Dan and I have been investing in real estate for the past 11 years. While we haven’t got a mansion or a big boat to show for it we do have a growing business, a good reputation and a certain amount of freedom and contentment in life. While I’ll always be glad to make more money I think richness is not measured by the amount of money you have.
I see a fair amount of Get Rich Quick schemes at the various expo’s we attend or on the side of my Facebook feed. I also hear from some colleagues and even some of my agents on how they spent all their savings or maxed out all their credit to take this class, that training, this boot camp and don’t have anything to show for it. The promises did not pan out.
I’m not saying all training or coaching is bad. I know that a good education can be costly (I’m currently paying for a very expensive college education for my son) and I know of some really great programs that aren’t get rich quick schemes but actually good coaching and training that sets up folks for success, such as Phill Grove’s Big Dog Program.
What I am saying is that if your goal in getting involved in real estate investing is getting rich quick and spending the remainder of your days lounging on a beach, then you are setting yourself up for disappointment and frustration. Those of us in the business for more than a few years will tell you that it’s hard work, it takes time, dedication, flexibility and perseverance.
So skip the schemes… hook up with good, honest people who will build you and your business up long after you’ve spent the money on their products. You will be rich indeed but you will find that not all riches come in the form of dollar signs.