Jack is a brilliant businessman and his Success Principles book he writes about the “Hour of Power” that you should integrate into your life.
How I Bought, Rehabbed, Rented, Refinanced, and Repeated for 14 Rental Properties
This is the dream right? Going from zero to 10+ rental properties, providing stable cash flow and long-term wealth for you and your family, and building a scalable business model to boot! Learn how this investor did just that, in this exclusive story featured on BiggerPockets!
So What Is the “Hour of Power”?
The hour of power is broken down into 3 segments:
- 20 minutes of exercise
- 20 minutes of reading educational or inspirational books
- 20 minutes of visualization of your goals and meditation to quiet your racing mind that all entrepreneurs have
The hour of power should become a daily ritual done the first thing in the morning, so that it becomes a habit.
So What Does This Have to Do With Real Estate Investing?
Successful entrepreneurs have all found ways hone their focus, break the habit of procrastination, and become a master of good habits in their lives. All of these things will largely determine whether you are ultimately successful or not. Adding the “hour of power” into your daily morning routine is just one more way to ensure your success. So let’s take a quick look at these three things.
Exercise for Good Health and Vitality
This is so self-explanatory that we really shouldn’t have to talk about it. But the truth of the matter is that most of us get up and delve right into the thing that we love so much; our businesses. This business of real estate investing takes energy and stamina, and it can also be very stressful at times.
If we don’t keep our bodies healthy with good food and exercise then our businesses and our personal lives will suffer. I think it’s great to plan go to the gym in the evening after work. But if most folks were to be honest, it doesn’t always get done at the end of a long, tiring day. Starting the day off with something simple like walking or 20 minutes of some other type of exercise will just be a bonus if you get your gym time in at the end of the day.
Feed Your Mind for 20 Minutes Each Morning
Lifelong learning is one of the traits all successful real estate investors and entrepreneurs share. Spending just 20 minutes each morning reading educational or inspirational books or listening to CD’s is all it takes. Ask yourself what you need today. Do you need inspiration to get you out of your funk or do you just want to educate your mind today? Whatever the answer is, start each day off with some brain food.
Visualization and Meditation
Here is a quick explanation of how you can easily integrate these two things into your life.
The very mention of the word meditation sends some people running.
Meditation is in reality nothing more than learning to quiet your mind. Most people are familiar with Napoleon Hill’s book “Think and Grow Rich” which was first published in 1937. It is one of the greatest books ever written. In his book, Napoleon Hill talks about his process of “sitting for answers” which is now what we call meditation.
He would go into a room with a pad of paper and a pen, close the door and sit quietly (sometimes with his eyes closed) for extended periods of time and “wait for answers” to his questions and his problems. I find it fascinating that this man figured this process out so long ago and used it so successfully in his business. Learning to slow down and quiet your mind is one of the greatest gifts you can give yourself.
Most real estate investors are like other entrepreneurs. They are idea people; they have vision and can see the big picture. An entrepreneur’s mind is prone to racing around all the time because of these very traits. They often have trouble maintaining focus. These same people are also prone to “shiny object syndrome”. They start something and then something else catches their eye. Almost immediately their mind says, “Hey look over here at this brand new thing that would be great for my business”.
So take a little time each day to quiet your mind and “sit for answers”. I can promise you that 10 minutes of meditation will also restore your sanity at the end of one of those terrible days that we all encounter from time to time.
Visualization is a process that you are supposed to do at the end of your quiet time or meditation. Spend a few minutes and go over each and every one of your goals in your mind. See them as already being complete. How do you feel now that you have achieved your goals? How has your life changed? What does it look like now? Take a few minutes to actually feel the success.
You know what they say, “you have to see it in your mind before it can come into your world”. That is how we set concrete goals and achieve them. We have to have a clear vision of where we intend to go and what we intend to create.
It is a small habit that if done each day will create massive change in every area of your life over time.
Get Your Free Copy of “Think and Grow Rich”.
This book is now in the public domain and you can get a free copy here at: Think and Grow Rich
Do you already have a morning ritual like this one? I would love to hear about it if you do.