Real Estate Agents 5 Year Guide To Become A Millionaire (Part 4)

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 17 November 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's show is PART 4 of 4. 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 4 of Real Estate Agents 5 Year Guide To Become A Millionaire. Be sure to listen to PART 1,2 and 3 from the 3 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. You now have real skill. What will you do with it? Will you embrace the fact that you have a predictable, duplicatable income stream or will you fall backward looking for the 'easy button'? Resist!! 2. Complete your new Real Estate Treasure Map and be sure to spend lots of time on your goal setting. You can think really big now, but keep the goal 'SMART'. Specific, measurable, attainable, realistic, and timely. Start to think bigger than you did your previous years. What do you want to see, do, have or try out? Bigger, better travel for example. 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. You now have passive income. Re-invest it strategically. Study the best investments you can make and truly begin to build real net worth. 4. Consider adding additional 'spokes' or sources of new real estate leads. If you've not yet embraced working with builders, for example, this is a great way to build even more momentum and insure your steady leadflow. 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 put your database on ice. Year 5 is when agents start to either see a significant increase in repeat and referral business -or- they start spending too much money trying to make things easier, all the while ignoring their past clients and centers of influence. Remember that repeat and referral business generally costs you $0, and they already know, love and trust you. Nurture your database, systematize your communications and you'll see a huge increase in 'easy business'. Ignore it and you could go broke speculating on other things. 6. Invest in coaching. Now is a great time to polish your practice, move to the next level and be increasingly accountable to your goals. Coaching is about motivating you, educating you and getting you into action. LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. We would love to be your sponsor at eXp Realty. Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206. Our EXP Realty site: https://bit.ly/3NJTPwB

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. As promised, this is year five, and this is our five-year plan
0:36.0	for you to become a real estate millionaire. But really,
0:38.7	we sort of re-themed it, I think, into about, you know, year three or day three of this week,
0:43.4	where we started gearing conversations towards not necessarily having to be a millionaire,
0:49.3	but having enough money coming in passively so that your money was working for you and you
0:53.4	no longer had to work for your money. And just if you hadn't listened to the first four days, go back
0:57.1	and listen. But the gist of it is, is if you have $5,000 or $5,000 or $7,500,000, whatever your
1:03.7	number is, coming in per month passively. In other words, the money comes in, whether you are
1:08.8	actually working or not, that's what passive is,
1:11.9	then you are effectively rich, because at that point, your money or your investments
1:16.4	that's producing the net recurring profit of the $5,000 or the $7,500 or the $10,000 per month,
1:22.5	you have essentially accomplished the goal of being, by our definition of rich.
1:26.9	Rich is where your money
1:27.7	works for you and you know, and you have to work for your money. And if you never get to,
1:31.8	you know, a million or two million or 20 million or 200 million or two billion, who cares is
1:36.4	if you got enough money coming in passively every month, then you are living. Like if you had
1:40.7	$5,000 coming in every month, Julie, basically, how much money would you
1:45.3	actually have to have invested? So if you had, for example, $5 million, like sometimes when you and I are
	...

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