Feb 18, 2020
What is the 80/20 Rule and
could it actually make 80% of your work disappear? The rule states
that 80% of results come from just 20% of the action.
Are you trying to grow your
real estate business? Would an 80/20 mindset help you to stay
focused on your strategic plan and spend less time chasing endless
new opportunities?
It really doesn't matter
what numbers you apply, the important thing to understand is that
in your life there are certain activities you do (your 20 percent)
that account for the majority (your 80 percent) of your happiness
and outputs.
For example, if you want to
be a real estate investor and you're learning how to invest through
different courses but not actually implementing any of the
strategies you've learnt so far then it will not cut a deal for
you. We humans are a good consumer. We are good at taking inputs
but not necessarily the outputs.
What I mean to say is if
financial stability is important to you and a big part of your
plans look at this step as phase one, work to convert your
passions into income generating propositions. Grow your business
client-by-client or sale-by-sale. keep adjusting your work vs
passion time ratio as your business grows to support you and you no
longer need your job income. Look for 80/20 activities in
everything you do and drop any inefficiencies as soon as you
can.
The biggest factor that
stops most people from chasing their dreams and working towards
their real goals is fear. Fear of the lack of security, the reduced
income and of the unknown future keeps people locked into routines
that are not satisfying. That path leads to
sadness /depression, low income and poor health. Who wants
that!
Don't let fear be the reason
for not achieving your goals. Stop, reassess your real passions,
remove the money equation long enough so you can think without
worrying about finances, and make plans to move towards your 80/20
lifestyle activities. Maximize what you are good at. Find the
activities that produce the most results for you and your business
and put your energy where the big rewards are.
Let me share you a story
from one of my students from my program 90
Days to $5K. Gayle Chapiel was working for
the 8 units apartment building since last August. Although she had
the finances in place, for one or the other reason she was
not closing the deal. The reason? Most likely she states
that she was taking so many real estate courses online and
attending webinars here and there but she was lacking the right
mindset to close the deal. But she has started listening to my
Mindset Coaching, focused on her mindset and now she's been
able to close the deal.
Now, if you're lacking the right
mindset to move forward not only in real estate but either in your
professional or personal life, reach out to me
at edna@ednakeep.com or Click
here to schedule a strategic call with me.
To listen to my Facebook
live video, Click
here.
AND
Watch Gayle Chapiel's
testimonial here.