It’s funny that if they were given the realistic choice, most people would quit their job tomorrow. Whether you hate your job or not, if given the realistic choice you’d probably considering leaving your job immediately. One of the things people always look into is getting into part time real estate investing. But what do you do if you’re stuck in a full time job want to invest in real estate?
Most large investors start part time and isn’t that kind of surprising? What’s more surprising is that after many of them make it big, they often stay working part time. After all, nobody plans to work more when you don’t have to or you don’t need to, right? Isn’t the purpose of being financially free to have the time to do the things you really want?
So can you get into real estate investing with day job?
Here’s the big secret: That’s how most people start out at it. Hey you need to feed your family and you need to eat, right? Your full time job probably gives you the opportunity to do those things while still working on better opportunities. Since, for now, you’re probably not capable of sustaining the possibility of not earning a large pay check right away, part time investing in real estate (click here), is the only way to go. if you devote your part time efforts to learning more and changing your life, regardless of what you do full time, it’s impossible for you not to achieve success.
Who is really wealthy?
I know it may sound like a silly question but most people see their upper middle class friends with a big house, two or three cars and they think are “wealthy” or “rich.” The truth is that most upper middle class individuals are the same 2 or 3 pay checks away from being completely broke that most of the poorer people are.
Here’s a simple litmus test to determine who is actually financially free. Did they go into a lot of debt to buy that “stuff”? They’re not much further along the path of freedom and wealth if the answer is an emphatic “yes”. They don’t honestly own their possessions because that distinction belongs to the bank. Tell them to skip a couple of payments if you don’t believe what I’m saying. You just reach freedom by purchasing expensive junk on credit to simply “impress the Joneses”.
Don’t overcomplicate things. Get ahead faster and more simpler. Take whatever extra money you have and learn to invest in assets that make money. Purchase more assets with the money created from the previous assets. Your situation will be better in the near future. You’ll be able to do whatever you want because your assets will pay for it. There’s something more valuable than expensive stuff. Do you know what that is? It’s the real freedom to do what you want when you want because your bank account grows without your involvement. After you have sufficient income producing passive assets to life off of then go ahead and buy the big house and car.
If you’re not yet knowledgeable enough with investing because you don’t know how there is no need to worry. Most people don’t. There’s nothing stopping you from learning how. Do you know how many times you have to figure this stuff out? Once. In fact, getting started with quality material can be accomplished for free. Do you know where you can learn how for free? Every subject that you’ll need to know from investing, to raising capital to marketing can be found at your local library. I had just one price that my wallet could accomodate when I started even though it’s still a great resource today, the library.
Automatic Real Estate Investing – Take the smart way out
Real estate investing is a business so treat it like one. Take investing just as seriously as you are forced to take your job. If you don’t treat real estate like a business, you’re sure to not succeed. After you obtain the knowledge from a course you’re probably going to leave with some know how and techniques. Most often, you’ll pick up a lot of motivation and enthusiasm. Your emotional “high” will eventually run out. What will happen to you then? That’s when your business model is really tested. That period of time will show you if you’re really committed to long term financial success in real estate investing. You can make this decision ahead of time to stick with it during that period.
I couldn’t avoid the overused cliché. “Begin with the end in mind.” There are only really two reasons people fail in real estate investing. Do you know why most part time investors don’t ever become full time investors? Do you know why they don’t retire early and retire rich?
1) They don’t get enough qualified leads from their business.
Most new investors have the mental capacity to understand the techniques they have been taught. The biggest issue is that they don’t have enough qualified leads to regularly use their creative techniques with. Something makes all the difference and do you know what it is? I’ll tell you what is the key to every business. Marketing is 90% the core component of every business. Do you what’s great about my marketing? I don’t have to find business, business finds me. My phone rings off the hook with quality leads. In all honesty, I have lazy days where I don’t even call them back because I just don’t need the business. I wish it weren’t true but it really is.
Create your own market machine to attract the ideal client types consistently and do you have any idea what it will do for your business? Cha-ching. When you don’t have to look for new business, you’ll make more money while simultaneously actually working less. If you want to be successful without depending on a job, you’re going to have to master marketing regardless of whether real estate investing isn’t for you. The skills you will learn are transferrable to any business so they are still worth your time and effort to learn.
Think about this. Who do you know that swears from top to bottom that McDonald’s makes the best burger? Who do you know that has a better marketing system of hamburgers? The average person will consume food at the golden arches over 1800 times in their lifetime. Do you think it’s more due to them having the best fast food sandwich or the best marketing machine? Hmmm…
Treat marketing for leads like the fundamental part of your business and you’ll make the great leap from “part time investor” to “full time work when I want to.” Don’t do it and you can look forward to more of the bossman. It’s just how it really is.
