What is stopping you from taking the steps towards financial freedom? What if it was nothing? Would you do it?
So right now I am sitting in front of my computer thinking “How do I lead into the blog for today? When was I held back and why?” At first I couldn’t think of anything but then it hit me… F@#k, all the flipping time.
The first I remember was almost being held back in Kindergarten. Apparently crying everyday and calling your teacher by her first name for the entire year is frowned upon by administration. Since I was 5 my mom fought this battle for me. I’m not really sure how it went down. #firstgrade #helloMs.Patty
Actually me in Kindergarten. What was I wearing?
Then came not learning how to double Dutch, eating lunch alone until someone sat with me, not asking out my crush….
Then I became an adult… Oh GOD!!! There have been so many!! Not applying for a better position or asking for a raise (Not a problem for the last 9 years #REIlife). Not wanting to go on a trip alone (Still have never done that). Not admitting my feelings to guys I was dating. (Sorry to every guy that thought I didn’t care, except for the ones where I didn’t care). Hesitating to quit my job to be a full-time investor. The one that is most relevant is dragging my feet on starting this blog.
Each and every time I felt that force-field holding me back from moving forward it was at least one of the same reasons each time…overwhelmed by the next step, time and/or money commitment, fear, and being a lazy @$$hole.
When it came to starting the blog, all of those things got in the way. My friend and brand developer, Heather of RVA Creatives, told me “Girl you need to start a blog!!!This will put you in front of your audience and allow people to know you.” A friend of mine who is a business and fitness blogger, John, said “Chaaridy” (That’s his NJ accent saying my name) “you need to start a blog to position yourself as an expert.” My gf in San Diego who blogs about being in grad school from a Psych perspective as well as the spiritual side of life, Indigo Intuition said ….. I am pretty sure you know what she said, “Having a blog is a great idea” She is a Social Worker so she followed with “I find it helpful to be able to put things in writing.” John even offered to walk me through the basics.
A couple of months later guess who still did not have a blog? This girl! But why!!??
First, I was held back by not knowing exactly how to even begin the process. What is the first step? How is building this website different from the ones I’ve built in the past? Mostly….what the fudge pops do I say? All these questions allowed me to feel so overwhelmed that I put off taking the first step.
So that slipped into the next thing…. I could have just researched all this stuff and figured it out. But in actuality I was being a lazy POS.
I finally got my shit together and figured out the name, bought the domain, set up with the host, built a site….now for the most important part….writing.
I called John for assistance. He told me to keep my blog between 500-1000 words, make list of 5 things or so (ex: five ways to get the neighbor’s kid to stop looking at you when you are day drinking on the front porch…whatever the topic), have a good cover pic, and don’t be boring. Well $#!%. That seemed hard AF. It took me days to write my very first blog ever, Five Things New Investors Should Know. I met all the rules John gave me.
I formatted the blog to my site and was ready to roll Monday. Tuesday passed, I did not publish the blog. Wednesday came and went, I just could not hit that publish button. So, this went for a week or two.
Why couldn’t I hit that button???
I was scared. I felt vulnerable. What if I didn’t know as much as I thought? What if people didn’t like it? What if they made rude comments? AAAGGGGGGHHHHH!!!!! #anxietycentral
So, I shared my trepidation and sent a copy to Heather, Jess, and John to offer feedback. I respect their varied styles of support.
Heather, “Honey, this is really good!!! I am laughing so hard. I can picture this.” She gets the business side and the motive behind the blog. #shetoldmeto #buildingbrands
Jess, “I know this can be a source of stress but let’s really break down why.” (half hour convo ensues) #freetherapy #socialworkerfriends #arethebest
John, “Damn it Chaaridy. Quit being a (insert cat emoji here). Who cares if it’s not perfect? I am not reading one more thing until it’s published.” #thanksbruh
So, I hit “PUBLISH.” It was live.
At first I was super gung-ho. Busting out two blogs a week and quite frankly, kicking @$$ at exactly what I had feared. But guess what? Time is money and I was spending a lot of time on the blog that could have been put into an income producing activity. Guess what I did? I slacked the F off.
Ultimately, I had to cut it down to one blog that suits my writing style and does not necessarily meet the “rules” of blogging. For example, I write too much. I talk about my life in a vulnerable way. I do not make list for every blog now. However, I have had more leads come from the blog than any other source lately.
