Why do 98 out of 100 Investors Fail?
Lack of action!
Keep finding excuses as to why you won’t succeed or why now is not the right time;
And you’ll be right!
I see the same people at Investor meetings every year, that when I speak to them they still have the same excuses that they gave me ten years ago when I first met them. “Now is not the righ time. I’m too busy. The kids have school and soccer practice. My credit is bad.” Excuse after excuse, reason after reason.
It still all boils down to the same reason.
Lack of ACTION!
In real estate investing however, it doesn’t take a lot of action to start seeing results. That’s the most encouraging part of it all. It just takes consistent action. If you would put in a minimum of five hours a week into your real estate business, you would make at least an extra $1,000.00 a month in income.
But the really cool part is that when it comes to real estate, the amount of return in dollars is multiplied differently when it comes to action. You see ten hours a week will generate $3,500.00 in extra income a month; fifteen hours a week, $5,500 and so on and so on. It’s really quite simple.
But instead of at least trying out even the five hours a week possibility, most will still just do nothing.
It’s sad, but it’s true, and that’s why 98 out of 100 investors fail!
Oh yeah, take some action and sign up to our boot camp on June 5th and 6th here in Michigan. Here’s the link:
http://investormortgagepro.com/boot-camp-june-5th-and-6th/
Question: What if your scenario is:
Dont have a car or reliable transportation
Living paycheck to paycheck (all income is barely enough to cover bills) leaving nothing extra
Good credit but have alot of bad debt. (Lines and credit cards are basically maxed)
But in good standing in paying your bills
Has a house occupied by a tenant but no equity left in the house and loan is upside down
What should a person do to make progress with this as the situation? How much can I gain or do if I gave 5 hours a week? I know there are a few things I can do that doesn’t involve me leaving the house like setting up the buisness name, website, etc. But what’s really going to help me in this financial crunch? Im fully aware that I am in this by my own hand and wish do something about it. But I don’t want to make a mistake that can be extremely devastating to me.
The post has is all for you. It’s still about lack of action. Your situation is bad, but does it really take a lot of money to get yourself a website set up, find houses, get business cards and then hit the ground hard.
Will it help you financially. Let me give you a quick answer: YES! By putting in your time and working 5, 10, or 15 hours a week at your business and doing it especially when it’s hard, you will make money. If you are broke right now, but you spend 15 hours a week for the next four weeks hustling up a deal and you make a thousand dollars, was it worth it?
How much would you have made sitting a the house sulking about the fact that you living paycheck to paycheck and not working at your business.
The real question is how much money have you let pass you by in the last six months, becuase you havent taken any action? I an say without a doubt that with a person starting out fresh, in the first six months you will have made at least 10k if you had been putting in the time.
Stop finding the reasons not to do something and instead find the reasons to DO SOMETHING NOW!