There's 1 sneaky thing that could be holding you back from making hundreds of thousands, if not millions, of dollars.

Stick with me.

I know it sounds extreme. But in the world of real estate investing, one transaction can significantly increase your net worth.

You are 1 connection away from changing your financial future.

Dominican University did a small goal-setting study. 5 different groups participated in different levels of goal setting.

• Group 1 had to think about their goals

• Group 2 had to write their goals

• Group 3 had to write goals and formulate action commitments.

• Group 4 had to write goals, formulate action commitments, then send their goals and action commitments to a supportive friend.

• Group 5 had to write goals, formulate action commitments, send their goals, action commitments and weekly progress reports to a supportive friend.

Group 5 achieved significantly more of its goals than any other group.

(Group 4 achieved more than Group 3. Group 3 more than Group 2. And Group 2 more than Group 1.)

You can't deny it.

You will accomplish your goals faster by sharing them with like-minded investors.

There are 3 key reasons why:

1. They can give you advice, tips, and mistakes to avoid.

   Let's say you tell another investor you want to buy your 1st apartment building. They can help you acquire the property faster, essentially skipping years of time it would've taken you to figure it out on your own. And as Warren Buffett says, "Time in the market > Timing the market." Or, they can let you know what NOT to do that'll prevent you from losing money. And as Warren Buffett also says, "Rule Number 1: Never lose money. Rule Number 2: Never forget rule No. 1."

2. They can connect you with the right people. Using this same example, someone else who invests in apartment complexes can help you find investors, contractors, property managers, lenders, etc. Again, you are skipping all of this time (and money) it would take you to do it on your own. So much of real estate success is about WHO you know. A great reference for this is Ben Hardy and Dan Sullivan's book, Who Not How.

3. They can hold you accountable. If you are like me, it's actually easier to let yourself down than let someone else down who's invested in you. If someone takes time out of their day to help me, I'm going to make sure their time was well spent. So much of each other's success at FI Investors and GoBundance comes from people making sure you do what you say you're going to do. When surrounded by achievers, you don't want to be the person who doesn't take action.

Action tip for the week:

Tell other investors in your network about your goals.

• Say, "I'm looking to {buy an apartment building, short-term rental, become financially free, etc.}, do you know anyone who can help me with this goal?"

• Or "I know you've {accomplished the goal I'm looking to accomplish}, do you have any recommendations for where to start or mistakes I should avoid?"

You can read this post and think "Yeah, I should tell people about my goals" or you can take action. It's up to you!

🎥 YouTube Video of the Day:

Andres Bustamante Real Estate Empire Using House Hacking & Social Media
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