Let’s look at you. What is holding you back and how can we fix it?
Overwhelmed by the next step.
This, in my experience has been the biggest thing holding people back. You have read books, blogs, and every scrap of information you can get your hands on but nobody really tells you the next step. If you are at the basics, I did publish a two part series on the technical side of getting started. It is step by step and goes into detail. If you want that type of info go to Steps to Becoming a New Real Estate Investor Part 1 and Steps to Becoming a New Real Estate Investor Part 2.
In a nutshell it is this:
So stop making excuses and get out there and take the first steps. Remember, everything we have done professionally was once done the first time. Remember your first day on your first job? I do. I was a nervous wreck about pouring drinks and making a house salad.
Time and/or Money Commitment.
I will tackle the money part first. Almost every article I have written is about how to make money in real estate without having money. This can be done. I feel like this whole post is just a bunch of links to other articles and that was not the intention. I am just organizing the stuff I already told you. -_-
You can market and acquire property without a financial or credit commitment. I have already listed the free marketing above. The two methods for acquisition with $0 are Lease Purchases #myfavorite and Contract for Deed. I have linked the terms to the How To articles.
Time is a different story. Most of us start this on the side and have to work towards the goal of financial freedom. This can be difficult to balance. We generally get all excited (like me when I finally hit PUBLISH) and then get burnt out (like me again).
I have found the key is to budget your time like you would money. Have set time to work on things. For example:
MON: Spend 30 mins at lunch working on social media posts and return calls from that day
TUES: 6-8pm Call adds off Craigslist.org and return calls from that day
WED: Put out 5 bandit signs and return calls from that day
THURS: REI networking and return calls from that day
FRI: Return calls from that day only
SAT: Dedicate 4 hours to ANYTHING REI related that needs to be done. Showing a house, making an offer, and so on.
Like this you have only really dedicated about 8 hours a week to REI but you are making moves almost daily. This is far less overwhelming than trying to do it all each day.
This, in my opinion, is the hardest to overcome. In REI many of us, myself included, have had a fear of making that call. We are afraid of sounding stupid or the other person being angry. We can are afraid of writing an offer. What if it is too high? What if I don’t find money (for a flip)? What if the payment is due before I find lease purchase buyer? The list goes on and on….
I was afraid of being vulnerable, being wrong, being criticized, when I didn’t want to publish my first blog. I wish I had a magic formula. I don’t. We all have fear of the unknown. Unfortunately, we have to put on our big girl (or boy) panties and go for it. I can tell you the fear goes away. Even when we do not succeed the way we hoped, we learn. Eventually, it is second nature.
When the drive is stronger than the fear of failure you will find success. Failure is not a reality. Failure is just a step in getting it right. Each call, each offer, each contract, you get stronger and more confident. Be like a Nike commercial and just do it.
Being a Lazy A$$h@le.
Some of us are just lazy AF. We want a free ride. We want things to come easily. If this is you, you are on the wrong bus. Get off.
Otherwise, we often use procrastination as a means to avoid the real reason we are being held back. When I was being a POS about creating a blog, I was ultimately confused and afraid.
Identify your REAL reason for not taking the dive. Address it. Move on.
You do have the ability to be self-sufficient, financially secure, and never have to worry about punching another clock. You can be that guy (or gal) who works on his own terms and answers to no (wo)man. You will never achieve the change you seek if you remain constant. Get out there and make it happen.
I know I went on and on about this but I do find that most people who want to work in REI do not ever take that first step to do so.
I want you to succeed. If you have a question, message me. If you want us to do this together, I do offer mentorship and coaching programs.
Please feel free to share, comment, and like this article if you found it helpful.
Happy Investing My Real Estate Junkies!!!
I was born an entrepreneur. I am pretty certain that I was peddling passies in the hospital when the nurses left the room.All of the other kids in the neighborhood were riding bikes and playing with dolls I was selling jewelry out of a catalogue and creating a back yard consignment shop. At 21 I became a real estate investor and fell in love. This was/is/ and always will be my passion. I have been madly in love with flipping, holding, and writing offers on real estate that seem crazy for 18 years. Ladies and gents I am willing to share the love of my life with you. Maybe its polyamory maybe its jut because I can’t shut up about it. Either way I will be sharing every mistake I ever made and the lesson that came from it. I love questions. Please ask away!!!