2) They have the techniques, they just don’t use it
If you don’t get out and do something about what you’ve learned, you leave it to the world to make plans for you. Guess what they’ve got planned for you? Nothing. You can’t be successful by doing nothing just like you can’t pay someone else to do your sit ups for you. Do you have a 90 to 180 day plan to leave the full time job? Make it as detailed as possible. You’ll need to know just how much money is “enough” to move on. You’ll find a way to achieve your goal somehow if you’re committed enough. Take the time to write it down. By doing this, you’ll program your subconcious mind with something called “major definite purpose.” Your mind will subconciously begin finding ways to get there. If you’re not interested in being your own boss that quickly, that’s alright too. All that matters is what you ultimately want for yourself in this life. The true measure of “success” and how to obtain it is really at your discretion. What you should at least do is take your time and gather more knowledge that will only help you create a better future. You’ll earn more money whether investing or at a job from the extra skills you’ve taken the initiative to learn on your own.
Do you know causes both of these issues?
It’s only the fear of failure that holds all of us back. Consider this. If you were completely sure that you knew the right techniques to profit from deals and that you could produce a steady stream of leads, you’d probably go out and see as many clients as humanly possible. You’d practically knock the doors down to sign up the deals and cash your checks. The fear that you can’t achieve that holds you back. Just picture it for a second. If you were given a list of people to see that had already agreed to do your investment technique but you only had 24 hours to use that list, how many of them would you see? You get what I’m saying if the answer is “a lot”.
Own your fears and they become laughable
It’s important to understand that the negative outcome itself isn’t what’s stopping you. So what are you actually afraid of? You’re only afraid of the fear of the negative outcome. You’re actually more afraid of the anticipation of the negative outcome then it actually happening in reality. You’ve probably had all kinds of negative outcomes in your life. There are lot of teachers who have put a red “x” beside your test’s wrong answer. But you probably weren’t actually that bothered by it, were you? The worst feeling you’re experiencing is by fearing an outcome that has’t even actually manifested itself in reality. Understand this much about your fears.
Nothing has actually happened in reality yet.
The only place your fear of a negative outcome actually exists is in your own head. No teacher has given you the dreaded “x” and nothing has happened in the real world yet. Pretend that you want to ask out that member of the opposite sex. Imagine you’re seriously worried that they’ll say no but you’ve got to find some way to tel them that you’re attracted to them. What does the average person do? They let this anticipation of a negative outcome own them and they just never ask. Has this person in reality actually said no? Even if they gave you the dreaded teacher’s “x,” you could probably handle it anyways. Own your fear by realizing it is not anything to do with the other person that you fear. What you actually fear is the anticipation of a negative outcome in your own head which does not exist in reality. You have full control over your imagination and you can reprogram your mind to expect a positive outcome or at least wait until reality has played itself out. You’ll easily attract favorable outcomes when your mind is properly configured to accept success. If you were sure your financial success was waiting with the next lead, you’d make sure to both generate that lead and then you’d make sure to go see them. Your own imagination is all that you’ve ever been afraid of. Now that’s a scary truth. Just how strange is that?
A Funny Story – Do you hate your job as much as my friend?
I lack the creativity to make this story up. This is a true story that still gives me a giggle. Tom and I have since become good friends but we first met at the local real estate investors club. When I met Tom he was already a well established and successful investor. As we got to know each other more, he told me this story from only about 2 years back when he first began. He earned a computer science degree from University which he had used to spend 6 months at a related job. He started hated his job quickly like a lot of people do. Just out of curiosity, do you hate your job that much yet? Well let me tell you that he sure did.
In his spare time, Tom had invested $5000 in one of the real estate guru’s weekend seminars. From there, he wanted to invest in real estate but the course was totally incomplete. Let’s call the course an “R. Allen” course. No wait that’s too obvious. Let’s call it a “Robert A.” course. The course wasn’t actually all that useful but it gave him his first taste in investing which was part of the spark that propelled him. He recognized the unparalleled opportunities in real estate.
The problem was simply that like everyone else, he needed his job’s pay check. Do you feel like Tom sometimes? I know that when I started out, I sure did. You just can’t get any trickier than this next part of the story. Tom stayed up all on a Sunday drinking coffee after coffee. He didn’t go to sleep that night. He paid his doctor a visit the following morning. He told the doctor that he was so stressed out about his job that he was having headaches, he couldn’t sleep and a whole bunch of things about how it was ruining his health. The doctor measured his caffeine-induced out of whack vital signs and the doctor concluded that he was obviously “too stressed” to continue working. He granted him six month’s paid stress leave. Now isn’t that something else?!
He did his first deal about 2 weeks later with the assistance of some additional books. How’s he doing now? Tom now has purchased over $2.5 million in equity in over 100 properties and he enjoys over $15,000/month in positive cash flow every month. He now spends about 6 to 9 months of the year travelling and more importantly he went from full time job to no job. With a sharp and focused persona, it’ll actually be easy to accomplish. Tom has done all this in less than five years.
So, what’s the moral of the story here? Tom obviously took advantage of the system but I’m not suggesting you do that. Just make sure you have a plan to ditch the J.O.B. In the next 6 month’s time you’re going to have to know exactly how much money it will take to get there and what steps you will have to take.
The only way to get started is to find a way to work real estate investing in combination with your day job. Don’t worry if your full time day job really, really blows. It will be easier than you think if you know where you’re going and how to get there.
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