Successful Real Estate Investors Have Patience!
It always bothers me when our customers cancel our service. I know that our service is truly the best thing since sliced bread (where else can you make 500 times your investment?) but it’s not just that. It’s the wrong-headed belief that great things (such as the ability to build wealth) come overnight and it bothers me to no end that it is religiously drummed into people everyday. You see this quick-thinking mentality almost everywhere in our society; “buy this pill and lose weight,” “all you have to do is this…” “send us your money and become rich” etc., etc., etc.
Wealth building takes time. It’s not something accomplished by just going to a seminar (although it can give you great wisdom); it takes sacrifice, dedication and enduring action. It also requires that you think independently and generally do the opposite of what the crowd is doing - when they’re buying you should be selling and when they’re selling you should be buying. But above all it takes PATIENCE!
It drives me absolutely mad to hear some of our customers complain that the leads we send them aren’t in the exact area that they want them to be. They get this idea from other services that sell them on the illusion of “protected territories.” When I hear this I just want to yell “so what!” Go outside of “your area,” get away from your comfort zone and you’ll make money if you still follow wealth building’s time honored principles (see Patience). I think that these same people have no problem paying a real estate broker (I’m one) 5% of the purchase price to get a good deal. They fail to realize that that fee on a $100,000 property ($5,000) is approximately what they would pay to remain our customer for 10 years. I’m not knocking the real estate broker, I think their fee is worth it if they are finding you a worthy deal but the point I’m trying to convey and I hate to sound like a broken record is that you must have patience to build wealth.
Can you make money without patience? Sure! But are you going to build wealth? NO WAY!
The distinction is like buying lottery tickets versus minimizing non-asset based debt and wisely saving and investing your money. It is possible to become wealthy buying lottery tickets (however unlikely) but you are almost assured in becoming wealthy by thinking long-term and practicing the examples of the wealthy.
What do you think? Let me know your thoughts.
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