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Lifetime Cash Flow Through Real Estate Investing

Ep #579 - The Power of Strategic Thinking - Own Your Power Success Tip

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Investing, Education, Business

4.61.4K Ratings

🗓️ 21 June 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

You must have a strategy that you evaluate regularly that ties in your various tactics. Without a strategy, your tactics are the noise before failure. How do you successfully strategize?

  • First you've got to have a vision and a goal.
  • Second, formulate and write down your plan.
  • Third, write down the monthly, weekly, and daily executables to implement the plan
  • Finally, check in weekly to align yourself.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to own your power. I'm Rod Cleef and I'm thrilled you're here. Now, this is where I share with you the most valuable things I've learned about the psychology of success. I'm going to show you how to own the incredible power that's already inside of you 80 to 90% of your success and anything is just psychology only 10 to 20% the action with canics now these own your power clips combined with my interviews with real estate experts are designed to provide you with all the tools you need to be a massive success and

0:30.0

real estate and of course in your life now if you like what you hear on these segments please subscribe on iTunes and leave us a five star review so we can reach more people I'll see you on the inside. So let me ask you a question what is your strategy for creating passive cash flow in your life. Now strategic thinking is actually the topic of this week's on your power clip now if you're thinking your strategy might be investing passively in apartments indications and if you're an accredited investor you need to really listen up. We've got

1:00.0

this beautiful 269 unit asset under contract in San Antonio Texas and we frankly looked at hundreds of properties to find this deal. Now this is a value add property where we're going to be able to significantly force the appreciation through our work. So not only is the value going to go way up but it's also a conservative investment and frankly even with our conservative underwriting we projected very solid double digit returns for our investors. So if you'd like to see about partnering or investing with us text the word partner.

1:30.0

To 72345 also if you're thinking of starting in this business by investing passively but you may ultimately want to do it actively please know that you know I literally do everything I can to educate our investors behind the scenes as to what we're doing and what's happening with their investment.

1:46.1

So to start the conversation with us text the word partner to 72345 or go to see our e capital dot com again that's see our e capital dot com or text the word partner to 72345.

2:00.0

All right, let's get to it.

2:12.1

As I said today I want to talk to you about the power of strategic thinking now many people sadly end up just coasting through life pushed in whatever direction their environment sends them.

2:23.8

Without any conscious preparation or you know are planning to change their destiny right and then there's the people that think that the secret to success is to study something ad nauseam before ever taking any action.

2:36.9

And then there's the ones that think success comes about from someone's gifts or skills either learned or even that they were born with.

2:44.7

What all of them don't realize is only about 10 to 20% of someone's success is their skills or study of a particular vehicle 80% or more of their success is their ability to strategize and pivot as needed on their journey to their goals.

2:58.8

Now one of the most strategic military strategists in history the author of the art of war the great Chinese warrior Sun Tzu said tactics without strategy is the noise before defeat.

3:11.8

So in other words just being busy and working hard just to work hard is really just that noise on your way to failure.

3:19.0

So to prevent that failure in business and life requires strategy and planning.

3:24.4

Now you probably know I talk a lot about setting goals and determining why those goals are an absolute must and then of course you have to take massive, massive action towards achieving those goals.

3:34.6

But what I don't talk about quite as often is that action has to tie in with your overall strategy or plan.

3:40.7

You have to have a strategy and you've got to evaluate it regularly and before we go any further let me say this hope isn't a strategy.

3:49.5

Even just vision alone isn't a strategy and of course just working to work isn't a strategy. So here's what strategy is.

3:57.4

Frankly it's really just a fancy word for coming up with a plan to get to your goals working that plan and evolving and modifying that plan as needed.

4:07.0

Right carefully evaluating your progress and changing that plan wherever you have to.

4:12.3

Now I like to think about this as the ever changing map for success.

4:17.5

There's no straight line from where you are to your goals my friend.

4:20.8

We all encounter setbacks and even failures on our paths.

...

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