The Way You Learned in School Is Stopping Your Investing Success...Here's Why

In school, we learn a lot about a multitude of subjects, topics and concepts in order to succeed. While it worked in that space, it can hold us back in our careers, especially as real estate investors.

 

Because of how we were taught, we end up gathering more information than we need in order to get started. We think we need to read every book, absorb all the knowledge and go to all the events to be ready to pull the trigger, but that’s really not necessary.

 

In this game, 80% of our results can come from 20% of the information. Instead of knowing everything, we can go pretty far with a few simple pieces of information, especially when it comes to getting that first deal under our belts.

 

How do we eliminate the information that doesn’t matter and focus on what truly moves the needle? In this episode, I talk about how school might be the thing keeping you from success, wealth and financial freedom.

 

In school, you learn about a lot of things but only end up implementing just a few things, investing is the same. -Tom Cafarella  

 

Three Things You’ll Learn In This Episode

 

-Focus on deal #1

Thinking we need to have everything figured out keeps us from taking action. What do we need to focus on if we’re new to the game?

 

-The Pareto Principle 

What is the simple minimal work that takes less than an hour a week, but will produce 80% of our results?

 

-Shortcut the path to success 

How does a mentor help you cut out mistakes and gain you confidence in the deals you are and aren’t doing?