All too often, people let their careers define them rather than choose to follow their true aspirations. They drag their listless bodies into stress-filled offices day in and day out for a paycheck that never goes as far as it should. They find themselves living day to day with expectations built up by bosses, coworkers and families. It is a bleak state of affairs.
Most people are so caught in this routine existence that they don’t realize it is in their power to reinvent themselves and build the life they have always wanted. With the rising cost of university education, going back for another four years usually isn’t an option. Perhaps that’s what’s led you to the world of real estate wholesaling. You’re looking for the financial freedom, flexibility and personal satisfaction that so many people lack. While real estate wholesaling might initially seem like a complex topic to the uninitiated, in reality it’s the perfect way to reinvent yourself and achieve your dreams if approached with the right outlook. As Melissa Kirk of Tiny Buddha writes in her article 5 Steps to Reinvent Yourself, “forge your path deliberately and with foresight.” Don’t wait for the future to find you.
On the path to reinventing yourself in real estate or in any aspect of life, it is important to first establish your core values. What do you value most in life? What ethical values define your world view? Core values will guide your long term goals and how you intend to achieve them.
Self-image is the next important element in making the leap away from the daily grind and into closing deals. Kelsey Ramsden of Entrepreneur.com explains in her article How to Reinvent Yourself that the first challenge is breaking through our old self-images and realize that we are not just our titles, we are the successes we make. Don’t feel that your title defines you or that you need to stay within the limitations of the expectations of others. With real estate wholesaling, your actions speak louder than words; your limit is no longer an hourly wage but instead the passion and effort you dedicate to finding deals and building value.
It is vital to strive for something as you reinvent yourself, not just to escape. Psychologists agree that visualizing success is a powerful tool for achieving your dreams, but what does this mean for reinventing yourself in real estate investing? Melissa Kirk emphasizes this key to success in her steps:
- Create your vision of the future and imagine yourself there. Imagine yourself touring houses and closing deals.
- Write down your vision. Describe in writing your life after the reinvention as you travel, negotiate profitable contracts and build business relationships.
- Break your vision into actionable, concrete steps to success. As a real estate wholesaler, you will need to develop a strong list of potential motivated sellers. With this in mind, set yourself a goal of finding X number of sellers in the first six months and Y more after in the next three months.
- Revisit your vision when you find your motivation flagging. Read over your description and see yourself there, standing in a new house on a beautiful day, answerable to no boss but your own will to achieve.
Visualize success, but don’t let your emotions rule you. You may hit a deal out of the park one month and come up dry the next, but stay focused on your vision. As a real estate wholesaler, you are unlikely to succeed overnight without a focus on long term goals. As Art Markman points out in his book Smart Change, “you run the risk of doing lots of little things every day… without ever making a contribution to your future. That can leave you feeling restless and unfulfilled. It’s the big picture things that give life meaning.”
As Markman suggests, “Project yourself deep into the future and ask: What will I regret not having done?”