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Lifetime Cash Flow Through Real Estate Investing

Ep #585 - The Power of Proper Planning - Own Your Power Success Tip

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Investing, Education, Business

4.61.4K Ratings

🗓️ 13 July 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

Proper planning is present you taking care of future you. Planning is the key to a successful life of meaning and impact. Having a plan is like having a roadmap of where you are going. Planning is having a destination, having a roadmap, having a vision, and executing. 

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. I am super freaking excited about a 296 unit asset that we've got under contract in San Antonio. Now we kissed hundreds of frogs to find this value at property that you know really met our conservative criteria. So if you're an accredited investor I'd encourage you to get on our calendars and chat about this deal. Now if you know my story

1:00.0

you know how conservative I am and even with that conservative approach this deal is projected to throw off very solid double digit returns. And unlike a lot of other operators out there who make their performance look as great as they can we actually do the opposite we're conservative. The other thing is I spend time showing our investors this business and educating them as much as possible about the behind the scenes process. So if you're looking to learn more about this exciting multi family business you get to see things that I can't teach from stage because there's just so many different new and nuance.

1:30.0

You know so again if you're accredited and you're interested in talking to us about this text the word partner to seven to three four five again that's partner to seven to three four five and we'll set up a call or you can just go to see our e capital dot com and go directly to our portal to get information again that's see our e capital dot com all right let's get to it.

2:01.0

Today I want to talk to you about the power and momentum you bring into your life and frankly towards your success with proper planning now proper planning equates to the present you the today you taking care of the future you proper planning is also what's required to keep you from performing poorly.

2:20.0

Now planning is the key to a successful life a life of meaning and impact sure you can flow through life and react to the events that happen to you or you can plan your life out and be proactive in writing that script of your life.

2:34.0

It's important for you to remember that you were put on this earth to make a difference to be a force for good now if you don't have a proper plan you're going to have little or no growth and very little impact on others.

2:45.0

So planning at any level will help build and then maintain long term success for your business endeavors as well and in my companies for example we use the EOS system outlined in the book traction we get together every week to review our progress and we plan for the next week.

3:01.0

And we also meet together quarterly to plan out our 90 day goals or outcomes which they call rocks that's a brilliant system it's helped our company grow and thrive even through this pandemic.

3:12.0

So in life and in business they'll always be curve balls thrown at you that can throw a wrench in your plans that's called life and proper planning is the only way to stay on track when those curve balls come your way.

3:24.0

Having a plan is like having a roadmap of where you're going sure they'll be detours they'll be wrecks and distractions along the way but with your plan you get back on course and get to your outcome or your destination as you plan right now another big benefit of planning is that it also allows you to prepare yourself mentally for what's coming and for what you must do.

3:45.0

Planning for success is a huge part of my warrior mentorship program for example being prepared for the outcomes and the successes that come when you're planning your future really creates this tidal wave of momentum.

3:57.0

Time and time again when one of my coaching students takes down their first multifamily property they're like that's it that's what I was afraid of and then the next thing I know they've got several more deals closed.

4:07.0

Now being fully prepared and fully understanding what's ahead allows you to thrive in the moment and take advantage of that momentum.

4:15.0

You can't always predict what's going to happen in the coming weeks months or even years but proper planning helps you know where the potential problems and the opportunities are and allows you to be ready for them.

4:27.0

Now proper planning is really not difficult it boils down to a few key steps you do these consistently and you're going to see spectacular results.

4:35.0

First know where you want to go you can't plan any trip without knowing the destination so put that pin in your map and then decide on that desire that desired outcome or that goal your destination.

4:47.0

Next do your research do your due diligence like if it was a deal right when Tiffany I go on any trips we always research where we're going we look into the best flights you know what the temperature is going to be so we know what clothes to bring what activities you know local restaurants we might want to go to.

5:03.0

It's the exact same thing when you're planning your life goals do the work that's needed to be sure you have what's required to ensure that you get there.

5:11.0

Then write it down proper planning requires you to write it down and revisit it frequently you can't keep it in your head if you're in your head you're dead okay.

5:21.0

Next get a strategy how are you going to roll out your plan figure out what you're going to need and who you who's going to be able to help you write down the action steps needed to get you where you want to go.

5:31.0

And then finally have pictures of your goal or your final destination on your walls around you in your planner on your screen saver having that visual cue really helps your subconscious work on the plan even when you're not consciously thinking about it.

...

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