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 firstname.lastname@example.org or Click here to schedule a strategic call with me.
To listen to my Facebook live video, Click here.