You've hit a difficult spot. You're spinning your wheels and not going anywhere. You're questioning whether you should give up this silly dream of being a full-time investor and stay with your day job.
You can only take so much abuse. How do you know when you should quit?
There are a couple of very difficult moments in real estate that keep a lot of people from ever being successful. Learning how to properly invest is one. Growing a supportive network is another. Becoming a professional at a particular strategy is another.
These difficult times are not bad things. They are, in fact, great things! You want to look forward to the hard times, because when you encounter them you know that opportunity awaits on the other side. If you're doing something and you don't encounter difficulty, then when you're doing is probably not worth doing.
These difficulties are the thing that keep average people out of a particular industry. Because if anyone can do something and it's easy then it becomes commonplace. Things that are commonplace are very low in value. Difficulty creates "scarcity". Great real estate investors are relatively scarce, which is why we get paid so much.
Know when to quit
There is a time to push through and a time to quit. How do you know what you should do?
Here's the key. Ask yourself a simple question:
"Am I progressing?"
This was the one question that kept me going while I was experiencing the hard times in this industry. Every week I could look back and see that I learned something new. I could see that I was improving and doing better. I could see progress towards where I wanted to be.
If you're progressing, then you'll get out of the tough spot and on to the rewards that follow. If you're not progressing, then there's no point to struggling.
Without progression, you're not actually experiencing difficulty. You're at a dead end. You could struggle forever and there's no point to it.
Interestingly enough, this is where most people are with their jobs. They might get a raise now and then or there could be a promotion in their future, but there's no growth. Just the same thing day in and day out.
That's one reason that seeking out challenges are so important. The difficult times give you a chance to progress. They give you a chance to learn new things and overcome and grow.
Love the difficulties that real estate brings. Get in the habit of seeking challenges and pushing through them. That is the secret to an exceptional life.
You can only take so much abuse. How do you know when you should quit?
There are a couple of very difficult moments in real estate that keep a lot of people from ever being successful. Learning how to properly invest is one. Growing a supportive network is another. Becoming a professional at a particular strategy is another.
These difficult times are not bad things. They are, in fact, great things! You want to look forward to the hard times, because when you encounter them you know that opportunity awaits on the other side. If you're doing something and you don't encounter difficulty, then when you're doing is probably not worth doing.
These difficulties are the thing that keep average people out of a particular industry. Because if anyone can do something and it's easy then it becomes commonplace. Things that are commonplace are very low in value. Difficulty creates "scarcity". Great real estate investors are relatively scarce, which is why we get paid so much.
Know when to quit
There is a time to push through and a time to quit. How do you know what you should do?
Here's the key. Ask yourself a simple question:
"Am I progressing?"
This was the one question that kept me going while I was experiencing the hard times in this industry. Every week I could look back and see that I learned something new. I could see that I was improving and doing better. I could see progress towards where I wanted to be.
If you're progressing, then you'll get out of the tough spot and on to the rewards that follow. If you're not progressing, then there's no point to struggling.
Without progression, you're not actually experiencing difficulty. You're at a dead end. You could struggle forever and there's no point to it.
Interestingly enough, this is where most people are with their jobs. They might get a raise now and then or there could be a promotion in their future, but there's no growth. Just the same thing day in and day out.
That's one reason that seeking out challenges are so important. The difficult times give you a chance to progress. They give you a chance to learn new things and overcome and grow.
Love the difficulties that real estate brings. Get in the habit of seeking challenges and pushing through them. That is the secret to an exceptional life.