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Real Estate Training & Coaching School

Real Estate Agents 5 Year Guide To Become A Millionaire (Part 3)

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, Careers

4.7669 Ratings

🗓️ 16 November 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

Today's show is PART 3 of 3. We created this podcast series, Real Estate Agents 5 Year Guide To Become A Millionaire to give you a specific, practical, and tactical plan in order to meet or exceed your goals in your real estate career and ultimately in your life, in 5 years or less. Adjust accordingly based on your own experience level and skill set.   Remember, this is PART 3 of Real Estate Agents 5 Year Guide To Become A Millionaire. Be sure to listen to PART 1 and 2 from the 2 prior days.  Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com 1.   Now you're seeing the accumulation effect of your investing, your saving, and your hard work. Expand your knowledge about what to DO with your profit. Remember, you are rich when your money is working for you and you're no longer working for it. 2.   You can think as big as you wish now regarding your goal setting. Update your Real Estate Treasure Map and think even bigger this year. To do more transactions, add more spokes, not more staff. You should be working with only a handful of buyers or none at all since you have your army of buyer partners assembled. REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris 3.   Set a specific goal for your Magic Number of Listings which is based on the goals you set in your Treasure Map. If you're not sure how to achieve that higher level, get help before you get stuck. Get involved in Premier Coaching. 4.   Upgrade everything. Your listing presentation, pre-listing package, and all support material. Then upgrade yourself. Refer to the 'upgrade everything' chapter in Harris Rules. Your haircut, your glasses, your watch, your shoes, your wardrobe, your car, your technology. Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/?aff_code=670699 5.   Don't let your ego lead your decision-making. You will be tempted by ego advertising, making videos, and wanting to be an influencer. Be cognizant of the fact that none of those things lead directly to your profitability. Remember that it's the repetitious boredom that pays off. Doing what you don't want to do when you don't want to do it at the highest level might be getting boring, but you've built your skills up along the way. Work on becoming more and more efficient at your lead generation. How many people do you have to speak with to set your next listing appointment? Game-ify the process to avoid boredom and keep building skills. 6.   Raise your average sale price. Now that you can easily do at least 24 transactions per year, check out this math: 24 x $12,000 average net commission ($500k sale) = $288,000. Raise your average sale to $750k with an average net commission of $18,000, on those same 24 deals you'll make $432,000.   7.   Continue to invest but keep your investments non-speculative. It's a well-known fact that people with less net worth make riskier investments. People with higher net worth are more careful with what they invest in. Rental properties, stocks with a solid history, etc, are better than crypto for example.   8.   Continue to systematize your lead generation spokes so they are very predictable. Consider adding a new spoke and perfect it this year.

Transcript

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0:00.0

Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.

0:10.2

This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.

0:18.2

What's really working in today's market, how to generate more leads,

0:21.8

make more money, and have more time for what you love in your life. And now your host, Tim and

0:28.3

Julie Harris. Welcome back. You know, Julie, I love this topic. And I know all of you do too,

0:34.6

because we're getting a lot of really great comments over on Instagram and a lot of you showing some sincere appreciation for this five-year plan they're giving to you.

0:44.0

So today, this is day three.

0:45.7

And I know this doesn't, it should be maybe five days of podcasts, but, you know, we're doing five years and three years.

0:51.5

Yes.

0:51.9

Well, we're trying to coach you quickly so you can get into action faster. We're hoping you overachieve and get your five-year plan done in three. So if you've

0:58.9

missed the first two parts to this three-part series, make sure you go back and listen to those as well.

1:03.7

And as always, all of our notes from all of our podcasts are down below. So if you're on iTunes, Stitcher, Spotify, Amazon Prime, Google, Play,

1:13.4

or just, I don't even know all the little names, but all the places. All the places, right.

1:16.8

And over on YouTube, obviously, all of our notes are down below. So make sure you scroll below and

1:21.3

you'll see our notes. And then there's also an opportunity for you guys to join Premier

1:24.8

coaching. All that information is all waiting for you

1:27.6

down below. So just open up the show description. There you go. All right, Julie, so we're on year

1:32.6

number four. And this is where the fun begins. I think this is my favorite part of the plan. And you'll

1:37.9

see why in a second. I hope you'll agree. Point number one, again, we're on year number four.

1:42.9

Now you're seeing the accumulation effect of

1:45.1

your investing, you're saving, and your hard work, assuming you did all of the things in the

1:49.3

previous years, of course. Expand your knowledge about what to do with your profit. Remember,

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