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Taking Your Real Estate Investing Business to the Next Level

By Minh Pham, Mentor/Investor/Author, www.GuaranteeProfits.com

 

The one question I come across often from students is: “How do I handle setbacks in my business?†or “How do I get my business going when I’m stuck?â€

 

Well, my answer to that is that there is always more money to be made and more deals to be done.  Do not rush life.  ‘Enjoy the moment.’

 

If your ultimate goal from real estate investing is to have the ‘quality of life,’ then why do you compromise that by working too much or by having the mindset that enjoyment is only ‘after’ you accomplish a certain goal. 

 

You say to yourself; “I’ll enjoy life after I have done 25 dealsâ€, “after I am financially independentâ€, “after I am debt-freeâ€, “after I quit my full-time jobâ€, “after I own 100 commercial unitsâ€, “after I have a million dollars in the bankâ€, “after I do this, after I do thatâ€. 

 

NONSENSE!!! You will only understand how foolish that thinking is, ‘AFTER YOU GET HIT BY AN 18 WHEELER GOING 100 MPH!!!’   That’s right, after you are dead, do you understand that ‘after’ is forever into the future and you wasted your life chasing after something that may never come to you.  THE KEY TO LIFE IS TO DIE FIRST AND THEN ONCE YOU REALIZE HOW SHORT LIFE IS ONLY THEN WILL YOU TRULY ENJOY LIFE.  So enjoy life now.  Enjoy the present moment.  And once you realize that ‘success is a state of mind,’ you will realize that you are rich now, and the material success manifest soon after. There can be no other way, because everything material firsts comes with a thought and you must first be successful in the mind before you can become successful in life.  Take a look around you.  Everything you see was first a thought.

 

I’ll give you an example of success I had yesterday.  Usually, about an hour after lunch, I get tired and sleepy. So my usual routine is to take a nap or mediate for 30-60 minutes. When I'm done, the energy that I have really gears me up to tackle anything.  It's like a second day (within a day) for me.

 

But yesterday, I was very busy and I knew I really couldn't and I thought I shouldn't take that quick nap. I took it anyway because I know the work will always be there.  The money will always be there.  There will always be sellers and tenant buyers, and more issues to deal with. Generally, there are always things to do.

 

But, more important, is my state of mind.  What did I want?  I was tired and wanted to relax and chill...so I did.  Best 45 minutes I spent all day. 

 

Also, in your downtime, do not answer the phone, that is what voicemail is for.  Do not let little gadgets like cell phones, or pagers, or email or anything control your life.  It could be that big $50K deal…but, do not worry, you and I know there are tons of deals coming, if not with this call coming in maybe it will come in later today or sometime next week, but it will come.  For example, I see people who are reactive and they are controlled by every phone call that comes in. You see it sometimes when you’re eating lunch with them.  They still pick up that phone.  Is it worth an interruption of your meal?  How can you eat and talk at the same time?  So stop the madness and control your life.  Do not let others control you.

 

Most of the time when you are running full speed, burnout is inevitable, but remember you are the key in this and keeping yourself healthy and happy will allow you to enjoy this business and lifestyle for a very long time.

 

I wish you much rest and success!

About the Author

Minh Pham graduated from Maryland University with a degree in Decision Information Sciences. For over 12 years he’s been helping entrepreneurs, homeowners, investors, sales professionals, small business executives, landlords, and real estate investors to streamline their systems, increase output and efficiency, and decrease stress. With the publication of ‘Turnkey Software for Successful Real Estate Investors,’ he’s been quoted as ‘the consultant who has produced the most comprehensive real estate software program for residential real estate investors nationwide’ by local and national real estate investing association board members.

Minh Pham can be contact at www.guaranteeprofits.com

How do I imagine without having interrupting thoughts?

Right now, I'm going through a self crisis with myself. Because I'm starting to realize that I just want to get away from reality for awhile. I need a fantasy, and a getaway. The only time I can getaway is if I imagine, but what's hard for me is to try to imagine without actually putting real life situations into my mind. I need a fantasy getaway. If anyone knows of any sites with meditating, or how to imagine tips let me know, because right now I need it.

Sounds like you have a hard time relaxing and slowing down your thoughts. Creating a mental "getaway" takes practice for many people, but it can be accomplished using relative simple techniques. Combining physical relaxation with mental imagery can be very effective. A common relaxation method is called progressive relaxation, in which muscle groups are tensed and relaxed progressively from the toes to the head. For more information just search online using progressive relaxation as a key term. For the mental imagery part, it can be helpful to take some time and think of a place that would be peaceful, beautiful, and calming for you personally, including as many details as possible. Think about what your place would be like before you attempt to visualize it. My mom, who is a psychologist, describes her place as follows: She is in a forest, surrounded by mossy trees. The light is filtering through the trees, and there is mist in the air. She is bareback on a dapple gray horse, wearing as long flowing dress, sort of lying forward onto the horse's neck. In the background, she can hear the sound of a small waterfall and a running stream. It wouldn't be my choice, but it works for her. First do progressive relaxation. Once relaxed try to visualize your place with as many details as you can. It may take a while, but with practice these techniques may help you create the perfect getaway place for you. Hope this is helpful. Good luck!

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