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Investing in Real Estate with Clayton Morris | Investing for Beginners

3 Reasons You Are Poor - Episode 588

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Business News, News, How To, Business, Education, Investing

4.11.1K Ratings

🗓️ 17 February 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

Poor is a temporary state—a short-term season of life in which money is lacking. But how do you break out of this cycle? Today you're going to learn how to identify why you haven't been able to build wealth, plus tips to start moving in the right direction.

On this episode of Investing in Real Estate, I'm sharing the three main reasons that keep people poor. You'll learn about setting goals, how to start being more intentional about your purchases, and the importance of the people you surround yourself with. Don't miss episode 588!

Book a call with our team: https://go.oncehub.com/morrisinvest

Transcript

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0:00.0

I want to get real with you today. I think there are three main reasons why people remain poor. That's today's

0:12.0

show. Let's dive into it. Hey everyone, I'm Clayton Morris,

0:15.0

longtime entrepreneur, real estate investor, run multiple seven figure businesses. And today I want to lay

0:20.5

out three things that I see as a pattern among people that complain, wine, and never can break through to get to the other side of being poor.

0:29.0

Number one on my list is they don't work hard. You do not work hard. If you're watching this, let me know if this

0:37.2

resonates with you. I don't mean work hard at your job. I'm sure you probably work hard 40 hours a week for somebody else, right?

0:46.7

You go to that job every day, you commute two hours, you come home, you plop down on the couch

0:52.0

because you're exhausted. So you are working hard, but you're just

0:55.9

not working hard at your dreams. So with 168 hours in the week.

1:02.6

You're working for somebody else 40 hours of that week.

1:06.4

And even if you were to sleep eight hours a night,

1:09.8

which I know you're not,

1:11.2

because Americans do not sleep that long, although they should.

1:14.9

That leaves an additional 72 hours every week that you can be working on your own dreams.

1:20.8

So you come home after work instead of putting on Netflix instead of sitting down and wasting time

1:26.8

Could you be mapping out your goals and dreams and executing on those things?

1:31.3

You know when I started out real estate investing,

1:33.9

I was working a day job.

1:35.8

And every night, I would get on the phone

1:37.6

and make deals happen.

1:39.3

That is how I was able to break that cycle.

1:42.0

But most people don't think that they can. Or they

...

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