How your AHA Moment Can Lead to Massive Action
Hear what Cat's AHA moment was!
Click Here for the audio only version on the Lady Landlords Podcast!
We have all be there. One day you feel like you can conquer anything! Everything is going right- your numbers work, it fits perfect into your schedule to go view it, your offer gets accepted! WOOHOO!
But, then all of a sudden....things go south. 😥
Self-doubt creeps in. You listened to all the podcasts and read all the books. You know the strategies, but you are paralyzed when it comes to taking the right step. You are afraid that you are going to make the wrong decision that will set you back. And now, you are stuck! 🤬
But, you don't have to be!
Cat felt that way. Even as an experienced realtor, she knew there was a learning curve to making the transition to an investor. She had some early wins with a flip but then got stuck. How frustrating! But, Cat didn't wallow in her situation.
She asked for help!
She knew others had been successful inn Real Estate Investing and knew she could too. So she turned to those that had been where she was and made it through to the other side. With some reframing and planning during her Personalized Roadmap, we were able to find a path forward! And after only a few short months, she has already reached some of the goals she set out to accomplish! Stuck no more! Congrats again, Cat!
Here are the 3 Steps that helped Cat get unstuck:
1. Set your Goal.
You don't just get into a car and start driving before you know where you are going, right? Well, real estate investing is no different. You need to know what your destination is first. Spend some time thinking about what you are trying to achieve to save you from chasing others dreams. Are you looking to build a multi-million dollar empire or looking to bring home a couple hundred dollars a month to cover your car payment? Those two goals require different action steps so you want to be sure you are taking the right ones for you!
2. Assess your Current Situation.
Now that we know where we are going, we need to know where we are starting from. You need to understand your current financial situation to determine a path forward. Are you in a position to finance your next property traditionally or do you need to look into creative options? Or are you still in saving mode while getting that credit score up? Financial Literacy goes hand in hand with Real Estate Investing. We have to be real and upfront with ourselves about what are finances look like so we can pick the right path forward. If you don't track your income and expenses now, today is a great day to start.
3. Take Actionable Steps.
At this point, you know where you are and where you are looking to go. The last piece is to get the directions from one place to the other. Just like MapQuest (remember them?! 🤣), you need clear, actionable steps that you can follow where each one gets you just a little closer to your goal. This list of steps will help you organize your thoughts. Get all those ideas out of your head and onto paper so you can start checking them off your list!
Need help assessing your Financial Situation or knowing what steps to take? Apply today to get your very own Roadmap to your Next Rental Property here!
Have a happy Tuesday!